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North American Benefit Plan Analyst
Career Insights for Compensation / Benefits Analyst
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What they do
A Compensation or Benefits Analyst evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
$85,897 / year median in the U.S.
+7% projected growth
Job Description
The North American Benefit Plan Analyst provides analytical and operational support for the organization's benefit and wellness programs, with a focus on vendor support, plan administration, financial analysis, compliance, and program effectiveness. Partners with the Benefits team, third-party advisors, vendors and internal stakeholders to support the effective administration and ongoing evaluation of benefit programs. This role applies working knowledge of benefit programs and established processes to complete assigned analyses, audits, reporting and program activities. The role supports more complex initiatives and escalates issues requiring advanced expertise, interpretation or decision-making to more senior Benefits team members. This is a REMOTE opportunity, but candidates must be located in Eastern Time Zone. Core Responsibilities Vendor & Partner Support Supports benefit vendor and partner Request for Proposal (RFP) activities by gathering data, preparing materials and coordinating assigned tasks. Reviews vendor and partner performance against established service level agreements (SLAs) and escalates issues or trends requiring follow-up. Coordinates with vendors and third-party advisors to resolve routine program and service issues. Maintains documentation and reporting related to vendor performance and program activities. Financial & Plan Analysis Conducts benefit billing audits and reviews invoices and payments to identify discrepancies and support accurate and timely processing. Provides analytical support for quarterly and annual benefit planning, budgeting and forecasting activities. Compiles and analyzes benefit plan data to identify trends and support program decision-making. Works with third-party advisors to gather information and support the assessment of plan performance and potential optimization opportunities. Prepares routine reports, analyses and presentations for the Benefits team and business stakeholders. Compliance & Reporting Supports required regulatory reporting and compliance activities for assigned benefit programs. Gathers and validates data needed for regulatory reporting, audits and other compliance requirements. Maintains accurate records and documentation to support compliance and program administration. Escalates potential compliance issues or exceptions to appropriate Benefits team members. Program & Case Support Supports case management activities for high-cost claimants in partnership with the Benefits team, vendors and other appropriate resources. Research benefit-related questions and issues and coordinates with vendors or advisors to support resolution. Identifies recurring questions or issues and brings trends to the attention of more senior Benefits team members. Business & Project Support Provides data, analysis and administrative support for labor negotiations and M&A activities as needed. Supports benefit-related projects, program enhancements and process improvements. Coordinates assigned activities and maintains project documentation to support timely completion of Benefits initiatives. This is a REMOTE opportunity, but candidates must be located in Eastern Time Zone. #LI-Remote Why Lineage? This is an excellent position to begin your career path within Lineage! Success in this role enables greater responsibilities and promotions! A career at Lineage starts with learning about our business and how each team member plays a part each and every day to satisfy our customers' requirements. Beyond that, you'll help us grow and learn on our journey to be the very best employer in our industry. We'll ask you for your opinion and ensure we do our part to keep you developing and engaged as we grow our business. Working at Lineage is energizing and enjoyable. We value respect and care about our team members. Lineage is an Equal Employment Opportunity Employer and is committed to compliance with all federal, state, and local laws that prohibit workplace discrimination and unlawful harassment and retaliation. Lineage will not discriminate against any applicant on the basis of race, color, age, national origin, religion, physical or mental disability or any other protected status under federal, state and local law. Benefits Lineage provides safe, stable, reliable work environments, medical, dental, and basic life and disability insurance benefits, 401k retirement plan, paid time off, annual bonus eligibility, and a minimum of 7 holidays throughout the calendar year. Organic
Benefits
- Paid Time Off (PTO)
- 401(k) Plans
- Other Retirement and Savings
- Health and Wellness Programs