What are the responsibilities and job description for the Benefits Analyst - Remote/Hybrid position at Swedish American?
Pay Range : $59,800 - $89,800 / year
Additional components of compensation may include :
Evening & night shift differential
- Overtime
- On-call pay
Benefits information : https : / / careers.uwhealth.org / benefits /
At UW Health in northern Illinois, you will have :
POSITION SUMMARY :
The Benefits Analyst assists with the development, implementation and administration of UW Health's total rewards programs with an emphasis on benefit areas. The analyst develops plan materials, leads projects, and monitors market trends to ensure program effectiveness. The role designs and executes solutions based on business goals and strategy and administers system-wide benefit programs. Identifies and implements opportunities for plan improvements to benefit programs based on market analysis to ensure external competitiveness.
The analyst provides strategic guidance and direction to physicians, leaders, employees, retirees, and human resource staff on the system-wide benefit programs. In addition, the analyst works with Payroll, Recruitment, HR Service Center, HRIS, Information Systems and Finance to implement and communicate various benefit data and changes along with answering general and complex questions.
EDUCATION / TRAINING :
Minimum :
Bachelor's Degree in Human Resource Management or related field. Equivalent experience will be considered in lieu of degree
Preferred : N / A
LICENSURE / CERTIFICATION :
Minimum :
N / A
Preferred : N / A
Professional Human Resource Certificate (PHR)
Senior Professional Human Resource Certificate (SPHR)
EXPERIENCE : Minimum :
2 years with analytical processes with knowledge of Compensation and / or Benefit programs
Preferred : N / A
REQUIRED SKILLS, KNOWLEDGE, AND ABILITIES :
Must be detail oriented with strong organizational skills and the ability to think strategically
Demonstrated knowledge and understanding of laws and regulations that impact employee benefits (e.g. ERISA, COBRA, ACA, IRS and DOL requirements)
Advanced knowledge of statistical methods, data analysis and presentation
Proficiency in using various applications that include human capital management system, and Microsoft Office Suite
Ability work independently and in a team environment
Demonstrated ability to lead projects that includes planning the life cycle of the project and identifying key project activities. Proven ability to develop sound proposals and successfully implement programs
Demonstrated ability to develop accurate and clear communications that appropriately communicates programs and projects to all levels from physicians and executives to staff employees
Strong written and verbal communication skills and the ability to communicate effectively
MAJOR RESPONSIBILITIES :
Calculates employee benefit coverage for profit sharing / pension benefits, retirement savings plans, disability plans, group medical, dental, life insurance as well as other employee benefit programs. Creates statistical reports and analysis capturing data useful to management decision making.
Calculates defined benefit and defined contribution plan monthly benefits for active employees and terminated vested employees and counsels them regarding benefit options.
Identifies and implements opportunities for plan improvements based on market analysis to ensure a competitive fringe benefit package. Conducts, participates in, and analyzes local and national benefit surveys to identify trends, opportunities for improvement, and to ensure benefit package competitiveness.
Reviews and analyzes employee / physician benefit plans to ensure compliance with federal and state regulations. Scrutinizes proposed changes with actuaries, attorneys and consultants; and assists in implementing approved changes.
Participates in the development of plan descriptions, handbooks, and training programs to provide management and employees with information necessary to understand their benefit programs.
Prepares reports and forms to ensure UW Health’s compliance with the Employee Retirement Income and Security Act (ERISA), which includes preparation of 5500’s and summary annual reports. Also gathers the data required for the vendors to prepare annual non-discrimination testing; analyzes results for accuracy and assists in corrective action if needed.
Assembles documentation to assist in calculating annual budget, enhance effectiveness of programs, control costs and ensure adherence to legal and regulatory standards.
Investigates and analyzes existing benefit programs of proposed and newly acquired affiliates to determine comparability with existing UW Health benefits.
Assists in finding opportunities to control benefit costs through the negotiation of benefit contract terms, the competitive bid process, and ensuring the existence of effective and efficient administration.
May serve as a resource and mentor to other staff on problem solving routine to complex issues related to program policies and procedures.
Our Commitment to Diversity, Equity, and Inclusion
UW Health is committed to being a diverse, inclusive and anti-racist workplace and is an Equal Employment Opportunity, Affirmative Action employer. Our integrity shines through in patient care interactions and our daily work practices as we work to embrace the knowledge, unique perspectives and qualities each employee and faculty member brings to work each day. Applications from Black, Indigenous and People of Color (BIPOC) individuals, LGBTQ and non-binary identities, women, persons with disabilities, military service members and veterans are strongly encouraged. EOE, including disability / veterans.
PI260170880
Salary : $59,800 - $89,800
