Impress employers and recruiters.
Choose from hundreds of resume examples.
Impress employers and recruiters.
Choose from hundreds of resume examples.
Target Resume Now
About the Role
The Benefits Analyst will provide group benefits consulting support, including design, financial management, and ongoing servicing for existing clients and prospects. This role involves close collaboration with internal consulting teams, vendor interaction, and ensuring quality standards are met.
Responsibilities
- Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
- Conduct annual renewal analysis and negotiations with carriers.
- Prepare client reports and presentations.
- Perform experience reporting, budget projections, and review plan financial performance.
- Conduct marketing activities, including preparing and submitting specifications, analysis, cost comparisons, and recommendations.
- Prepare marketing reports.
- Gather data and determine cost impact for plan design changes.
- Monitor carrier/provider services standards.
- Support the consulting team in preparing documents for client presentations and meetings.
- Participate in industry conferences and seminars to stay abreast of industry trends.
- Build relationships with carriers and internal, cross-functional teams.
- Conduct plan design benchmarking studies.
- Review all benefits documentation for accuracy.
- Prepare and review master applications and other documentation for new sales submissions.
- Monitor the implementation process to ensure deadlines are met, questions are answered, and all forms are completed.
- Prepare detailed plan design documents using Excel templates and update as required.
- Investigate and assist with resolving ad hoc claims and coverage issues for clients.
- Market new group benefit opportunities to multiple insurance carriers.
- Analyze carrier proposals for plan design alignment and pricing accuracy.
- Prepare professional proposal packages and side-by-side comparisons for producer review.
- Ensure all new business submissions are complete and meet underwriting requirements.
- Serve as the primary point of contact with carrier marketing representatives and underwriters for new business.
- Negotiate rates, plan adjustments, and underwriting exceptions.
- Follow up on pending quotes and manage carrier deadlines.
- Maintain strong working relationships with multiple carrier partners.
- Create client-ready proposal presentations.
- Develop contribution modeling and cost comparisons.
- Ensure proposals clearly articulate the firm’s value proposition.
- Collaborate with producers to understand prospect needs and competitive positioning.
- Provide strategic input on carrier selection and funding strategies.
- Track and manage new business pipeline activity.
Requirements
- Minimum 2-5 years of experience in group benefits.
- Knowledge of the Canadian benefits industry and group benefits financial underwriting requirements for all types of employee benefits plans.
- Advanced competency with Microsoft Excel.
- Proficiency with Word, PowerPoint, and Outlook.
- Strong analytical skills.
- Excellent organizational skills with strong attention to detail and high level of accuracy.
- Ability to manage and prioritize competing demands to meet client and company needs.
- Ability to work independently and in a team environment.
- Strong written and verbal communication skills.
- Sensitivity to confidential information.
Skills
- Group benefits consulting
- Financial management
- Client servicing
- Vendor interface
- Client deliverables
- Quality standards
- Plan design
- Financial underwriting
- Microsoft Excel
- Microsoft Word
- Microsoft PowerPoint
- Microsoft Outlook
- Analytical skills
- Organizational skills
- Attention to detail
- Accuracy
- Time management
- Prioritization
- Independent work
- Teamwork
- Written communication
- Verbal communication
- Confidentiality
- Marketing
- Quoting
- Proposal development
- Carrier negotiation
- Underwriting coordination
- Relationship building
Location
- Canada
Work Type
- Full-time
Experience Level
- 2-5 years
Salary/Compensations
- $70,000 - $90,000 annually
Benefits
- Comprehensive employee benefits
- Retirement programs
- Generous retirement savings plan
About the Company
- People Corporation is a national provider of benefits, retirement, wealth, wellness, and human resource solutions.
- Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians.
- We offer customized solutions designed to fit the unique needs of businesses and their employees, members, and stakeholders.
- We are committed to helping businesses succeed.
- We value our employees and provide competitive salaries, a comprehensive group benefits plan, and a generous retirement savings plan.
- We want you to thrive.
Equal Opportunity
- We are committed to providing an inclusive, accessible environment, where all employees and clients feel valued, respected, and supported.
- We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.
- If you require an accommodation or an alternative format of any posting please reach out to careers@peoplecorporation.com.
- For more information on Accessibility at People Corporation, visit our link https://www.peoplecorporation.com/en-ca/accessibility-statement.