Health Benefits Analyst

The Opportunity

We are seeking a highly motivated professional who thrives in a collaborative environment and is passionate about driving results. This is a hybrid role based in Atlanta, GA; Boston, MA; Denver, CO; Glendale, CA; Hartford, CT; New York, NY; Phoenix, AZ; San Francisco, CA; or Washington, DC. If you thrive in a collaborative environment, enjoy building strong relationships, and are motivated to make an impact, we'd love to hear from you.

Begin your health benefits consulting career with meaningful client work from the start. As a Health Benefits Analyst you will support complex financial and health plan analyses for a diverse client base while building technical, analytical, and consulting skills as well as knowledge of the evolving health benefits landscape. Working alongside and collaborating with experienced consultants, you will gain hands-on exposure to real client engagements, receive coaching and mentorship, and assume progressively greater responsibility as you build technical expertise, sound judgement, and industry knowledge. Segal also supports employees who choose to pursue actuarial credentials and other relevant professional development.

The Role

You will work closely with consultants, analysts, clients, and carriers or vendors to produce accurate, well-documented analyses and client-ready deliverables. Key responsibilities include:

• Analyzing health plan data, including claims experience, utilization, and cost trends, and investigating results that appear inconsistent or incomplete.

• Developing financial projections, budget models, renewal analyses, and plan design cost estimates using established methods and assumptions while applying sound judgement.

• Developing age-adjusted health claim cost assumptions and projections that support retiree health valuations and related client work.

• Supporting vendor procurements by developing bid specifications, reviewing proposals, and organizing quantitative and qualitative findings.

• Preparing recurring financial reports, presentation materials, and other client deliverables with clear documentation of data sources, assumptions, and methods.

• Coordinating with client teams, clients, and external vendors and partners; communicating questions, risks, and timing concerns promptly and following through to resolution.

Analysts are expected to perform increasingly complex technical and analytical work, contribute directly to client deliverables, and develop strong analytical judgment. A strong emphasis is placed on producing accurate, high-quality work and proactively identifying issues that may affect quality, timelines, or client outcomes.