We provide IT Staff Augmentation Services!

Benefits Analyst Resume Profile

2.00/5 (Submit Your Rating)

Ridgefield Park, NJ

HUMAN RESOURCES - SR BENEFITS ANALYST

  • Versatile HR/Benefits analyst with background from professional services and insurance Fortune 500 and 1000 companies with solid experience in the day to day administration of employee benefits and total rewards manual administration and self service portal for salaried and union population, leave of absence plans, workers compensation, payroll files approval, COBRA, FMLA, OSHA reporting, on boarding new hires and exit interviews, benefits enroller during open enrollments, run reports, administration of I-9 and 5500 filing of benefit plans compliance.
  • Versed in several HRIS systems as Functional Analyst and end user in correction mode.
  • Point of contact as subject matter expertise for employees and highly compensated population.
  • Specialized in LOA tracking, wellness practices, campaigns and health fairs events, retirement seminars for multi site and global employers.
  • Broad experience in multiple vendors' management, annual renewal of several major HW vendors' contracts, RFP, health and pharmacy benefits optimization, budgeting, vendor's audits performance guarantees, and vendor's invoicing management.
  • Trained, coached and supervised up to twelve benefits assistants.

ACHIEVEMENTS

  • Assisted in the implementation and design of a new medical plan HRA Health Reimbursement Accounts.
  • Audited the performance guarantees of multiple health insurance carriers obtaining reimbursements up to 100,000.
  • Audited under performance health carrier, recommended replacement and assisted to implement a new one in remote location from company headquarters.
  • Assisted in the implementation of Wellness practices to reduce high costs in claims experience and Short term disabilities.
  • Successfully launched Total Compensation Statements online with a complete data integrity. Spotted the omission of 300 employee's compensations schemes valued at 1,500,000 from previous years.

PROFESSIONAL EXPERIENCE

Confidential

Benefits Analyst

  • Assist in the Administration, audit and implementations of the Define Contribution and Non-Qualified-Rabi Trust
  • Ongoing pension -payroll data audit, reporting and corrections on database for the integrity resulting in QNEC, 409A and 402g and assists with annual audits, government filings, voluntary corrections VCP plan mergers, Non discrimination testing compliance..
  • Assisted in the reporting of the ACA and payments of the transitional fees.
  • Participate in plan updates implementations, merger-acquisition integration, work around the governance of the Define Contribution plans liaising with project managers, attorneys, vendors and HR partners.
  • Assisted in the preparation of RFP in the Health Benefits area with four of the major consulting firms
  • Assist and partner with other HR related functions as needed by preparing and distributing reports.

Confidential

Benefits Analyst Consulting

  • Vested Term clean up pension project to target lump sums payout distributions of former acquisitions. Liaise with actuaries and recordkeeping vendor Fidelity using NetBenefits platform. Assisted to review PPAC open enrollment communications. Researched in plan updates under D.O.M.A legislation.

Confidential

Pension Analyst . Consulting .Client: Pension Project Based for Chevron. 70,000

  • Case Management of defined benefits pension, QDRO calculations and Vested Terms small payouts following calendar of SLA deliverables using several platforms as Sybase, SQL and Recordkeeping systems.

Confidential

Pension Analyst - HR Retirement Services Department

  • Processed manual pension calculations and PeopleSoft pension calculations actives, vested terms, final calculations and pension estimate from six active pension plans and four frozen pension plans. union and salaried .
  • Reconciled monthly pension payroll payment activities utilizing ADP Enterprise EV-4 and PeopleSoft 9.
  • Reconciled recurring and no recurring pension payments with the Trust.
  • Assisted in different projects for the automation of the pension plan administration in PeopleSoft 9 project.
  • Served as expert point of contact to employees, vendors within the organization resolving inquires over the phone, correspondence and walks in.
  • Delivered the approval of QDROs' requests for the defined and contribution plans.
  • Calculated automated pension engine calculations in PeopleSoft Pension Modules version 9.

