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Digital Insurance LLC

Benefits Consultant

Career Insights for Compensation / Benefits Specialist

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Based on Ohio data

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What they do

A Compensation or Benefits Specialist evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.

$64,823 / year median in Ohio

+4% projected growth

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Job Description

Employee Benefits is the core of our business and at our heart we are a people-focused organization. Every day, we help over 100,000 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 Benefits Consultant is primarily responsible for retaining clients and their existing book of business. The consultant will oversee strategy, financial analysis, benefit design, plan renewals, benchmarking, and overall service delivery. They will also effectively communicate OneDigital's value proposition and latest industry trends to active clients. Essential Duties and Responsibilities (include but are not limited to): Develops sophisticated benefit design and renewal strategies and drives the development of solutions to address complex client issues Works closely with account management and/or client service teams on pre-renewal strategy, RFP distribution, SPR's, open enrollment strategy and post renewal analysis Determines the full scope of services to be provided to client Clearly establishes and communicates timelines with the client service team(s) and keeps them apprised of changes and renewal updates Maintains accountability for revenue and profitability for client accounts and projects and keeps all involved parties up to date Monitors the success of projects in terms of scope, budget, timeliness and client satisfaction Oversees the on-boarding of new clients by working collaboratively with client service team(s) to establish the implementation plan, team and timeline Ensures client service team(s) exceeds client expectations Grows book through cross-selling opportunities Cultivates and maintains strong relationships with clients and carriers Establishes effective carrier/vendor relationships to serve clients in benefits procurement and administration Attends carrier events to remain up to date and knowledgeable of carrier plans and changes, as well as maintain strong relationships Maintains a full understanding of the insurance markets, funding alternatives, networks and benefit plan options Ensures accuracy of client data in CRM Remains fully knowledgeable on compliance issues governed by legislation and regulations impacting employer sponsored health and welfare plans such as HIPAA, ERISA, Tax Code SEC 125, PPACA and state sponsored health insurance exchanges Champion convergence initiatives among various verticals within OneDigital, nurturing relationships and innovating ideas that foster business development opportunities and enhance client retention.
Qualifications, Skills and Requirements:
Ability to influence and effectively interact with members of the C-suite Strong attention to detail Must be self-motivated and disciplined Excellent written and verbal communication skills Strong organizational skills Ability to manage one's workload Ability to thrive in fast-paced environment
Education, Training and Experience:
3+ years' of benefits consulting experience, required Bachelor's Degree, preferred Must be up to date and knowledgeable on Health Care Reform and health and ancillary insurance products Must have a practical knowledge of quoting process and tools Must be proficient in Microsoft Excel and familiar with database applications Valid life and health insurance license, required
Other:
License required Book Under Management (BUM)

Benefits

  • Health Insurance
  • Dental Insurance
  • Disability Insurance