Employee Benefits Data Analyst Job at Stephens, Little Rock, AR

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  • Stephens
  • Little Rock, AR

Job Description

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Data Management
    • Implement strategies and standards to improve data warehousing and reporting processes.
    • Manage data collection procedures across clients, vendors, and team members.
    • Facilitate data exchanges between carriers and vendors.
    • Create and execute data validation and auditing practices to ensure data quality.
  • Analysis
    • Organize and sort complex datasets.
    • Analyze and interpret trends using statistical and visualization tools (Excel, Microsoft Power BI, R Studio, Python, etc.)
    • Conduct health plan analytics, including:
      • Claims utilization, trend, and lag analyses
      • Rate and contribution analysis
      • Financial funding analysis
      • Renewal rate and funding projections and modeling
      • Benchmarking
      • IBNR reporting
    • Utilize analytical tools to develop alternative strategies, plan modeling, and cost reduction opportunities.
    • Perform technical analysis of group insurance contracts and financial arrangements.
  • Reporting
    • Translate analysis into clear and compelling dashboards, presentations, and reports.
    • Assist in the development of actionable, non-technical recommendations based on analytical insights.
    • Prepare ad hoc reports for client teams and clients.
    • Meet with clients to discuss quantitative reports.
    • Perform other tasks as assigned by management.

EDUCATION AND/OR EXPERIENCE

  • Bachelor's degree in a related field.
  • 5+ years of related experience in data analytics, underwriting, and/or benefit design.
  • Equivalent combination of education and experience.

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