Analyst, Benefits Job Description
Analyst, benefits
provides support to the benefits team as needed to ensure successful on-going administration of the Company’s benefits plans.
Analyst, Benefits Duties & Responsibilities
To write an effective analyst, benefits job description, begin by listing detailed duties, responsibilities and expectations. We have included analyst, benefits job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitor regulatory updates and changes, to ensure company compliance with all federal and state laws and regulations that impact Health & Welfare Plans
Complete the required legal filings including state reporting and other compliance regulations
Oversee and administer the company's 401(k), Deferred Compensation, and pension plans for all employees and retirees
Monitor and audit plan data transmitted to carriers and reconcile error reports
Work with outsourced administrator and internal departments to maximize plan performance and the employee experience, continually improve processes
Administer benefit programs by maintaining employee database
Tracks and identifies trends in benefit program data and develops ad hoc reports to assist in making recommendations for management
Administer the Company’s tuition reimbursement program, including any vendor oversight
Assist with annual open enrollment periods, implementation of new programs and vendors, maintain compliance requirements and annual year-end filing for health and welfare plans
Serve as a subject matter expert regarding employee retirement and benefits plans
Analyst, Benefits Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Analyst, Benefits
List any licenses or certifications required by the position: CEBS, PHR, CBP, SHRM, SPHR, CCP, CEB, HR, RPA, CEP
Education for Analyst, Benefits
Typically a job would require a certain level of education.
Employers hiring for the analyst, benefits job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Human Resources, Education, Business, Finance, Business/Administration, Accounting, Administration, Mathematics, Health, Management
Skills for Analyst, Benefits
Desired skills for analyst, benefits include:
FMLA
HIPAA
Regulations
COBRA
Data feeds
Laws related to benefits administration
Calculations and processes both standard practise and Barclays Bank PLC specific where internal policy/dispensations apply
Benefits plans around the world
Microsoft Excel
Word
Desired experience for analyst, benefits includes:
Must have a positive and results-oriented attitude
Must have analytical capabilities and exceptional organizational skills
Interpersonal skills and effective interaction with others
Handle sensitive, problematic, confidential situations with poise, tact and diplomacy
Analytical ability to gather and summarize data for problem solving
Manage simultaneous projects with extreme accuracy and adjust to changing priorities and looming deadlines
Analyst, Benefits Examples
1
Analyst, Benefits Job Description
Job Description Example
Our growing company is looking for an analyst, benefits. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, benefits
- Conduct Employee Orientations on a bi-weekly basis
- Provide support for HR sponsored events
- Researching issues related to executive compensation, assisting Total Rewards Team in development and implementation of team initiatives
- Serving and peer review and back up for health and wellness benefits administration
- Leading presentations on employee benefits during new hire orientation
- Acting as a strategic partner with the Director of Global Benefits and Americas benefits leads on various strategic initiatives
- Providing support on ad hoc projects
- Participate in plan review meetings with benefits broker and vendors
- Reconcile client medical vendor invoices
- Oversee and administer the Company's Benefits plans for all employees and retirees
Qualifications for analyst, benefits
- Have the ability to take direction from several people
- Participates in benefits benchmarking surveys
- Administer general perks programs, non-merchandise discounts and memberships
- Provide benefits administration support to Canada
- Annual Health and Welfare compliance self-audit
- Bachelor’s degree in accounting, economics, finance, statistics or relevant field preferred
2
Analyst, Benefits Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of analyst, benefits. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, benefits
- Provide escalation support for various employee benefit programs that include medical, dental, vision, life, flexible spending, disability and 401(k) plans
- Assist in developing benefit communication materials and trainings for new and ongoing programs
- Assist with administration of the Company's employee benefit programs, 401(k), Deferred Compensation, pension plans and other programs as needed for all employees and retirees
- Assist in administering benefit programs by maintaining employee database
- Assist in the administration of the Company’s tuition reimbursement program, including any vendor oversight
- Assist in wellness event scheduling, including the annual health fair and wellness classes
- Partner with consultants to provide support on client projects
- Work with third party vendors and consultants
- Serve as the escalation point of contact on day-to-day benefits matters which require in depth analysis and problem solving.Working with the Benefits Administrator, manage the benefits inbox while identifying trends which would suggest needed communications or education
- Conduct and proactively lead data analysis on retirement plan and identify areas of improvement in program design and data integrity
