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Benefits Analyst

  • Job
    Full-time
    Mid Level
  • Data
    People, HR & Administration
  • Waukesha
  • Quick Apply

AI generated summary

  • You need a degree in HR, 3 years in benefits analysis, knowledge of US/Canada regulations, strong data and communication skills, ERP experience, and relevant certifications. Global benefits experience is a plus.
  • You will analyze employee benefit programs, ensure data accuracy, assist with compliance, manage vendors, provide reporting, and support new plan implementations and audits.

Requirements

  • Bachelor's degree (or equivalent knowledge) in Human Resources or other related field.
  • Requires 3 years of professional level US and/or Canada benefits analysis and administration experience to include experience in a centralized benefits department that includes delivering self-funded, multi-state benefits programs, analyzing vendors, RFPs and benefit plans, interpreting insurance and plans documents, analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvements and find solutions.
  • Comprehensive knowledge of US and Canada benefit practices, trends, methods and pertinent federal and state regulations, filing and compliance requirements affecting employee benefit programs including, but not limited to: ERISA, FMLA, IRC Section 125, Workers’ Compensation, Medicare/Social Security, Service Canada regulations, OSHA, ADA and COBRA.
  • Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization.
  • Requires attention to detail and analytical skills necessary to evaluate situations and take appropriate action.
  • Knowledge of statistical methods, data analysis and presentation.
  • Understanding of the laws and regulations that affect human resources and benefits.
  • Critical thinking skills with the ability to research and analyze data drawn from multiple sources to find problems and make effective decisions.
  • Strong business and financial acumen.
  • Strong customer service orientation.
  • Ability to develop and maintain effective working relationships with a variety of stakeholders.
  • Ability to translate the technical nature of compensation for clear stakeholder understanding.
  • Consultative and collaborative style that allows for influence without authority.
  • Proficiency in MS Office applications. Highly proficient with Excel.
  • Current knowledge and experience using and configuring enterprise-wide (ERP) based HR systems such as Workday, Oracle Cloud HR, or SAP/SuccessFactors.
  • Certified Employee Benefits Specialist (CEBS) issued by the International Foundation of Employee Benefits Plans or Certified Benefits Specialist (CBS) issued by WorldatWork. SHRM or HRCI certification.
  • Global benefits experience to include U.S., Canada, Mexico, and Europe.
  • Workday experience.
  • Knowledge of mergers and acquisitions to include due diligence and integration processes.

Responsibilities

  • Provide research and/or analytics to support the analysis, design and administration of US and Canada employee benefit programs, including utilization, trends and opportunities for benefit system or program improvement.
  • Assist as a subject matter expert for benefit data and plan designs, including researching and analyzing data, creating reports and presentations, preparing reconciliations and assist with recommendations, etc.
  • Analyze and report on benefit program utilization trends across the organization and make recommendations for improvement.
  • Provide reporting and benchmark data to identify benefit trends and develop executive updates. Participate in marketing of benefit plans, service providers and programs, vendor evaluation and selection.
  • Involved in implementation and launch of new benefit plans, service providers and programs.
  • Ensure accuracy of employee and benefit database via audits and system correction; perform reconciliation of benefit vendor data files, closed loop payroll, direct billings and payments and/or invoices.
  • Assist with the management of US and Canada benefit vendors and third party administrators. Support the development, implementation, and administration of US and Canada employee benefit programs ensuring benefit programs comply with existing policies and meet legal compliance.
  • Review, troubleshoot and resolve data integrity and/or plan compliance documentation issues. Troubleshoot errors that are affecting company benefit plans and correct them within legal and/or plan guidelines.
  • Assist with internal and external audits, ensuring US and Canada benefit plan design and operation is consistent with plan documentation as well as SOP and compliance requirements. Prepare and manage benefit SOPs.
  • Provide or assist with the compilation of necessary data or documentation for compliance-related submissions and/or employee communications, including Form 5500, ACA, Notice of Creditable Coverage, and various state health and leave requirements.
  • Collaborate on special projects with other key stakeholders such as Payroll, IS and other HR teams; function as subject matter expert on benefits in these projects.

FAQs

What is the primary purpose of the Benefits Analyst position at Generac?

The primary purpose is to conduct analysis and research to support the development and administration of effective US and Canada benefits programs in accordance with the organization's total reward strategy.

What are the key responsibilities of a Benefits Analyst?

Key responsibilities include analyzing and reporting on benefit program utilization trends, supporting the administration of employee benefit programs, managing benefit vendors, ensuring data integrity, and assisting with audits and compliance documentation.

What qualifications are required for this role?

A Bachelor's degree in Human Resources or a related field is required, along with a minimum of 3 years of professional level benefits analysis and administration experience.

What knowledge and skills are essential for a Benefits Analyst?

Essential skills include comprehensive knowledge of US and Canada benefit practices and regulations, excellent communication skills, attention to detail, strong analytical and critical thinking abilities, and proficiency in MS Office, particularly Excel.

Are there any preferred qualifications for this position?

Preferred qualifications include certifications such as Certified Employee Benefits Specialist (CEBS) or Certified Benefits Specialist (CBS), global benefits experience, and experience with Workday.

Will the Benefits Analyst role involve collaboration with other departments?

Yes, the role will involve collaboration on special projects with key stakeholders such as Payroll, IS, and other HR teams.

Is experience with mergers and acquisitions relevant for this position?

Yes, knowledge of mergers and acquisitions, including due diligence and integration processes, is considered a preferred qualification.

What types of employee benefits will the Benefits Analyst assist with?

The Benefits Analyst will assist with a variety of employee benefits programs in the US and Canada, including health benefits, retirement plans, and other employee perks.

Does this position require travel?

Yes, occasional travel may be required for this position.

Is this a remote work position?

The Benefits Analyst position supports a hybrid work format but it may depend on the specific needs and policies of the organization.

Energy
Industry
5001-10,000
Employees
1955
Founded Year

Mission & Purpose

Generac is a leading energy technology company committed to powering a smarter world. Our purpose is to lead the evolution to a more resilient, efficient, and sustainable world through our backup and prime power systems. As a company, we are committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generators. Generac’s people contribute to the company’s growth and success by living our corporate values everyday - integrity, innovation, agility, teamwork, and excellence. We foster a culture that supports diversity, equity, inclusivity, and good corporate citizenship, globally. If you're interested in powering your future with Generac, visit www.generac.com/about-us/careers to find a position that fits your career goals and celebrated talents.