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Benefits Analyst

Company: Vaco Staffing
Location: Memphis
Posted on: January 12, 2021

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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