Benefits Analyst

Parker Hannifin Corporation; Cleveland (OH); On-site; USD 65,000 - 90,000; Full time

Job summary

Parker Hannifin is seeking a Benefits Analyst to support the Total Rewards team with a focus on US Medical, Prescription Drug, Dental and Retirement Plans. You will collaborate with HR, Legal, Payroll and vendors to ensure accurate administration and compliance.

The ideal candidate has 3+ years of US health/retirement benefits experience, strong analytical and Excel skills, and working knowledge of HRIS platforms such as PeopleSoft or UKG.

Qualifications

• Bachelor's degree in Business, Accounting, HR or related field required.
• 3+ years related experience with US Health, Insurance and Retirement Plans.
• Outstanding analytical skills, comfortable working with large amounts of data and communicating data findings.
• Expert level proficiency in Microsoft Excel
• Working knowledge of HRIS and Payroll platforms; PeopleSoft and UKG experience is preferred.
• Strong project management and organizational skills.
• Demonstrate a strong working knowledge of US benefit plan design and cost drivers.
• Ability to communicate effectively and establishing strong working relationships.
• Ability to listen and use critical thinking to assess business needs and identify potential solutions.
• Knowledge of and/or ability to interpret applicable laws and regulations to ensure compliance for all US programs.

Responsibilities

• Work closely with the US benefits team to interact regularly with vendors, including plan administrators, auditors, actuaries, trustees, financial education provider, and any other vendor which may be required.
• Perform periodic audits to ensure third-party calculations are accurate.
• Assist with benefit plan escalations from HR and team members.
• Interact with HR representatives from all US locations to support benefits activities.
• Leverage analytical capability to identify trends, vendor billing concerns, and improvement opportunities.
• Perform periodic reviews of employee data to ensure accuracy.
• Test and monitor third party systems, making recommendations for appropriate changes and enhancements.
• Be able to realize and then elevate high priority issues to management in a timely manner.
• Participate in a variety of special projects within other Total Rewards areas including Compensation, Mobility and HRIS as needed.

Skills

Excel

Data analysis

US benefits

Vendor management

HRIS

Cross-functional collaboration

Education

Bachelor's degree

Tools

PeopleSoft

UKG

Job description

Position Summary

This position is responsible for supporting the Total Rewards department in a variety of initiatives with a particular focus on US benefit programs including Medical, Prescription Drug, Dental, Life Insurance, Disability Insurance, Paid Time Off and DB and DC Retirement Plans.

Scope/ Supervision and Interaction:

This position reports to the Manager, US Benefits & Retirement Plans, and will work collaboratively with the entire US Benefits Team, as well as collaborating on projects with the Compensation, HRIS & Mobility Teams. This position will interact with Human Resources, Legal, I/T, Audit, Finance/Accounting, Payroll, Corporate Communications and various external suppliers as needed to support compliance and administration.

____ Has Direct Reports __X__Does Not Have Direct Reports

Responsibilities

• Work closely with the US benefits team to interact regularly with vendors, including plan administrators, auditors, actuaries, trustees, financial education provider, and any other vendor which may be required.
• Perform periodic audits to ensure third-party calculations are accurate.
• Assist with benefit plan escalations from HR and team members.
• Interact with HR representatives from all US locations to support benefits activities.
• Leverage analytical capability to identify trends, vendor billing concerns, and improvement opportunities.
• Perform periodic reviews of employee data to ensure accuracy.
• Test and monitor third party systems, making recommendations for appropriate changes and enhancements.
• Be able to realize and then elevate high priority issues to management in a timely manner.
• Participate in a variety of special projects within other Total Rewards areas including Compensation, Mobility and HRIS as needed.

Qualifications

• Bachelor's degree in Business, Accounting, HR or related field required.
• 3+ years related experience with US Health, Insurance and Retirement Plans.
• Outstanding analytical skills, comfortable working with large amounts of data and communicating data findings.
• Expert level proficiency in Microsoft Excel
• Working knowledge of HRIS and Payroll platforms; PeopleSoft and UKG experience is preferred.
• Strong project management and organizational skills.
• Demonstrate a strong working knowledge of US benefit plan design and cost drivers.
• Ability to communicate effectively and establishing strong working relationships.
• Ability to listen and use critical thinking to assess business needs and identify potential solutions.
• Knowledge of and/or ability to interpret applicable laws and regulations to ensure compliance for all US programs.

Parker Hannifin

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, we've enabled engineering breakthroughs that make energy cleaner, transportation safer, medical treatments more effective, and manufacturing more efficient.

With empowered team members in more than 40 countries, Parker serves customers across aerospace & defense, energy, HVAC & refrigeration, in-plant & industrial equipment, off-highway and transportation.

Our scale is global, but our purpose is personal. We enable breakthroughs that improve lives, strengthen communities and create a brighter future.

Our Purpose - Enabling Engineering Breakthroughs that Lead to a Better Tomorrow - comes to life through our people-first culture where teamwork drives performance, inclusion fuels innovation and growth is encouraged. This environment fosters collaboration and empowers team members from engineering and manufacturing to finance, supply chain, human resources, information technology and beyond.

By combining deep expertise with an entrepreneurial spirit, we help customers succeed in markets that demand performance, reliability, and sustainability.

As we look to the future, Parker is advancing initiatives in energy efficiency and sustainability while developing the next generation of talent and leaders to engineer a better tomorrow.

Equal Employment Opportunity

Additional Comments:

The essential functions have been provided as example of the type of work performed by employees assigned to this job classification. The company reserves the right to modify