The Benefits Analyst II plays a crucial part in delivering best-in-class benefits offerings specifically in Retirement and Pension Administration, that suit the needs of our people and meet them wherever they are in their health & well-being journey. This role reports directly to the Senior Manager, Global Benefits.
Desired location within 30 miles of NYC.
Responsibilities
- Support the administration of company health and welfare plans including medical, dental, vision, life/disability, health savings and spending accounts, educational reimbursement and 401K/retirement plans
- Ensure all benefit programs (health, dental, vision, retirement, etc.) comply with federal and state regulations (e.g., ERISA, COBRA, FMLA) including support of annual nondiscrimination and compliance testing
- Administer 401(k) and pension plans in compliance with plan documents and federal/state laws
- Reconcile plan assets and contributions; support plan audits, addressing findings and resolving discrepancies
- Partner with vendors, auditors, and internal teams to ensure accurate reporting, audits, valuations, and special projects
- Provide exceptional support to employees regarding benefit & retirement program inquiries, ensuring their needs are met and questions are answered promptly
- Conduct research and provide recommendations regarding escalated benefits & retirement matters involving internal and external partners
- Assist in preparation of reports related to benefit plans, ensuring compliance with legal and regulatory requirements
- Assist in tracking benefit costs, preparing benefit cost analysis, and summarizing employee benefits data
- Conduct research and troubleshoot matters pertaining to invoicing and invoice reconciliation
- Maintain and develop relationships with internal partners, third party administrators and external vendors
- Identifies opportunities for operational improvements and collaborates with cross-functional teams to implement changes effectively
- Assist with matters pertaining to global retirement plans
- Maintain retirement plan records and files
- Assist in special projects pertaining to US Benefits programs