Benefits Analyst I
Durham, NC - USA
Job Summary
Labcorp is a global leader in laboratory services providing the insights and answers that help healthcare providers patients researchers pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science data technology and laboratory network we advance diagnostics accelerate innovation and help address some of the worlds most important health challenges. As we shape the future of healthcare we are leveraging advanced technologies intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise youll have the opportunity to do meaningful work grow your career and make a real impact on peoples health around the world. Together were improving health and improving lives.
Labcorp is seeking a Benefits Analyst to join our team at Durham NC with the flexibility of a hybrid work schedule!
Job Responsibilities:
Benefits Administration
Serve as subject matter expert for benefit programs
Administer health welfare retirement and voluntary benefit programs
Support HSA FSA commuter COBRA and wellness programs
Resolve employee benefit inquiries through case management tools
Partner with HR and internal teams to ensure smooth operations
Assist with Annual Enrollment planning and execution including testing communications and issue tracking
Compliance
Ensure compliance with ERISA IRS DOL ACA HIPAA regulations
Support Form 5500 filings nondiscrimination testing and required notices
Participate in audits andmaintaindocumentation
Support Vendor Risk Assessments (VRAs)
Data Reporting & Analysis
Develop andmaintainreports and dashboards
Perform advanced Excel analysis (pivot tables reconciliation trends)
Conduct payroll and benefits deduction audits
Support benchmarking and survey submissions
Drive process and operational improvements
HR Technology & Integrations
Partner with HR Technology Payroll and vendors on integrations and data feeds
Troubleshoot integration errors and data discrepancies
Support system testing including annual enrollment
Identifyautomation opportunities
Vendor Management
Support vendor relationships and issue resolution
Participate in vendor implementations and renewals
Work with consultants and brokers on program delivery
Financial & Audit Support
Support benefit funding and billing reconciliation
Validate enrollment and eligibility accuracy
Assistwith retirement plan funding and reporting
Minimum Qualifications
Bachelors degree in HR Business Finance or related field
3 or more years of benefits experience
Preferred Qualifications:
1 or more years experience with Workday or similar HCM Systems
1 or more years experience with benefits integrations
1 or more years experience with ERISA ACA COBRA IRS regulations
Additional Job Standards
Critical thinking and sound judgment with ability to analyze and resolve problems.
Highly effective written and verbal communication skills to interact with all levels of leadership
Ability to collaborate cross-functionally working with various internal and external partners
High attention to detail
Advanced Excel skills
The Benefits Analyst U.S. is responsible for the administration compliance and continuous improvement of employee benefit programs including health & welfare retirement and voluntary benefits. Partners with HR Payroll HR Technology and external vendors to ensureaccuratedelivery regulatory compliance anda high-quality employee experience. Supports data analysis reporting system integrations and vendor management.
Applicants who live within 35 miles of either the Burlington NC or Durham NC location will follow a hybrid schedule. This schedule includes a minimum of three in-office days per week at an assigned location either Burlington or Durham supporting both collaboration and flexibility.
Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical Dental Vision Life STD/LTD 401(k) Paid Time Off (PTO) or Flexible Time Off (FTO) Tuition Reimbursement and Employee Stock Purchase Plan.Employees regularly scheduled to work less than 20 hours Casual Intern and Temporary employees are only eligible to participate in the 401(k) Plan.Employees who are regularly scheduled toworka 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO. For more detailed information pleaseclick here.
Labcorp is proud to be an Equal Opportunity Employer:
Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) family or parental status marital civil union or domestic partnership status sexual orientation gender identity gender expression personal appearance age veteran status disability genetic information or any other legally protected characteristic. Additionally all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.
We encourage all to apply
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Required Experience:
IC
About Company
Labcorp helps patients, providers, organizations, and biopharma companies to guide vital healthcare decisions each and every day.