Stop Loss Consultant

About the role

The Stop Loss Consultant supports and helps grow the Center of Excellence for Stop Loss within Marsh McLennan Agency's East Region, which serves regional, national and Fortune 500 companies with employee benefits and risk management. The consultant works with the Account and Underwriting Teams, using financial analysis and modeling tools to evaluate benefit programs and manage client risks and losses.

Key responsibilities

• Build and maintain schedules with carriers and internal teams for client renewals and data collection.
• Perform underwriting, financial and risk analysis for internal teams and their consulting clients.
• Manage the benefits marketing process: data acquisition, RFP preparation, vendor questions, proposal review and client presentations.
• Negotiate rates and plan options with insurers on behalf of clients and validate renewals and proposals.
• Intake the Stop Loss process, educate the Agency on self-funding, stop loss and captives, and track renewal positions and DTQ rates.
• Support captives quoting, claims tracking, and the annual Request for Information process for panel selection.
• Review RFP and renewal results, and help build a Center of Excellence model covering dental, vision, HSAs, FSAs and COBRA administration.
• Review current agency models and outputs and stay up to date on insurance legislation and data analysis techniques.

Required profile

• Bachelor's degree in Risk Management & Insurance, Actuarial Science, Mathematics or a related field, or equivalent experience.
• At least two years of experience in the benefits brokerage, consulting or insurance industry.
• Strong background in self-funding and stop loss underwriting.

Required skills

• Intermediate knowledge of MS Office (Word, Excel, Access, Outlook) and working knowledge of pivot tables.
• Organizational, analytical and troubleshooting skills, multitasking in a fast-paced environment, and good verbal and written communication.

What we offer

• Base salary of $71,800 to $133,700, depending on experience, skills, location and education.
• Health and welfare benefits, tuition assistance, 401K and other retirement programs, and employee assistance programs.
• Possible performance-based incentives.