Benefits Analyst (Hybrid)
NFP is a recognized leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor. The Benefits Analyst role involves financial analysis, modeling, and reporting for clients, including preparing reports, monitoring claims, and supporting carrier negotiations. Responsibilities Prepare financial reports on a weekly, monthly, and quarterly cadence that are inclusive of claims, budget/premium, payroll contributions, membership, high claimants and network utilization Monitor accounts for any claim trends, high amount claimants, and other emerging underwriting issues Apply underwriting principles to develop renewal projections for medical, dental and vision Complete renewal analysis and support the carrier negotiation process Complete financial modeling of plan designs, employee contributions, specific stop loss recovery analysis, and IBNR reserve analysis Conduct trend analysis Assist in performance of financial modeling of mergers, acquisitions and divestitures Assist in preparation of stop loss sensitivity analysis for self-insured clients Assist in financial analysis to aid in development of multi-year financial strategies for clients In collaboration of the Consulting Team, finalize financial analysis for client presentations Build financial models to improve financial analysis reporting and/or renewal process to deliver maximum value and efficiency Facilitate special projects as requested of the Reporting and Analytics Department Support the sales process through financial analysis Attend seminars, sales meetings or educational activities to stay up-to-date on the latest developments, trends and regulations in the market place Build and maintain solid relationships with consulting teams as well as carrier representatives Other duties as assigned Skills Strong Analytical Skills Ability to correspond on all financial issues in a clear, concise and persuasive manner Ability to effectively establish rapport, present information and respond to questions from consultants, clients and coworkers Dedicated work ethic with a commitment to client service excellence Well organized with the ability to handle several projects/clients simultaneously Strong knowledge of the group insurance marketplace including alternative funding methods and industry trends Working knowledge of carriers and products Strong knowledge of Microsoft Excel Proficiency with Power Query, Power BI and Visual Basic Less than 10% travel required Bachelors in Risk Management and Insurance, Actuarial Science, Finance, Statistics, Mathematics is highly preferred 1-3 years of related experience with an employee benefits consultant/ broker or medical insurance carrier Benefits PTO & paid holidays 401(k) with match Exclusive discount programs Health & wellness programs Company Overview NFP, an Aon company, helps companies and individuals address today’s most significant Risk Capital and Human Capital challenges. It was founded in 1999, and is headquartered in New York, New York, USA, with a workforce of 5001-10000 employees. Its website is Company H1B Sponsorship NFP, an Aon company has a track record of offering H1B sponsorships, with 7 in 2025, 2 in 2024, 4 in 2023, 10 in 2022, 3 in 2021, 1 in 2020. Please note that this does not guarantee sponsorship for this specific role.