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Benefits Analyst
3 months ago
Job Title: Benefits Analyst
Contract Type: 12 Month FTC
Location: London
£50,000 + Bonus & Benefits
Job Summary:
The Benefits Analyst is responsible for administering and managing employee benefits programs, ensuring compliance with regulations, and providing data-driven insights to enhance the overall benefits strategy. This role involves analyzing current benefits plans, coordinating with external vendors, and supporting employees with their benefits-related inquiries.
Key Responsibilities:
Benefits Administration:
- Administer and manage employee benefits programs, including health, dental, vision, life insurance, retirement plans, and wellness initiatives.
- Ensure accurate and timely enrolment of employees in benefits programs.
- Maintain benefits records and manage benefits database, ensuring data integrity and compliance.
Data Analysis & Reporting:
- Conduct regular analysis of benefits programs, identifying trends, and providing recommendations for plan design changes.
- Prepare reports on benefits utilization, cost analysis, and employee satisfaction.
- Support the annual benefits review process, including benchmarking and market analysis.
Employee Support:
- Serve as a point of contact for employees regarding benefits inquiries and issues.
- Conduct benefits orientations for new hires and provide ongoing education on benefits programs.
- Assist employees with claims issues and liaise with benefits providers to resolve complex cases.
Vendor Management:
- Collaborate with external vendors to manage benefits plans and ensure high-quality service delivery.
- Participate in the selection and negotiation of benefits vendors and service providers.
- Monitor vendor performance and manage relationships to ensure alignment with company objectives.
Process Improvement:
- Identify opportunities to improve benefits processes, enhancing efficiency and employee satisfaction.
- Implement best practices in benefits administration and ensure continuous improvement.
Qualifications:
- Experience:
- Hands on experience in benefits administration, or a related field.
- Experience with benefits software and HRIS systems preferred.
Skills:
- Strong analytical skills and attention to detail.
- Proficiency in Microsoft Excel and other data analysis tools.
- Excellent communication and interpersonal skills.
- Ability to manage multiple tasks and prioritize effectively.
- Knowledge of benefits laws and regulations.
Work Environment:
- Typical office environment with a mix of remote and on-site work depending on company policy.
