Sr Benefits Analyst

INC Research Inc Morrisville , NC 27560

Posted 2 months ago

As part of the Total Rewards team, provides support to the Sr. Director, Global Benefits, in the areas of cost analysis, compliance, plan design, new programs, and vendor selection. Acts as subject matter expert for Health & Welfare benefits. Serves as a key contributor to the company's Total Rewards strategy.

  • Administer company-wide employee health and welfare benefit programs. Researches, analyzes, and evaluates programs to eliminate risk and identify changes that will deliver competitive benefits at the best value.

  • Compiles, analyzes and reports data including employee, plan financials for strategic benefits planning and evaluation.

  • Assists in the business development and planning processes with service providers. Monitor provider performance to ensure they meet service level agreements.

  • Provides benefit plan interpretation, guidance and counsel to employees, HR representatives, and managers.

  • Ensure compliance of the company's benefit programs including plan documentation and filings.

  • Work with Sr. Director, Global Benefits and consultants on plan renewals. Execute open enrollment project plan and coordinate with HRIS for system updates required for plan and contribution changes and data feeds.

  • Proactively monitor and make recommendations for process improvements to improve benefits administration and service delivery.

  • Work with vendors and HR Partners to resolve complex benefit issues including but not limited to eligibility, claim payments and benefit plan interpretations.

  • Support the Global Benefits team with international benefit analysis, surveys and other ad hoc projects.

  • Conduct employee meetings for new hires and during Open Enrollment.

  • Monitors benefit trends and stays abreast of benefits legislation

Requirements:

  • Bachelor's degree.

  • Minimum 5-7 years of related experience; or equivalent combination of education and experience.

  • Solid understanding of plan design and administrative practices to resolve complex problems involving eligibility, plan interpretation, and participant account management.

  • Vendor management experience

  • Ability to operate in global environment

  • Knowledge of all pertinent federal and state regulations and filings and compliance requirements affecting employee benefit programs.

  • Exceptional communications skills (written and verbal); strong communicator with ability to provide guidance on Syneos Health's processes to other staff members.

  • Organizational skills with accuracy and attention to detail

  • Ability to multi-task between different projects and day to day activities

  • Able to prioritize and drive to results with high emphasis on quality

  • Able to work on complex problems in which analysis of situations or data requires an in-depth evaluation

  • Ability to effectively manage one's time and resources to ensure that work is completed efficiently.

  • Understanding of HR, benefits and payroll processes and administration

  • Results driven with emphasis on process improvement.

  • International benefits knowledge and/or experience a plus.

#LI-JC2


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Sr Benefits Analyst

INC Research Inc