Remote Benefits Analyst

Annual Salary: $70,210
Job Type: Full-time, Remote

Job Summary
We seek an experienced and detail-oriented Benefits Analyst to join our team in a fully remote capacity. The Benefits Analyst will critically analyze, administer, and manage our employee benefits programs, including health insurance, retirement plans, wellness programs, and other related offerings. This position requires a strong understanding of benefits administration, excellent analytical skills, and a passion for optimizing employee benefits to enhance engagement and well-being. The ideal candidate should be proactive, resourceful, and capable of working independently while contributing to a collaborative team environment.

Key Responsibilities

1. Benefits Program Administration
   • Administer and manage the day-to-day operations of all employee benefits programs, including health insurance, dental, vision, life insurance, short- and long-term disability, and retirement plans (401(k), pension, etc.).
   • Ensure compliance with applicable laws and regulations (e.g., ACA, HIPAA, ERISA, COBRA, etc.) across all benefits offerings.
   • Handle benefits enrollment, changes, and terminations promptly and maintain accurate employee records.
   • I will serve as employees' primary point of contact regarding benefits inquiries, troubleshooting, and providing information about plan options.
   • Collaborate with external vendors and brokers to ensure proper implementation, renewals, and administration of benefits programs.
2. Benefits Data Analysis
   • Conduct in-depth analysis of benefits utilization and costs, identifying trends and opportunities for optimizing benefit offerings.
   • Prepare regular reports on the performance of benefits programs, including metrics such as participation rates, cost trends, and employee feedback.
   • Utilize data to provide recommendations for improvements to benefits programs that align with both company goals and employee needs.
   • Evaluate the effectiveness of current benefits programs and suggest enhancements to improve employee satisfaction and retention.
   • Monitor market trends and conduct benchmarking studies to ensure competitive and attractive benefits packages.
3. Compliance and Reporting
   • Ensure compliance with all federal, state, and local regulations concerning employee benefits programs.
   • Prepare and file required compliance reports, including 5500 forms and other relevant documentation.
   • Assist with audits related to benefits programs and ensure timely and accurate responses to auditors.
   • Keep current on changes to benefits laws and regulations, advising the HR team on necessary adjustments to policies and programs.
4. Employee Communication and Education
   • Design and implement effective communication strategies to ensure employees are informed about their benefits options. This includes creating materials such as benefits guides, FAQs, and presentations.
   • During open enrollment periods, organize and facilitate benefits orientation sessions and webinars for new hires and existing employees.
   • Provide one-on-one counseling to employees on complex benefits questions or issues as needed.
   • Act as a liaison between employees and benefits providers, resolving claims issues or escalations promptly and professionally.
5. Vendor and Provider Management
   • Build strong relationships with external vendors and benefits providers to ensure quality service delivery.
   • Negotiate with providers to obtain the best pricing and terms for benefits offerings.
   • Monitor vendor performance, address issues, and ensure they meet service-level agreements (SLAs).
6. Continuous Improvement and Special Projects
   • Stay current with emerging employee benefits and wellness program trends and propose new initiatives to enhance employee experience.
   • Participate in special projects as needed, including mergers and acquisitions, system implementations, and benefit redesign efforts.
   • Support the HR team in researching and introducing voluntary benefits and wellness programs that can improve employee well-being.
   • Recommend cost-effective changes or enhancements to benefit plans based on analysis and market trends.

Required Qualifications

• Education: Bachelor’s degree in human resources, business administration, finance, or a related field.
• Experience: Minimum of 3-5 years of experience in benefits administration, human resources, or a related role, preferably in a remote work environment.
• Knowledge: Strong understanding of federal and state regulations governing employee benefits programs. In-depth knowledge of healthcare plans, 401(k), and other benefit plans.
• Technical Skills: Proficiency in HRIS (Human Resources Information Systems) and benefits management software. Advanced Excel skills with the ability to analyze and interpret data effectively.
• Soft Skills: Strong analytical and problem-solving abilities. Excellent communication and interpersonal skills, with the ability to explain complex benefits information clearly and concisely.
• Detail-oriented: Demonstrated ability to handle sensitive information with discretion and accuracy. Must be highly organized and capable of managing multiple priorities simultaneously.
• Team-Oriented: Ability to work independently in a remote environment while contributing to a broader team effort. Strong collaboration skills and a willingness to help other team members as needed.

Preferred Qualifications

• Experience working with benefits programs in a global or multi-state company.
• Certification in Benefits or Human Resources (e.g., CEBS, SHRM-CP, PHR).
• Experience using benefits management platforms such as ADP, Workday, or similar.

Work Environment
This remote position allows you to work anywhere with reliable internet access. The Benefits Analyst will collaborate closely with the HR team, external vendors, and other departments across the organization. The role requires occasional virtual meetings and participation in ongoing projects but offers flexibility and autonomy in managing your workload.

Why Join Us?
We offer a competitive annual salary of $70,210, a comprehensive benefits package, and professional growth and development opportunities. You'll have the chance to make a meaningful impact by ensuring our employees receive the best possible benefits and support while enjoying remote work's flexibility.