Life Benefit Solutions
Finance / FinServ
BenefitsAnalyst
Neural analysis suggests this role is
optimal for Mid candidates.
“Benefits Analyst at Life Benefit Solutions. Skills: Group Insurance, Retirement Planning, Financial Analysis. Manage and support group insurance & retirement clients. Provide group benefits consulting support”
Industry & Context.
Effective problem-solving and decision-making capabilities; Investigate and assist with resolving ad hoc claims and coverage issues for clients
What They're Looking For.
Must Have
5 years' experience as an analysis in the group benefits space, Knowledge of Canadian benefits industry, group benefits financial underwriting requirements for all types of employee benefits plans, Proficiency in Microsoft Office, Advanced competency with Microsoft Excel, Proficiency with Word, PowerPoint and Outlook, analytical skills, written and verbal communication skills
Nice to Have
CEBS designation, Experience in group insurance, pension/retirement, or a related field
What You'll Do.
Manage and support group insurance & retirement clients
Provide group benefits consulting support
Design and financial management for clients
Contribute to design and management of benefits
Conduct annual renewal analysis and negotiations
Prepare client reports and presentations
Review financial statements for accuracy
Gather data and determine cost impact
Support business development and account management
Prepare documents for client presentations
Conduct plan design benchmarking studies
Review benefits documentation for accuracy
Prepare detailed plan design documents
Investigate and resolve ad hoc claims issues
Assist with resolving coverage issues
How You'll Work.
Team & Collaboration
Work closely with internal business development, client management and leadership teams; Interface with vendors; Support client deliverables; Build relationships with clients, carriers, and internal, cross-functional teams; Work as part of a team
Communication Scope
Excellent communication skills, both written and verbal; written and verbal communication skills
Process & Methodology
Ability to multitask, prioritize, meet deadlines
Full Job Description
We are looking for a Benefits Analyst to join our dynamic team of high-achieving professionals dedicated to delivering an exceptional client experience. As a Benefits Analyst, you'll play a key role in managing and supporting a portfolio of Group Insurance & Retirement (Pension) clients. You will provide group benefits consulting support, including design and financial management for our existing client block and prospective clients. The Benefits Analyst will work closely with internal business development, client management and leadership teams, interface with vendors, support client deliverables, and ensure quality standards are met. We strongly encourage First Nations and Indigenous applicants to self-declare in your cover letter. ### ### # **The Benefits Analyst will:** * Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients. * Annual renewal analysis and negotiations with carriers; prepare client reports and presentations. * Experience reporting, budget projections and reviewing financial performance plans. * Review financial statements for accuracy and adherence to underwriting agreements. * Conduct marketings; including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report. * Gather data and determine cost impact for plan design changes. * Support the business development consultants and account management teams in preparing documents for client presentations, RFP’s and client meetings. * Participate in industry conferences, seminars, etc. to keep abreast of industry trends and activities. * Build relationships with clients, carriers, and internal, cross-functional teams. * Conduct plan design benchmarking studies. * Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy. * Prepare detailed plan design documents using Microsoft Word, Excel and PowerPo
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