Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Health & Welfare Benefits Financial Analyst
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, New York, New York, us, 10261
Health & Welfare Benefits Financial Analyst
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Health & Welfare Benefits Financial Analyst
role at
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Base pay range: $95,000.00/yr – $105,000.00/yr
Responsibilities
Support the financial planning and development of benefit plans including medical, dental, vision, life, and disability.
Participate in the financial tasks associated with benefit program planning including rate setting, forecasting, and impact to P&L and balance sheet.
Update budget spreadsheets and maintain all related financial accounting and reconciliation data including collecting data from internal and external resources, maintaining census information, premium and claim spreadsheets and related reports.
Analyze monthly claims tracking reports for self-insured plans including paid claims and fixed costs.
Develop self-insured medical plan trend reports using carrier databases.
Maintain budgetary spreadsheets and financial accounting data including annual/monthly carrier premium claim spreadsheets, census data, departmental budget spreadsheets.
Review and reconcile carrier invoices and facilitate payment of invoices.
Analyze trends and assist in developing recommendations for plan design and contributions identifying savings opportunities to control costs.
Conduct auditing functions to ensure data accuracy and integrity.
Support day‑to‑day project management by coordinating scheduling of meetings with carriers and brokers, maintaining records and notes, tracking take‑away items, following up with stakeholders for associated items.
Work with brokers and consultants to support management of third‑party vendor relationships to ensure efficient administration of all benefit plans.
Support annual renewal processes for all health and welfare benefit plans and programs including guiding renewal timelines, analyzing proposals and negotiating pricing and contract terms, developing budget and financial analysis spreadsheets presented to senior leadership.
Assist in reviewing benchmark data to identify industry and competitor trends and support research of best practices using market surveys, networking, and other sources to recommend competitive and cost‑effective benefit packages.
Anticipate and meet partner and employee needs in a timely and professional manner.
Perform other duties as assigned.
Qualifications
Knowledge of firm operation, policies and procedures.
Attention to detail and data accuracy.
Works well independently, takes initiative and works well with limited supervision.
Strong written communication skills including grammar and proofreading ability.
Ability to synthesize, interpret and summarize information in a clear, concise manner.
Highly organized, able to work well under pressure and manage multiple high‑priorities in a fast‑paced environment; flexible and adaptable.
Strong computer skills; high proficiency in MS Word and expert level MS Excel skill set, HR systems, database systems.
Strong skills in data mining, manipulation, and analysis.
Knowledge of laws and regulations impacting employee benefits.
Knowledge of payroll and accounting functions as they relate to benefits.
Proficient in mathematical and accounting principles, general ledger, budgeting and budget variance analysis.
Keeps matters confidential.
Strong customer service and interpersonal skills.
Team player; deals courteously/effectively with others.
Flexibility to adjust hours to meet operating needs.
Education and Experience
Minimum of three (3) years of related experience.
Self‑insured health plan financials experience required.
Workday experience preferred.
Compensation Base salary: $95,000 – $105,000 per year. Actual salary will be determined based on skills, experience and other job‑related factors, consistent with applicable law.
Benefits
Competitive salaries and year‑end discretionary bonuses.
Comprehensive health care (medical, dental, vision), savings plan/401(k) and voluntary benefits.
Generous paid time off.
Paid leave options, including parental.
In‑classroom, remote, and on‑demand learning and professional development opportunities.
Robust well‑being classes and programs.
Opportunities to give back and make an impact in local communities.
Work Visa Skadden will not sponsor applicants for work visas for this position.
Equal Opportunity Employer Skadden is an Equal Opportunity Employer (Disability/Vet/other protected categories). For more information, please visit Skadden.com/careers.
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Health & Welfare Benefits Financial Analyst
role at
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Base pay range: $95,000.00/yr – $105,000.00/yr
Responsibilities
Support the financial planning and development of benefit plans including medical, dental, vision, life, and disability.
Participate in the financial tasks associated with benefit program planning including rate setting, forecasting, and impact to P&L and balance sheet.
Update budget spreadsheets and maintain all related financial accounting and reconciliation data including collecting data from internal and external resources, maintaining census information, premium and claim spreadsheets and related reports.
Analyze monthly claims tracking reports for self-insured plans including paid claims and fixed costs.
Develop self-insured medical plan trend reports using carrier databases.
Maintain budgetary spreadsheets and financial accounting data including annual/monthly carrier premium claim spreadsheets, census data, departmental budget spreadsheets.
Review and reconcile carrier invoices and facilitate payment of invoices.
Analyze trends and assist in developing recommendations for plan design and contributions identifying savings opportunities to control costs.
Conduct auditing functions to ensure data accuracy and integrity.
Support day‑to‑day project management by coordinating scheduling of meetings with carriers and brokers, maintaining records and notes, tracking take‑away items, following up with stakeholders for associated items.
Work with brokers and consultants to support management of third‑party vendor relationships to ensure efficient administration of all benefit plans.
Support annual renewal processes for all health and welfare benefit plans and programs including guiding renewal timelines, analyzing proposals and negotiating pricing and contract terms, developing budget and financial analysis spreadsheets presented to senior leadership.
Assist in reviewing benchmark data to identify industry and competitor trends and support research of best practices using market surveys, networking, and other sources to recommend competitive and cost‑effective benefit packages.
Anticipate and meet partner and employee needs in a timely and professional manner.
Perform other duties as assigned.
Qualifications
Knowledge of firm operation, policies and procedures.
Attention to detail and data accuracy.
Works well independently, takes initiative and works well with limited supervision.
Strong written communication skills including grammar and proofreading ability.
Ability to synthesize, interpret and summarize information in a clear, concise manner.
Highly organized, able to work well under pressure and manage multiple high‑priorities in a fast‑paced environment; flexible and adaptable.
Strong computer skills; high proficiency in MS Word and expert level MS Excel skill set, HR systems, database systems.
Strong skills in data mining, manipulation, and analysis.
Knowledge of laws and regulations impacting employee benefits.
Knowledge of payroll and accounting functions as they relate to benefits.
Proficient in mathematical and accounting principles, general ledger, budgeting and budget variance analysis.
Keeps matters confidential.
Strong customer service and interpersonal skills.
Team player; deals courteously/effectively with others.
Flexibility to adjust hours to meet operating needs.
Education and Experience
Minimum of three (3) years of related experience.
Self‑insured health plan financials experience required.
Workday experience preferred.
Compensation Base salary: $95,000 – $105,000 per year. Actual salary will be determined based on skills, experience and other job‑related factors, consistent with applicable law.
Benefits
Competitive salaries and year‑end discretionary bonuses.
Comprehensive health care (medical, dental, vision), savings plan/401(k) and voluntary benefits.
Generous paid time off.
Paid leave options, including parental.
In‑classroom, remote, and on‑demand learning and professional development opportunities.
Robust well‑being classes and programs.
Opportunities to give back and make an impact in local communities.
Work Visa Skadden will not sponsor applicants for work visas for this position.
Equal Opportunity Employer Skadden is an Equal Opportunity Employer (Disability/Vet/other protected categories). For more information, please visit Skadden.com/careers.
#J-18808-Ljbffr