Benefits Associate (Finance)
For nearly 80 years, Segal has been providing employee benefits, retirement plan investment advisory and human resources consulting for multiemployer trust funds, corporations and public sector organizations. Segal is an independent, privately and employee-owned firm. Our independence allows us to provide unbiased consulting services for our clients. Headquartered in New York City, Segal has offices throughout the United States and in Canada. We are a smaller organization that provides a more intense and broader exposure for development purposes within a culture that is highly collegial and team-oriented. You will work with colleagues who are smart, professional, talented and...nice people. We offer a competitive pay and benefits package that includes a defined benefit and matching 401(k) retirement plans.
We are currently recruiting for a Benefits Associate to join our New York Region. Segal is a flexible hybrid organization.
The Opportunity: The candidate will enjoy client interaction, work collaboratively with a diverse audience of colleagues and clients, and has the ability and interest to travel as needed, meeting with clients and prospects. They will also enjoy learning about creative, innovative and strategic opportunities to ultimately help guide clients and colleagues around the issues and emerging developments in the employee health benefits and retirement benefits industries.
The Role: Working with our Compliance, Health, and Retirement practices, the Benefits Associate will collaborate with Senior Benefits Consultants and all staff on all aspects of client servicing including client management, project management, and new business development. You will have the secondary relationship accountability for assigned or procured clients, overall servicing responsibility, and client satisfaction. In addition to maintaining positive client relationships, you will collaborate with others across Segal to achieve technical knowledge of our service offerings and proactively provide clients with a full array of our consulting services.
Key Responsibilities:
- Providing own technical expertise on client project teams with emphasis on plan design, modeling, pricing and other financial aspects of group benefit plans.
- Attending client meetings as requested to provide technical expertise and support.
- Supporting the delivery of health and/or retirement services to include:
- pricing benefit plans,
- analysis of claims experience and existing plan design features,
- analysis of reporting and the feasibility of various funding alternatives,
- review and analysis of plan design alternatives and cost projections for benefits
improvements and/or reductions,
- development of comprehensive annual reports for clients consisting of recent,
past and projected future plan experience, income, expenses and performance of
vendors,
- analysis of the likely effects of existing or pending legislation or regulations
pertaining to group benefit plans,
- evaluation of the effectiveness of managed care networks - Researching and gathering information.
- Reviewing and analyzing work products including plan data and financial statements.
- Providing input to the development of solutions.
- Creating and updating valuation programs and spreadsheet applications.
- Assisting with report preparation and government filings.
Key Requirements:
- Minimum of an undergraduate degree
- 1-3 years of relevant experience in consulting or client benefits preferred,
- Effective interpersonal and communication (verbal/written) skills,
- Has regular client contact on routine and complex matters and has the ability to step immediately into client relationships,
- Business acumen,
- Demonstrated success as a relationship builder/collaborator,
- Proven learning agility and flexibility,
- Skill in developing ways to communicate information into actionable terms that clients will grasp and be able to act upon,
- Ability to work collaboratively with a diverse audience of colleagues and clients, and
- Ability and interest to travel as needed to meet with clients and prospects.
About Segal and its Total Rewards Program:
Segal is a privately owned, leading North American employee benefit, human resources and investment management consulting firm with over 80 years of history providing trusted advice that improves lives. Clients include public and private corporations, multiemployer trust funds, public sector entities, higher education institutions, institutional advisors, among many others.
Segal's total rewards are part of what makes Segal a special place to work. The current salary range for this position is $62,500 to $75,000 plus opportunity for a discretionary performance bonus based on company profitability and employee performance. In addition, Segal offers a comprehensive suite of benefits to include a non-contributory defined benefit pension plan, matching and discretionary contributions to a 401(k) profit sharing plan, medical and prescription benefits including contributions to a health savings account for eligible employees, dental benefits, life insurance, disability insurance, an Employee Assistance Program, wellness benefit reimbursements and rewards, and professional credential and tuition reimbursement. Segal also provides comprehensive paid time off including holidays, vacation days, sick leave, paid family leave and sabbaticals.
Join Segal:
If your qualifications align closely with what we've described, we encourage you to apply. Your unique background and skills matter because at Segal, we believe that different experiences and perspectives drive innovation and excellence. We're committed to creating a fair and transparent hiring process and all hiring decisions will be merit-driven. If you require accommodations during the interview, please let us know. Thank you for considering Segal. We're excited to learn more about you!
Please Apply…Segal is the right size, the right organization and…the right move for you! Please apply now.
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