23 days old

Senior Benefits Analyst-Health & Welfare

Medline
Northfield, IL
  • Job Code
    BEN01000U
Medline's HR team has an exciting opportunity for a Senior Benefits Analyst-Health and Welfare based at our headquarters in Northfield, IL. We are looking for an exceptional benefits professional who thrives in an extremely fast-paced and entrepreneurial environment. Under little to no supervision, the Senior Analyst conducts analysis and research to support management in developing and administering effective health and welfare benefits programs in accordance with Medline's reward strategy. Using strong analytical skills and knowledge of health and welfare benefit plans to assist with the plan and program design, the Analyst develops metrics and financial tracking, and works closely with other departments to manage benefit system requirements and/or program spend. In addition, this individual assists with policy, process and procedure development and vendor management; analyzes and reports on benefit program utilization trends across the organization and makes recommendations for improvement; develops and implements administration of employee benefit programs in compliance with existing policies and legal; and assists with reviewing, troubleshooting and resolving data integrity and/or plan documentation issues.

Key responsibilities:

  • Provide in-depth research and/or analytics to support analysis, design and administration of employee benefit programs, including utilization, trends and opportunities for benefit system or program improvement.
  • Serve as subject matter expert (SME) for benefit data and plan designs, including researching and analyzing data, creating reports and presentations, preparing reconciliations and recommendations, etc.
  • Ensure accuracy of employee and benefit database via audits and system correction; perform reconciliation of benefit vendor data files and/or invoices. Engage in analysis, evaluation, design, development and implementation of health and welfare benefit plan modifications and enhancements.
  • Prepare and manage benefit standard operating procedures (SOPs). Review, troubleshoot and resolve data integrity and/or plan compliance documentation issues. Troubleshoot errors affecting company benefit plans and correct them within legal and/or plan guidelines. Active management of benefit insurance vendors and third party administrators.
  • Provide reporting and benchmark data to identify benefit trends and develop executive updates. Participate in marketing of benefit plans, service providers and programs, including facilitation of requests for proposals, vendor evaluation and selection. Be actively involved with implementation and launch of new benefit plans, service providers and programs.
  • Assist with internal and external audits, ensuring health and welfare benefit plan design and operation is consistent with plan documentation as well as SOP and compliance requirements.
  • Provide or assist with compilation of necessary data or documentation for compliance related submissions and/or employee communications including Form 5500, Summary Annual Reports (SARs), Summary Plan Descriptions (SPDs) and Summary of Material Modifications (SMMs) ACA, Notice of Creditable Coverage, and various state requirements.
  • Collaborate on special projects with other key stakeholders such as Payroll, IS and other HR teams; function as subject matter expert on benefits in these projects.

  • Bachelor's degree
  • At least 5 years of employee health and welfare benefit plan design and financial analysis and benefit administration experience
  • At least 3 years of experience providing analytical support and problem solving of benefit plan related problems/issues to employees and their spouses
  • At least 3 years of experience with benefit plan design and financial analysis of benefit plans
  • Experience reading and interpreting documents such as insurance and health plan documents
  • Experience analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvements and find solutions
  • Experience applying mathematical concepts and formulas to solve problems
  • Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered page and/or creating a pivot table)
  • Comprehensive knowledge of flexible benefit program benefit practices, trends, methods and pertinent federal and state regulations, filing and compliance requirements affecting employee benefit programs including, but not limited to: ERISA, FMLA, IRC Section 125, Workers' Compensation, Medicare/Social Security, OSHA, ADA and COBRA preferred






Posted: 2018-09-27 Expires: 2018-10-26
Sponsored by:
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Sponsored by:
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Senior Benefits Analyst-Health & Welfare

Medline
Northfield, IL

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