Benefits Analyst - Employee Health & Benefits
About the job
- A Bachelor's degree in finance, mathematics, or another related area is preferred.
- A minimum of 3–5 years of experience in the healthcare benefits industry working for a group, insurance carrier, broker, or general agency is preferred.
- Knowledge of group insurance products, including medical, dental, vision, life, and disability products, is preferred.
- Strong analytical and problem-solving skills are required.
- Excellent communication and writing skills are required.
- The ability to follow directions and be detailed, organized, and resourceful is required.
- The ability to work under extreme pressure, meet tight deadlines, and juggle many projects is required.
- Proficiency in Microsoft Word, Excel, and PowerPoint is required.
- Obtain and analyze group benefit program proposals for clients and prospects.
- Analyze bids for group health and welfare coverage for clients.
- Provide benchmarking research and analysis.
- Develop detailed client reports.
- Provide substantial financial analysis for an average of 8–12 clients.
- Work on moderate- to high-complexity cases while maintaining a high level of accuracy.
- Spend approximately 90% of work time in Excel.
About the company
Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
New York, NY
Founded
1871
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Simplify's Take
What believers are saying
- Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
- Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
- Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.
What critics are saying
- Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
- Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
- Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.
What makes Marsh & McLennan unique
- Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
- Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
- Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.
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