Website Allied Benefit Systems
SENIOR REVENUE ANALYST
POSITION SUMMARY
The Senior Revenue Analyst is responsible for deep analysis of current and historical claims data for prospective/current client engagements.
The Senior Revenue Analyst is responsible for deep analysis of current and historical claims data for prospective/current client engagements.
KEY RESPONSIBILITIES
- Perform in-depth analysis of claim data to provide strategic insights for prospective/current client health plans. Work closely with sales/retention and marketing teams to support data-driven decisions and client acquisition/retention strategies.
- Review and prepare new business proposals, ensuring competitive and accurate pricing of Allied’s products and services. Maintain comprehensive knowledge of all Allied product offerings.
- Oversee the strategic placement of stop loss coverage, ensuring optimal risk management and financial protection for both Allied and its prospective/current clients. This involves assessing risk thresholds, determining appropriate coverage levels, and negotiating terms with external underwriters to secure advantageous positions that align with prospects needs and company objectives.
- Negotiate terms of new business prospects / current clients including rates, factors, and contract terms. Manage specific relationships with vendor partners, including stop loss vendors and network providers, to enhance service offerings and operational excellence.
- Provide network analysis for new/renewal business prospects, collaborating with stop-loss partners to share network claims data for appropriate pricing strategies. Partner with the Sales Executive/Client Executive for sales/retention and marketing engagements, fostering strategic external and cross-departmental relationships.
- Continue developing specialized knowledge in group medical stop loss reinsurance and underwriting principles, aiming to continuously improve the strategic approach to client engagements.
EDUCATION
- Bachelor’s degree or equivalent work experience required.
EXPERIENCE & SKILLS
- Minimum of 3-5 years of experience in an analytical role (data analyst, financial analyst, business analyst, etc.) required.
- Group Health Insurance and/or Stop Loss experience required.
- Microsoft Access experience a plus.
- Excellent verbal and written communication skills.
- Excellent organizational skills and attention to detail.
- Strong analytical and problem-solving skills.
- Ability to function well in a high-paced and at times stressful environment.
- Excellent time management skills with a proven ability to meet deadlines.
- Ability to work within a team and a collaborative environment.
- Ability to self-audit.
- Medical Stop Loss Underwriting experience a plus.
- Advanced experience with Microsoft Office Suite (Word, Excel, PowerPoint, and Dynamics)
POSITION COMPETENCIES
- Job Knowledge
- Time Management
- Accountability
- Communication
- Initiative
- Customer Focus
PHYSICAL DEMANDS
- This is a standard desk role – long periods of sitting and working on a computer are required.
WORK ENVIRONMENT
- Remote
The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.