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Benefits Analyst Resume Samples
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0-5 years of experience
Lead role in split of assets for Arthur Andersen during the split of Andersen Worldwide. Set up the health and welfare benefit plans and account structure using MS Access with trustee and insurance carriers.
- Managed $30 million in trust assets including monthly cash movements of more than $9 million for 27,000 employees and partners.
- Streamlined cash disbursement reporting process with trustee; result was increased accuracy of reporting by 25%.
- Developed a methodology to reduce wire transaction costs by 50%.
- Prepared the financial statements and trial balance for the plan audits; developed a monthly reconciliation procedure using Excel.
- Analyzed budget-to-actual costs of Health and Welfare benefit plans; coordinated benefit allocations to 50 offices in the U.S.
0-5 years of experience
Administered benefits to more than 12,000 retirees in 20 different legacy union and non-union benefit plans
- Developed rules and structure around a new 2014 RMRA account for subsidized retiree health care with senior
- Created a series of focus group moderator guides for three different benefit groups to be used across the country for both salaried and hourly employees
- Summarized results of focus groups by doing an in-depth statistical analysis, presentation to senior leadership, and created a high level infographic
- Focused member of Nestle Continuous Excellence (NCE) Pillar team, devoted to LEAN, and high performance work
- Acted as a point of contact for HR, and Mercer consulting for high and critical cases related to retirees
- Participated in the counseling of retiring senior executive leadership, and provided rates, clarification and scenarios
0-5 years of experience
Administered employee health and welfare plans including enrollments, changes and terminations according to plan provisions.
- Counseled employees on plan provisions and administrative procedures so that eligible employees could make informed benefit enrollment decisions.
- Completed all company written and verbal employment verifications and conducted daily interviews with Office of Personnel Management and Department of State investigators and records specialists seeking personnel information while conducting background investigations on current and past employees.
- Administered company sponsored tuition assistance and reimbursement program.
- Managed the tracking of new employee I-9 forms and E-Verify process ensuring federal compliance.
- Managed the approvals of all personnel changes submitted by employees on a designated Employee Self-Service Site.
- Answered questions regarding benefits and enrollment eligibility for managers and employees, as well as assisted with problem solving.
- Entered new employee demographic and employment data into HRIS, ensuring accuracy and paying strict attention to detail while doing so.
0-5 years of experience
Reported to Firmwide Director of Benefits supporting over 4000 total employees including partners, attorneys, associates and staff members in four countries.
- Administered a comprehensive benefit portfolio including US health & welfare, 401(k) and global defined benefit plans for Firm partners and employees to enhance employment.
- Refined and improved Firm benefit plans and programs through careful analysis, which also improved job efficiencies.
- Educated and encouraged employees to participate in various benefit plans and programs to positively impact individual health and financial wellness.
- Ensured retirement programs were administered efficiently and aligned with all applicable legal and regulatory requirements.
0-5 years of experience
Developed, gathered and reported accurate benefit statistical metrics and data collection to Corporate Management. Interpreted benefit plan changes from Corporate and Marketing and implemented mainframe group and individual insurance benefits.
- Directly involved in the Migration Team Project analyzing, testing and migrating data to new mainframe platform.
- Served as conduit between IT, Marketing and Enterprise Benefits Administration freeing up approximately 25% of analysts time.
- Created databases to expedite workflow for departmental assignments and processes.
- Worked independently on virtual national team and effectively utilized electronic communication tools.
- Participated in national Wellpoint Benefit daily meetings and conferences representing GA Blue Cross Benefits.
- Designed and built new complex non-standard benefit plans, reviewed and analyzed benefit summaries and identified best approach to code/develop benefits to achieve optimum adjudication levels. Performed testing and quality assurance of newly developed products.
0-5 years of experience
Provided routine audits as well as created and implemented internal audit and compliance schedule.
- Reviewed, reconciled, and processed vendor invoices.
- Escalated and resolved problems and employee complaints with vendor services.
- Managed ERISA, HIPAA and other compliance requirements including discrimination testing and 5500 reporting.
- Analyzed and reconciled bi-weekly 401(k) contributions utilizing advanced Excel analytical functions.
