Benefits Analyst
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Job Location:
Long Grove, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
13 hours ago
Vacancies:
1 Vacancy
Job Summary
The Benefits Analyst is responsible for managing analyzing and optimizing an organizations employee benefits programs such as health insurance retirement plans and wellness initiatives. Their primary goal is to ensure that benefit offerings are competitive cost-effective compliant with regulations and support employee satisfaction and retention.
Principle Responsibilities
- Program Administration: Administer day-to-day operations of benefits plans (e.g. health dental vision 401(k) leave of absence programs). This includes managing enrollment processes for new hires and during annual open enrollment periods as well as processing changes and terminations.
- Data Analysis & Reporting: Collect and analyze data on benefits utilization costs and market trends to identify opportunities for improvement and cost-saving strategies. Prepare reports and presentations for management to inform decision-making.
- Compliance: Ensure all benefit programs comply with federal state and local laws and regulations such as the ACA ERISA HIPAA and COBRA. This may involve preparing and submitting required compliance filings (e.g. Form 5500s).
- Vendor Management: Collaborate with external vendors insurance carriers and brokers to manage contracts resolve claims issues and ensure effective service delivery.
- Employee Communication & Support: Serve as a primary point of contact for employee benefits questions explaining options and procedures clearly and with discretion for confidential information. Develop communication materials handbooks and host educational meetings or orientations.
- Strategy & Recommendations: Research industry best practices to benchmark the companys offerings and recommend enhancements to existing plans or the introduction of new programs to attract and retain talent.
Qualifications :
Competencies
- Exceptional organizational interpersonal and communication skills both oral and written
- Eagerness to work independently as well as part of a team with flexibility and willingness to learn and take initiative on a variety of tasks and projects in a fast-paced environment
- Ability to maintain confidentiality of information and exercise good judgment and discretion in handling and disseminating information
- Highly detail-oriented with the ability to handle shifting deadlines and priorities
- High level of commitment sound judgment excellent follow-through and initiative
Education/Experience
- Bachelors degree preferably in Business Administration Human Resources Management or equivalent experience
- Three years of Benefits experience in a medium-sized organization with employees in multiple states.
- Strong working knowledge of governmental regulations related to benefits such as ADA FMLA HIPAA COBRA ERISA FLSA and ACA.
- Demonstrated experience in the administration of various benefit programs including medical dental vision EAP life insurance and disability
- Experience working with highly confidential information while maintaining discretion.
The posted salary range for this position is $65000 to $85000 annually. Final compensation will be determined based on the candidates skills experience and qualifications.
Additional Information :
All your information will be kept confidential according to EEO guidelines.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Sales Experience
- Microsoft Office
- Customer Service
- Communication skills
- Microsoft Outlook
- Microsoft Word
- Business Management
- Benefits Administration
- Microsoft Excel
- Insurance Sales
- Customer relationship management
- Human Resources
About Company
Join our vertically integrated team at MAT Holdings, Inc., a leading global manufacturer with a 40-year history. We're proud to provide employment opportunities for more than 14,000 employees across 12 countries. Headquartered in Long Grove, Illinois, we have over 40 factories on thre ... View more
