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POSITION PURPOSE

The Benefits Analyst is a member of the Total Rewards team and works with other Benefit Analysts to develop company-wide benefit strategy and administer programs.  The Benefits Analysts uses subject matter knowledge to research and advise on technical plan issues, plan and amendment interpretation, and compliance. The Benefits Analyst makes independent decisions and recommendations on routine to complex benefit matters. This role has regular communication with senior HR leaders, brokers, benefit service providers and legal advisors.  This job classification requires analytical skills and experience, advanced knowledge of benefit plans and applicable regulations, and knowledge of Human Resource practices, business requirements.  
 

ESSENTIAL JOB FUNCTIONS AND BASIC DUTIES

*Responsible for high-level administration and oversight of health and welfare benefits, retirement benefits and leave of absence programs as assigned. Researches and resolves system problems with HR Systems Analyst, Payroll, Leave of Absence team, vendors, and service providers. Negotiates administrative service agreements through brokers for employer sponsored plans. Monitors and analyzes trends, administrative fees, and utilization experience by service and event. May participate in monthly processes for plan compliance. *Provides analysis and recommendation for enhancements, changes and strategies to new and existing programs that align with company’s business objectives.  Assists in Request for Proposals (RFPs) by evaluating responses and provides independent insights on proposals. Monitors benefit programs for compliance with applicable regulations, program performance and industry trends. Recommend policy and process efficiencies. *Ensures compliance with applicable employment and ERISA laws, regulations and system configurations, reviews annual ACA compliance processes. Prepares reports required for non-discrimination testing, quarterly tax updates and yearly tax documents either personally or via contracted vendor partners. Monitors and analyzes legislative bulletins provided from legal and recommends plan changes needed for compliance. Prepares and/or reviews Form 5500s, Summary Plan Descriptions, Summary of Material Modifications, plan amendments and other communications. *Assists in development of the yearly budget based on trends and projections with Total Rewards and Finance partners. Oversees the implementation of rate tables in HRIS system and integrations with 3rd party vendors.   *Serves as the point of escalation to the Benefits Service Supervisor, Lead Benefit Specialist and others on the team.  May act as a lead or knowledgeable resource to lower-level specialists. *Leads company-wide projects such as Open Enrollment event planning as well as division specific projects such as orientation material development or presenting at leader trainings.  

 

MINIMUM QUALIFICATIONS
           

EDUCATION AND EXPERIENCE:

Bachelor’s Degree in human resource management, business administration or related field or equivalent combination of training and experience.

Four (4) years of health plan experience.

Minimum of two (2) years health plan administration experience including the analysis of complex matters and development and implementation of solutions.

REQUIRED KNOWLEDGE: Advanced knowledge of medical, dental, vision, Section 125 Plans, leave plan policies, practices and applicable laws.   Familiarity with HRIS benefit system modules in Oracle HCM, Workday or similar modern system of record. Strong knowledge of ERISA, COBRA, HIPAA and other applicable federal and state regulations. SKILLS AND ABILITIES: Adapt procedures and processes to accomplish the requirements of the position. Ability to rely on experience and judgment to plan and accomplish assigned tasks and goals. Strong business personal computer Excellent English skills including vocabulary, spelling and correct grammatical usage and punctuation.  Ability to be flexible in changing work priorities. Ability to act in a responsive manner to customer inquiries and requests; escalates the more difficult matters as necessary. Strong ability to present to small groups and communicate complex matters easily to all levels of the organization. Strong organizational, analytical and problem-solving skills. Ability to maintain confidentiality of information.

 

 

CERTIFICATES REQUIRED

None. CEBS, IFEBP certification, or World at Work Certified Benefits Professional (CBP) is a plus.

 

PHYSICAL DEMANDS

Employees may experience the following physical demands for extended periods of time:

Sitting Keyboarding Viewing computer monitor Frequent telephone usage

 

WORK ENVIRONMENT

Work is performed in an on-site business office environment.  Occasional travel to store locations or off-site meetings.

 

* Denotes Essential Job Function