[Remote] Stop Loss Consultant

Note: The job is a remote job and is open to candidates in USA. Marsh McLennan Agency is a leader in the employee benefits marketplace, simplifying health and welfare benefits for various companies. The Stop Loss Consultant role focuses on supporting the Center of Excellence for Stop Loss by collaborating with Account and Underwriting Teams, conducting financial analysis, and optimizing client benefit programs.ResponsibilitiesPartner with carriers and internal teams to build and maintain schedules for client renewal and data collection to ensure consistent and timely receiptPerform underwriting, financial, and risk analysis support for internal teams and their respective consulting clientsResponsible for clients’ benefits marketing process, such as: data acquisition, request for proposal (RFP) preparation, vendor question resolution, proposal review and analysis, and client exhibit and presentation preparationPerform the analysis and negotiation of rates and plan options with insurers on behalf of clients to secure optimal, cost-competitive benefit plansValidate renewals and proposals for accuracyWork closely with MMA Agency contacts to help intake Stop Loss process but to also educate Agency on self-funding, stop loss and captives as appropriateCoordinate with team member to understand Stop Loss RFP status and overall panel block positionsUpdate Leadership on identified trends in stop loss market including tracking DTQ rate, overall renewal positions and contractual concerns to be addressed as part of ongoing panel management conversationsSupport MMA stop loss captives quoting processReview RFP/Renewal results as requested by MMA East or local MMA AgencyHelp support Stop Loss claims tracking processHelp compile the results of the annual Request for Information process of potential Stop Loss Panel participants to determine panel selection recommendations as well as suggested changes to overall agreement to obtain optimal concessions for the Center of ExcellenceExperience and knowledge of other lines of coverage, such as Dental, Vision, Health Savings Accounts, Flexible Spending Accounts and COBRA Administration to build out a Center of Excellence Model including creation of detailed RFIs to complete market evaluationHelp review and provide best practice recommendations on current MMA East models and outputs including financial analysis, qualitative and quantitative analysis, disruption and discount analysis as needed for other lines of coverageMaintain quality service standards and organization to assure timely service to MMA East and MMA Agency teamsRemain abreast of the dynamic, competitive insurance environment, new and complex insurance initiatives, appropriate data analysis techniques and constantly changing legislation that governs businessSupport other initiatives of the Strategic Initiatives Division and Underwriting Team as neededSkillsBachelor's Degree in Risk Management & Insurance, Actuarial Science, Mathematics and/or other related field is preferred or equivalent experience is requiredMinimum of two years prior work experience in the Benefits Brokerage, Consulting, or Insurance industryStrong background in self-funding, stop loss underwriting requiredStrong organizational, analytical skills and strong attention to detailExcellent troubleshooting, decision making and problem solving skillsProven ability to support multiple projects simultaneously with attention to detail and processAbility to multi-task and work in a fast-paced environmentExcellent verbal and written communication skillsAbility to prioritize projects and meet deadlinesAbility to follow through on and successfully execute tasks while adhering to specified quality standardsMust be able to effectively interact with people internal and external customersIntermediate knowledge of MS Office Suite (Word, Excel, Access, Outlook), working knowledge of pivot tablesBenefitsPerformance-based incentivesHealth and welfare benefitsTuition assistance401K savings and other retirement programsEmployee assistance programsCompany OverviewAt Mercer, A Marsh business, we’re helping our clients realize their investment objectives, shape the future of work, and enhance health and retirement outcomes for their people. It was founded in 1945, and is headquartered in Los Angeles, California, USA, with a workforce of 10001+ employees. Its website is https://www.mercer.us.Company H1B SponsorshipMercer has a track record of offering H1B sponsorships, with 1 in 2026, 16 in 2025, 22 in 2024, 19 in 2023, 33 in 2022, 29 in 2021, 20 in 2020. Please note that this does not guarantee sponsorship for this specific role.