Job description
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
It's an exciting time to join Brown & Brown! Our business is growing both in North America and internationally which emphasizes the need to build an unparalleled team that promotes future growth. We're excited to continue solidifying that foundation as we are looking for an Employee Benefits Marketing Analyst to join our growing team in Tallahassee, Florida.
Who We Are: Brown & Brown, Inc. is a growing global insurance brokerage firm delivering risk management solutions and services since 1939. Our unique culture is built on honestly, integrity, innovation and discipline and defines who we are and how we treat our customers, teammates and the communities we serve. We think of ourselves as a team, so we have teammates-not employees. We prioritize health, family, and business-in that order. We embrace and celebrate diversity, always striving to be an inclusive place where you have the power to be yourself. Traded on the New York Stock Exchange as BRO, Brown & Brown is a big company that doesn’t act like one.
Who We Are Looking For: We are looking for passionate team players who believe in working hard and having fun in a collaborative environment. Our team is customer-focused and values the importance of strong relationships, professionalism, and trust. We embrace solutions-oriented big thinkers who are committed to results and aren’t afraid to take risks. We are driven to set goals high and aim even higher.
General Responsibilities:
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Track all renewals, schedule potential marketing activity and coordinate with Account Executive.
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Prepare analyses in accordance with client service calendar financial meetings (e.g. post renewal, mid-year review, pre-renewal, renewal). Analyses may include but are not limited to:
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Market review analysis
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Renewal rate and funding projections and modeling
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Analysis of claims utilization
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Rate and contribution analysis
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Benchmarking
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Financial funding analysis (e.g. fully insured vs self-funded)
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IBNR and claims lag analysis
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Multi-year analysis to develop alternative strategies, plan modeling and cost reduction opportunities.
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Technical analysis of group insurance contracts and financial arrangements.
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Request applicable claims reports.
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Consult with Producer and Account Executive on a quoting or negotiation strategy. If quoting is appropriate - decide benefit designs and which carriers to quote.
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Agree on a timeline with Producer and Account Executive for everything involving the marketing process and monitor closely. Maintain constant communication with the Producer and Account Executive regarding progress and keep them informed if the process is off track.
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Prepare a census template and a complete list of other information needed from client for the quoting process.
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The assigned Account Executive is responsible to collect all of the information needed to complete quote requests but the Benefit Analyst is responsible to recast or reformat the information to accommodate carrier requirements.
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Assemble and distribute RFQ to carriers.
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Negotiate with incumbent and other carriers to achieve maximum value for client.
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Review renewal offers and quotes with Account Executive and Producer, agree what will be shown to client and prepare presentation.
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Responsible for keeping policy lines in BenefitPoint up to date with accurate plan type, plan name, renewal dates, benefit summaries, rates, commission and eligibility.
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Renew and update Policy Lines in BenefitPoint per groups renewal decision with required policy line information (plan type, plan name, renewal dates, benefit summaries, rates, commission and eligibility).
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Responsible for the financial analytics for clients that are over 100 lives, as well as those that are self-funded and level funded.
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Act as a resource for Benefit Producers and Account Executives to develop strategic plans and solutions for clients and prospects.
Required Qualifications:
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2+ years’ experience in Employee Benefits
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High school graduate. College degree preferred, but not required
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Must hold state insurance license or be willing to obtain one within 3 months of hire
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Strong written, oral and interpersonal communication skills
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Keep informed regarding industry information, new product information, legislation, coverage and technology to continuously improve knowledge and performance
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Interact with others effectively by utilizing good communication skills, cooperating purposely and providing information and guidance, as needed, to achieve business goals of the company
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Strong functional knowledge of MS Office products to include Word, PowerPoint and Excel, particularly in creating, formatting and evaluating formulas and working with templates
What we offer:
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Excellent growth and advancement opportunities
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Competitive pay based on experience
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Paid Time Off (PTO)
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Generous benefits package: health, dental, vision, 401(k), etc.
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Employee Stock Purchase Plan
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Tuition Reimbursement and Student Loan Repayment Assistance
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Mental Health Resources
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
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