Benefits Analyst

ICONIQ Capital
New York, NY Full Time
POSTED ON 4/21/2023 CLOSED ON 5/31/2023

What are the responsibilities and job description for the Benefits Analyst position at ICONIQ Capital?

About ICONIQ Capital

ICONIQ Capital is a global investment firm elevated by an extraordinary community. With over $80B assets under management, we seek to build resilient investment portfolios, partner with inspired entrepreneurs transforming industries, manage our clients’ lives and legacies, and create uncommon opportunities across sectors and society 

 

About ICONIQ Investment Management

ICONIQ Investment Management strives to deliver exceptional investment portfolios for some of the world’s most influential families and an array of mission-driven institutions. Our goal is to compound returns from diverse sources by harnessing the differentiated capital and strategic strength of the ICONIQ community, cultivated on a foundation of uncommon care.               

 

The Opportunity: Benefits Administrator, Analyst

 

ICONIQ Capital is looking for an individual to handle the administration of US, Singapore and UK based health and welfare benefit programs including 401(k) retirement plans, and participation in benefit initiatives and projects. Provide support to the VP, Benefits, Senior Benefits Manager and HR Business Partners for the firm and family office clients.

 

Principal Responsibilities:

  • Assist in the administration of US, Singapore and UK based health and welfare benefit plans including group health, dental, vison, flexible spending and health savings accounts, life insurance, disability, commuter, fringe benefits, paid time off and 401(k) retirement plans.
  • Primary point of contact for active and terminated employees, benefit plan vendors and HR Business Partners for benefit related inquiries and plan provision explanations. Work closely with the Benefits team members, insurance carriers and brokers on enrollment and eligibility questions and issue resolutions.
  • Work collaboratively with our other Benefits Analyst to manage the Benefits inbox, including ensuring timely responses to inquiries and updating of templates and process documents.
  • First point of contact for new hires including sending new hire benefit communications and ensuring new employees understand their benefits and how to make their benefit elections.
  • Accurately maintain employee benefit records and documentation in the benefits platform, HRIS system and drive folders.
  • Review and reconcile monthly insurance carrier invoices, working closely with the Finance and HR teams to ensure timely and accurate payments. Working with the carriers to reconcile differences and correct discrepancies. Partnering with the FO Payroll team to ensure accurate processing of benefit plan deductions. Maintain organized and accurate billing records.
  • Assist in the annual compliance filings including Form 5500, ACA reporting, and other regulatory reporting requirements and audits.
  • Assist in open enrollment activities including answering employee questions, participating in open enrollment set-up meetings and audits.
  • Assist with special projects including wellness initiatives and new policies and procedures.

 

Qualifications:

  • Bachelor’s degree and minimum 1-2 years of health and welfare benefit plan experience.
  • Retirement plan administration experience a plus.
  • Basic knowledge of state and federal laws and compliance regulations, including COBRA and HIPAA. Knowledge of California state law a plus.
  • Microsoft Office skills including Excel and Word and general benefit enrollment systems and HRIS knowledge.
  • Excellent customer service, analytical, and problem-solving skills.
  • Excellent detail orientation and organizational ability. Ability to manage multiple priorities and tasks.

 

Location: New York, NY

 

Compensation Range: ICONIQ is required by law to include a reasonable estimate of the salary range for this role, together with other compensation being offered such as a discretionary bonus, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At ICONIQ, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation terms. A reasonable estimate of the current salary range is $90,000-100,000 together with a discretionary bonus, health insurance, paid time off, 401k participation with a company matching program, wellness stipend, personal education allowance as well as a commuter benefits program.

 

Salary : $80 - $90,000

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