Benefits Analyst

JOB SUMMARY

The Benefits Analyst will provide strong knowledge to the benefits function, this key role will lead a variety of benefit related activities to ensure that programs remain competitive and conform to the current philosophy of the organization. This position will drive the identification and prioritization of opportunities for improvement within Benefits processes and propose changes to achieve functional consistency.   

This position will be responsible for developing, documenting and implementing consistent and compliant processes, including the development of compliance audits.  This position will focus on ensuring compliance to all benefit plan legislation by maintaining knowledge and understanding of ERISA, IRS regulations, the Affordable Care Act, and other Federal, State, and Local related legislation regulatory requirements.

CORE JOB DUTIES 

• Analyzes, develops benefit strategies process to create automation and mitigate risk.
• Serve as the key escalation point for the Benefits team.
• Responsible for the overall compliance and day to day administration of 401k program.
• Oversee day-to-day activities for the benefits function, including but not limited to, invoice processing, benefit corrections, funding notices and required audits.
• Ensure and manage compliance with all benefit plan legislation by maintaining knowledge and understanding of ERISA, IRS regulations, the Affordable Care Act, and other Federal, State, and Local related legislation
• Serves as the lead to launch, implement programs, including annual open enrollment.
• Assess manual processes within the Benefits function and identify opportunities to automate or streamline work.
• Recommends short- and long-term benefits solutions (e.g., policy adjustments, program corrections, leveraging of existing solutions) to meet business need
• Demonstrated experience communicating a total rewards culture by collaborating closely with stakeholders.
• Act as champion and change agent by supporting HR-related needs and identifying value-added services.
• Able to interact with all levels in the organization and turn open questions into formulated responses.

REQUIRED EXPERIENCE, EDUCATION AND SKILLS  

• Bachelor’s degree in business, Human Resources or related fields.
• In lieu of a bachelor’s degree 6+ years in a progressive benefits role
• 5+ years of professional industry experience in the Benefits Field with a focus on H&W programs
• Able to demonstrate sound knowledge of ERISA, ACA requirements
• SHRM-CP/PHR or CEBS certification preferred.
• Experience with union environment a plus.
• Familiarity with UKG preferred
• Must have strong working knowledge of Excel and/or Microsoft Suite
• Experience in leading and implementing health and welfare programs
• Working knowledge and understanding of ERISA plans
• Demonstrable ability to interpret and communicate programs and policies
• Must have strong analytical skills and ability to create meaningful reporting.
• Strong communication and collaboration skills
• Ability to write and present results to both technical and non-technical audiences
• Excellent listening skills
• Ability to follow policies and procedures.
• Ability to sit/walk/stand for up to 8 hours per day.

BENEFITS

Cresco Labs is proud to offer eligible employees a robust offering of benefits including, major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D.  We also offer eligible employees paid holidays and paid time off.  Other rewards may include annual discretionary bonuses, stock options as well as participation in our employee discount program. Benefits eligibility for permanent positions may vary by full-time or part-time roles, location, or position.