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SalarySTART DATE: July 8th, 2024
The Employee Benefits Analyst Program provides in-depth training to prepare associates with technical expertise in financial analysis and benefit plan strategies. Throughout the twelve-month training program, associates join a mentorship business group, led by industry experts, to further develop skills while increasing role specific levels of responsibility.
The program also offers organized activities for participants to meet senior executives and network with team members across business lines. This includes opportunities to get involved through our USI Gives Back campaign, where each of the company’s more than 200 offices volunteer in local community service.
What You’ll Learn
You will be immersed in the fundamentals of employee benefit consulting including:
- The USI ONE Advantage® processes and best practices, a key differentiator between us and other brokerages.
Program Overview: The Employee Benefits Career Track Program provides over 950 hours of formalized training sessions and practical hands-on work experience.
- Months 1-3: 100% training
- Months 4-6: 50% training; 50% on-the-job experience
- Months 7-12: 20% training; 80% on-the-job experience
You will assist in all aspects of benefit plan financial analysis and reporting including:
- Create financial deliverables for a mixture of business segment clients.
- Utilize analytical tools, checklists, and templates to identify cost reduction opportunities.
- Request, evaluate, and illustrate insurance carrier renewals and new business proposals.
- Prepare market review analyses, funding projections, and claims utilization analyses.
- Perform technical review of insurance contracts and funding arrangements.
- Assist with the negotiation of premium rates and benefit features.
- Write client executive summaries noting observations and findings.
- Set priorities and manage workflow of a partial book of business. Ensure efficient, timely, and accurate creation of analytic deliverables and other responsibilities.
- Participate in the peer review process, primarily as the reviewed party. May also act as a reviewer. Receive assistance and guidance from team mentors.
- Keep current on industry and new product information, legislation, coverage, and technology.
- Active engagement and participation in trainings relative to the USI Career Track Program with emphasis on gaining knowledge necessary to perform Benefit Analyst role.
- Attend internal client strategy meetings.
Ideal Candidate Qualifications:
- Strong problem solving and critical thinking skills.
- knowledge of Microsoft Excel. Includes building financial tables and illustrations and working with data.
- Organizational, multi-tasking, and prioritizing skills.
- Exercise time management skills and meet deadlines.
- High attention to detail and accuracy.
- Ability to follow policies, procedures, and regulations.
- Excellent verbal, written, and interpersonal communication skills.
- Ability to work effectively, as well as independently, in a team environment.
- Demonstrate a high level of responsibility, initiative, and accountability.
Bachelor’s degree achieved between Spring ‘23 and Spring ‘24
USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.
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