Benefits Analyst - (Investment Corporation) - Morris Plains NJ

We are seeking a proactive and experienced Benefits Analyst to establish and manage our comprehensive employee benefits program. As our first dedicated benefits specialist, you will play a critical role in designing, implementing, and administering competitive and compliant benefits packages that attract and retain top talent. You will be the subject matter expert on all benefits-related matters, ensuring a seamless and positive experience for our employees. Key Responsibilities:

Benefits Administration:

Oversee the administration of all employee benefits programs, including health, dental, vision, life insurance, disability, and retirement plans (401k). Plan Management:

Manage the day-to-day operations of the benefits plans, ensuring compliance with federal and state regulations. Employee Support:

Serve as the primary point of contact for employees regarding benefits inquiries, providing exceptional customer service and support. Vendor Management:

Liaise with benefits providers and vendors to ensure optimal service delivery and resolve any issues that arise. Enrollment and Communication:

Coordinate and manage the annual benefits enrollment process, including the development of communication materials and conducting informational sessions for employees. Data Analysis:

Analyze benefits data to identify trends, make recommendations for improvements, and ensure cost-effectiveness. Compliance:

Ensure all benefits programs comply with applicable laws and regulations, including ERISA, HIPAA, and ACA. Reporting:

Prepare and present regular reports on benefits utilization, costs, and trends to the HR Manager and senior leadership. Policy Development:

Assist in the development and implementation of benefits policies and procedures. Education and Training:

Develop and deliver training programs to educate employees about their benefit options and how to maximize their use. Billing Management:

Break out invoices to bill cost centers each month. 401k Load Management:

Create and upload 401k file. Manage Employee Leave Program:

Manage various employee leaves, track, and communicate with cost centers. Daily Data Management:

Enter new hires, update addresses, and rate changes. Unemployment/Disability requests:

Track and respond to inquiries from the state. Responsibilities:

Benefits Program Development & Administration:

Implement and administer all employee benefit programs, including medical, dental, vision, disability, 401(k), and other voluntary benefits. Conduct market research and benchmarking to ensure our benefits packages remain competitive and aligned with industry best practices. Manage vendor relationships, performance monitoring, and issue resolution. Oversee the annual benefits enrollment process, ensuring accurate and timely communication with employees. Ensure compliance with all applicable federal, state, and local regulations, including ERISA, HIPAA, and ACA.

Retirement Plan Management (401(k)):

Manage the 401(k) plan, including plan administration, compliance testing, and employee education. Work with the 401(k) provider to ensure accurate recordkeeping and timely contributions. Oversee and manage the 401k annual audit.

Employee Support & Communication:

Serve as the primary point of contact for employee benefits inquiries and provide timely and accurate information. Develop and deliver clear and concise benefits communications, including presentations, guides, and online resources. Conduct employee education sessions on benefits programs and changes. Resolve employee benefit issues in an efficient and timely manner.

Data Analysis & Reporting:

Analyze benefits data to identify trends, cost drivers, and areas for improvement. Prepare and present reports on benefits utilization, costs, and compliance. Maintain accurate benefits records and documentation. Provide reports to senior management as requested.

Compliance:

Maintain current knowledge of all benefit related laws and regulations. Conduct audits to ensure compliance. Work with legal counsel as needed.

Qualifications:

Required: Bachelor's degree in Business, Human Resources, Finance or related field. Preferred: 5 years of experience in employee benefits administration, with a strong understanding of 401(k) plans. SHRM-CP/SCP or CEBS certification preferred. Proven ability to implement and manage comprehensive benefits programs. Strong knowledge of ERISA, HIPAA, ACA, and other relevant regulations. Excellent communication, presentation, and interpersonal skills. Strong analytical and problem-solving skills. Proficient in HRIS and benefits administration systems. Familiar with ADP application. Ability to work independently and as part of a team. Excellent organizational and time management skills. About Us:

Atlantic Health System is a leading health care provider in New Jersey, with a strong commitment to quality, patient care, and community involvement. We offer a competitive and comprehensive Total Rewards package that supports the health, financial security, and well-being of all team members. Our benefits package includes medical, dental, vision, life insurance, disability, and retirement plans, as well as paid time off, tuition assistance, and employee wellness programs. EEO Statement:

Atlantic Health System is an equal employment opportunity employer and federal contractor or subcontractor, and abides by applicable laws to protect applicants and employees from discrimination in hiring, promotion, discharge, pay, fringe benefits, job training, classification, referral, and other aspects of employment, on the basis of race, color, religion, sex (including pregnancy, gender identity and sexual orientation), national origin, citizenship status, disability, age, genetics, or veteran status.

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