LHH Recruitment Solutions is seeking a highly qualified Benefits Specialist/Analyst to oversee and optimize the group benefits programs. This position will play a critical role in analyzing benefit offerings, ensuring compliance with regulations, and managing vendor relationships. The successful candidate will have a strong background in benefits administration, strategic planning, and data analysis. The successful candidate will join a dynamic HR team dedicated to supporting employee well-being and organizational success. If you meet the qualifications and are eager to contribute to our benefits strategy, we encourage you to apply.
Responsibilities:
Analyze and evaluate current benefits programs, including health insurance, dental insurance, vision insurance, life insurance, disability insurance, and wellness programs.
Research and recommend new plans based on plan designs, benefits costs, and legislative changes.
Collaborate with brokers, insurance carriers, and plan advisors to negotiate rates and ensure competitive offerings.
Serve as the primary contact for benefit brokers, plan vendors, and third-party administrators, coordinating data transfer and ensuring accurate plan administration.
Monitor benefit costs, service provider fees, and internal participant data for accuracy.
Perform benefit reconciliations, including 401k, Medical and Rx claim funding, FSA, and HSA.
Identify and implement required plan changes and amendments in response to new legislation.
Assist with the company-wide open enrollment process and annual electronic reenrollment table updates.
Manage benefit vendor relationships, data integrity, reporting, and interfaces.
Work with HRIS Analyst to develop, test, and implement new plans, interfaces, and reports.
Gather and analyze relevant data to comply with state legislated benefits and respond to benefit appeals.
Designing and evaluating benefit programs to meet the diverse needs of multiple business entities.
Developing cost-effective benefit solutions while maintaining competitive offerings.
Balancing the unique needs of different business entities while aligning with company goals.
Qualifications:
Bachelor's degree in Business Administration, Human Resources, or related field, or equivalent work experience.
Minimum of 3-5 years of experience in benefits administration, including involvement with health, welfare, and retirement benefit plans.
Strong analytical skills with the ability to perform reconciliations, cost analysis, and draw operational conclusions.
Knowledge of federal and state regulations governing employee benefits programs.
Proficiency in Microsoft Office, with expertise in Word, Excel, and PowerPoint; HRIS/PeopleSoft experience preferred.
Excellent communication, organization, and teamwork skills.