Job Description
The BENEFITS ANALYST supports the administration of multiple health and welfare plans and is responsible for day-to-day administration of the retirement plan, 401(k). This role is deeply involved in open enrollment initiatives, benefit vendor implementations, data management and plan analytics. Must possess a working knowledge of benefits policies and best practices and be eager to continuously learn new market trends. Analyst provides ongoing plan analysis, budgeting, benchmarking, and plan design support. Must be a team player who is committed to providing our associates with exceptional service.
REPORTS TO: Manager, Benefits
ESSENTIAL DUTIES AND RESPONSIBILITIES:
*Provides support for analysis and tracking of associate benefit plans, including data analytics, benefit design, benchmarking, and costing analysis *Responsible for daily monitoring and administration of 401(k) plan, including data integrity/management *Assists with annual retirement plan audits and 5500 preparation/submission *Ensures ACA compliance, data accuracy, and oversees creation of 1095-C forms *Audits/reconciles benefits data to ensure accuracy for payroll purposes *Executes annual open enrollment strategy, including set up and testing *Assists with benefit vendor implementations and ongoing vendor relationship management *Provides tactical support for benefit vendor program management *Tracks and monitors severance payments *Provides customer service support via phone and email with other team members
REQUIRED SKILLS:
*Excellent analytical skills, combined with the ability to explain and influence opinion using data. *Exceptional problem resolution, attention to detail, project management, follow-through, and prioritizing skills. *Strong skills in Microsoft Excel (required) and Access (preferred) *High degree of initiative *Excellent communication skills (written and verbal) *Exhibits sound judgment when taking action to resolve issues *Excels as part of a cooperative, dynamic team *Works well independently; able to complete activities with training and some oversight *Maintains a high degree of confidentiality *Working knowledge of ERISA, HIPAA, PPACA, COBRA and other benefits related compliance rules
COMPETENCIES:
SETTING GOALS - Creates and follow effective plans. Anticipates risks, creates contingency plans. Aligns plans with goals. Allocates adequate resources. Accepts and supports change. Willing to take risks and suggests new ideas, approaches. Takes initiative. Seeks out learning activities.
WORKING WITH OTHERS - Clearly articulates own, other's goals. Promotes a team atmosphere by demonstrating humility and respect. Builds effective relationships, relates well to others. Delivers and responds to feedback in a constructive manner. Considers multiple perspectives. Handles conflict, pressure, uncertainty and adapts independently. Meets commitments. Dedicated to working with business partners on their expectations.
GETTING RESULTS - Personally accountable for work performance targets and achieving results. Prioritizes well. Anticipates and handles obstacles effectively. Makes good, timely decisions. Can simply and process complex problems. Understands underlying issues and addresses root causes. Meets deadlines, works until finished.
QUALIFICATIONS:
EXPERIENCE:
*4 - 5 years of relevant work experience *Experience with Benefits and/or HR administration systems (ADP Enterprise, Benefitfocus systems are a plus) *Previous experience with 401(k) administration
