Benefits Analyst

About the role

The Benefits Analyst is responsible for the ongoing administration, optimization, and financial integrity of the company's employee benefit programs. This role serves as a trusted subject-matter expert, partnering closely with vendors, Payroll, HRIS, Finance, and internal stakeholders to ensure benefit plans are administered accurately, compliantly, and cost-effectively. This position leads complex operational work including vendor management, self-billed plan administration, invoice reconciliation, advanced functional Workday Benefits administration and design, and benefits-related data analysis, while providing escalation-level employee support. Education Requirements: Bachelor's degree in Human Resources, Business, Finance or a related field preferred, high school diploma (or equivalent) in combination with significant practical experience will be considered in lieu of degree. Minimum of high school diploma or equivalent is required.

Responsibilities

• Benefits Administration Support
• Serve as a primary administrator for health and welfare, retirement, and ancillary benefit plans.
• Own benefit lifecycle events including eligibility, enrollments, status changes, terminations, and audits.
• Configure, test, and maintain benefit plans within Workday Benefits, ensuring accurate rules, eligibility, and integrations.
• Act as the escalation point for complex benefits issues and employee inquiries.
• Vendor Management & Plan Administration
• Manage day -to day relationships with benefit carriers, third-party administrators (TPAs), and brokers.
• Lead vendor issue resolution, including eligibility discrepancies, billing errors, and service-level concerns.
• Participate in vendor performance reviews and support renewals, plan changes, and implementations.
• Coordinate and validate data exchanges between Workday, payroll, and benefit vendors.
• Self-Billing, Invoicing & Financial Controls
• Own monthly self-billed and fully insured carrier invoice reconciliation, ensuring accuracy of enrollments, premium rates, and employer/employee contributions.
• Partner with Finance and Payroll to resolve billing discrepancies, benefits general ledger account analyses and ensure timely payment.
• Track adjustments, credits, and retroactivity; document outcomes and maintain audit-ready records.
• Support budgeting and cost analysis by identifying trends, variances, and potential risks.
• Data Integrity, Audits & Compliance
• Lead routine and ad-hoc audits across Workday, payroll, and vendor systems to ensure data accuracy.
• Support compliance activities including ACA reporting, COBRA, 401(k) audits, nondiscrimination testing, and other regulatory requirements.
• Maintain strong data governance and confidentiality standards.
• Develop and maintain process documentation and controls to support internal and external audits.
• Reporting & Analysis
• Produce and analyze benefits-related reports for HR, Finance, and leadership using Workday and Excel.
• Identify trends related to enrollment, utilization, costs, and employee experience.
• Provide insights and recommendations to improve plan effectiveness, administrative efficiency, and employee understanding.
• Cross-Functional Partnership & Process Improvement
• Partner closely with Payroll, HRIS, Finance, and HR Business Partners to ensure seamless benefits operations.
• Identify opportunities to streamline processes, improve data accuracy, and enhance employee experience.
• Contribute to open enrollment strategy, testing, communications, and post-enrollment reconciliation.
• May provide guidance or informal mentorship to Benefits Specialists.
• May provide back up to Benefits Specialists during vacations and other project or out of office times for those functions.
• Bas

Benefits

Additional Information

Current Employees and Contractors Apply Here Osaic Careers Human Resources Opportunity in Financial Services Benefits Analyst Location(s): Atlanta: 2300 Windy Ridge Pkwy SE, Suite750, Atlanta, GA 30339 La Vista:12325 Port Grace Blvd, La Vista, NE 68128 Oakdale: 7755 3rd St. N, Oakdale, MN 55128 Scottsdale: 18700 N Hayden Rd, Suite 255, Scottsdale, AZ 85255 St. Petersburg: 877 Executive Center Dr. W, Suite 300, St. Petersburg, FL 33702 Osaic is not considering remote candidates at this time. Osaic has returned to the office on a hybrid schedule requiring a minimum of 4 days weekly in the office. Applicants should be located at one of our hubs listed above and must be willing to work this schedule. Role Type: Full-time, Exempt Salary: $78,000 - $104,000 per year + annual performance-based bonus Actual compensation offered will be determined individually, based on several job-related factors, including location, skills, licensure, experience, and education. Our competitive compensation is just one component of Osaic's total compensation package. Additional benefits include health, vision, dental insurance, 401k, paid time away, volunteer days and much more. To view more details of what you can look forward to, visit our careers page: Osaic Benefits.

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