Benefits Analyst I
Labcorp · Durham, NC · Today
Human ResourcesFull-time
Job Responsibilities
- Serve as subject matter expert for benefit programs
- Administer health, welfare, retirement, and voluntary benefit programs
- Support HSA, FSA, commuter, COBRA, and wellness programs
- Resolve employee benefit inquiries through case management tools
- Partner with HR and internal teams to ensure smooth operations
- Aid in Annual Enrollment planning and execution, including testing, communications, and issue tracking
- Ensure compliance with ERISA, IRS, DOL, ACA, HIPAA regulations
- Support Form 5500 filings, nondiscrimination testing, and required notices
- Participate in audits and maintain documentation
- Support Vendor Risk Assessments (VRAs)
- Develop and maintain reports and dashboards
- Perform advanced Excel analysis (pivot tables, reconciliation, trends)
- Conduct payroll and benefits deduction audits
- Drive process and operational improvements
- Partner with HR Technology, Payroll, and vendors on integrations and data feeds
- Troubleshoot integration errors and data discrepancies
- Support system testing including annual enrollment
- Identify automation opportunities
- Support vendor relationships and issue resolution
- Participate in vendor implementations and renewals
- Support system testing including annual enrollment
- Identify automation opportunities
Qualifications
- Bachelor’s degree in HR, Business, Finance, or related field
- 3 or more years of benefits experience
Preferred Qualifications
- 1 or more years’ experience with Workday or similar HCM Systems
- 1 or more years’ experience with benefits integrations
- 1 or more years’ experience with ERISA, ACA, COBRA, IRS regulations
Additional Job Standards
- Critical thinking and sound judgment with ability to analyze and resolve problems
- Highly effective written and verbal communication skills to interact with all levels of leadership
- Ability to collaborate cross-functionally working with various internal and external partners
- High attention to detail
- Advanced Excel skills