Financial Analyst - Employee Benefits (Hybrid)

Aon is hiring a Financial Analyst - Employee Benefits (Hybrid). It pays $70k-$90k a year and Level rates it ; you can apply on Aon.

Level's read on this job

Little AI ●○○○ is how Level rates this finance role: aI is not part of the work.
Level classes it as a mid-level role.
Aon has 1,000+ other open roles on Level.
Posted within the past two weeks.

AI in this role

Posting Description Who We Are: NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance who has also earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine and the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com. Join our dynamic Employee Benefits team in a pivotal support role that combines analytical prowess with client-focused service. As a key member of the team, you will engage in daily data analysis and reporting, tailored to meet the unique needs of our clients. Your responsibilities will include managing and meticulously reviewing vendor reports to ensure accuracy, creating comprehensive client-specific reports that provide valuable insights, and participating in meetings to discuss findings and strategies. This role is ideal for detail-oriented professionals passionate about data-driven decision-making and exceptional client service. Essential Duties and Responsibilities: Build new financial models to improve financial analysis reporting and/or renewal process Collaborate with Unit Leader to build, develop and implement processes and procedure for maximum value and efficiency Quality review/proof exhibits prepared by analysts for mathematical, formulaic, spelling, grammatical and branding errors and ensure the exhibits are client ready Lead financial analysis and develop high-level, multi-year financial strategies for clients Make recommendations to clients regarding financial issues including appropriate renewal rating, cost drivers, plan design changes and funding methods Prepare and lead clients discussions around weekly, monthly, and quarterly financial reports that are inclusive of claims, budget/premium, payroll contributions, membership, high claimants and network utilization Develop and present to clients renewal projections for medical, dental and vision Complete renewal analysis and support the carrier negotiation process Prepare renewal financial summary Perform financial modeling of plan designs, employee contributions, specific stop loss, incurred claims and the financial impact of potential mergers, acquisitions and divestitures Perform IBNR reserve analysis Prepare and present stop loss sensitivity analysis for self‐insured clients Facilitate special projects as requested of the Data Analytics and Reporting Unit Support the sales process through financial analysis and present to clients upon request 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 clients as well as carrier sales representatives and consultants Knowledge, Skills and/or Abilities: 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 BI and Visual Basic Travel required as needed Education and/or Experience: Four-year college or university degree. Finance/Statistics/Mathematics, Risk Management, Actuarial Science, or related studies is highly preferred. 3+ years of experience in an Analytics or Financial role preferred What We Offer: We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $70,000 – $90,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. NFP and You... Better Together! NFP is an inclusive Equal Employment Opportunity employer. #LI-JS3 #LI-JS3 #NFP ACCOU014669

How we rate this

Financial Analyst - Employee Benefits (Hybrid) at Aon rates 36 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

●●●● Builds AI80 to 100
●●●○ Works on AI60 to 79
●●○○ Uses AI40 to 59
●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.