Position: Benefits Consultant
Job Description:
The Benefits Consultant is primarily responsible for retaining clients and their existing book of business. The consultant will oversee strategy, financial analysis, benefit design, plan renewals, bench marking and overall service delivery. They will also effectively communicate the company's value proposition and latest industry trends to active clients.
Responsibilities:
- Develop sophisticated benefit design and renewal strategies and drive the development of solutions to address complex client issues.
- Works closely with account management and/or client service teams on pre-renewal strategy, RFP distribution, SPR?s, open enrollment strategy and post renewal analysis.
- Clearly establish and communicate timelines with the client service team(s) and keep them apprised of changes and renewal updates.
- Maintain accountability for revenue and profitability for client accounts and projects, keeping all involved parties up to date.
- Monitor the success of projects in terms of scope, budget, timeliness and client satisfaction.
- Oversee the on-boarding of new clients by working collaboratively with client service team(s) to establish the implementation plan, team and timeline.
- Ensure client service team(s) exceed client expectations.
- Cultivate and maintain strong relationships with clients and carriers.
- Maintain a full understanding of the insurance markets, funding alternatives, networks and benefit plan options.
- Ensure accuracy of client data in CRM.
- Remain fully knowledgeable on compliance issues governed by legislation and regulations impacting employer sponsored health and welfare plans such as HIPAA, ERISA, Tax Code SEC 125, PPACA and state sponsored health insurance exchanges.
Education Requirements:
- Bachelor's Degree preferred.
- Valid life and health insurance license required.
Desired Background/Skills:
- Must be up to date and knowledgeable on Health Care Reform and health and ancillary insurance products.
- Must have a practical knowledge of quoting process and tools.
- Must be proficient in Microsoft Excel and familiar with database applications.
- Ability to influence and effectively interact with members of the C-suite.
- Strong attention to detail.
- Must be self-motivated and disciplined.
- Excellent written and verbal communication skills.
- Strong organizational skills.
- Ability to manage one's workload in a fast-paced environment.
Qualifications:
- 3+ years of benefits consulting experience required.
Other Information:
- In-office with hybrid flexibility.