6-10 years of experience
Administered Health and Welfare and Retirement Plans. Coordinated Annual Benefits Seminar, Annual Enrollment Meetings, Annual Wellness Day, Benefits Appreciation Day, National 401(k) Day and Facilitate New Hire Orientation
- Researched, analyzed, evaluated and recommend new benefit plans & programs
- Traveled regionally to conduct seminars & benefit meetings for active Employees
- Provide Pension Training to regional HR Representatives
- Prepared requests for proposals to be submitted to new prospective clients as well as existing client for Flexible Spending Account renewals
6-10 years of experience
Led process improvement programs regarding delivery of benefit training programs
- Administered various health and welfare and qualified retirement plans, 7000 U.S. employee/retiree populations supported
- Managed annual health and welfare 5500 filings and data valuation audits
- Managed monthly review, payment and reconciliation of pension vendor data/invoices
- Verified calculation of monthly premium statements for all group policies and maintained statistical data relative to premiums, claims, and cost
- Provided support to Union Relations and Legal regarding grievances and dispute resolutions
- Focal point of contact for the collection and dissemination of information on benefits plans
0-5 years of experience
Manage various benefit programs for all 2,800 employees of the manufacturing facility; including insurance programs, tuition assistance, benefits orientation, and retirement. Manage and conduct annual Open Enrollment period including programming of PeopleSoft 9.1. Serve as benefits point of contact for all employees and human resources staff.
- Designed and implemented new benefits portal on Company website to enhance user experience and increase client satisfaction.
- Developed and established new hire benefits orientation for all union and non-union employees.
- Streamlined Open Enrollment and new employee onboarding within PeopleSoft 9.1.
- Automated leave accrual administration and carrier enrollment through COBRA.
0-5 years of experience
Managed data and financial projects for employer sponsored health programs
- Evaluated utilization reports to identify key cost drivers and develop cost containment strategies
- Identified cost savings opportunity by taking advantage of a more efficient provider network, amounting to a quarter of million dollars in savings to the client
- Initiated peer review process among analysts, to improve accuracy and overall efficiency
- Partnered with another department to spearhead cross-selling campaign and developed new business tool
- Appointed vendor relationship liaison responsible for creating and maintaining industry connections between Alliant and healthcare organizations
0-5 years of experience
Responsible for the Health & Welfare plan administration, annual employee benefit open enrollment, and wellness program development and coordination.
- Processed health and welfare (Medical, Dental, Vision, Life, FSAs, HSAs, COBRA) plan eligibility for employees/former employees based on plan policies and procedures via ADP HRIS.
- Answered phones and assisted with employee questions regarding their eligibility status, qualified life events, and other benefit related situations.
- Served as a liaison for the Company and its employees with health & welfare vendors, administrators and insurance carriers.
- Generated day to day reports for HR and financial needs and maintained HRIS and employee files.
- Supported annual benefit plan renewal process and open enrollment.
- Processed requests for adoption assistance.
0-5 years of experience
- Analyzed health and welfare benefit processes of clients for potential improvements in cost, quality and overall customer satisfaction
- Assigned Lead Analyst for major client account after seven months
- Led internal implementation effort to create a new audit process to reduce incidences of fraud in employee benefit accounts of client. Created Standard Operating Procedure document for new process
- Presented new benefits reporting processes to senior executives at client site
- Trained a team of four associates for three months on new business processes
0-5 years of experience
Determined employee benefit practices by benchmarking best practices, researching industry and employee trends, tracking legislation and estimating impact
- Recommended employee benefit programs by examining, evaluating and optimizing employee understanding, regulatory requirements and competitive advantage
- Evaluated proposed employee benefit contracts by reviewing provisions against proposals
- Responsible for timely filing of compliance documentation including form 5500 and Summary Annual Reports
- Created communications including newsletters, Employee Benefits Guides and new hire presentations
0-5 years of experience
Responsible for benefit programs for the company, including but not limited to medical, dental, life insurance, long term disability, 401(k) Plan, and voluntary benefits.
- Provided timely communication to employees regarding benefits eligibility, enrollment applications, affidavits and other payroll deduction forms to initiate and/or change coverage elections
- Handled inquiries and/or complaints
- Oversaw benefit new hire and open enrollment
- Created monthly benefit deduction and billing reports.
- Tracked employees out on FMLA.
- Monitored Union employee deductions; generated weekly outstanding balance letters, reported terminations, leaves and transfers to the Union.
- Sent out payments to benefit carriers.
0-5 years of experience
- Maintained the HRIS system with up to date employee/retiree information on health and pension benefits.
- Researched, analyzed, evaluated, and administered corporate benefit plans and programs.
- Delivered new hire benefits orientation and acts as a liaison with the company’s benefits vendors.
- Administered & counseled employees on benefits-related issues, such as medical insurance, dental insurance, vision insurance, life insurance, 401k accounts and retirement benefits.
- Created and maintained Employee Benefit Files (both hard copy and electronic)
- Analyzed and Scanned hard copy documents into PeopleSoft program.
