Benefits Analyst

3 - 5 years

0 Lacs

Posted:5 days ago| Platform: Foundit logo

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Skills Required

Work Mode

On-site

Job Type

Full Time

Job Description

It's fun to work at a company where people truly believe in what they are doing!

Summary:

The Benefits Analyst is responsible for the administration and implementation of employee 401(k) and health & welfare benefit plans for India. This position will have multiple priorities to include special projects, process improvement initiatives, audit and analysis of benefits information. The individual in this role will interact with benefit carriers, third party administrators and the HRIS Team to ensure all benefit plans are set-up and functioning properly.

Essential Duties and Responsibilities:

  • Provides superior customer service and assists with the resolution of issues.
  • Assists with implementation and ongoing processes with service providers.
  • Compiles, analyses and reports data including employee and plan data for strategic benefits planning and evaluation.
  • Lead annual renewal and communication plans for India and ongoing wellness activities.
  • Monitors and audits eligibility, limitations and restrictions of plan participation and ensures compliance with both plan provisions and government requirements.
  • Compliance and technical interpretive discussions with legal counsel, broker and third-party administrator.
  • Provides guidance and benefit plan interpretation to employees, managers, HRIS team and broader HR teams on the requirements and provisions of benefit programs.
  • Assists in developing standard operating procedures, policies and procedures.
  • Develops, conducts and drafts communication to inform and educate management and employees about changes to benefit plans, administrative practices and legislated requirements and programs.
  • Assists with Health & Welfare annual enrolment.
  • Responsible for data necessary to complete regulatory activities (audits, etc.) and associated employee communications.
  • Coordinates data collection and prepares vendor billing for AP processing.
  • Monitors plan limits, eligibility and other restrictions on plan participation to ensure plan provisions and government requirements are met.
  • Oversees the administration of COBRA compliance.
  • Research current benefit trends and regulatory/legislated requirements and recommends programs.
  • Performs other duties as assigned.

Qualifications & Experience

  • Bachelor's degree required.
  • 3 plus years of experience with HR, Benefits or analytics reporting.
  • Strong knowledge of Microsoft Office including Word, Excel and PowerPoint.
  • Strong written communication and proofreading skills.
  • Work under general supervision/direction
  • Certificates/Licenses/Designations: Excellent analytical, reporting, interpersonal and organizational skills.
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

It is Epiq's policy to comply with all applicable equal employment opportunity laws by making all employment decisions without unlawful regard or consideration of any individual's race, religion, ethnicity, color, sex, sexual orientation, gender identity or expressions, transgender status, sexual and other reproductive health decisions, marital status, age, national origin, genetic information, ancestry, citizenship, physical or mental disability, veteran or family status or any other basis protected by applicable national, federal, state, provincial or local law. Epiq's policy prohibits unlawful discrimination based on any of these impermissible bases, as well as any bases or grounds protected by applicable law in each jurisdiction. In addition Epiq will take affirmative action for minorities, women, covered veterans and individuals with disabilities. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. Epiq is pleased to provide such assistance and no applicant will be penalized as a result of such a request. Pursuant to relevant law, where applicable, Epiq will consider for employment qualified applicants with arrest and conviction records.

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