SPECTRUM Hiring for Sr. Benefits Analyst – Hybrid Job at Saint Louis, MO Full Time

JOB SUMMARY
This job is responsible for analysis of Health, Welfare, and/or Retirement plans to track cost, identify developing trends and recommend programs and/or plan design changes to control healthcare and/or retirement expenses. This includes data driven recommendations on plan improvements and new programs.

MAJOR DUTIES AND RESPONSIBILITIES

• Actively and consistently support all efforts to simplify and enhance the customer experience
• Assist with the development of benefit programs to meet the changing needs of the company and employees
• Analyze detailed data to track and develop forecasts on benefit costs and trends on a monthly basis
• Perform statistical analysis and review of applicable employee benefit plan expenses and premiums including rate review
• Complete monthly benefit billing report and reconciliation to ensure vendor invoices are paid timely and accurately
• Process non-discrimination testing for FSA in partnership with our external vendor compliance team
• Assist with the annual Open Enrollment process, which includes communication reviews, web testing, analysis and reporting
• Assist with the maintenance and updates as needed of the Total Rewards Platform
• Address and provide resolution to escalated employee benefit related issues
• Update annual benefit rate validation report to ensure Accounting and HRT are informed in advance as benefit rates change
• Responsible to ensure accurate benefit rates are reflected in AON admin system and testing of Payroll deductions to ensure accuracy
• Assist in overseeing assigned benefit vendors and work closely with internal payroll, HRT, compensation and HR teams to ensure that deliverables are received accurately and on a timely basis
• Complete benefit surveys to assist in benchmarking, as requested
• Assist with Plan document development and distribution of Summary of Material Modifications and Summary Plan Documents, as required
• Data entry of employee enrollment change information, as needed
• Assist with vendor management. Resolution of complex escalations for appropriate vendors
• Coordination with Legal for disability and leave related litigation, and requests for plan information
• Assist with Leave and PTO policies. Development and distribution of required PTO notices
• Perform other related duties and assist in other areas of the employee benefit programs as needed

REQUIRED QUALIFICATIONS
Required Skills/Abilities and Knowledge

• Ability to evaluate systems and procedures and develop improvements
• Ability to analyze and interpret data
• Ability to maintain confidentiality and adhere to the highest degree of professional standards
• Ability to manage multiple projects at one time
• Ability to document in a clear and straightforward manner
• Ability to prioritize and organize effectively in a fast paced environment
• Ability to show judgment and initiative to accomplish responsibilities in a timely manner
• Ability to read, write and speak the English language to communicate with employees, peers, benefit vendors, in person, on the phone, and by written communications in a clear, straight-forward, and professional manner
• Ability to interact positively and communicate with all levels of staff and management.
• Ability to use personal computer and software applications (i.e. Microsoft Word, Excel, PowerPoint, and Outlook required)
• Ability to work independently
• Ability to pay attention to detail
• Demonstrated analytical skills, including advanced Excel skills
• Knowledge of employee benefit plans, policies and procedures
• Knowledge of state and federal laws regarding ERISA, HIPAA and FMLA
• Knowledge of HRIS systems (e.g. PeopleSoft)

Required Education
Bachelor’s degree HR, Finance/Accounting or related field or equivalent experience

Required Related Work Experience and Number of Years
Benefits experience – 5+

PREFERRED QUALIFICATIONS
Preferred Skills/Abilities and Knowledge

Preferred Education

Preferred Related Work Experience and Number of Years

WORKING CONDITIONS
Office environment

PHYSICAL AND MENTAL REQUIREMENTS
Physical Requirements

Mental Requirements

HBN335-HR 318032 318032BR