Job Description
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The Benefit Analyst is responsible for the alignment and execution of the Benefits programs administered by the People Services Department to include, Health, Dental, Vision, Wellness, Auxiliary and Voluntary benefits, 401(k), 457(b), Pension, Workers Compensation, and Leaves of Absences. This role performs overall analysis to support design and development of benefit initiatives/programs aligned to business objectives while factoring in market trends, cost effectiveness and competitive practice. Working under the guidance of the AVP Total Rewards, this position works in partnership with the Benefits Vendor(s) providing Total Rewards Strategy and management for Self-Funded plans to attract and retain Best in Class performers and foster an Employer of Choice environment. This position also has primary responsibility for Internal Audits as they pertain to People Services responsibilities, 5500s and all requested documentation from the DOL, EEOC, ERISA departments.
Responsibilities - Health & Welfare Benefits plan management, including:
- Team member set up
- Team member education and communication
- Monthly invoicing/auditing/reconciliation
- Relationship with broker, benefit partners and other vendors
- Research and resolution for benefit issues
- Renewals
- Annual open enrollment & health fair
- Annual non-discrimination testing
- LOA administration
- Workers Compensation
- Annual reporting requirements and audits
- Delivery of required notices, communication, and information to team members
This role is responsible for review, analysis, recommendations, implementation and execution related to strategy and future alignment of how benefits compliments and supports the overarching philosophy and objectives of employee retention and best practices in creating best in class environment for team members
- Managing Retirement Plans; 401(k), 457(b), frozen Pension plan, including:
- Non-discrimination testing,
- Works with legal on ERISA compliance
- Annual audits & 5500 filing
- Assisting Payroll w/ corrections and EPCRS letters
- Annual PBGC filing & payment
Supports driving robust retirement plan options to attract
and retain top notch team members for the future of the
organization.
- Workers Compensation management: Analyze, review and recommend modifications to the Workers Comp Insurance Plan to effectively financially serve injuries of employees on the workforce. Review plans for philosophical compliance with Nuvision CU and maintain cost effectiveness. Identify trends and provide recommendations to reduce and avoid workplace injury.
- Provide guidance and leadership as a subject matter expert to the internal PS Team and team members related to Benefit programs, initiatives and in all Leave programs across all states to include but not limited to FMLA, CRFA, WA LTD, WA FMLA, Military LOA
Stays up-to-date on benefit compliance, trends and best practices.
- Partner with Payroll and PSIS to ensure that all Benefit Plan setups and associated deductions, rates and codes are maintained accurately in all systems, Provide all necessary updates to Payroll and HRIS each pay period for accurate and timely processing. Provide required benefits-related reporting each pay period to Finance and Accounting as necessary
- Work in alliance with Compliance Manager to align Remote Team Member benefit requirements to comply with Nuvision procedures, policies and multi-state compliance.
- Responsible for review, completion and ensuring compliance in all respects to vendor due diligence, contracts and annual SOC-1 review for all benefit related vendor relationships
- Supports and participates in continuous improvement activities and special projects as assigned. Represents the Credit Union in a positive and professional manner. Maintains member, team members and other sensitive information with confidentiality. Treats co-workers and members with respect
- Any other duties as assigned
Qualifications - 4 years progressive experience in analysis, design and administration of benefits programs in multi-state environment providing guidance and support of Human Resources Function
- Inclusive of at least 3 years managing a self funded program
- Proven experience conducting cost/benefit analyses and forecasting cost of proposed benefit plan changes
- Ability to understand and utilize regulations in regards to litigious situations
- Ability to align ERISA regulations and requirements with Benefits, Retirement, Insurance Carrier Plans, COBRA, FMLA, ADA, HIPAA
- Strong knowledge of benefit platforms/systems/modules and integration with HRIS
- Solid understanding of multistate labor law and compliance including but not limited to Affirmative Action, EEOC, Titles VII & IX DOL
- Knowledge of pre/post tax benefit deductions, fringe benefits, gross-ups, and their impact to net pay
- Strong interpersonal, written and verbal communication skills to effectively communicate, guide, mentor and influence across organizational levels and external partners
- Strong attention to detail along with analytical, quantitative, critical thinking and problem resolution skills
- Ability to understand business plans, interpret data, goals, and relate/align HR initiatives and objectives
- Demonstrated ability to work independently with demonstrated initiative, good judgment and decision making
- Effectively handle confidential, highly sensitive and personal situations
- Strong organizational, follow up, prioritization and negotiation skills. Ability to multi-task in fast paced environment
- Highly proficient in MS Office Suite (Word, Excel, PowerPoint, Teams and Outlook), HRIS and other systems such as ADP and Nautilus systems and web-based applications and complex
- Outlook scheduling
One of the following Certifications: PHR, CBP or CEBS
Education: Bachelor degree in Business or related field
Website: nuvisionfederal.com/careers
Benefits - Medical
- Dental
- Vision
- Life Insurance
- Flexible Spending Account
- 401(k) Matching
- Paid Time Off
- Training Provided
- Tuition Reimbursement
Covid-19 Precaution(s) - Remote Interview Process (some positions vary)
- In-Person Interview required for Front-Line Positions
- Social Distancing and Mask Guidelines in place
Seniority level
Seniority level
Mid-Senior level
Employment type
Job function
Job function
Human Resources -
Industries
Banking
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Job Tags
Contract work, 16 hours, Flexible hours,