Benefits Analyst Senior
Benefits Analyst Senior
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Job Description
Location:
Justin Drive Office Building IShift:
Days (United States of America)Scheduled Weekly Hours:
40Worker Type:
RegularExemption Status:
YesJob Summary:
Reviews analysiss and the administration of retirement (401(k) 403(b) 457(b) 457(f)) and health and welfare employee benefit programs for union and non-union employees. Assures compliance with all applicable state and federal regulation. Responsibilities include recommending programs preparing bid specifications and reviewing contracts explaining benefits and assisting in the business development and planning processes with service providers. Compiles analyzes and reports data; includes employee benefit plans and financials for strategic benefits planning and evaluation best practices and benchmark surveys. Interacts with HRIS representatives to provide benefits operational support. Provides benefit plan interpretation guidance and counsel to employees HRIS representatives HR Consultants and managers and coordinates activities as they relate to benefits administration across various departments including Payroll Human Resources and Legal. Presents information to inform and educate management. Serves as a liaison with service providers in business planning and benefit program interpretation. This position will be responsible for maintaining accurate benefit data and files data analysis developing and implementing best in class solutions for benefits delivery managing assigned vendor relationships performance and implementation participating in strategic and innovation sessions owning and driving process improvement in various areas assisting with open enrollment and other project based work as needed.Job Duties:
- Monitors plan limits eligibility and other restrictions on plan participation to ensure compliance with both plan provisions and government requirements.
- Assist in implementation transition and administration of new and current benefit programs and vendors including administrative procedures legal and compliance documents form creation and maintenance and documentation of processes both internally and with external vendors.
- Performs analysis of plan designs for mergers and acquisitions.
- Collaborates with internal and external partners.
- Perform analysis and evaluation of services coverage and options available through insurance and investment companies to make recommendations regarding programs best meeting needs of organization.
- Develop costs by plan and provide recommendations for enhancements and changes to existing programs that are consistent with benefit objectives and strategies.
- Analyzes participation and utilization for all benefits and uses data to monitor trends recommend plan design changes educational initiatives benefit plan changes vendor changes cost-sharing etc.
- Researches and responds to complex questions from employees HRIS representatives HR Consultants and leaders regarding interpretation of benefits plans including eligibility covered services and exclusions.
- Designs communication of benefit materials in collaboration with internal and external partners (Benefits colleagues PR and M legal HRIS HR etc.).
- Review legal compliance documentation (Plan Documents SPDs SARs SMMs etc.).
- Manage and update Benefit Information on intranet site.
- Develops communication tools to enhance understanding of the companys benefits package.
- Collaborates with manager Benefits Analyst and HRIS on system setups and testing for Retirement Plan administration Open Enrollment employee enrollments COBRA terminations changes beneficiaries disability accident and death claims etc.
- Oversees the transfer of data to external contacts for services including documentation and testing of extract files.
- Investigates discrepancies and provide information in non-routine situations.
- Develops conducts and participates in a variety of presentations to inform and educate management and employees about changes to benefit plans administrative practices and legislated requirements and programs.
- Prepares bid specifications analyze proposals and renewal information and interprets insurance carrier and vendor contracts.
- Assists in the development of business processes.
- Ensures government compliance activities (5500s audits etc.) are completed.
- Assures processes and Standard Operating Procedures (SOPs) are in place to capture and maintains consistent and accurate benefit related data and processes to ensure compliance.
- Oversees Plan Audits; employee data auditing and reporting.
- Researches current benefit trends and regulatory and legislated requirements and recommends programs and changes to the Manager.
- Stay apprised of all legal and legislative changes as they pertain to our benefit plans Oversees the analysis and reports benefit data for employee benefit planning and financials for Benefits strategic planning and evaluation best practices and benchmark surveys.
Work is typically performed in an office environment. Accountable for satisfying all job specific obligations and complying with all organization policies and procedures. The specific statements in this profile are not intended to be all-inclusive. They represent typical elements considered necessary to successfully perform the job.
Position Details:
Education:
Bachelors Degree- (Required)Experience:
Minimum of 5 years-Human Resources (Required)Certification(s) and License(s):
Skills:
Teamwork Working IndependentlyOUR PURPOSE & VALUES: Everything we do is about caring for our patients our members our students our Geisinger family and our communities.
- KINDNESS: We strive to treat everyone as we would hope to be treated ourselves.
- EXCELLENCE: We treasure colleagues who humbly strive for excellence.
- LEARNING: We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow.
- INNOVATION: We constantly seek new and better ways to care for our patients our members our community and the nation.
- SAFETY: We provide a safe environment for our patients and members and the Geisinger family.
We offer healthcare benefits for full time and part time positions from day one including vision dental and domestic partners. Perhaps just as important we encourage an atmosphere of collaboration cooperation and collegiality.
We know that a diverse workforce with unique experiences and backgrounds makes our team stronger. Our patients members and community come from a wide variety of backgrounds and it takes a diverse workforce to make better health easier for all. We are proud to be an affirmative action equal opportunity employer and all qualified applicants will receive consideration for employment regardless to race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran.
Required Experience:
IC
Employment Type
Full-Time
