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Benefit Analyst

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POST DATE 8/17/2016
END DATE 11/10/2016

UNFI Providence, RI

Company
UNFI
Job Classification
Full Time
Company Ref #
8125-935
AJE Ref #
575907263
Location
Providence, RI
Experience
Mid-Career (2 - 15 years)
Job Type
Regular
Education
Bachelors Degree

JOB DESCRIPTION

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Job Description

ESSENTIAL FUNCTIONS AND BASIC DUTIES:

General Duties

* Analyze employee utilization of health & welfare and retirement programs, identify trends, and develop specific recommendations for review by management.

* Analyze bank and financial statements, process payroll contributions, daily recordkeeping, communicate with retirement plan participants and plan sponsors, and process various daily retirement plan transactions, complete government forms and compliance testing

* Conduct industry-wide benefit surveys, analyze results, and recommend changes to ensure the maintenance of competitive benefit programs.

* Lead/coordinate wellness activities, and develops and implements ongoing wellness programs tracking participation and results.

* Oversees and identifies claim issues/trends by working with Field HR and insurance companies to resolve applicable issues; then reports any issues and trends to the Manager.

* Performs all transactional duties in relation to administering medical, dental, vision, life, flexible spending and retirement benefits. Assist in the counseling of employees regarding the use of benefits.

* Assists in identifying and writing standard operating procedures and guidelines for important functions for associates and staff to follow. i.e. Benefits Under Time off, Benefit Under Unpaid Illness or Disability Leave, etc.

* Ensures all benefit plan documents, summary plan descriptions, booklets and information brochures are accurate and current for dissemination.

* May collaborates with Payroll/Finance and other departments to ensure billing and payroll deductions are accurate.

* Must maintain confidential information regarding the personal and medical history of company associates.

* Performs other job duties as required

Health & Welfare Duties

* Plans, conducts and implements annual open enrollment.

* Ensures all benefit plan documents, summary plan descriptions, booklets and information brochures are accurate and current for dissemination. Involves knowledge of compliance requirements for each document.

* Analyze, compute, and makes the modifications into the benefits system for the annual benefits rates changes for each plan. Works with payroll and HRIT as needed.

* Is knowledgeable of each group insurance policy and maintains statistical data relative to premiums, claims and costs.

* Prepares and maintains metrics for all health and welfare plans tracking costs and identifying trends.

* Provides a summary overview of the eligible benefit offerings to newly employed associates.

* Oversees and identifies claim issues/trends by working with Field HR and insurance companies to resolve applicable issues; then reports any issues and trends to the Manager.

* Performs all transactional duties in relation to administering medical, dental, vision, life, flexible spending and retirement benefits. Assist in the counseling of employees regarding the use of benefits.

Retirement Benefits Duties

* Possesses compliance knowledge and able to perform highly complex duties in the administration of 401(k), deferred compensation and ESOP plans.

* Ensures the weekly funding of the plans is accurate (payroll reconciliation) and timely, per the DOL and IRS regulations.

* Works with External Auditors each year, providing necessary documents and in reviewing the financial reports for the plans prior to submission to senior management.

* Assists in identifying and writing standard operating procedures and guidelines for important functions for associates and staff to follow. i.e. Benefits Under Time off, Benefit Under Unpaid Illness or Disability Leave, etc.

* Develops and revises Summary Plan Description and Plan Documents as needed and on a timely basis.

* Lead retirement plan mergers and annual ESOP allocation including data integrity and validation of all compensation and eligibility requirements in accordance with Plan Documents.

Canadian Benefit Duties

* Works with vendor to prepare annual Canadian renewal rates and for upper management to review and approve.

* Prepares associate communications (summary of benefits, etc., benefits orientation, etc.) for local HR to distribute.



Other duties as assigned

QUALIFICATIONS:

Education/Certification: (Bachelor s Degree in Business or related degree or equivalent work experience



Experience Required:

* At least 5 years of experience in benefits administration, preferably in a corporate environment.

* CEBS, PHR or SPHR certification is a plus

* Equivalent combination of education and/or experience will be considered.

* System implementation experience is preferred.

Required Knowledge:

* Experience in administering benefit plans, particularly self-insured health and defined contribution retirement plans is preferred.

* Knowledge of federal and state benefit laws and regulations.



Skills/Abilities:

* Must be highly proficient in Excel, Word and PowerPoint

* Strong oral and written communication skills.

* Attention to detail and proven analytical ability.

* Strong organizational skills and demonstrated project management capability.

* Focus on delivering quality customer service.

* Must be highly proficient in MS PowerPoint, Excel and Word

* Ability to work collaboratively in a team environment.

We are an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or any other protected class.