Qualifications for analyst, benefits
- Must have or obtain Health and Life Insurance license
- 2+ years of Benefits/HR experience required
- Thorough understanding of disability (ADA, FML, military, worker's compensation)
- Bachelor’s Degree and 1-3-years of experience in Benefits
- Leads 401k audit with external auditors, gathering requested documentation in a timely manner.Assists with 5500 form filings and audits
- Support new or revised benefit program initiatives and RFPs through creation of thorough business recommendations
3
Analyst, Benefits Job Description
Job Description Example
Our innovative and growing company is hiring for an analyst, benefits. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, benefits
- Answers associate and health care providers’ requests over the telephone or through written correspondence within the time service standards set by the department
- Administers the Open Enrollment process involving communication with all Home Office and Field associates all retirees to maintain or change their benefits for the upcoming plan year
- Obtains medical information from associates, hospitals and doctors for pre-existing, outpatient/inpatient preauthorization reviews, second opinion determinations and concurrent reviews for inpatient admissions
- Manages Benefits Service Center vendor to ensure high quality and timely customer service and support
- Manages on-line enrollment tool and on-line benefits information
- Manages Annual Enrollment processes, systems and employee communications
- Manages and resolves employee escalations from the Benefits Service Center working with internal and external partners
- Voluntary employee benefits programs (pre-paid legal, perks programs, discounts)
- Newborn Baby gift program
- Manages weekly New Hire Orientation
Qualifications for analyst, benefits
- Healthcare / Medical Billing experience
- Ability to identify, recommend and act on process improvements among responsibilities managed
- Demonstrated ability to build and maintain relationships with internal and external stakeholders
- A team player with the ability to work autonomously
- Life Insurance Programs – including Basic Life, AD&D & Supplemental Life Benefits
- Serves as team back-up within US benefit team for various other benefits programs
4
Analyst, Benefits Job Description
Job Description Example
Our company is growing rapidly and is looking for an analyst, benefits. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, benefits
- Form a strong working relationship with the customer service, communications, benefits service area managers, wellness center of excellence, vendors and third party administrators
- Provides reporting and analysis assistance to the Benefits Manager & Benefits Director
- Oversee 401(k) Retirement Plan and enrollment administration ensuring fiduciary compliance
- Monitor benefits system and integrations to benefit vendors
- Ensure all benefit plans have current documentation, which may include plan summaries, plan documents, summary plan descriptions
- Evaluate programs and work with benefit vendor partners to identify new opportunities and enhancements to the Company’s benefit programs
- Implement new benefit programs and changes to existing programs
- Work with internal and external benefit partners and teams to manage Paid Time Off (PTO) program, redesign and implementation of program changes
- Keep track of benefit projects to ensure deliverables are met
- Ensure benefits programs are in compliance with regulatory requirements
Qualifications for analyst, benefits
- At least 2-5 years of benefit plan administration experience
- BA/BS degree in Business, Human Resources, or a related field
- Two to four years prior benefits analysis experience
- Ability to produce results within tight deadlines and demands for information requiring thorough thought, research and analysis
- Requires a Bachelor's Degree in Business Administration, Human Resources, Accounting, Finance or related field
- Requires understanding of accounting requirements, financial statement preparations, and various reconciliations
5
Analyst, Benefits Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of analyst, benefits. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for analyst, benefits
- Monitor and conduct periodic reviews of CIC performance metrics and cases with CoEs to show ongoing trends
- May develop and mentor staff, including undertaking performance reviews
- Provides quality support in the administration of the Deferred Compensation Plan, Pension Plan, 401(k) Plan and RRSP
- Supports the annual merit process including short and long term incentives
- Responding to, researching and managing employee benefits questions, claim
- Familiarity with Thomsons on-line benefit tool a plus
- Provide eligibility maintenance for employee benefit systems
- Partner with payroll to resolve benefit pay matters
- Invoice processing and management for Canada, Brazil and Costa Rica
- Researches complex benefit plan issues, such as investigation of denied claims
Qualifications for analyst, benefits
- Bachelor’s Degree with a professional HR/Business Administration qualification or Diploma with equivalent working experience
- Previous experience and subject matter expertise in Total Rewards/sub-Total Rewards
- Minimum of 5 years’ experience in compensation and benefits administration preferred in a mid/large size Global organization
- Knowledge of compensation administration and compliance
- Proficient in Total Rewards end to end HR processes
- Workday experience is strongly desirable