Human Resources

Senior Benefits Analyst

Looking to hire your next Senior Benefits Analyst? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a cutting-edge staffing agency revolutionizing the way US companies build their teams. Leveraging advanced technology and embracing the power of remote work, we connect SMBs, startups, and firms across the United States with top-tier talent from Latin America. Our platform seamlessly integrates professionals into US business ecosystems, regardless of physical borders. Vintti operates on the principle of a borderless future of work, where skills and expertise trump geographical constraints.

Description

A Senior Benefits Analyst is a key professional responsible for designing, implementing, and managing an organization's employee benefits programs. This role involves analyzing and evaluating current benefits, conducting market research to compare benefits packages, and ensuring compliance with regulations. The Senior Benefits Analyst works closely with HR and finance departments to balance cost efficiencies and employee satisfaction, while also providing strategic recommendations for enhancing benefits offerings. Additionally, this position often serves as a subject matter expert, advising leadership on best practices and emerging trends in employee benefits.

Requirements

- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
- Minimum of 5-7 years of experience in benefits administration or a similar analytical role.
- In-depth knowledge of employee benefits programs, including health insurance, retirement plans, and wellness programs.
- Proficiency in conducting cost/benefit analysis and financial impact evaluations.
- Strong understanding of federal, state, and local regulations related to employee benefits.
- Experience liaising with external benefits vendors and brokers.
- Excellent analytical and problem-solving skills.
- Advanced proficiency in HRIS and benefits administration software.
- Strong interpersonal and communication skills.
- Ability to provide detailed reports and presentations on benefits-related data.
- Experience coordinating and managing annual benefits enrollment processes.
- Capability to review and update employee benefits communication materials.
- Proven ability to handle escalated benefits issues and complaints effectively.
- Knowledge of legislative changes and their impact on benefits programs.
- Experience conducting audits of benefits data for accuracy and compliance.
- Ability to train and support junior benefits analysts and HR staff.
- Skills in developing and implementing wellness programs.
- Experience analyzing market data to benchmark benefits against industry standards.
- Experience in evaluating and integrating benefits programs for mergers and acquisitions.
- Strong organizational skills and attention to detail for maintaining benefits databases.
- Ability to collaborate with finance to budget and forecast benefits-related expenses.
- Certified Employee Benefit Specialist (CEBS) designation or equivalent is a plus.
- Strong project management skills and ability to manage multiple priorities.
- Demonstrated leadership and team collaboration abilities.
- Advanced Excel skills and experience in data analysis tools.
- Ability to maintain confidentiality and handle sensitive data.

Responsabilities

- Analyze and monitor employee benefits programs, including health insurance, retirement plans, and wellness programs.
- Conduct cost/benefit analysis to evaluate the effectiveness and financial impact of benefit plans.
- Provide detailed reports and presentations on benefits-related data and trends to senior management.
- Serve as the primary point of contact for employees regarding benefits-related inquiries.
- Assist in the development and implementation of new benefits policies and procedures.
- Liaise with external benefit vendors and brokers to negotiate and manage contracts.
- Ensure compliance with federal, state, and local regulations related to employee benefits.
- Coordinate and manage annual benefits enrollment processes.
- Collaborate with the HR and Payroll departments to ensure accurate and timely benefits administration.
- Review and update benefits communication materials for employees.
- Determine employee eligibility for benefits and oversee the proper enrollment processes.
- Handle the resolution of escalated benefits issues and complaints.
- Monitor and evaluate the impact of legislative changes on benefits programs.
- Conduct regular audits of benefits data to ensure accuracy and compliance.
- Provide training and support to junior benefits analysts and HR staff.
- Develop and implement comprehensive wellness programs to promote employee health.
- Analyze market data to benchmark company benefits against industry standards.
- Support mergers and acquisitions by evaluating and integrating benefits programs.
- Maintain benefits databases and ensure up-to-date record-keeping.
- Work closely with finance to budget and forecast benefits-related expenses.

