Who We Are:
NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance who has also earned the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.
Summary of the Role: This is a full-time position, working within the Reporting and Analytics Department. The position requires day-to-day financial analysis, modeling, and reporting for a specific set of clients. Position includes reviewing data for accuracy and creating client specific reports for analysis and review, as well as preparing client presentations.
Essential Duties and Responsibilities:
Prepare financial reports on a weekly, monthly, and quarterly cadence that are inclusive of claims, budget/premium, payroll contributions, membership, high claimants and network utilization
Monitor accounts for any claim trends, high amount claimants, and other emerging underwriting issues.
Apply underwriting principles to develop renewal projections for medical, dental and vision
Complete renewal analysis and support the carrier negotiation process
Complete financial modeling of plan designs, employee contributions, specific stop loss recovery analysis, and IBNR reserve analysis.
Conduct trend analysis
Assist in performance of financial modeling of mergers, acquisitions and divestitures
Assist in preparation of stop loss sensitivity analysis for self‐insured clients
Assist in financial analysis to aid in development of multi-year financial strategies for clients
In collaboration of the Consulting Team, finalize financial analysis for client presentations
Build financial models to improve financial analysis reporting and/or renewal process to deliver maximum value and efficiency
Facilitate special projects as requested of the Reporting and Analytics Department
Support the sales process through financial analysis
Attend seminars, sales meetings or educational activities to stay up‐to‐date on the latest developments, trends and regulations in the market place
Build and maintain solid relationships with consulting teams as well as carrier representatives
Knowledge, Skills, and/or Abilities:
Strong Analytical Skills
Ability to correspond on all financial issues in a clear, concise and persuasive manner
Ability to effectively establish rapport, present information and respond to questions from consultants, clients and coworkers
Dedicated work ethic with a commitment to client service excellence
Well organized with the ability to handle several projects/clients simultaneously
Strong knowledge of the group insurance marketplace including alternative funding methods and industry trends
Working knowledge of carriers and products
Strong knowledge of Microsoft Excel
Proficiency with Power Query, Power BI and Visual Basic
Less than 10% travel required
Education and/or Experience:
- Bachelors in Risk Management and Insurance, Actuarial Science, Finance, Statistics, Mathematics is highly preferred
- Underwriting experience in employee benefits.
- 3+ years of related experience with an employee benefits consultant/ broker or medical insurance carrier
Certificates, Licenses, Registration:
- Willing to obtain a Life & Health license, 90 days after hire.
What We Offer:
We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $70,000 – $120,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
NFP and You... Better Together!
NFP is an inclusive Equal Employment Opportunity employer.
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What We Do
NFP, an Aon company, helps companies and individuals address today’s most significant Risk Capital and Human Capital challenges. With colleagues across the U.S., Canada, UK and Ireland, and global capabilities enhanced by the Aon advantage, NFP serves a diversity of clients, industries and communities. Our collaborative team provides specialized expertise and customized solutions, including property and casualty insurance, employee benefits, life insurance, executive benefits, wealth management and retirement plan advisory. Risk Capital We provide proactive management of complex risks. Managing risk may be complicated, but we’re easy to work with – we implement new administrative technologies and solutions that work for you and your business. Our services are consultative and put your organization’s needs first. We do our research and uncover potential exposures before they’re a problem. Commercial Coverage Expertise Industry Specialty Teams Personal Risk Support Services Human Capital Discover a holistic approach to your people management strategy and individual solutions that help protect what matters. As a people first company, we recognize the importance of people at the core of our business and our lives – whether you need help with your business or with your life, our experts want to connect you with tailored solutions that meet your needs. Employee Benefits Executive Benefits Life Insurance Retirement Advisory Talent Solutions Wealth Management
