Health Benefits Analyst

The Opportunity

The Health Benefits Analyst plays a key role in supporting the delivery of complex and high-impact health benefits consulting services to a diverse client base. This position offers early exposure to meaningful client work, advanced analytical challenges, and the opportunity to develop deep expertise in the evolving health benefits landscape.

You will work as part of a collaborative, high-performing team in a fast-paced and intellectually rigorous environment. From the outset, you will contribute to client deliverables, gain hands-on experience with real-world analytical problems, and build the technical and professional skills necessary for long-term career development. The role provides for mentorship from experienced consultants and supports individuals interested in pursuing actuarial credentials and continuous professional development.

The Role

The Health Benefits Analyst works closely with colleagues, clients, and carriers/vendors to deliver rigorous, data-driven insights and analysis.

Key responsibilities include:

• Analyzing complex health plan data, including claims experience and cost trends
• Developing financial projections, budget models, and claims cost analyses
• Performing renewal, pricing, and plan design analyses
• Preparing claims curves and projections for retiree health valuations
• Supporting the development of bid specifications and evaluating vendor proposals
• Preparing quarterly and annual financial reports and client deliverables
• Collaborating with client teams and client partners/carriers/vendors

Analysts are expected to perform advanced technical and analytical work with a high level of proficiency, contribute directly to client deliverables, develop strong analytical judgment and engage with clients and external partners early in their careers.

A strong emphasis is placed on producing high-quality work product. Analysts are expected to ensure accuracy, completeness, and clear documentation of analyses, while proactively identifying and communicating issues that may impact quality, timelines, or client outcomes.

·        Bachelor’s degree in an analytical field (e.g., actuarial science, mathematics, science, computer science, or related discipline)

·        0–3 years of experience in benefits analysis, underwriting, or a related analytical field is preferred

·        Progress toward actuarial credentials, or a strong interest in pursuing actuarial exams, is preferred and supported

·        Strong quantitative and analytical skills, with the ability to work with complex data, develop financial models, and produce accurate, high-quality analyses

·        Excellent written and verbal communication skills, including the ability to clearly and thoroughly document analyses and deliverables

·        Demonstrated ability to collaborate effectively within team environments and contribute to shared project outcomes

·        Strong project and time management skills, with the ability to manage multiple priorities, meet deadlines, and deliver reliable results

·        Demonstrated ability to take initiative, work independently, and exercise sound judgment while operating under guidance and review

·        Strong sense of ownership and accountability for assigned work, including responsibility for quality, accuracy, and timely completion of deliverables

·        Commitment to continuous learning and professional development, including participation in training, self-study, and pursuit of relevant certifications or actuarial exams

·        Proficiency in Microsoft Excel; working knowledge of Word and PowerPoint

This role is best suited for highly motivated individuals who thrive in a collaborative, high-performance environment and are eager to take on meaningful responsibility early in their careers. We value work/life balance and support thoughtful planning and flexibility; at the same time, this position requires a strong sense of ownership, professionalism, and commitment to client service, including the willingness to work additional hours when needed to meet important deadlines and deliver high-quality work.

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 us 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.