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Benefit Plan Analyst

Company: SET SEG
Location: East Lansing
Posted on: March 13, 2023

Job Description:

Title: Benefit Plan AnalystReports To: Account Services Supervisor Location: East Lansing, MI Department: Employee Benefit Services The Benefit Plan Analyst will provide direct support to activities related to new business quoting and maintenance of renewals in all agency management systems. The Benefit Plan Analyst will collaborate with Sales and Development Specialists and Account Managers to perform financial analyses of employee benefit plans for current and prospective clients and identify potential areas for benefit cost improvement. WHO WE ARESchool Employers Trust (SET) is a non-profit company that was created after a monumental shift in school funding happened in 1965. SET, which began in 1971, served as an employee benefits association focused on offering comprehensive and affordable employee benefit solutions to Michigan public schools and their employees. Two years later, its partner organization School Employers Group (SEG) was formed to administer compensation and fringe benefits for SET. As schools were faced with more challenges related to insurance, SEG evolved and grew into a company that provides workers' compensation and property/casualty services for Michigan public schools.Today, SET SEG continues to expand -and find creative ways to meet the specialized needs of its members. This, coupled with a superior member experience, is why SET SEG has maintained its position as an industry leader in the school insurance market. We value those who proactively solve challenges, simplify the complex, thrive in a fast-paced setting, have a customer-first mentality, and seek a collaborative and inclusive work environment. We are also listed on the Business Insurance Best Places to Work. -We offer 100% employer paid insurance (medical, dental, and vision), Paid Time off (PTO), and paid parental leave.Our passion is delivering peace of mind to Michigan public schools and we look for team members who are motivated by our cause. To learn more, visit: .WHO YOU AREYou are energized by working with a collaborative team and industry peers to support Michigan public schools through their challenges. You seek understanding and are motivated to tackle projects and problems with the customer in mind. You anticipate needs and preempt challenges and concerns, delivering increasingly relevant customer experiences over time. You value a culture that is rooted in mutual respect, where you can learn from different perspectives and roles.You are a detail-oriented professional with at least two years of employee benefits work experience. You are proficient in Microsoft Excel and PowerPoint and have excellent communication skills.Primary Responsibilities:

Responsible for producing and auditing accurate and timely customer deliverables, quotes, and proposalsEnsures all customer data stored in key systems is auditedDetermines appropriate markets and prepares RFPsWorks with carriers on RFPs and renewal developmentMeets with Service Team to determine plans to quote and proposeStays abreast of carrier products, trends, and quoting practicesAssists the Manager of Employee Benefits Underwriting with department projects as neededEducates self on underwriting guidelines and product information from primary carriersAttends departmental and agency meetings as requiredNegotiates with carriers on behalf of clients to ensure the most competitive pricing is made available for new business RFPs and renewalsCompletes timely follow-up on RFP solicitations Resolves discrepancies and finalizes all RFPs with insurance carriers Prepares claims data evaluations and loss-run reporting as part of Service Team strategy Responsible for documenting financial analysis projects for clientsCompletes benchmarking evaluations as requested by Service TeamManages, tracks, and updates client account structures for reporting needsMaintains account data via regular account maintenancePerforms other duties and projects as requiredRequired Qualifications:
High School Graduate or General Education Degree (GED)Minimum two years of relevant work experience in employee benefitsProficient in Excel and Power PointExcellent written and verbal communication skillsAbility to collaborate with sales staff regarding employee benefit plans for clientsIn-depth understanding of carrier rate renewal development Regular and timely attendance is an essential job functionDesired Qualifications:
Bachelor's Degree (four-year college or technical school) in Mathematics, Finance, Accounting, Statistics or Employee BenefitsProficient in Excel V-Look Up, Pivot table, Text to Columns and Data Validation functionalities Experience with carrier quoting systems; OneSource, Rate Ease, etc. - Physical Demands / Work Environment Several hours per day at a sit/stand desk, average mobility to move around an office environment; able to spend several hours per day at a computer; travel to various locations throughout Michigan. - Punctual, regular, and consistent attendance is required. - We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.Powered by JazzHR

Keywords: SET SEG, East Lansing , Benefit Plan Analyst, Professions , East Lansing, Michigan

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