Location: New York,NY, USA
The Sr. Benefits Analyst will have primary responsibility for the overall compliance of all US benefit programs, as well as interpreting and maintaining policies and procedures. The Sr. Analyst will be responsible for ensuring compliance requirements are upheld in partnership with regulatory agencies.This individual will ensure effective administration & communication of all health & welfare processes with third party administrators, HR Shared Services, and vendors. They will effectively build partnerships with benefits vendors and support vendor management processes.The Sr. Analyst will monitor, analyze and recommend compliance actions for new and evolving benefits legislation. In addition, they will work closely with internal and external partners to ensure compliance and mitigate risk, counsel Employee Services on benefits-related employee issues, and handle escalated employee concerns.Location: This position is in-person with a hybrid schedule based at our New York, NY Corporate Headquarters or Parsippany, NJ Office.Key Accountabilities:Benefits Compliance and Plan Audits:Maintains and updates employee benefit materials to ensure accurate and effective communication of benefit programs including but not limited to annual review of and manage certain plan documents, SPD's, SBC's and SAR's, SMM's and regulatory noticesUpdates policy and procedural documents and forms and ensures compliant distribution processes are metResponsible for the collection and analysis of data necessary to complete government compliance activities and testing processes, as required including but not limited to SOX Testing, SAR's (401K, Pension & Health Plans), 5500's, COBRA compliance, and health and welfare Non-Discrimination Testing, The San Francisco City Option Program, ACA reporting (1095C), RDS, and annual auditsLeads annual Defined Contribution Non-Discrimination Testing process along with communicating and funding employer contributionsOversees entire ACA process, including enrollment offering and continuous monitoring of eligibilityAssures processes and procedures are in place to capture and maintain consistent and accurate benefit related dataResponsible for pension plan compliance including annual address and alive audits, annual notices, missing participant process, forced RMD commencements and coordinates the first-level pension appeals processConduct internal audits to monitor data related to health and welfare plans including demographic data needed for benefit enrollmentRecommend, implement, and train teams on compliance practices to keep up with regulatorychanges affecting benefit plansBenefits Implementation and Administration:(Benefits Administration & Processes)Leads user acceptance testing during implementation of approved new benefit plansCompiles and generates various benefits information reports to conduct analysis and evaluation of benefit programs for continued enhancement and improvementAnalyzes available data to evaluate benefits program metricsMaintains all benefit related processes with a continuous improvement mindsetPartner with HRIS administration team to ensure benefit administrative tasks are administered accuratelySupports other benefits projects (as needed), at the discretion of the Total Rewards leadership teamBudget Reconciliation & Auditing:Audits benefit plan invoices and program membership/enrollment as well as reports to ensure accurate employee levels and benefit cost liabilityThe hiring range for this position ranges from $92,310 - $124,890. The rate of pay offered will be dependent upon candidates' relevant skills and experience.Required Qualifications:• Bachelor's degree• 5-7 years of experience with benefits administration• Ability to interact with employees across all levels and functions within the organization• Demonstrated ability to anticipate and respond to questions properly to ensure they are understood and tailored to the individual (knowing what drives them, how messages will be received, etc.).• Ability to effectively manage prioritization of workload and meet deadlines• Exceptional oral and written communication skills; ability to deliver information in a concise manner• Ability to work independently with minimal supervision, but also enjoy working as part of a team• Proactive and innovative individual who demonstrates good judgment• Maintains calm in fast-paced environment• A client-centric attitude and ability to think differently to evolve status quo• High level of professionalism with ability to handle sensitive and confidential information• Meticulous attention to detail• Highly computer literate in all aspects of Microsoft OfficePreferred Qualifications:• Multi-lingual• Experience / exposure to health education and promotion• Certifications in health promotion field (i.e. - CEBS)Minimum Salary: 92,310 Maximum Salary: 124,890 Salary Unit: Yearly