[Remote] Specialty Benefits Analyst - Stop Loss (Remote)

Note: The job is a remote job and is open to candidates in USA. CareFirst BlueCross BlueShield is a health insurance provider, and they are seeking a Specialty Benefits Analyst to support sales activities by creating Stop Loss insurance proposals. The role involves analyzing market information, securing quotes from vendors, and ensuring comprehensive coverage for clients' needs.

Responsibilities

• Works with external stop-loss vendors to secure quotes for new TPA and CareFirst business
• Analyzes census data, shock reports and claims history for current TPA and CareFirst groups to evaluate current Stop Loss coverage and develop proposal for the group renewal
• Analyzes quotes from insurance carriers, and ensures that quoted groups receive appropriate and competitive coverage based on group needs and industry trends
• Consults with insurance carriers to understand differences between requested and provided quotes, clarifies group needs and ensures carriers provide competitive quotes with appropriate coverage levels
• Analyzes quote term differences, makes recommendations and creates Stop Loss proposals in collaboration with the appropriate TPA and CareFirst sales teams
• Accurately enters all stop loss quote and proposal information into Salesforce and ensures correct stop loss illustration is sent to brokers and/or groups
• Creates and maintains the accuracy of Stop Loss content for documents and collateral provided to internal and external customers
• Ensures the accuracy of current information, and updates with new marketing information as insurance trends change
• Develops and maintains internal documents and reports as needed including Salesforce reporting and Standard Operating Procedures (SOP's)
• Ensures the accuracy of schedules of insurance, policies, and contracts with attention to detail and thorough understanding of contingencies
• Builds and maintains favorable relationships with CareFirst sales and TPA Account Management staff and proactively reaches out to account management team for upcoming group renewal information
• Tracks and manages receipt of signed rates prior to effective date of coverage and ensures the information is provided to the Finance teams
• Reviews stop loss cases with management/Sr. Analyst as appropriate and ensures that proposed proposal recommendations meet client needs

Skills

• Bachelor's Degree OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience
• 3 years experience in the health insurance/healthcare industry, with knowledge of benefit products and self-funded rating arrangements
• Must have the ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
• Ability to run reports, business correspondence, and procedure manuals
• Ability to successfully manage multiple projects, tasks and priorities
• Ability to be thorough while maintaining efficiency and accuracy
• Demonstrated knowledge and understanding of stop loss
• Ability to analyze essential facts, make timely and sound decisions, make recommendations and resolve performance and job-related issues
• Demonstrated desire to share knowledge and work as a team
• Must be eligible to work in the U.S. without Sponsorship
• Previous experience in a business analyst capacity for a health care organization
• Previous experience working with stop loss
• Previous experience in the self-funded market

Benefits

• CareFirst offers a comprehensive benefits package
• Various incentive programs/plans
• 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements)

Company Overview