Insurance Management Group
Self-Funded Account Executive
Full Time • Hybrid - US
POSITION DESCRIPTION:
IMG is seeking a highly dependable and motivated professional to join our team as a Self-Funded Account Executive. This role requires a strong background in data analytics, claims monitoring, and self-funded health insurance plans. The Self-Funded Account Executive will support our Producers by analyzing claims data, assessing risk profiles, optimizing plan designs, and suggesting cost-saving strategies for self-funded accounts.
DAY IN THE LIFE OF:
- Collaborate closely with agents to provide expert guidance on self-funded accounts, offering strategic advice, data insights, and actionable recommendations to help them best serve clients.
- Analyze detailed claims data to identify trends, high-cost claims, and potential areas for improvement in self-funded health plans.
- Prepare and present detailed reports with actionable insights for agents, enabling them to effectively communicate findings and recommendations to clients.
- Evaluate a company's risk profile and recommend suitable stop-loss coverage levels based on identified risks.
- Assist in optimizing benefit plan designs by leveraging data insights to improve coverage while identifying lower-cost providers, networks, and services.
- Compare plan performance against industry benchmarks and recommend adjustments to enhance outcomes.
- Suggest cost-saving measures such as negotiating better rates with providers or identifying alternative treatments that maintain quality care.
- Oversee claims monitoring and ensure accuracy in reporting for self-funded accounts, addressing any discrepancies or issues.
- Build and maintain strong relationships with stop-loss carriers, partners, and TPAs, negotiating better deals to benefit clients.
- Support and train newer agents on self-funding concepts, available reports, and strategies for optimizing self-funded plans.
- Develop further efficiencies in the self-funded space to free up producers' time for new client acquisition.
KNOWLEDGE, SKILLS, AND ABILITIES:
- College education or equivalent experience in self-funded benefits, data analytics, or insurance
- Indiana Life and Health insurance license is required
- 3-5 years' experience in self-funded benefits with a focus on data analysis and risk management
- Strong analytical skills with the ability to interpret complex claims data and translate insights into actionable recommendations
- Experience with self-funded plans, stop-loss coverage, and cost containment strategies
- Proficient in Microsoft Office products, especially Excel (for data analysis and reporting)
- Ability to prepare and present detailed reports with clear, actionable insights for agents and clients
- Excellent communication skills, both oral and written, with the ability to explain complex issues to others and respond to inquiries effectively
- Strong organizational skills, with the ability to manage multiple tasks simultaneously and prioritize effectively
Benefits: Full Benefits Offering (Health, Dental, Vision, Life, LTD, STD, Critical Illness, and Accident), 10+ Paid Holidays, PTO Package, 401k matching, 30-minutes of workout time, schedule flexibility, growth opportunities, and more!
Flexible work from home options available.
YOUR FUTURE as an Independent Insurance Agent Starts Here
If you’re looking for a career that offers flexibility, job stability and strong compensation you’ve come to the right place! Working with an independent agency is a great career choice. Baby Boomers in insurance are retiring at rapid speeds and leaving a high demand for insurance professionals!
Trusted Choice® Independent Insurance Agents protect customers by providing home, auto, business, life and health insurance policies to fit their individual needs. Independent agencies are not bound to offering products from only one insurance company. Instead, we can offer customers a choice of policies from a variety of insurance companies to provide the best protection at a competitive price.
Each agency is independently owned and operated. Your application will go directly to the agency, and all hiring decisions will be made by the management of that agency. All inquiries about employment at an agency should be made directly to the location, and not to Big I Indiana.
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Career advancement in a growing field
With more than 400,000 job openings in the next five years across the U.S., the insurance industry offers a huge opportunity for employment and career advancement. Plus, the industry continues to evolve and provide new career paths in sales, customer service, analytics, digital marketing, technology, and more. (Source: investprogram.org)
Flexibility
Insurance can give you a rewarding career and well-rounded life with jobs that are not only fulfilling but may offer flexible schedules and great office culture. In a U.S News and World Report article featuring 'Best Jobs of 2020,' Insurance Agent ranked #2 on their 'Sales & Marketing Jobs' list. (Source: investprogram.org)
Make a Difference
Independent agents are pillars in their communities and active in local organizations, sponsoring sporting teams or supporting charities. Insurance offers you the chance to make a career out of helping individuals when they suffer a loss and need assistance. (Source: investprogram.org)
Job Security
Things change but insurance is here to stay. People will always need it for their car, home, business, travel, and more. The insurance industry touches all aspects of life - and that will not change. (Source: investprogram.org)