Overview
The Job
An exciting opportunity exists for a Benefits Analyst to join our Benefits Shared Service Team based in New York City. You will be responsible for the day-to-day administration of employee leaves, and the company benefit plans to include, but not limited to: Health and Welfare and 401(k)/Pension plans. You will provide excellent customer service to employees, HR, a portion of the US based Publicis Groupe population.
Responsibilities
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Essential Duties and Responsibilities
- Collaborate with the Costa Rica billing team to ensure proper processing of vendor invoices, payment approvals, and resolution of billing issues.
- Assist with coordinating payment confirmations and maintaining accurate billing records.
- Support 401K processes such as participant enrollment, reconciliation, funding, vesting calculations, and compliance with ERISA laws.
- Address errors and ensure participant accounts are accurately maintained.
- Assist with preparing and submitting financial reports, including headcount, accruals, and chargebacks. Ensure accuracy in documentation and reporting for audits and payments.
- Support annual audits (Form 5500, non-discrimination testing) by gathering necessary documents and ensuring compliance with internal policies and regulations.
- Assist with open enrollment processes, rate changes, and year-end reporting for health and welfare programs.
- Keep abreast of new or updated benefit rules and regulations.
- Record expenses: Accurately record benefits expenses
- Support audits: Provide assistance to outside auditors
- Improve accounting processes: Develop and improve accounting, data, and reporting processes
- Manage financial data: Review and manage financial data using financial reporting tools
- Assists in retirement benefit plans accounting; serves as a liaison to benefit insurance providers, auditors, actuaries
- Works with insurance providers to accurately record benefit costs, provide all required information and helps prepare financial statements for retirement plans; provides required financials to actuaries
- Performs reconciliation of employee and benefit data from service provider reports to our systems
- Provides financial analysis and internal reporting; identifies, researches and resolves accounting and internal control issues in benefits and compensation accounting systems
- Develops, implements and maintains appropriate internal controls and procedures for all areas involved with benefits and compensation accounting transactions
- Participates in and/or leads special projects
- Other duties as assigned
Qualifications
- Bachelor’s Degree
- 4-7 years’ experience working within a Benefits/HR capacity.
- Ability to work independently as well as in a team setting.
- Excellent communication and problem-solving skills.
- Motivated to learn and grow within the field.
Additional information