Benefits Analyst

Essential Job Functions

• Assist with the development of benefit programs to meet the changing needs of the company and employees.
• Analyze detailed data to track and develop forecasts on benefit costs and trends on a monthly and annual basis.
• Perform statistical analysis and review of applicable employee benefit plan expenses and premiums including rate review.
• Complete monthly benefit billing report and reconciliation to ensure vendor invoices are paid timely and accurately.
• Assist with the annual Open Enrollment process, which includes communication reviews, web testing, analysis and reporting.
• Assist with the maintenance and updates as needed of the employee benefits website. 
• Respond to employee inquiries and provide research and resolution, including issues which have been escalated. 
• Service as back up to benefits administrator/coordinator. 
• Responsible to ensure accurate benefit rates are reflected in our online enrollment system, as well as our payroll systems. 
• Participate in and conduct testing of Payroll deductions to ensure accuracy (jointly with Payroll). 
• Assist in overseeing assigned benefit vendors and work closely with internal payroll, finance, compensation and HR teams to ensure that deliverables are received accurately and on a timely basis.
• Complete assigned monthly and quarterly benefit plan audits. 
• Identify issues and resolve them.
• Manage all transactional and manual benefit events, ensuring accuracy and validating data. 
• Assist with the completion of 1094 / 1095 reporting and compliance with the ACA.   
• Assist with vendor management. Resolution of complex escalations for appropriate vendors.
• Coordination with Legal for disability and leave related litigation, and requests for plan information.

Requirements

• 2-4 years of health and welfare/retirement plan experience with a BA or BS degree in Business, Human Resources or related are with OR 6 or more years of health and welfare/retirement plan experience.
• Ability to evaluate systems and procedures and develop improvements.
• Ability to analyze and interpret data – including advanced knowledge of excel. 
• Ability to manage multiple projects at one time.
• Ability to prioritize and organize effectively in a fast-paced environment.
• Ability to work independently and with a team. 
• Ability to maintain confidentiality and adhere to the highest degree of professional standards.
• Strong attention to detail.
• Strong analytical skills. 
• Knowledge of employee benefit plans, policies and procedures.
• Knowledge of state and federal laws regarding ERISA, HIPAA, FMLA, ADAAA and the ACA.
• Workday experience highly preferred.