Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Brown & Brown is Seeking a Senior Benefit Analyst to join our growing team in Chicago, IL.
Assists Team Lead in servicing the overall advisory needs of the customer with an emphasis on all financial and technical consulting needs on a team. Utilizes technical expertise to retain clients by providing financial expertise. Role includes evaluating proposals, broking and marketing plans, financial reporting, benchmarking, underwriting, and renewal analysis across all health and welfare benefit plans as well as assist with other adhoc reports and analysis
How You Will Contribute
- Benefits Analyst tasks+
- Intermediate to proficient level of renewals, underwriting and reporting.
- Prepare and send monthly financial reports to clients with analysis of activity and large claim detail.
- Prepare intermediate level financial/underwriting exhibits as requested including but not limited to financial projections, large claim analysis, specific stop loss analysis, demographics analysis, IBNR, etc.
- Develop intermediate level reporting requirements and any deviations or customizations in those reports.
- Maintains intermediate knowledge of compliance and regulations in the benefits arena
- Provide guidance/training to Analysts.
- Mentor, guide and train Analysts on standard processes used by office and team, complex analysis and other methods of service.
- Prepare and present complex financial information to clients.
- Lead the presentation of and be the point-of-contact for technical and financial issues related to a client needs across all health and welfare plans.
- Other duties may be assigned.
Licenses and Certifications:
- Must obtain and maintain active Life/Accident and Health Insurance Agent License within one year.
Skills & Experience to Be Successful
- Bachelor’s Degree in Accounting/Finance/Business/Economics or equivalent work experience
- 3+ years financial experience with a thorough understanding and knowledge of employee benefits
- Proficient with MS Office Suite
- Microsoft Excel – Strong to expert level skills
- Strong analytical and critical thinking ability
- Ability to maintain a high level of confidentiality
- Excellent verbal and written communication skills
- Ability to work independently and exercise judgement
- Detail oriented with excellent organizational skills
- Demonstrates a sense of urgency and a proactive approach to meeting client financial requirements
Pay Range
$60,000 - $95,000 AnnualThe pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
- Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
- Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
The Power To Be Yourself
As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.
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What We Do
Brown & Brown Insurance provides risk management solutions to help protect what our customers value most. Our four business segments offer insurance products and services to businesses and individuals.
Our culture is built on integrity, innovation, superior capabilities, and discipline. We view insurance differently and use our experience, carrier relationships, and principled customer focus to deliver first-class service and solutions.
Becoming a Brown & Brown teammate introduces you to a career with virtually unlimited possibilities. We think of ourselves as a team, so we have teammates—not employees. We strive to attract people who are competitive, driven, and disciplined. Our unique company culture of meritocracy rewards self-starters and those committed to doing what is best for our customers. We are proud to be certified as a Great Place to Work ®.
Brown & Brown has demonstrated a Culture of Caring through dedication to the people and communities we serve. With more than 11,000 teammates in over 300 locations across the US, Canada, Ireland, the UK, Bermuda, and the Cayman Islands, we actively support numerous organizations in the local communities in which we live, work, and play.
With a long-standing history of proven success, Brown & Brown is one of the insurance industry’s most powerful and influential leaders, ranked as the fifth-largest brokerage in the US and sixth in the world. You can find us on the NYSE as BRO.
