Benefits Analyst

TDX•Anchorage, AK

About The Position

The Benefits Analyst will serve in an informal leadership capacity in the human resources department. The Benefits Analyst will be responsible for training and mentoring benefit team members, leading large scale, complex project teams, coordinating and assigning workload of team members. The Benefits Analyst is responsible for documenting process changes and leading process improvement initiatives. In addition to the incumbent’s leadership responsibilities, the Benefits Analyst assists with the development, implementation and administration of benefit programs. The analyst develops plan materials, leads projects, and monitors market trends to ensure program effectiveness. The role designs and executes solutions based on business goals and strategy and administers system-wide benefit programs. Identifies and implements opportunities for plan improvements to benefit programs based on market analysis to ensure external competitiveness. The analyst provides strategic guidance and direction to leaders, employees, retirees, and human resource staff on the system-wide benefit programs. In addition, the analyst works with Payroll, Recruitment, HR, HRIS, Information Systems and Finance to implement and communicate various benefit data and changes along with answering general and complex questions.

Requirements

Minimum bachelor's degree in human resources or 5 years of commensurate work experience in related field, or any equivalent combination of education and experience that provides the required knowledge, skills, and abilities.
Minimum three (3) years of direct human resources experience required.
Excellent computer skills in a MS Windows environment to include word excel, power point, with skills in database management and record keeping.
Excellent verbal and written communicational skills
Excellent organizational skills and attention to detail, and ability to manage multiple projects.
Strong analytical and problem-solving skills.
Thorough understanding of local, state, and federal law involving employment, HR, and benefits administration
Proficient with Microsoft Office Suite or related software
Proficient with or the ability to quickly learn the organization’s HRIS, payroll, and similar human resource management software and practices.

Nice To Haves

Preferred to have a degree in business administration, or related field required. Years of experience will satisfy this requirement.

Responsibilities

Calculates employee benefit coverage for profit sharing/pension benefits, retirement savings plans, disability plans, group medical, dental, life insurance as well as other employee benefit programs. Creates statistical reports and analysis capturing data useful to management decision making.
Identifies and implements opportunities for plan improvements based on market analysis to ensure a competitive fringe benefit package. Conducts, participates in, and analyzes local and national benefit surveys to identify trends, opportunities for improvement, and to ensure benefit package competitiveness.
Reviews and analyzes employee/physician benefit plans to ensure compliance with federal and state regulations. Scrutinizes proposed changes with actuaries, attorneys and consultants; and assists in implementing approved changes.
Participates in the development of plan descriptions, handbooks, and training programs to provide management and employees with information necessary to understand their benefit programs.
Prepares reports and forms to ensure TDX’s compliance with the Employee Retirement Income and Security Act (ERISA), which includes preparation of 5500’s and summary annual reports. Also gathers the data required for the vendors to prepare annual non-discrimination testing; analyzes results for accuracy and assists in corrective action if needed.
Assembles documentation to assist in calculating annual budget, enhance effectiveness of programs, control costs and ensure adherence to legal and regulatory standards.
Assists in finding opportunities to control benefit costs through the negotiation of benefit contract terms, the competitive bid process, and ensuring the existence of effective and efficient administration.
May serve as a resource and mentor to other staff on problem solving routine to complex issues related to program policies and procedures.
Collects and compiles key HR metrics and data from a variety of sources, including human resource information systems (HRIS) and payroll outputs, benefits enrollment records, management and employee surveys, exit interviews, personnel records, government labor statistics, competitors’ practices, and other sources.
Analyzes data and statistics for trends and patterns with attention toward benefits enrollment, absenteeism, leave use, recruitment, motivation, turnover, and compliance with employment laws and regulations.
Researches or coordinates with appropriate benefits administration staff to research alternatives for health, wellness, and retirement plans and benefit providers.
Ensures compliance with data privacy regulations and best practices.
May assist HR leadership with staffing, recruiting, and departmental budgets.
May guide and/or assist with performance, benefit, and compensation review and evaluation processes.
Performs other duties as assigned.