Financial Analyst

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 regarding financial issues including appropriate renewal rating, cost drivers, plan design changes and funding methods

Prepare and lead 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 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.

2+ 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!