Benefits Analyst Job Description
Benefits Analyst Duties & Responsibilities
To write an effective benefits analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included benefits analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Benefits Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Benefits Analyst
List any licenses or certifications required by the position: CEBS, PHR, CBP, SHRM, SPHR, CCP, CEB, HR, RPA, CEP
Education for Benefits Analyst
Typically a job would require a certain level of education.
Employers hiring for the benefits analyst 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 Benefits Analyst
Desired skills for benefits analyst include:
Desired experience for benefits analyst includes:
Benefits Analyst Examples
Benefits Analyst Job Description
- Assist in the administration and analysis of competitive, cost-effective benefits programs
- Act as the lead system liaison for out-sourced vendors
- Work with the Pharmacy Benefit Administrator and US Government agencies
- Complete oversight for Disability and Leave Management
- Reviews contracts, summary plan descriptions, agreements
- Ensure that benefits plans are administered according to plan provisions
- Administer Benefit Plans as assigned on a day-to-day basis
- Assist in compliance with the organization's annual SOX Reporting requirements
- Counsel employees and retirees on basic plan questions
- Maintain functional benefit databases
- Establish relationships with company personnel at all organizational levels to gather information and prepare reports
- Anticipate needs and act with appropriate urgency
- Maintain a professional appearance and provide a positive image
- Must work well autonomously and as part of a team
- Strong presentation generation and delivery
- Exposure / knowledge of Benefit Plans
Benefits Analyst Job Description
- Act as a liaison between HR, vendors, and associates to provide support as it relates to benefit projects, policies and procedures
- Assist activities to ensure plans are compliant with ERISA, DOL & state reporting requirements, including non-discrimination testing, claim submissions, 5500 reporting/filing, Summary Annual Reports
- Assist with employee and internal leave inquiries
- Independently monitor benefit plans/administration for efficiency and process improvements
- Research and review competitiveness of pension and benefit programmes taking account of market practice and trends
- Manage Leave of Absence programs
- Oversee Worker’s Compensation program
- Drive compliance activities in partnership with internal and external vendors
- Explain employee benefits by conducting meetings
- Create and maintain benefits process guidelines
- Must have strong ability to analyze data to identify issues
- Must be able to manage multiple deadlines, prioritize assignments and work overtime as needed
- Solid understanding of Benefits principles
- Benefits Administration – Understanding of the administration, recordkeeping and operational aspects of multiple or single benefit plans
- 3 years of relevant experience, preferably medical benefits in a deadline-driven environment
- Proficient use of all applicable technology
Benefits Analyst Job Description
- Serve as subject matter expert on Affordable Care Act, providing analytic and reporting support for proper employee and IRS notifications.Review and monitor seasonal workforce to determine any risk for benefit eligibility
- Working with Benefits Manager, serve as a liaison between employees and the appropriate benefit provider for questions regarding benefit programs and processes, escalating to our third party broker where appropriate
- Support Benefits Manager on project planning and implementation related to open enrollment at all sites and ensure information, materials and education are received at all locations to ensure effective and timely enrollment
- Serve as resource to HR Business Partners on Leave of Absence (LOA) administration for appropriate client groups
- Leads relocation and global mobility programs through vendor assessments, needs analysis and making recommendations for program and process improvements while reducing costs to the company and employees.Partners with payroll to insure correct taxable and non-taxable IRS rules are applied
- Collects and analyzes health insurance experience (claims, administrative fees and premiums)
- Assist in counseling employees on benefits coverage
- Works with third party vendors and administrators to ensure consistent, accurate plan operations
- Reviews and interprets various benefit plan documents to ensure compliance, respond to inquiries and resolve issues
- Assists benefit plan operations by supporting bill payment activities, including weekly invoice processing and allocation of plan costs
- 4-year degree in Human Resource Management, Labor Relations, or a related field of study preferred
- Must have at least 3-5 years of experience conducting research, analyzing and interpreting data, and recommending solutions to complex problems
- Experience with Lawson, Benefit Focus, Smart Ben are plus
- Must have the ability to interpret and convey policies and summarize plan descriptions as they relate to employee benefit plans
- Must be detail-oriented, able to appropriately manage confidential information, and demonstrate the ability to influence
- Open enrollment and new vendor implementation lead
Benefits Analyst Job Description
- Manage and oversee Leave of Absence and Worker’s Compensation programs
- Drive compliance and reconciliation activities in partnership with internal and external vendors
- Maintain and prepare written and graphic announcements for benefits materials
- Lead regular benefits audits, annual 401k audit
- Partner with employees, brokers and vendors to provide a high level of customer service at all times
- Create and maintain benefits documentation and process guidelines
- Project manage the ongoing activities of our benefits programs and projects
- Serve as a single point of escalation from both the company and the third party administrator regarding employee or benefits issues and concerns
- Act as a tester for Annual Enrollment and other implementation activities
- Educate and provide guidance to US employees regarding benefits offerings by providing benefit subject matter expertise
- Experience with ADP Benefits administration systems and/or Workday benefits administration a plus
- Understand current performance of benefit processes and prioritize opportunities for improvement when identified
- Partner with benefits service managers and outsource partners to “triage” issues as they are identified and get the issue into the correct hands for rapid resolution
- Analyze trends within program areas and consolidate data/information to present for review with primary stakeholders and help drive decisions based on data
- Conduct benefit briefings
- Support special projects as needed including supporting wellness fairs
Benefits Analyst Job Description
- Communicate/follow-up with clients to obtain non-payroll data necessary for ACA service implementation and assist with ongoing maintenance to keep client data current
- Use data queries to perform weekly and monthly data audits of all clients enrolled in ACA Service
- Thoroughly maintain sensitive client data in excel spreadsheets
- Assist with producing, generating, printing, shipping, tracking, and filing ACA forms with IRS
- Answer general inquiries from clients concerning ACA Legislation and report analytics
- Assist the ACA Department in meeting project deadlines and adhere to deadlines set by the Internal Revenue Service and other federal government agencies
- Develop communication strategies to ensure successful implementation of benefit changes and new programs
- Provide support to the benefits team as needed to ensure successful on-going administration of the Company’s benefits plans
- Manage benefits invoice claims processing and reporting analysis and reconciliation with Finance
- Develop and deploy benefits communications and education
- Experience with Project Management desired
- Possess a sense of urgency, strong customer service orientation
- Creates and analyzes exception reporting
- Review health benefits employer cost on weekly basis
- Serve as the subject matter expert for Total Rewards/sub-Total Rewards programs, policies and processes
- Provide staff with technical support and guidance on core ASC Total Rewards HR processes (respond to and resolve increasingly complex issues)