Benefits Analyst Duties and Responsibilities
The role of a benefits analyst requires individuals to take on a variety of duties and responsibilities. These duties and responsibilities vary from location to location, but in most cases, a benefits analyst is expected to perform the following tasks:
Determine Employee Benefit Best Practices Benefits analysts strive to help companies provide benefits to their employees in the most efficient and effective way possible. They stay abreast of any changes in employee benefits trends as well as workplace legislation. Their ultimate goal is to ensure employees have access to the benefits they deserve.
Evaluate Employee Benefit Packages Companies spend a significant sum of money on employee benefits, and it is imperative they choose a benefit package that is cost efficient and good for employees. Benefit analysts help them choose the right insurers and packages by evaluating costs and other aspects of the benefits.
Educate Employees Most full-time (and some part-time) employees receive access to their employment benefits after working for a set period of time. If they are confused about these benefits, benefits analysts, along with human resources professionals, help them better understand the specifics. Most are willing to share their extensive knowledge of insurance with others.
Assess Employee Needs Benefits analysts aim to better understand the needs of employees before helping their employer choose the right benefits options. They may conduct focus groups or send out email surveys to employees. These surveys and groups collect important information from employees.
Collect and Analyze Data As their professional title suggests, benefits analysts analyze insurance and benefits data from a wide range of sources. They may use case studies, essays, or hard data collected by insurance companies and employers.
Benefits Analyst Skills and Qualifications
The skills and qualifications needed to become a successful benefits analyst vary from company to company. In most cases, a bachelor’s degree in a business-related field is needed to enter the industry. Companies also seek candidates with the following skills and attributes:
- Insurance knowledge – benefits analysts must have a deep understanding of the insurance industry and its core concepts. They apply this knowledge on a daily basis
- Understanding of basic math – successful analysts need to know how to add, subtract, divide, and multiply. They should also be capable of interpreting numerical data and graphs, so an elementary understanding of statistics is needed
- Human resources experience – benefits analysts strive to understand the insurance needs of employees and companies. To do this, they must have some knowledge of human resources
- Communication skills – communicating with employees, superiors, and other analysts is a must. Analysts should be capable of communicating clearly and effectively
- Attention to detail – benefits analysts regularly work with large amounts of data and should be able to keep track of this data and spot inconsistencies and mistakes
Benefits Analyst Education and Training
Individuals interested in becoming benefits analysts need at least a bachelor’s degree in a business-related field. Companies typically give preference to candidates with degrees in management, human resources, finance, statistics, or economics. Candidates can expect to spend three to four years earning a bachelor’s degree; during this time they take courses in organizational management, corporate finance, business statistics, and marketing. Some companies may require candidates to have at least one to three years of prior insurance experience. Benefits analysts usually receive some form of on-the-job training until they are capable of working independently.
Benefits Analyst Salary and Outlook
According to the Bureau of Labor Statistics (BLS), the annual median salary for a benefits analyst is $62,680. Benefits analysts in the top 10th percentile gross more than $101,800 yearly, while those in the bottom 10th percentile earn less than $38,860. Most benefits analysts have access to employment benefits such as health insurance, vision insurance, and parental leave. The employment rate for benefits analysts is expected to expand 9 percent through 2026. This rate is much higher than the national average of 7 percent for all professions. This jump in employment is largely the result of increased interest in employee wellness programs, which creates an increased need for professionals who can oversee and administer them.
Helpful Resources
Are you interesting in becoming a benefits analyst? We have compiled a few resources to help you decide if working as a benefits analyst is right for you:
WorldatWork – WorkatWork is a professional organization designed for professionals in the benefits and compensation field. The organization offers membership, education, and professional opportunities to those interested, and its website even boasts a vendor directory
The Handbook of Employee Benefits: Health and Group Benefits – no one said understanding employee benefits is supposed to be easy, but luckily, The Handbook of Employee Benefits aims to make it as simple as possible. Filled with in-depth and helpful information about employee benefits and how they are administered, this book is perfect for anyone interested in becoming a benefits analyst
The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design – anyone working in human resources can benefit from reading this highly rated book by Lance and Dorothy Berger. The authors strive to help readers understand the overall strategy behind determining employee compensation, and there are several chapters on employee benefits. The book is a must-read for anyone who works to fairly compensate their employees while saving money
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Last edited by: Gabriela Barcenas, CPRW, Content Writer II -
Gabriela Barcenas
CPRW, Content Writer IIGabriela is a Certified Professional Resume Writer (CPRW) and career adviser. With 10 years of digital media experience and five years of resume writing expertise, her publication history includes fashion, education, travel, social justice, equitable design and career advice.
