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The Benefits Analyst will serve in an informal leadership capacity in the human resources department. The Benefits Analyst will be responsible for training and mentoring benefit team members, leading large scale, complex project teams, coordinating and assigning workload of team members. The Benefits Analyst is responsible for documenting process changes and leading process improvement initiatives. In addition to the incumbent’s leadership responsibilities, the Benefits Analyst assists with the development, implementation and administration of benefit programs. The analyst develops plan materials, leads projects, and monitors market trends to ensure program effectiveness. The role designs and executes solutions based on business goals and strategy and administers system-wide benefit programs. Identifies and implements opportunities for plan improvements to benefit programs based on market analysis to ensure external competitiveness. The analyst provides strategic guidance and direction to leaders, employees, retirees, and human resource staff on the system-wide benefit programs. In addition, the analyst works with Payroll, Recruitment, HR, HRIS, Information Systems and Finance to implement and communicate various benefit data and changes along with answering general and complex questions.
Job Responsibility:
Calculates employee benefit coverage for profit sharing/pension benefits, retirement savings plans, disability plans, group medical, dental, life insurance as well as other employee benefit programs
Identifies and implements opportunities for plan improvements based on market analysis
Reviews and analyzes employee/physician benefit plans to ensure compliance with federal and state regulations
Participates in the development of plan descriptions, handbooks, and training programs
Prepares reports and forms to ensure TDX’s compliance with the Employee Retirement Income and Security Act (ERISA)
Assembles documentation to assist in calculating annual budget, enhance effectiveness of programs, control costs and ensure adherence to legal and regulatory standards
Assists in finding opportunities to control benefit costs through the negotiation of benefit contract terms, the competitive bid process, and ensuring the existence of effective and efficient administration
May serve as a resource and mentor to other staff on problem solving routine to complex issues related to program policies and procedures
Collects and compiles key HR metrics and data from a variety of sources
Analyzes data and statistics for trends and patterns with attention toward benefits enrollment, absenteeism, leave use, recruitment, motivation, turnover, and compliance with employment laws and regulations
Researches or coordinates with appropriate benefits administration staff to research alternatives for health, wellness, and retirement plans and benefit providers
Ensures compliance with data privacy regulations and best practices
May assist HR leadership with staffing, recruiting, and departmental budgets
May guide and/or assist with performance, benefit, and compensation review and evaluation processes
Performs other duties as assigned
Requirements:
Minimum bachelor's degree in human resources or 5 years of commensurate work experience in related field, or any equivalent combination of education and experience that provides the required knowledge, skills, and abilities
Minimum three (3) years of direct human resources experience required
Excellent computer skills in a MS Windows environment to include word excel, power point, with skills in database management and record keeping
Nice to have:
Preferred to have a degree in business administration, or related field required