Confidential

PeopleSoft Ben Admin Consulting 2012

  • Assisted during retiree open enrollment season as Ben Admin in PeopleSoft version 8 .
  • Responsible to run multiples PeopleSoft reports to support internal units and establish a trend analysis and troubleshoot complex enrollment work tickets from call center.
  • Trained as Super User in PeopleSoft version 9 and queries.
  • Analyzed and corrected complex enrollment data and interfaced data with health and pharmacy carriers.

Confidential

HR Administrator Consulting

  • Assisted HR Department in the on boarding new hires processing, administration of Wage Works benefits, create new hires accounts, visas and work permit, process employee termination file paperwork, exit interviews, data management, scanned documents, process transactions in web tracking system.
  • Processed employment verification, salary verification, complimentary assistance to Director of HR, process payroll forms, processed request to add temporary staff, run background check on vendor's platform, functional HR transactions, new hire orientation,
  • Approved bi-weekly overtime non-exempts timesheets for payroll processing.
  • Assisted risk Management to audit yearly I-9 forms and updated documentation of foreign nationals.
  • Administration of COBRA/ARRA subsidy invoicing.
  • Wage Works administration of employee commute expenses.
  • Supervised temporary HR assistance in special project.
  • Administered monthly legal invoices expenses averaging a million dollar account per year and reconciliations of overcharges with three major law firms.
  • Run Crystal reports to prepare headcounts billings in coordination with Accounting and Compliance.
  • Data entry in HRIS.
  • Recommended to Compliance and HR Department the insertion of contingency and preparedness information in new hire welcome package.

Confidential

Pension Analyst Consulting

  • Administered the day to day pension plans Defined Benefits using ADP Enterprise Platform for active employees and 14 pension legacies, reviewed calculations and delivered final retirement packages, prepared pension benefit estimates.
  • Assisted to revamp pension letters for the department. Served as subject matter expert for retirees and employees regarding the resolution of eligibility and access to pension payment benefits.
  • Run reports and queries to determine monthly batch for term vested participants. Assisted in valuation reporting with actuaries. Coordinated transfer of pension data with external vendors, plan providers and auditors. Identified communication materials improvement.
  • Implemented and coordinated with the Trust Department the use of a common database to monthly updated payment status of deceased participants, change of addresses of financial institutions, and lost payments.
  • Started to build aged manual records into a pension database for the migration into ADP platform.

Confidential

Benefits Analyst

  • Assisted in the negotiation with health carrier for them optimization of Medco pharmacy benefits, administered, monitored the performance of disease management and their impact in cost and disability trends, claims experience, Medco optimization pharmacy benefits, troubleshoot carrier network disruptions for actives and retirees plans.
  • Administered, implemented, designed, managed insurance claims optimization, monitored performance of the benefits plans and geographic network performance, for actives, retirees, salaried and union population utilizing Infinium platform.
  • Assisted in the budgeting, plans claim funding, modeled and renewed contracts with seven US health carriers Applied cost containment criteria. Modeled health benefits, employee contributions to meet company objectives.
  • Identified process improvements.
  • Revamped three Retiree Health Plans documents pre post 65 and active population Health Plans documents to ensure legal compliance.
  • Participated in the Wellness Committee to promote US and global goals in coordination with medical services, vendors and HR community. Commissioned to propose Wellness Program and promoting consumerism.
  • Assisted in the open enrollment process, communications and implementation.
  • Successfully implemented Summary Plan Description Plans online-intranet application Microsoft-FrontPage .
  • Evaluated benefit programs based on market assessment and comparison of the existing programs versus benchmarks claims, administration fees, audits and utilization .
  • Monitored and reviewed new contracts and actively assisted in the Request for Proposals.
  • Responsible for the administration of the US Mobility-Relocation plans in coordination with Europe.
  • Assessed competitive information/survey results for local markets. Bench marked against industry leaders
  • Monitored the processing of 5500 Filing Benefit plans salaried, union and Past Service Retirement Plans and troubleshot aged filings.
  • Successfully launched Total Compensation Statements online. Control of data integrity - with 97 error free achieved.

We'd love your feedback!