Benefits Analyst
STO Building Group · New York, NY · 1 wk ago
On-siteHuman Resources$100k–$135k/yrFull-time
About the role
The Senior Benefits Analyst supports the administration, analysis, and continuous improvement of enterprise health, welfare, and retirement programs. This role applies deep functional expertise to ensure accurate program execution, compliance, and a high-quality employee experience.
Responsibilities
- Administer health and welfare benefit programs, including medical, dental, vision, life, disability, wellbeing, and leave-related programs.
- Execute enrollments, life event changes, eligibility updates, and system transactions in benefits platforms.
- Partner with Payroll and HRIS teams to ensure accurate benefit deductions, imputed income, and data interfaces.
- Research and resolve complex employee and vendor issues, escalating as appropriate.
- Support the day-to-day administration of the company’s 401(k) plan, including contributions, loans, distributions, and participant transactions.
- Coordinate with recordkeepers, payroll, and external vendors to ensure timely and accurate data processing and reconciliation.
- Assist with compliance activities, including nondiscrimination testing support, contribution monitoring, and required participant notices.
- Maintain plan documentation, administrative procedures, and audit-support materials.
- Provide operational support for plan changes, vendor transitions, and regulatory updates.
- Partner with brokers, carriers, and third-party administrators to support service delivery and issue resolution.
- Monitor day-to-day vendor activity and escalate performance concerns to Benefits leadership.
- Support data requests, reporting needs, and administrative coordination with external partners.
- Ensure benefit and retirement transactions are administered in accordance with plan documents and regulatory requirements (e.g., ERISA, ACA, IRS rules).
- Support audit preparation, compliance reviews, and regulatory filings as needed.
- Maintain accurate records, documentation, and standard operating procedures.
- Analyze benefits utilization, enrollment, and cost data to identify trends and anomalies.
- Prepare reports and insights to support Benefits leadership decision-making.
- Identify opportunities to improve processes, data quality, and employee experience.
- Support development and delivery of benefits communications, including enrollment materials, guides, and program updates.
- Respond to employee inquiries and provide clear, accurate information on benefits and 401(k) plan features.
- Aid in training HR partners and managers on benefits programs and processes.
Requirements
- Bachelor’s degree in human resources, business, finance, or related field. (or equivalent experience)
- Five years of experience in benefits administration within a complex organization.
- Working knowledge of health and welfare and retirement plan administration.
- Familiarity with applicable regulations (e.g., ERISA, ACA, IRS guidelines).
- Strong analytical and problem-solving skills with attention to detail.
- Ability to manage multiple priorities and work across systems and stakeholders.
- Strong written and verbal communication skills.
Preferred Experience
- Experience with benefits administration platforms and HR/Payroll systems.
- Exposure to 401(k) compliance processes and audits.
- CEBS or progress toward certification.
Skills
- Strong analytical and problem-solving skills with attention to detail.
- Ability to manage multiple priorities and work across systems and stakeholders.
- Strong written and verbal communication skills.
Benefits
- [Medical Insurance]
- [Dental Insurance]
- [Vision Insurance]
- [Health Savings Account]
- [Healthcare Flexible Spending Account]
- [Dependent Care Flexible Spending Account]
- [401(k) retirement plan with employer match]
- [Life & AD&D Insurance]
- [Long-term Disability Insurance]
- [Short-term Disability Insurance]
- [Critical Illness Insurance]
- [Accident Insurance]
- [Hospital Indemnity Insurance]
- [Home & Auto Insurance]
- [Family Support]
- [Pre-tax Paid Parking/Public Transportation]
- [Paid time off: 2 Weeks for Non-Exempt and Three Weeks for Exempt]
- [Time Away Benefits]
- [8 Paid Holidays]
- [Group Legal]
- [Employee Stock Purchase Plan]
- [Identity Theft Protection]
- [Group Legal]
- [Pet Insurance]
- [Employee Assistance Program]
Pay
$100,000 - $135,000
Schedule
Full-time