Benefits Analyst

Posted:
10/23/2024, 3:30:32 AM

Location(s):
North Carolina, United States ⋅ Raleigh, North Carolina, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
People & HR

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Position Summary

The Benefit Analyst is responsible for the day-to-day operations of the company’s employee benefits programs, including health insurance, retirement plans, disability insurance, wellness programs, and other related benefits. This position ensures compliance with applicable laws and regulations and acts as a liaison between employees and benefit providers to resolve issues and answer inquiries.

This role requires an individual who is detail-oriented, organized, and passionate about helping employees understand and maximize their benefits.

Key Tasks and Responsibilities

  • Administer Employee Benefits Programs: Administration of health insurance plans, retirement savings plans (e.g., 401(k)), wellness programs, and other benefit programs.

  • Benefit Enrollment and Communication: Facilitate new hire and annual open enrollment processes, provide employee education on benefits options, and assist employees with benefits selection.

  • Compliance and Legal: Ensure company compliance with federal and state regulations related to employee benefits (e.g., COBRA, ACA, FMLA, ERISA, HIPAA).

  • Problem Resolution: Handle employee inquiries related to claims, coverage, and policy interpretation, working with providers to resolve any issues.

  • Benefit Plan Audits: Conduct audits of benefits programs to ensure accuracy and compliance, making recommendations for adjustments when necessary.

  • Record Keeping and Reporting: Maintain accurate and updated employee benefits records, including insurance plan enrollments, contributions, and changes in status. Generate reports as required by management.

  • Employee Support and Education: Provide ongoing support to employees regarding their benefits, helping them navigate and understand their benefits options and coverage.

  • Data Analysis and Recommendations: Analyze the cost and utilization of benefits programs, recommending changes to enhance cost efficiency and employee satisfaction.

  • Leave of Absence Management: Coordinate employee leaves of absence (such as FMLA) and ensure proper documentation and benefit continuation during leaves.

  • Wellbeing: Support global wellbeing strategy.

Qualifications

  • Bachelor’s degree in Human Resources, Business Administration, or a related field preferred

  •  Professional certifications such as Certified Employee Benefit Specialist (CEBS) or SHRM-CP/SHRM-SCP are preferred but not required

Experience

  • Minimum of 3-5 years of experience administering employee benefits programs.

  • Experience in HR or related fields preferred.

  • Management of internal HR and employee benefit programs

  • Experience in a multinational or global organization preferred

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

10200 Arch Capital Services LLC

Arch Capital Group Ltd

Website: https://archgroup.com/

Headquarter Location: Hamilton, Hamilton, Bermuda

Employee Count: 5001-10000

Year Founded: 1995

IPO Status: Public

Last Funding Type: Post-IPO Equity

Industries: Finance ⋅ Financial Services ⋅ Insurance