Benefit Data Analyst

Job Description

Benefit Analyst

Reporting to the Benefits Manager, the Benefit Analyst II under minimal supervision, provides employee benefits support by partnering with third-party administrators and producers to enhance and solidify client relationships and by meeting or exceeding workflow standards with a strong focus on data integrity, analytics, technical support, and staff satisfaction. Manages assigned projects, engaging internal and external resources to ensure timely completion. Serves as subject matter expert for administration and governance of health and welfare plans. This exciting and significant role will be integral in providing support to the benefits team.
This role is based in IRVING, TX.

Essential Duties and Responsibilities
• Completes reconciliations for all benefits plans (medical, dental, vision, HSA/FSA and supplemental) and ensuring all premiums from either employer or employee are correct.
• Assist with benefits billing by reconciling all group benefits bills and resolving all billing discrepancies.
• Partners with the vendors to identify issues in their processes that impact the reconciliations by analyzing the discrepancy report.
• Audits payroll arrearages and reconciles export file reports before payroll deadlines.
• Gather employee data and oversee the processing of monthly billings and the preparation of vouchers for payment of administrative fees for all group plans.
• Allocate group health and dental claims monthly and review quarterly.
• Perform plan audits. Prepare, collect, and organize data for actuarial assessments. Review data in conjunction with actuarial evaluation task forces.
• Works with TPA for weekly file integration transmittals and data accuracy to include employee demographics, dependent information, life changes, etc.
• Monitors enrollment platform to ensure all functionalities are working appropriately including processing life events, changes, payroll deductions, etc.
• Survey industry trends. Complete benefits surveys and review information obtained from the results. Analyze complex benefits information. Forecast trends and assist with future benefits designs. Develop specific recommendations for review by management.
• Monitors relevant eligibility reports and flags any employees that may be falling into a potential liability and communicates findings to upper management.
• Identifies and enters adjustments while identifying reasons causing adjustments and trends to significantly reduce totals each year.
• Create meaningful comparisons to use data to drive future results of the benefits functions.
• Responsible for the administration of the health and welfare benefit plans in accordance with plan documents, federal and state laws, to include the interpretation of benefit programs and procedures for all plans.
• May function as the department liaison with vendors to facilitate resolution of system related issues pertaining to benefits.
• Runs audits to ensure address accuracy prior to W2s and 1095-C forms being mailed.
• Assists with promoting the benefits plans during the annual enrollment.
• Works with internal staff and external vendors to arrive at resolution.
• Evaluate and revise internal processes to reduce costs and increase departmental efficiency.
• Support M&A activity during due diligence and implementation.
• Participate in annual enrollment activities, including user acceptance testing.
• Maintains employee confidential records while adhering to HIPPA requirements.
• Perform special projects and other duties as assigned.

Required Skills/Abilities
• Extensive knowledge of employee benefits and applicable laws.
• Excellent written and verbal communication skills.
• Excellent organizational and time management skills.
• Ability to effectively respond to complex inquiries or complaints from clients, co-workers, supervisor and/or management.
• Ability to present information to an internal department and/or large groups of employees.
• Ability to manage multiple priorities effectively with little supervision.
• Excellent attention to detail and follow-up.
• Advanced proficiency in Excel and Microsoft Office Suite or similar software
• Workday experience preferred.

Education and Experience
• Bachelor's degree or 3-5 years of benefits administration and technical knowledge, supporting large, complex benefit programs.
• Knowledge of benefit regulations (COBRA, HIPAA, ERISA, IRS Section 125, FMLA, ADA, etc.)
• Project management experience a plus.
• SHRM-CP or SHRM-SCP and CEBS professional designations preferred.

Physical Requirements:
• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up-to 15 pounds at a time.

Jobcode: Reference SBJ-g62bw9-3-139-81-58-42 in your application.