Market Analyst
Richmond, VA - USA
Job Summary
Employee Benefits is the core of our business and at our heart we are a people-focused organization. Every day we help over 100000 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
- Bachelors 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 $75000 to $85000 per year.
Your base pay is dependent upon your skills education qualifications professional experience and addition to base pay some roles are eligible for variable compensation commission and/or annual bonus based on your individual performance and/or the companys performance. We also offer eligible employees health wellbeing retirement and other financial benefits paid time off overtime pay for non-exempt employees and robust learning and development programs. You will receive reimbursement of job-related expenses per the company policy and may receive employee perks and discounts.
To learn more visit: is an equal opportunity employer. Not only as a matter of standard but to honor and celebrate our differences. We believe that the power of ONE starts with you. We are committed to cultivating and preserving a culture that celebrates diversity insists on equity and inclusion and connects us. Ensuring our people feel seen valued respected and supported is fundamental to our core values and business goals.
OneDigital provides equal employment opportunities to all employees and applicants for employment regardless of their: veteran status uniformed servicemember status race color religion sex sexual orientation gender identity age (40 and over) pregnancy (including childbirth lactation and related medical conditions) national origin or ancestry citizenship or immigration status physical or mental disability genetic information (including testing and characteristics) or any other category protected by federal state or local law (collectively protected characteristics). A copy of the Federal EEO poster is linked here.
Pursuant to local Fair Chance Ordinances we will consider qualified applications with arrest or conviction records for employment. For applicable candidates the following ordinances are linked here to inform you of your rights as an applicant:
City and County of San Francsico
Employment decisions shall comply with all other applicable federal state and city/county laws prohibiting discrimination in employment. OneDigital complies with all criminal history inquiry or ban the box laws in California Connecticut Colorado Hawaii Illinois Maine Maryland Massachusetts Minnesota New Jersey New Mexico Oregon Rhode Island Vermont and Washington.
In short we believe in hiring the most qualified applicant for the position regardless of background.
If you have questions about our hiring policies and practices we would be happy to discuss upon receiving your application. We hope to welcome you to OneDigital and look forward to hearing from you.
OneDigital understands the immense responsibility and opportunities provided by Artificial Intelligence. We utilize advanced Artificial Intelligence AI technologies to enhance our recruitment process. This includes using AI to filter candidates based on their qualifications and to rediscover potential candidates from our existing applicant pool. Our AI systems help us efficiently identify the best fit for our open positions ensuring a streamlined and effective hiring experience. However AI does not replace the humans in our process. If you have concerns about our use of AI you may opt out where laws allow.
Thank you for your interest in joining the OneDigital team!
Required Experience:
IC
About Company
Insurance, employee benefits, HR and financial services for businesses and individuals to manage risk, control costs, and plan for long-term success.