Benefits Analyst

Benefits Analyst

GENERAL PURPOSE

The Benefit Analyst will have a strong understanding of employee benefits and collaborate effectively with vendors, management, and employees about benefits plans and eligibility. Responsibilities include acting as liaison to our carriers during implementations, open enrollment periods, and ongoing benefits administration. Positions will coordinate work associated with annual required federal filings for benefit plans, maintain employee eligibility, performing quality assurance tasks, resolving escalated client-specific issues, and collaborating with internal team members and other departments for client deliverables and special projects. Position will also manage all financial responsibilities associated with vendor billing/reconciliations (including pharmacy inventory and clinic management), and deferred compensation funding and transactions through the division’s third-party administrator.

ESSENTIAL JOB FUNCTIONS

· Assist in the administration of the company’s employee benefits program, to include, but not limited to health, dental, and vision plans, EAP, life insurance, 403(b) and 457 retirement plans, and other voluntary program plans.

· Provide customer service to employees and retirees regarding eligibility, enrollment in benefit plans and all benefit related inquiries, using all appropriate resources.

· Perform functions in the areas of benefit plan administration to include vendor interfaces, billing reconcilement and payments, and other various accounting tasks.

· Ensure HIPAA compliance and confidentiality of various matters.

· Ensure all forms are completed and all actions taken or requested are consistent with established laws and internal policies and guidelines.

· Perform ongoing analysis including but not limited to audits, reporting and trend projections.

· Participate in the development and maintenance of the employee communications and updating internal websites.

· Participate in the development of automated processes to enhance quality, productivity and customer service; recommend changes in methods or procedures to increase efficiency of the benefit system and department.

· Participate in new hire orientations and benefits-sponsored events, interact with vendors and various outside agencies.

EDUCATION REQUIREMENTS

• Bachelor’s degree in business administration, accounting, finance or related field, preferred;
• 5-10 years experience in an analyst or accounting role

MINIMUM QUALIFICATIONS

· A minimum of 3-5 years’ experience with employee benefits, deferred compensation and/or accounting.

· Must be proficient in Databases and Excel.

· Ability to write reports, business correspondence, and procedure manuals.

· Ability to effectively present information and respond to questions from groups of employees, managers, and vendors.

· Must be able to handle multiple projects/tasks simultaneously while meeting deadlines.

· Able to read, analyze, and interpret general technical procedures, and governmental regulations.

Job Type: Full-time

Pay: $66,131.00 - $109,710.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Schedule:

• Monday to Friday

Ability to Relocate:

• Chesapeake, VA 23322: Relocate before starting work (Required)

Work Location: In person