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Digital Insurance LLC
Market AnalystDigital Insurance LLC • Bethesda, MD
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Market Analyst

Market Analyst

Digital Insurance LLC • Bethesda, MD
30+ days ago
Salary
$75,000.00 yearly
Job type
  • Full-time
Job description

Employee Benefits is the core of our business and at our heart we are a people-focused organization. Every day, we help over 100,000 employers give their employees peace of mind by providing health, pharmacy, long and short-term disability, vision, dental and other insurance solutions. What makes us unique is that we can surround our clients with more services and more technology-based tools and a team of advisors that simply cares more than anyone else.


If you want a career giving people the reassurance that they can have access to the health care they need for themselves and their loved ones, join OneDigital.

Our Newest Opportunity:

Summary:

The Market Analyst supports important aspects of financial analysis related to clients’ group benefit programs. The Market Analyst works collaboratively with Account Manager(s) and Benefits Consultant(s), who will direct client deliverables. The Market Analyst may attend some client meetings to present financial analysis and observations.

Essential Duties and Responsibilities (include but are not limited to):

  • Drafts accurate exhibits for quarterly and annual client meetings
  • May assist the Benefit Consultant with carrier negotiation process
  • May mentor junior team members
  • Drafts monthly reporting deliverables for clients.
  • Reviews client utilization reports using various reporting methods (i.e. carrier data, analytics platforms such as Springbuk)
  • Drafts cost projections for renewals and benefit plan offerings.
  • Calculate Actuarial Values to price out plan design changes requested by the client team
  • Drafts Incurred But Not Reported (IBNR) reserves analysis
  • May assist with contribution analysis
  • Analyzes industry benchmarks and drafts information for the client to show their competitiveness in the industry.
  • Develops working relationships with carrier partners
  • Maintains accurate, current, organized, and complete market information in internal databases
  • Assists team and clients as necessary with special projects

Qualifications, Skills and Requirements:

  • Ability to analyze data and recognize analytical patterns
  • Strong verbal and written communication skills
  • Ability to effectively handle multiple and changing client priorities and deadlines
  • Ability to effectively present data
  • Excellent interpersonal skills
  • Ability to thrive in a fast paced environment

Education, Training and Experience:

  • 3 to 5 years of experience
  • Bachelor’s degree, required; Business, Finance, Math, Accounting or related field, preferred
  • Proficient in all Microsoft Office products, required
  • Intermediate to advanced proficiency in Microsoft Excel, required;
  • Experience in the healthcare industry working for a group insurance carrier, broker or consultant, preferred
  • Knowledge of group insurance including medical, dental, CDHP, pharmacy, life and disability products, preferred
  • Experience with database applications, a plus.

The typical base pay range for this role nationwide is $75,000 to $85,000 per year.

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Market Analyst • Bethesda, MD

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