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Benefits Analyst

3 months ago

UK, UK, United Kingdom JSS Search Full time

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.