Benefits Financial Consultant – Employee Health & Benefits

Marsh McLennan

Benefits Financial Consultant modeling medical and pharmacy costs for Marsh McLennan Agency. Advising clients on employee health-benefit strategies, renewals, claims, and funding.

Posted 9/8/2026full-timeSioux Falls • Iowa, North Dakota, South Dakota, Wisconsin • 🇺🇸 United StatesMid-LevelSenior💰 $112,200 - $209,100 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates strong analytical abilities in evaluating medical and pharmacy expenses, developing benefit plan recommendations, and utilizing data analytics for decision-making. Proficient in creating models and tools for accurate forecasting and trend analysis while maintaining confidentiality and fostering productive relationships with stakeholders.

Highest-signal resume keywords

Analytical AbilityData Analytics IntegrationModel DevelopmentBachelor's Degree in MathematicsInsurance License

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Utilization AnalysisCost Driver AnalysisClaim ProjectionsTrend AnalysisModeling Tools DevelopmentIBNR Reserve PredictionBenefit Plan DesignForecast Updating

Soft Skills

Relationship BuildingSelf-DirectedAdaptabilityMotivationWork Ethic

Tools & Technologies

Spreadsheets

Certifications & Qualifications

ASA DesignationActuarial Exam Completion

Industry Keywords

Employee BenefitsInsurance UnderwritingActuarial ScienceConfidentialityBenefit Plan Renewals

About the role

Key responsibilities & impact

Analyze utilization and unit cost drivers of medical and pharmacy expenses
Develop recommendations related to plan designs, contributions, and types of care and providers
Provide in-person and virtual consultation to clients regarding employee benefits program strategies
Prepare claim projections and trend analyses for larger clients
Track claims, update forecasts, and compare funding mechanisms
Review and/or prepare annual benefit plan renewals
Interact with insurance carrier underwriting and actuarial personnel regarding ratings and premiums
Develop modeling tools and spreadsheets for benefit-plan decision-making
Develop models to predict IBNR reserve patterns with greater accuracy and reduced variance
Assist with integrating data analytics for disability, life, and other benefits
Act as an analytical resource for team members

Requirements

What you’ll need

Bachelor's degree in mathematics, statistics, economics or a similar field
In process of obtaining ASA designation
Exceptional analytical ability demonstrated through coursework and experience
Ability to form productive working relationships with team members, decision makers, and insurance carrier personnel
Energetic and self-directed, with strong commitment, motivation, work ethic, initiative, and follow-through
Adaptable and able to change priorities and multitask regularly to meet deadlines
Experience implementing new processes to improve company efficiency and effectiveness
Ability to maintain strict confidentiality regarding client and company data and information
Successful completion of at least one actuarial exam is a plus, but not required
ASA designation is a plus, but not required
Insurance license required within 6 months of hire