Group Benefits Plan Analyst

Marsh & McLennan Agency located in in Troy, Michigan serves the group benefit needs of organizations that employ between 100 and 10,000 workers. We provide innovative and individually tailored cost reduction strategies and tactics in all of the functional elements of group benefit plans.

We currently have an exciting career opportunity for a Plan Analyst in our Troy office. The Plan Analyst is responsible for obtaining and analyzing group benefit program proposals for both clients and prospects. The Plan Analyst analyzes bids for group health and welfare coverage for clients, provides benchmarking research and analysis, and develops detailed client reports. The Plan Analyst provides substantial financial analysis for their assigned clients. This position spends approximately 90% of their time in Excel.

ESSENTIAL FUNCTIONS

  • Provides support in obtaining the most competitive insurance proposals in the marketplace, financial reporting and carrier / vendor evaluation.
  • Drafts and submits requests for proposal (RFPs) for all health and welfare plans. Reviews RFP responses for reasonableness, accuracy and meeting client's requirements.
  • Negotiates with carriers on behalf of clients to ensure the best pricing available for renewals or new business offerings.
  • Performs complex data analysis and complex financial analysis.
  • Constructs detailed renewal reports, produces monthly and quarterly reports for budget tracking.
  • Researches/reviews various benchmarking sources and uses this knowledge to determine the most beneficial source for a particular client.
  • Gathers the most accurate data available and summarizes it in a usable, error-free format for the final presentation. The Plan Analyst is expected to develop a final work product that is clear, concise and accurate in a format that is easily read and understood.
  • Answers client's questions both orally and in writing. Communicates effectively both internally and externally on matters related to client work product, work in progress, market information and other projects as assigned.
  • Illustrates knowledge of carrier plans, with a primary focus on area-rated, fully-insured and self-funded medical and ancillary benefits. Attends carrier meetings to stay current on changing industry trends.
  • Develops and maintains a solid understanding of Excel, Word, PowerPoint, Access (preferred) and other tools and methods provided by the company to effectively complete work product.

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