Sr. Benefits Analyst
Our South Houston client is seeking a Sr. Benefits Analyst to join their team! You will be responsible for leading the delivery of all benefits and welfare plans, overseeing the open enrollment process, and assisting employees as needed. Other responsibilities include:
- Engage with all external providers (carriers, brokers, etc.) to ensure cost-effective service delivery, resolution of escalated issues, and compliance with plan parameters
- Partner with HR Operations, HRIS, and payroll to ensure data flows, deduction files, and interfaces are properly functioning and tested
- Handle the monthly tracking of benefit and claim costs between the outside broker and finance; identifying root cause for changes to costs/trends, and ensuring projections are updated as needed
- Closely manage and understand claim costs, trends, and key drivers of overall spend across each benefit program; making recommendations as needed to potentially mitigate costs
- Collaborate with internal stakeholders to ensure benefit offerings are well understood, changes are communicated effectively and escalated issues are resolved accurately and timely
- Support the annual review and renewal process for all benefits programs. Participate in the assessment and impact of plan or carrier changes, financial assessment of changes, and review of vendor performance and service standards
- Supporting the rewards team in other initiatives or projects
Education & Experience:
- 5 years of related experience in overseeing employee benefit programs
- Experience managing varied outside providers and service providers; maximizing relationships while holding vendors accountable for delivering outstanding service
- High level of familiarity with HR systems, data flows, and running standard reports
- Meaningful experience in health and welfare/wellness design, strategy, implementation, and vendor management
Knowledge, Skills & Abilities:
- Knowledge of health & welfare plans, design, and financial drivers. Experience with retirement/defined contribution plans is a plus
- Knowledge of compliance-related requirements including HIPAA, ACA, ERISA, FMLA, COBRA
- Highly detail-oriented, process-focused, and analytical problem solver
- Demonstrated service orientation; ability to partner with HR and managers to develop/assist with benefit programs, policy interpretation, and processes
- Ability to ensure operational processes are flawlessly executed while defining the broader engagement and delivery strategy