What are the responsibilities and job description for the Senior Benefits Analyst position at Standard Aero?
Senior Benefits Analyst
Location: This position can be worked out of any of StandardAero's North American facilities. There is a hybrid working arrangement available for this position.
Build an Aviation Career You're Proud Of
At StandardAero, we use our ingenuity and know-how to find solutions for the simple to the most complex challenges in aviation. Together, we get the job done and done well. Our stability, resources, and respectful culture supports you in building a solid career with a great team you can count on day in and day out for the long term.
Job Summary:
The Senior Benefits Analyst is responsible for analyzing, designing, and administering employee benefits programs in North America (U.S. and Canada) to ensure they meet the needs of employees while aligning with the organization's goals. This role involves evaluating benefits offerings by working closely with the benefits broker, managing vendor relationships, and ensuring compliance with regulations.
Key Responsibilities:
- Data Analysis: - Work closely with the benefits broker to analyze employee benefits usage and trends to provide insights and recommendations for program improvement.
- Perform regular audits of carrier enrollment data.
- Partner with HRTS team to configure and test benefit software system.
- Program Administration: - Oversee the administration of employee benefits programs, including health insurance, retirement and pension plans, and wellness.
- Assisting with the design and implementation of new benefits programs, including acquisition integration.
- Identify and implement process improvements and automation.
- Lead the annual benefit open enrollment planning and execution.
- Vendor Management: - Collaborate with broker, benefit providers and vendors to negotiate contracts, manage performance, and resolve issues.
- Compliance: - Ensure compliance with federal, state, and local regulations related to employee benefits including ERISA, HIPAA, ACA, and other applicable laws in Canada and U.S.
- Employee Communication: - Develop communication materials to educate employees about their benefits options and facilitate enrollment processes.
- Reporting: - Prepare reports and presentations for management on benefits trends, costs, and program effectiveness.
- Reconcile and submit monthly invoices including back-up data to Finance.
- Prepare and monitor benefits budget with Finance teams.
- Benchmarking: - Conduct market research to benchmark benefits offerings against industry standards and make recommendations for enhancements.
- Policy Development: - Assist in the development and implementation of benefits policies and procedures.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- 6 years of experience in benefits administration or human resources.
- Strong knowledge of employee benefits regulations and best practices in Canada and United States.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent verbal and written communication skills.
- Proficiency in HRIS systems, Excel, and benefits administration software.
- Ability to travel up to 10% to Canada and United States locations.
- Professional certifications such as Certified Employee Benefits Specialist (CEBS) or similar are a plus.
Benefits that make life better:
Comprehensive Healthcare
401(k) /RRSP with 100% company match; up to 5% vested
Paid Time Off starting on day one
Bonus opportunities
Health- & Dependent Care Flexible Spending Accounts
Short- & Long-Term Disability
Life & AD&D Insurance
Learning & Training opportunities
Raising the Standard of Excellence since 1911
With over a century of proven excellence, StandardAero has become an industry leader in MRO services and customized solutions in the aerospace field. Our shared values and learning-based culture inspire our team to exceed their potential and power our customers' missions worldwide. With on-the-job training, advancement opportunities, and excellent benefits, StandardAero invites you to experience a fulfilling and meaningful career with us.
Inclusivity Is Our Standard
StandardAero offers equal employment opportunities for all. Our supportive environment celebrates diversity with no room for harassment or discrimination of any kind. We invite you to bring your authentic self to our team and experience our welcoming culture.
StandardAero is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, age, national or ethnic origin, religion, sexual orientation, gender identity or expression, transgender status, genetic information, status as a protected veteran, and basis of disability status or any other federal, state or local protected class.
Location: This position can be worked out of any of StandardAero's North American facilities. There is a hybrid working arrangement available for this position.
Build an Aviation Career You're Proud Of
At StandardAero, we use our ingenuity and know-how to find solutions for the simple to the most complex challenges in aviation. Together, we get the job done and done well. Our stability, resources, and respectful culture supports you in building a solid career with a great team you can count on day in and day out for the long term.
Job Summary:
The Senior Benefits Analyst is responsible for analyzing, designing, and administering employee benefits programs in North America (U.S. and Canada) to ensure they meet the needs of employees while aligning with the organization's goals. This role involves evaluating benefits offerings by working closely with the benefits broker, managing vendor relationships, and ensuring compliance with regulations.
Key Responsibilities:
- Data Analysis: - Work closely with the benefits broker to analyze employee benefits usage and trends to provide insights and recommendations for program improvement.
- Perform regular audits of carrier enrollment data.
- Partner with HRTS team to configure and test benefit software system.
- Program Administration: - Oversee the administration of employee benefits programs, including health insurance, retirement and pension plans, and wellness.
- Assisting with the design and implementation of new benefits programs, including acquisition integration.
- Identify and implement process improvements and automation.
- Lead the annual benefit open enrollment planning and execution.
- Vendor Management: - Collaborate with broker, benefit providers and vendors to negotiate contracts, manage performance, and resolve issues.
- Compliance: - Ensure compliance with federal, state, and local regulations related to employee benefits including ERISA, HIPAA, ACA, and other applicable laws in Canada and U.S.
- Employee Communication: - Develop communication materials to educate employees about their benefits options and facilitate enrollment processes.
- Reporting: - Prepare reports and presentations for management on benefits trends, costs, and program effectiveness.
- Reconcile and submit monthly invoices including back-up data to Finance.
- Prepare and monitor benefits budget with Finance teams.
- Benchmarking: - Conduct market research to benchmark benefits offerings against industry standards and make recommendations for enhancements.
- Policy Development: - Assist in the development and implementation of benefits policies and procedures.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- 6 years of experience in benefits administration or human resources.
- Strong knowledge of employee benefits regulations and best practices in Canada and United States.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent verbal and written communication skills.
- Proficiency in HRIS systems, Excel, and benefits administration software.
- Ability to travel up to 10% to Canada and United States locations.
- Professional certifications such as Certified Employee Benefits Specialist (CEBS) or similar are a plus.
Benefits that make life better:
Comprehensive Healthcare
401(k) /RRSP with 100% company match; up to 5% vested
Paid Time Off starting on day one
Bonus opportunities
Health- & Dependent Care Flexible Spending Accounts
Short- & Long-Term Disability
Life & AD&D Insurance
Learning & Training opportunities
Raising the Standard of Excellence since 1911
With over a century of proven excellence, StandardAero has become an industry leader in MRO services and customized solutions in the aerospace field. Our shared values and learning-based culture inspire our team to exceed their potential and power our customers' missions worldwide. With on-the-job training, advancement opportunities, and excellent benefits, StandardAero invites you to experience a fulfilling and meaningful career with us.
Inclusivity Is Our Standard
StandardAero offers equal employment opportunities for all. Our supportive environment celebrates diversity with no room for harassment or discrimination of any kind. We invite you to bring your authentic self to our team and experience our welcoming culture.
StandardAero is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, age, national or ethnic origin, religion, sexual orientation, gender identity or expression, transgender status, genetic information, status as a protected veteran, and basis of disability status or any other federal, state or local protected class.
