Senior Professional Services Analyst
Sayari
Senior Benefits Analyst
Point32Health
full-time
Posted on:
Location Type: Remote
Location: Remote • Rhode Island • 🇺🇸 United States
Visit company websiteJob Level
Senior
About the role
- Oversee day-to-day administration of 401(k), Executive Savings Plan (ESP) and 457(b) plans, including employee enrollment, contribution processing, vesting schedules, loan and hardship withdrawal management, and distribution processing.
- Conduct regular audits and reconciliations to ensure accuracy of plan data, participant accounts, and financial reporting.
- Monitor compliance with ERISA, IRS regulations, DOL guidelines, and plan document requirements; prepare and file necessary forms (e.g., Form 5500) and respond to audits.
- Collaborate with third-party administrators, recordkeepers, and investment providers to resolve issues, implement plan changes, and optimize plan performance.
- Analyze plan utilization trends, costs, and employee feedback to recommend enhancements, such as new investment options or communication strategies.
- Administer financial programs such as tuition, HSA and banking.
- Assist in the administration of other benefits programs (e.g., health insurance, life insurance, disability, FSA/HSA) during peak periods or as business needs arise, including enrollment support, compliance/audit activities, and claims resolution.
- Develop and deliver employee education sessions, communications, and resources on benefits topics to promote awareness and utilization.
- Partner with HR partners and finance teams to forecast benefits costs, budget for plan renewals, and support open enrollment processes.
- Stay abreast of industry trends, legislative changes, and best practices in employee benefits to inform strategic recommendations.
- Maintain accurate records in HRIS systems (e.g., Workday, ADP) and generate reports for leadership on benefits metrics and KPIs.
- Serve as a subject matter expert on benefits-related inquiries from employees, managers, and vendors.
- Contribute to benefits committee meetings, vendor RFPs, and annual benefits strategy planning.
- Provide day-to-day support for retirement programs; lead annual 401(k) discrimination testing project; conduct audits to ensure integrity of the plan (i.e. ensure all eligible employees are auto-enrolled).
- Complete annual true-up process, calculate and apply annual non-elective contribution.
- Assist with ESP annual enrollment – identify participants, update communications, respond to inquiries.
- Other duties and projects as assigned.
Requirements
- Bachelor’s degree or equivalent experience
- 5 + years’ experience managing medium size, cross-functional projects and applying project management principles.
- Understanding of retirement plan administration.
- Experience with Workday or other HR systems.
- Extensive experience managing projects and programs that involve business-to-system and/or system-to-system interactions.
- Experience managing relationships with vendors and outsourcers, strong interpersonal, communication, problem solving, and process management skills and ability to lead, direct, and motivate teams effectively while operating under tight deadlines.
- Ability to provide good judgment, initiative, and sound decision-making to proactively identify and resolve issues.
- Requires the ability to work independently as well as cooperatively in a team environment.
- Proficiency with Microsoft Project, Excel, Power Point, Word, and other desktop tools.
- Manages data effectively to conduct reporting, identify trends, synthesize and draw conclusions, and articulate a plan of action.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
401(k) administrationExecutive Savings Plan (ESP)457(b) plan managementcompliance auditingfinancial reportingretirement plan administrationproject managementdata analysisbenefits program administrationtrue-up process
Soft skills
interpersonal skillscommunication skillsproblem solvingprocess managementleadershipteam collaborationinitiativedecision-makingtime managementadaptability
Certifications
Bachelor's degree
