Benefits Analyst
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Role Description
The Benefits Analyst assists in the development, implementation and administration of employee benefit programs ensuring all benefit programs comply with existing policies and meet legal compliance. This individual conducts analyses and studies to support management in developing and administering effective benefits programs in accordance with the organization’s reward strategy.
- Provide qualitative and quantitative analytics to support new and modified employee benefit programs, including utilization, trends, and program analysis.
- Act as a data expert by producing reports that ensure accuracy, identify utilization trends, and support strategic planning.
- Ensure the accuracy of employee and benefit databases through audits and system corrections.
- Perform audits of benefit-related payroll processing and deduction reconciliations.
- Support the analysis and administration of new and modified benefit programs, approaches, or procedures.
- Review, troubleshoot, and resolve data integrity and system issues.
- Review and research weekly/monthly reports.
- Provide testing assistance and results.
- Participate in HRIS systems and benefits administration implementations and redesigns.
- Represent Benefits initiatives and data needs, leading testing, training, and support phases of benefit projects and upgrades.
- Ensure compliance with local and federal laws relating to group health and welfare plans.
- Assist with compliance in benefit documentation such as guides, FAQs, Summary Annual Reports (SARs), Summary Plan Descriptions (SPDs), Summary of Material Modifications (SMMs), government filings, and annual audits.
- Review and audit reports from outsourced benefit administration vendors and prepare for payroll loads.
- Investigate issues and work with analysts or specialists to resolve.
- Assist with reviewing and auditing payroll deduction files before submission to vendors.
- Keep current on job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.
Qualifications
- Bachelor’s Degree
- At least 2 years employee benefit administration experience.
- Experience providing analytical support, research skills and problem solving of benefit plan related problems/issues to employees and their spouses, and retirees.
- Experience reading and interpreting documents such as insurance and health plan documents.
- Experience applying mathematical concepts and formulas to solve problems.
- Advanced level skill in Microsoft Excel.
- Continuous improvement mindset.
- HRIS and reporting software experience and skills.
- Intermediate level skill in Microsoft Word/Microsoft Office Suite.
- Position requires maintaining confidentiality of sensitive information.
- Quality management.
Requirements
- Certified Employee Benefit Specialist (CEBS) (preferred)
- Knowledge of benefit practices, trends, methods and pertinent federal and state regulations, filing and compliance requirements affecting employee benefit programs including, but not limited to: ERISA, FMLA, Section 125, Workers’ Compensation, Medicare/Social Security, OSHA, ADA and COBRA, and other applicable federal, state, and local laws governing compensation.
- HRIS and reporting software experience.
- Bilingual (Spanish) (preferred)
Benefits
- Competitive total rewards package
- Continuing education & training
- Tremendous potential with a growing worldwide organization
- Health insurance
- Life and disability insurance
- 401(k) contributions
- Paid time off
