Benefits Analyst
Company: Vaco Staffing
Location: Memphis
Posted on: January 12, 2021
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Job Description:
HOT JOB IN GERMANTOWN, TN!!Benefits Analyst$70-90k + 10%
bonusResponsibilities* Administers the company's health and welfare
and retirement plans (defined contribution and defined benefit) in
accordance with plan documents and company policies and
procedures.* Serves as the subject-matter expert for retirement
recordkeeper's system.* Responsible for overall set-up and
maintenance of benefit plans in the HRIS system, including annual
enrollment changes.* Ongoing responsibility for vendor data file
feeds and reconciling error reports, identifying recommendations
for streamlining the process.* Supports management in the annual
benefits renewal process, providing financial and data analysis as
needed.* Monitors experience (claims, administration fees,
utilization) of all benefit plans; creates benefit-cost report and
narrative for management review.* Works with consultants to develop
projections for the annual benefits budgeting process.* Works with
auditors to provide information as needed to support the annual
audits for qualified benefit plans.* Coordinates all government
filings and requirements such as 5500s, 8955-SSAs, PBGC Premiums,
1095-C, Annual Funding Notices, and Summary Annual Report.* Audits
and maintains benefit plans for compliance with government
regulations.* Responsible for financial aspects of benefits such as
cost analysis, vendor invoices, and benefits billing.* Provides
data and supports vendors for annual nondiscrimination testing.*
Participates in the fiduciary compliance process for defined
benefit and defined contribution plans involving the coordination
of investment selection meetings and keeping of minutes.* Analyzes
external market/benchmark data and identifies areas where we can be
more competitive with our benefits offerings.* Identifies,
recommends and implements process improvements to reduce or
eliminate errors.* Special projects and other duties as
assigned.Education / Experience / Skill / Competency Requirements*
7+ years of in-depth employee benefits analyst experience
required.* In-depth experience providing administrative oversight
for retirement (defined benefit and defined contribution) and
health and welfare plans are required.* Analytical thinking,
creativity, and problem-solving skills are required.* Strong
written, verbal, and interpersonal skills are required as well as
the ability to communicate effectively with employees on all
levels.* Experience managing multiple projects with the ability to
prioritize are required.* Excellent computer skills, especially
Microsoft Office (Excel, Word, PowerPoint) and HRIS databases
maintenance is required.* Extensive technical experience managing
outsourced HRIS benefit platforms is required.Preference:*
Bachelor's degree preferred.* CEBS (Certified Employee Benefits
Specialist) or significant work toward designation is highly
desirable.
Keywords: Vaco Staffing, Memphis , Benefits Analyst, Professions , Memphis, Tennessee
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