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Group Benefits Account Executive
BETHESDA, MD
Currently seeking a Hybrid Group Benefits Account Executive in the Bethesda, MD area. As an Account Executive in Mid, Large, and Strategic Market segments, you will support consultants in managing client accounts by researching, analyzing, and evaluating medical, dental, life and disability benefits plans and programs for employers. The expectation at this level is that the Account Executive will exercise more independent thinking and be able to complete projects with little guidance from consultants. Often, tasks are time sensitive and the employee may be working under intense deadlines and pressure.
Responsibilities of the Account Executive include:
- Assist the consulting team in gathering, organizing, entering and analyzing data using Excel spreadsheets to be used for various client projects. This role also involves an increased focus on analysis of the results and managing portions of projects, including reviewing the work of lower level analysts.
- Gather benchmarking, utilization or rate data from the vendors via a Request for Proposal (RFP); interpret the meaning of the data and summarize the responses from the RFP in Excel or PowerPoint format for presentation to the client
- Process data from the client and current vendors needed for analyzing the impact of a client’s consolidation of its healthcare plans; typically involves organizing and summarizing plan design details and costs in Excel for further analysis by the team; responsibilities also include checking data for reasonableness and follow-up with vendors regarding missing or inaccurate data.
- Cost projections and vendor renewal workups – gather data from the client and vendors to populate Excel spreadsheets used for developing cost projections and evaluation of vendor renewal workups; results are used as part of client renewal and budget meetings
- Tracking claims experience – gather data from client and vendors and check for reasonableness using independent judgment; analyze actual versus expected healthcare costs using an Excel template; results are typically sent to clients on a monthly or quarterly basis
- Understand vendor/carrier markets, more advanced underwriting and financial skills, Health & Benefit products, services and technical tools, and intranet resources offered by Company by participating in training courses, online learning, or through learning from more experienced colleagues.
- Participating in Client Calls and Meetings as appropriate
- Delegating to and reviewing project work of more junior colleagues
- Assisting with preparation and delivery of clear and concise client-friendly communications
- Managing quality and timeliness of client deliverables
- Helping to develop budgets and billing reports
Requirements of the Account Executive:
- BA/BS preferred
- One to three years of industry experience required
- Intermediate to Advanced knowledge of MS Office Tools (Excel, PowerPoint)
- Excellent interpersonal skills; strong oral and written communication skills.
- Ability to prioritize and handle multiple tasks in a demanding work environment.
- Ability to work independently and on a team.
- Required to obtain and maintain appropriate licenses as required by state regulations and Company policies.
- (Pre-COVID) Travel 20-50% of the 40 hour work week (often more in 4th quarter)
- Ability to sit and stand for long periods of time
- Ability to drive on local roads and highways, or have other modes of transportation to drive to/from client meetings
- Must have the ability to cope with stressful situations