Overview
This role involves financial oversight, reporting, and complex analytical support for the organization's health and welfare benefit programs. The Benefits Analyst – Finance/Accounting is responsible for managing benefit plan financial operations, including invoice validation, self-billing processes, cost tracking, and variance analysis. The position requires close collaboration with Finance, Payroll, HR, and third-party vendors to ensure accurate benefit spend forecasting, regulatory compliance, and timely resolution of discrepancies.
Responsibilities
Financial Oversight, Reporting & Analysis
- Assist the Senior Benefits Manager with benefit plan spend tracking, cost driver analysis, and forecasting.
- Perform complex reconciliations and financial analytics related to benefit plan expenses.
- Validate, audit, and submit benefit vendor invoices for payment; execute and monitor self-billing processes.
- Prepare internal statistical, operational, and financial reports to support decision-making.
- Ensure Flexible Spending Account (FSA) plans are appropriately funded and reconciled.
Plan Administration, Program Support & Projects
- Support ongoing administration of associate benefit plans (medical, dental, vision, life, disability, etc.).
- Lead benefit eligibility tracking and enrollment reporting activities.
- Assist with plan audits and required regulatory filings.
- Participate in major initiatives such as open enrollment, implementation of new benefit plans, and system changes.
Compliance & Risk Management
- Support compliance efforts related to ACA, ERISA, COBRA, HIPAA, and other applicable regulations.
- Maintain strong internal controls through detailed validation, documentation, and audit readiness.
Vendor Management & Cross-Functional Collaboration
- Attend and actively participate in vendor meetings; work with third-party providers to resolve discrepancies.
- Collaborate cross-functionally with Finance, Payroll, and HR partners.
Requirements
- Bachelor’s degree in Business Administration, Finance, Accounting, or related field.
- 3–5 years of relevant benefits, finance, or HR experience preferred.
- Experience with Oracle Cloud Core HR and Benefits is a plus.
- Strong financial acumen with advanced analytical skills.
- Advanced proficiency in Microsoft Excel.
- High attention to detail and accuracy.
- Excellent written and verbal communication skills.
- Ability to manage multiple projects independently.
Compensation & Benefits
- Minimum Salary: $59,300.00
- Maximum Salary: $77,805.00
Salary will be determined based on specific skills, experience, geographic region, and other relevant factors.
Equal Employment Opportunity
The employer considers all qualified applicants, including those with arrest or conviction records, in compliance with applicable state and local laws. Employment decisions are made without discrimination based on race, color, religion, gender, gender identity, national origin, citizenship, age, disability, sexual orientation, marital status, or any other protected category recognized by law. Only individuals authorized to work in the United States will be hired.