IMA Financial Group, Inc.

Senior Financial Consultant – Employee Benefits Data & Insights

IMA Financial Group, Inc.

full-time

Posted on:

Location Type: Remote

Location: California • Colorado • United States

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Salary

💰 $100,000 - $140,000 per year

Job Level

Senior

About the role

  • Supports and demonstrates IMA’s core values
  • Values and understands the importance of diversity, equity, and inclusion among all IMA associates
  • Interacts professionally and timely with internal and external clients via email, phone and in-person
  • Regularly identifies opportunities to ensure quality standards, including implementation of best practices and peer review standards
  • Interacts with client executives and client managers to ensure work quality across all functions
  • Participates in and leads national initiatives, including development of tools and templates, documentation, and best practices
  • Assists with national and local office meetings, communicating information and updates
  • Leads complex technical work and strategic financial consulting regarding employee benefit plans
  • Communicates technical analysis to clients regarding cost projections, savings opportunities, and proper risk management
  • Drives local process improvements and supports innovation
  • Supports national initiatives to develop and maintain strategic underwriting and financial strategy tool development
  • Utilizes actuarial modeling tools in support of client work across the local book of business
  • Prepares and manages RFP for all self-funded TPA and stop loss submissions to market with Client Executive direction
  • Collects, manages, and reviews proposals on self-funded TPA and stop loss marketing events
  • Updates marketing results into spreadsheet ensuring accuracy to be used internally and in client presentation
  • Initiates review of fully insured medical, and self-funded TPA and stop loss renewals, including plans, cost, contributions and contract terms
  • Leads recommendations to client regarding renewal analysis
  • Utilizes actuarial models to assess changes to risk and plan structure
  • Negotiates with carriers based on client’s targeted goals
  • Maintains ongoing relationships with carrier and vendor partners
  • Provides analysis for benchmarking, contribution, disruption, network, stop loss deductible and GeoAccess analysis
  • Provides and communicates underwriting cost projections for self-funded medical/Rx, dental, and vision products
  • Develops and communicates self-funded IBNP analysis to client
  • Assesses proper risk and funding structures such as fully insured vs. self-funded analysis, and presents findings to client to align with client goals
  • Analyzes data for inconsistencies and trends
  • Provides a written and oral summary of findings to Client Executive, and directs strategic considerations for managing cost
  • Builds and customizes reports to fit client needs
  • Prepares client presentations and presents in front of client as part of team with Client Executive, Client Manager, and various subject matter experts
  • In all aspects of client relationships, mentors financial strategists to support associate growth and local expertise development in emerging markets
  • Serves as a subject matter expert for specific financial strategy functions, and leads local process improvements
  • Serves as experienced peer reviewer, ensuring standards of practice and work quality standards are met

Requirements

  • 8+ years of similar or related experience
  • Prefer college graduate, 4-year degree or equivalent experience
  • Proficiency with MS Office Suites
  • Attains Life and Health license & maintains through continuing education requirements
  • Limited travel required (less than 25%)
  • Understands concepts of underwriting and actuarial computations
  • Analyzes and interprets data
  • Effectively manages multiple projects while meeting timelines
  • Ability to be firm and persuasive when needed, while maintaining good relationships
  • Handles confidential information with tact and discretion
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
actuarial modelingunderwritingdata analysisfinancial consultingrisk managementcost projectionsself-funded analysisproposal managementreport customizationpeer review
Soft Skills
communicationmentoringproject managementrelationship managementpersuasivenesstactdiscretionleadershipteam collaborationstrategic thinking
Certifications
Life and Health license