Benefits Analyst - Finance/Accounting
Description Your Role The Benefits Analyst – Finance/Accounting is responsible for financial oversight, reporting, and complex analytical support for the organization’s health and welfare benefit programs. This role plays a critical part in managing benefit plan financial operations, including invoice validation, self-billing processes, cost tracking, and variance analysis. The position partners closely with Finance, Payroll, HR, and third-party vendors to ensure accurate benefit spend forecasting, compliance with regulatory requirements, and timely resolution of discrepancies. A strong focus on data integrity, internal controls, and process improvement is essential to support effective and compliant benefit plan administration. Your Impact Financial Oversight, Reporting & Analysis
- Assist the Senior Benefits Manager with benefit plan spend tracking, cost driver analysis, and forecasting.
- Perform complex reconciliations and financial analytics related to benefit plan expenses.
- Validate, audit, and submit benefit vendor invoices for payment; execute and monitor self-billing processes.
- Prepare internal statistical, operational, and financial reports to support decision-making.
- Ensure Flexible Spending Account (FSA) plans are appropriately funded and reconciled.
Plan Administration, Program Support & Projects
- Support ongoing administration of associate benefit plans (medical, dental, vision, life, disability, etc.).
- Lead benefit eligibility tracking and enrollment reporting activities.
- Assist with plan audits and required regulatory filings.
- Participate in major initiatives such as open enrollment, implementation of new benefit plans, and system changes.
Compliance & Risk Management
- Support compliance efforts related to ACA, ERISA, COBRA, HIPAA, and other applicable regulations.
- Maintain strong internal controls through detailed validation, documentation, and audit readiness.
Vendor Management & Cross-Functional Collaboration
- Attend and actively participate in vendor meetings; work with third-party providers to resolve discrepancies.
- Collaborate cross-functionally with Finance, Payroll, and HR partners.
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