Ideal Candidate

The ideal candidate for the Senior Benefits Analyst role will possess a Bachelor's degree in Human Resources, Business Administration, Finance, or a related field, along with at least 5-7 years of experience in benefits administration or a comparable analytical position. This individual will have an in-depth knowledge of various employee benefits programs such as health insurance, retirement plans, and wellness programs, paired with a profound understanding of federal, state, and local regulations relevant to employee benefits. They will be adept at conducting cost/benefit analyses, financial impact evaluations, and market benchmarking, with a particular proficiency in HRIS and benefits administration software. Exhibiting exceptional analytical, problem-solving, and advanced Excel skills, the candidate will demonstrate superior attention to detail, accuracy, and organizational capabilities. Furthermore, they will have strong interpersonal and communication skills to provide detailed reports, presentations, and serve as the primary liaison for employees and external vendors. Their project management skills and ability to juggle multiple priorities seamlessly will be complemented by their leadership and team collaboration abilities. High ethical standards and a proactive, strategic mindset are essential, ensuring the candidate can handle sensitive information discretely and navigate complex issues effectively while maintaining strong relationships with stakeholders. This individual will show resilience, adaptability, and a commitment to continuous improvement and employee well-being, making them a strategic partner in driving the company's benefits programs forward.

On a typical day, you will...

- Analyze and monitor employee benefits programs, including health insurance, retirement plans, and wellness programs.
- Conduct cost/benefit analysis to evaluate the effectiveness and financial impact of benefit plans.
- Provide detailed reports and presentations on benefits-related data and trends to senior management.
- Serve as the primary point of contact for employees regarding benefits-related inquiries.
- Assist in the development and implementation of new benefits policies and procedures.
- Liaise with external benefit vendors and brokers to negotiate and manage contracts.
- Ensure compliance with federal, state, and local regulations related to employee benefits.
- Coordinate and manage annual benefits enrollment processes.
- Collaborate with the HR and Payroll departments to ensure accurate and timely benefits administration.
- Review and update benefits communication materials for employees.
- Determine employee eligibility for benefits and oversee the proper enrollment processes.
- Handle the resolution of escalated benefits issues and complaints.
- Monitor and evaluate the impact of legislative changes on benefits programs.
- Conduct regular audits of benefits data to ensure accuracy and compliance.
- Provide training and support to junior benefits analysts and HR staff.
- Develop and implement comprehensive wellness programs to promote employee health.
- Analyze market data to benchmark company benefits against industry standards.
- Support mergers and acquisitions by evaluating and integrating benefits programs.
- Maintain benefits databases and ensure up-to-date record-keeping.
- Work closely with finance to budget and forecast benefits-related expenses.

What we are looking for

- Exceptional analytical and critical thinking skills
- Strong attention to detail and high level of accuracy
- Excellent communication and interpersonal abilities
- Strong organizational and time management skills
- Proactive approach and ability to anticipate needs
- Demonstrated problem-solving capabilities
- Ability to work independently and as part of a team
- High level of integrity and ethical standards
- Ability to handle sensitive and confidential information with discretion
- Strong negotiation and conflict resolution skills
- Adaptability and willingness to embrace change
- Leadership and mentorship aptitude
- Results-driven and goal-oriented mindset
- High degree of initiative and self-motivation
- Ability to build and maintain positive relationships with stakeholders
- Resilience and ability to thrive in a fast-paced environment
- Strategic thinking with a focus on continuous improvement
- Commitment to employee well-being and corporate health objectives
- Keen understanding of industry trends and best practices
- Strong customer-service orientation and responsiveness

What you can expect (benefits)

- Competitive salary range based on experience and qualifications
- Comprehensive health insurance (medical, dental, vision)
- Flexible spending accounts (FSAs) for healthcare and dependent care
- 401(k) retirement plan with company match
- Paid time off (PTO) including vacation, sick leave, and holidays
- Remote work options and flexible work schedules
- Life insurance and disability benefits
- Employee wellness programs and incentives
- Tuition reimbursement and educational assistance
- Professional development and training opportunities
- Employee assistance program (EAP) for mental health and wellness support
- Onsite fitness center or gym membership discounts
- Employee discount programs and corporate partnerships
- Paid parental leave and family support programs
- Recognition and reward programs for outstanding performance
- Opportunities for career advancement and internal promotions
- Collaborative and inclusive work environment
- Volunteering and community service opportunities
- Transportation and commuter benefits

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