Benefits Analyst I

Labcorp•Durham, NC

32d•Hybrid

About The Position

Labcorp is seeking a Benefits Analyst to join our team at Durham, NC with the flexibility of a hybrid work schedule! The Benefits Analyst, U.S. is responsible for the administration, compliance, and continuous improvement of employee benefit programs, including health & welfare, retirement, and voluntary benefits. Partners with HR, Payroll, HR Technology and external vendors to ensure accurate delivery, regulatory compliance, and a high-quality employee experience. Supports data analysis, reporting, system integrations, and vendor management. Applicants who live within 35 miles of either the Burlington, NC or Durham, NC location will follow a hybrid schedule. This schedule includes a minimum of three in-office days per week at an assigned location, either Burlington or Durham, supporting both collaboration and flexibility.

Requirements

Bachelor’s degree in HR, Business, Finance, or related field
3 or more years of benefits experience
Critical thinking and sound judgment with ability to analyze and resolve problems.
Highly effective written and verbal communication skills to interact with all levels of leadership
Ability to collaborate cross-functionally working with various internal and external partners
High attention to detail
Advanced Excel skills

Nice To Haves

1 or more years’ experience with Workday or similar HCM Systems
1 or more years’ experience with benefits integrations
1 or more years’ experience with ERISA, ACA, COBRA, IRS regulations

Responsibilities

Serve as subject matter expert for benefit programs
Administer health, welfare, retirement, and voluntary benefit programs
Support HSA, FSA, commuter, COBRA, and wellness programs
Resolve employee benefit inquiries through case management tools
Partner with HR and internal teams to ensure smooth operations
Assist with Annual Enrollment planning and execution, including testing, communications, and issue tracking
Ensure compliance with ERISA, IRS, DOL, ACA, HIPAA regulations
Support Form 5500 filings, nondiscrimination testing, and required notices
Participate in audits and maintain documentation
Support Vendor Risk Assessments (VRAs)
Develop and maintain reports and dashboards
Perform advanced Excel analysis (pivot tables, reconciliation, trends)
Conduct payroll and benefits deduction audits
Support benchmarking and survey submissions
Drive process and operational improvements
Partner with HR Technology, Payroll, and vendors on integrations and data feeds
Troubleshoot integration errors and data discrepancies
Support system testing including annual enrollment
Identify automation opportunities
Support vendor relationships and issue resolution
Participate in vendor implementations and renewals
Work with consultants and brokers on program delivery
Support benefit funding and billing reconciliation
Validate enrollment and eligibility accuracy
Assist with retirement plan funding and reporting