Benefits Analyst

Location: Troy, MI

Employment Type: Full-Time

Salary: $60,000-80,000 (with some wiggle room for extensive industry experience)

About the Opportunity: A well-established, independent employee benefits and insurance consulting firm located in Troy, MI is seeking an Employee Benefits Financial Analyst to join its growing team. The organization partners with employers to design, evaluate, and manage employee benefit programs, combining analytical expertise with a highly consultative approach to client service. This position will work closely with internal advisors, insurance carriers, and clients to analyze benefit programs, evaluate market options, and develop strategies that balance competitive benefits with clients' financial objectives.

Important: Despite the Benefits Analyst title, this is not a traditional corporate finance, FP&A, accounting, investment, actuarial, or pension position as this is an employee benefits insurance role focused on carrier quoting, plan design comparisons, renewal analysis, claims data, underwriting coordination, and benefits strategy.

What You'll Do: Manage Underwriting & RFPs: Own the benefits underwriting process, including census data, carrier RFPs, quotes, market comparisons, plan design analysis, negotiations, and recommendations. Analyze Benefits & Financial Data: Review claims, utilization, renewals, and healthcare trends; model employer/employee contributions and identify cost-management opportunities. Support Client Renewals: Partner with advisors to evaluate renewal options, develop benefits strategies, and participate in client renewal meetings. Stay Current: Monitor carrier offerings, healthcare trends, regulations, and other developments impacting employee benefit plans. Maintain Documentation: Accurately track client, carrier, and renewal activity within agency management and CRM systems. Collaborate Across the Team: Work closely with advisors, account management, carriers, and clients while supporting retention, prospecting, and special projects.