Sr. Benefits Analyst - Remote

U.n.f.i • Providence, RI

114d • Onsite

About The Position

Leads or assists with planning, budgeting, pricing, analysis, reporting and maintenance of the company's non-union and some union health and welfare benefit programs to ensure cost effective employee and retiree benefits and services which meet corporate objectives and employee/retiree needs. Benefit programs include, but are not limited to, group health, dental, vision, wellness, EAP, disability, life insurance, and flexible spending accounts primarily for US based associates. The role will also be responsible for maintaining confidential information in multiple HR Information Systems and data warehouses as well as creating, maintaining, and generating reports.

Requirements

• College degree in related field required (Economics, Insurance, Business, Finance).
• Advanced related degree preferred.
• Education, training or experience in underwriting, statistics, accounting or finance, business analysis or project management.
• 5-7 years of benefit analysis, planning and design or other related experience.
• Experience with HRIS systems and respective report writers; PeopleSoft preferred.
• Experience with data warehouses and claims database; MedInsight preferred.
• Advanced experience with creating spreadsheets and merging documents.
• Proficient benefits knowledge required including compliance with the state and federal laws and knowledge of benefit laws, such as COBRA, HIPAA, ERISA and CAA; additional knowledge of Canadian benefit laws preferred but not required.
• Understanding of Human Resource concepts such as benefit plans a must; compensation plans and employment processes knowledge preferred.
• Strong technical knowledge of a variety of employee and retiree benefit programs, contract compliance, claims processing and resolution, and program development and presentation required.
• Advanced knowledge of Microsoft Excel, Word, Access and PowerPoint required.
• Strong analytical and math skills required to determine benefits, payments, and perform statistical analyses of benefit plans.
• Able to handle superior levels of confidentiality concerning employee information.
• Excellent time management, interpersonal communication, presentation, organization, decision-making and planning skills.
• Excellent decision making and problem-solving skills with strong attention to detail.
• Ability to work well in a team environment as well as independently.
• Ability to assist and support others.

Nice To Haves

• Additional coursework in related fields or certification preferred.

Responsibilities

• Compile and analyze the health and welfare plan data to identify trends including risk factors, claim expenses, turnover and other cost drivers that affect program cost.
• Conduct market research, participates in benefit surveys, and analyzes and benchmarks benefit data and trends to ensure competitiveness.
• Manage data warehouse and claims databases, maintaining structure, data feeds and the resolution of data file issues.
• Develop and maintain reports to management and other internal partners regarding key associate and plan metrics to evaluate adherence to budget and strategy.
• Understand all legal and compliance reporting requirements related to benefit programs (i.e., ERISA, ACA, HIPAA, COBRA, and other relevant regulations).
• Assist in annual government filings and audits, non-discrimination testing, and other regulatory reporting.
• Keep abreast of regulatory changes.
• Ensure all compliance items are completed in accordance with regulatory timelines (PCORI, 1094s, 1095s, other annual notices, etc.).
• Recommend changes to current benefits programs or vendors to improve efficiency or cost-effectiveness.
• Lead annual benefit contribution development and insurance policy renewals.
• Oversee and conduct periodic eligibility and enrollment audits of employee benefit programs.
• Compile and conduct special projects and analysis used in design of benefit plans and review of vendor or program solutions.
• Maintain positive relationships with program vendors, external auditors, consultants, and internal partners.
• Perform other duties as assigned.

Benefits

• Competitive 401K + Match
• Flexible PTO
• Medical, Dental, Vision Insurance
• Annual Merit
• Education Assistance
• Mentorship/ Development Programs
• Diversity Belonging & Innovation Groups

What This Job Offers

• Career Level: Mid Level
• Industry: Merchant Wholesalers, Nondurable Goods
• Education Level: Bachelor's degree