Sr. Benefits Analyst - Contract

Description

The Sr. Benefits Analyst will be responsible for driving Pennymac's benefits function: performing extensive plan analysis, design, and modeling for all health and welfare benefits plans. As the Sr. Analyst, you will also be responsible for all compliance-related activities (required audits and IRS filings) as well as managing all vendor relationships (examples include broker, insurance carriers, wellness, and 401k recordkeeper).

The Sr. Benefits Analyst will:

• Recommend benefits programs to sr. management by studying employee requirements and usage trends, and developments in benefits offered by competing organizations

• Prepare and execute, with legal consultation, benefit documentation such as original and amended plan texts, agreements, and policies

• Conduct research, analyze data, and prepare recommendations requiring a broad understanding of benefit plans and practices

• Instruct broker representatives and other third-party administrators to effect approved plan changes

• Conduct plan-related financial analyses and reconciliations

• Handle employee benefit inquiries and complaints to ensure quick, equitable, courteous resolution

• Perform other related duties as required and assigned

• Demonstrate behaviors which are aligned with the organization's desired culture and values

Qualifications

• Bachelor's degree in Human Resources Management, Business Administration, Finance or related field, or equivalent work experience preferred

• 3+ years of relevant work experience

• Deep understanding of plan design concepts and issues

• Advanced skill set in Microsoft Excel

• Experience with self-insured plans preferred

• Experience in health insurance industry is ideal or finance helpful

• Experience with interacting with finance and accounting departments

• Project Management experience

Top qualities from manager for this role

• Reconciliation and Payroll experience is a must (Reconciling all our carriers bills each month to ensure all Employees that are on it are there and anyone termed aren't)

• Payroll specifics: 401k contributions, HSA, adjustments, monthly billing etc.

• Excel and Analytics is a focus - working with excel to create reports, reading reporting and data for monthly business reviews

• Compensation experience is a plus (previous finance industry is great, but anything in a corporate type compensation structure)

Skills

Compensation analysis, excel pivot tables, v-lookups, Data analysis, benefit analysis, Reconciling data

Top Skills Details

Compensation analysis,excel pivot tables,v-lookups,Data analysis

Additional Skills & Qualifications:

Strong Analytics

Payroll adjustment- Updating Qualifying event and updated adjustment events.

401k contribution- make sure everything matches from 401k and internal.

HSA contributions- Running report and making sure everything checks out ok.

LOA insurance follows up and verify. Work with COPA

Invoicing for Carries

Experience Level

Expert Level

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.