Position Summary: The Senior Financial Analyst is responsible for underwriting renewal projections on various group sizes, building premium equivalents, self-insured feasibility, contribution analysis, plan evaluations, and handling other analytic requests as needed. Aiming to help educate our producers, account management, and clients in understanding their benefits programs, renewals, and provide negotiation points to justify lower renewals.
Tasks:
- Evaluates the financial risk of medical & ancillary benefits for clients and prospective clients
- Proficiently communicates with internal/external customers using web-based tools
- Uses group experience and demographic analysis to drive future strategies such as plan changes, stop loss levels, funding changes, & contributions
- Creates RFPs for carriers and manages the financial part of the renewal
- Evaluates and explains financial analyses to internal benefit analysts/producers
- Presents explanation of financial analyses/strategies to external clients
Specific Knowledge, Skills and Abilities:
- Underwriting experience required* (preferably with Large group experience)
- Advanced proficiency in Excel (VLOOKUPs, Formulas, Charts, Graphs, Pivot Tables)
- Excellent knowledge of multiple types of health plan funding arrangements
- Excellent written and verbal communication skills
- Exceptional organizational and multitasking skills
- Understanding of the client/broker/carrier relationship
- Proven experience with time management in various positions
- Proficiency in a variety of computer applications, as well as CRM Data entry systems
- Demonstrated dedication to providing superior customer service and gaining client loyalty
- Proficiency in mentoring, training, and presentation skills
Core Competencies:
- Ability to Analyze and Solve Problems: Skill in recognizing challenges, exploring options, and implementing effective solutions in a timely manner
- Attention to Detail: A strong focus on completing tasks and projects accurately and thoroughly
- Communication Skills: Capable of expressing ideas clearly in both verbal and written forms and engaging with various audiences
- Timely Task Completion: Ability to finish tasks and projects efficiently, managing resources and priorities effectively
- Team Collaboration: Willingness to work together with others, promoting teamwork and supporting shared goals
- Client Focus: Dedication to understanding and addressing the needs of clients and stakeholders to ensure their satisfaction
- Dependability: Acknowledgment of the importance of being present and punctual
- Creative Thinking: Openness to suggesting new ideas and methods to improve processes and outcome
- Organizational Skills: Capability to prioritize tasks and manage multiple projects simultaneously
- Adaptability: Willingness to adjust to changing situations and priorities, showing resilience in a dynamic work environment
Experience and Education:
- Undergraduate degree desired but not required
- 5+ years industry-specific experience
- Underwriting/Experience rating background required with understanding of all funding arrangements (fully insured, level-funded, self-funded) (preferably with large group experience)
Licensing and Credentials:
- Willing to acquire licensing as needed
Systems:
- Proficient with Microsoft Excel, Word, PowerPoint, Outlook, and various AI models (helpful)
- Advanced proficiency in Excel (VLOOKUPs, Formulas, Charts, Graphs, Pivot Tables)
- Proficiency in a variety of computer applications, as well as CRM Data entry systems
- Claros experience a plus
Physical Requirements:
- Ability to lift 25 pounds
- Repeated use of sight to read documents and computer screens
- Repeated use of hearing and speech to communicate on telephone and in person
- Repetitive hand movements, such as keyboarding, writing, 10-key
- Walking, bending, sitting, reaching and stretching in all directions
Benefits & Compensation:
- Higginbotham offers medical, dental, vision, prescription drug coverage, 401K, equity incentive plan as well as multiple supplemental benefits for physical, emotional, and financial wellbeing.
- Employee Wellness Program
- Company paid holidays, plus PTO
Notice to Recruiters and Staffing Agencies: To protect the interests of all parties, Higginbotham Insurance Agency, Inc., and our partners, will not accept unsolicited potential placements from any source other than directly from the candidate or a vendor partner under MSA with Higginbotham. Please do not contact or send unsolicited potential placements to our team members.
Equal Opportunity EmployerThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Underwriting experience, preferably with large group experience
- Advanced Microsoft Excel proficiency, including VLOOKUPs, formulas, charts, graphs, and pivot tables
- Knowledge of multiple health plan funding arrangements, including fully insured, level-funded, and self-funded plans
- Excellent written and verbal communication skills
- Exceptional organizational and multitasking skills
- Understanding of client, broker, and carrier relationships
- Experience with time management
- Proficiency with computer applications and CRM data entry systems
- Mentoring, training, and presentation skills
- Five or more years of industry-specific experience
- Underwriting or experience-rating background
- Undergraduate degree
- Willingness to acquire licensing as needed
- Experience with Claros
Higginbotham Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Higginbotham and has not been reviewed or approved by Higginbotham.
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Healthcare Strength — Health coverage is positioned as comprehensive, with extensive insurance options and access to high-quality plans at competitive rates. Employer contributions toward medical premiums and additional coverage options are described as part of the package.
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Equity Value & Accessibility — Employee ownership is highlighted as a notable component of total rewards, framed as an “owner” model with potential long-term upside. Stock programs, grants, profit units, or similar participation are described as part of compensation for some roles.
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Leave & Time Off Breadth — Paid time off is repeatedly positioned as a strength, including references to strong PTO and time to support community involvement. A flexible work environment and some hybrid flexibility are also described as part of the overall rewards experience.
Higginbotham Insights
What We Do
We're an employee owned and customer inspired, insurance and financial services broker that's family to our employees, accountable to our clients, teammates to our carriers, and generous to our communities. By using our independence to commit to transparency and demonstrate authenticity, we're a company that leads with values so value leads.
