Benefits Analyst

CC Industries•Chicago, IL

5d•Onsite

About The Position

Crown Family Philanthropies Henry Crown & Company/CC Industries is a Chicago-based, privately-held company that manages business, philanthropic, and family interests on behalf of a multi-generational family. The business ventures fall into broadly-defined categories: wholly-owned operating companies, public and private equity investments, and real estate. The enterprise also supports individual and collective giving through Crown Family Philanthropies and provides traditional family office services across generations. The enterprise employs approximately 350 professionals in the areas of investment management, corporate development, financial operations, tax, research and innovation, human resources, information technologies, and legal. We are a private enterprise with more than a 100-year legacy and track record of financial success, supporting our communities, and taking care of our employees. We plan strategically with a long-term time horizon and an integrated approach to access superior opportunities and optimize financial results. Integrity, collaboration, and dedication are cornerstones of our workplace culture that create rewarding professional experiences. The Benefits Analyst supports the administration, analysis, and ongoing improvement of the company’s health and retirement benefit programs. This role partners closely with internal teams, external vendors, Crown Family households, and small businesses to support benefit audits, billing and funding processes, coverage comparisons, and individual health plan needs assessments. The Benefits Analyst also provides cross-functional administrative support for retirement plans, including 401(k), pension, SERP, and non-qualified plans, as well as health benefit plans such as insurance, FSA, HSA, and voluntary benefits. This position requires strong attention to detail, a service-oriented mindset, and the ability to prepare benefits-related analysis using data tools, including artificial intelligence and the company’s data warehouse.

Requirements

Bachelor’s degree in business administration, finance, or related field of study
2-4 years in health benefits and retirement-related fields
Intermediate MS Excel ability (Iterative calculations, Nested IF Statements, Named Ranges, Formatting, VLOOKUP / Offset functions, Active X control form, etc.)
Strong analytical capabilities, including attention to detail, problem solving, relative to working with complex data input / output and calculations
Understanding of health and welfare plans, associated offerings, and the health insurance industry
Understanding of retirement plans, including DC, DB, PS, SERPs and non-qualified plans
Excellent listening and customer service skills
Proficient in use of MS Office Suite

Responsibilities

Act as liaison with HCC HRIS, Vendors, Accounting, and operating companies’ HR teams in performing quarterly benefit audits and issue resolution and process improvement
Provide administrative support for retirement plan processes, including 401(k), pension, profit sharing, SERP, and non-qualified plans
Provide administrative support for health and welfare processes, including insurance, voluntary benefits, spending accounts, etc.
Assist in annual compliance matters
Audits payroll deductions and deferrals for accuracy and timeliness
Establish and maintain effective and responsive relationships with Family Services department to deliver exceptional customer service and support for our small household benefit plans.
Establish and maintain relationships with service providers to ensure timely and effective service solutions and problem resolution
Assist in the calculation and administration of incentive plans.
Provide administrative support for ACA 1095 / 5500 processing and filing
Provide administrative back-up as leave administrator for corporate office employees
Conduct employee benefit orientations as part of onboarding
Performs benefit administration function for corporate office employees, including fielding questions regarding all benefit offerings
Assist with annual Open Enrollment (i.e. BenefitSolver testing, OE communication review, etc.)
Utilizes our data warehouse to monitor and identify trends to target cost-saving opportunities in our health plans.
Support ongoing benefits initiatives as necessary and appropriate
Participate in key vendor meetings and strategy sessions
Provide administrative back-up for all benefit vendor billing
Assist with other processes and projects, as needed