Senior Benefits Analyst

Min

USD $34.34/Hr.

Max

USD $53.23/Hr.

Overview

Under the direction of the Benefits Manager, researches, analyzes, evaluates, and administers the organization’s benefit plans and programs. Monitors benefit trends in the business environment and stays abreast of applicable benefits legislation. Responsible for analyzing complex business problems to be solved with either automated system solutions or through process re-engineering.  Evaluates benefit plans, policies and procedures to ensure compliance with federal and state regulations.  Responsible for the investigation of new benefits, coordinates benefit integration projects and supports the delivery and communication of benefit programs. 

Qualifications

Requirements:

Bachelor’s degree in business, human resources or related field required.

Five years professional experience demonstrating knowledge of insured and self-funded health and welfare programs and qualified and non-qualified retirement programs.

Good research, analytical and problem solving skills. Project management expertise and recent experience required. 

Knowledge of ERISA and other employee benefit related laws and regulations. Recent practice of compliance activities related to employee benefits.

Other Skills: Self directed with the ability to work autonomously on several projects concurrently.

Computer skills sufficient for professional work, including Word, Excel and PowerPoint. Experience with HRIS, preferably Lawson, and automated benefit self-service programs required.  

Responsibilities

Principle Responsibilities:

 

• Conducts research and analysis of benefit programs and advises management of methods for improvement. Helps to develop recommendations for enhancements/changes to existing programs.
• Responsible for oversight and preparation of plan compliance testing, required disclosures and notifications, including Summary Annual Reports (SAR), fee disclosure, Summary of Material Modifications (SMMs), etc.
• Conducts and participates in benefit surveys.
• Gather, analyze and summarize internal data, surveys, market trends and projections for all benefit plans; develop metrics as needed for budgeting, etc.
• Provide technical research and analysis on benefit issues.
• Act as liaison with consultants, advisors, third party administrators and other service providers on various matters such as plan design, contracts, regulatory requirements, coverage and renewals. 
• Assists in the review of contract provisions with insurance carriers and other service providers. 
• Participates in the administration of various benefit programs. 
• Documents and maintains administrative procedures for assigned benefit processes. 
• Project management of special benefit projects.
• Acts as a resource to affiliate Business Partners, local management, and People Division colleagues in addressing various benefit matters. Participates when requested as a resource person on committees, task forces and presents educational programs as needed.
• Enhances professional growth and development through participation in educational programs when appropriate and by maintaining current benefit reference materials.
• Performs other related duties as assigned