Senior Benefits Analyst

Federal Reserve System; Arkansas; On-site; USD 91,000 - 113,000; Full time

Job summary

The Federal Reserve Bank of Cleveland is seeking a Senior Benefits Analyst to design, implement, and administer the Bank's benefits programs. You will promote offerings and serve as a resource for employees and leaders, ensuring programs are understood and utilized effectively.

The role requires at least five years of benefits administration experience, strong analytical and communication skills, and the ability to work independently and collaboratively.

Qualifications

• Minimum of 5 years of related work experience in benefits administration.

Responsibilities

• Administer and oversee leave programs and accommodations, ensuring compliance with regulatory requirements and internal policies.
• Support annual benefits renewal processes, data analysis, and annual enrollment implementation and communication.
• Organize and participate in benefits fairs and other promotional events to increase awareness and engagement with benefit programs.
• Serve as a subject matter expert for employees and leaders, providing guidance, resolving complex inquiries, and supporting decision-making.
• Promote the Bank’s benefit programs through presentations, written materials, and direct outreach.
• Analyze benefits utilization and trends, recommending enhancements or corrective actions as needed.
• Collaborate with HR, payroll, and external partners to ensure accurate and timely administration of all benefit programs.
• Maintain up-to-date knowledge of industry best practices, regulatory changes, and emerging trends in benefits and leave administration.

Skills

Analytical skills

Communication

Problem-solving

Independence

Collaboration

Project management

Job description

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.

As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

The Senior Benefits Analyst is responsible for supporting the design, implementation, and administration of the Bank’s benefits programs. The analyst will actively promote benefit offerings and serve as a resource for employees and leaders, ensuring programs are understood and utilized effectively.

Key Responsibilities

• Administer and oversee leave programs and accommodations, ensuring compliance with regulatory requirements and internal policies. Collaborate with third party administrator to process claims and communicate appropriate details with employees, leaders and payroll.
• Support annual benefits renewal processes, data analysis, and annual enrollment implementation and communication.
• Organize and participate in benefits fairs and other promotional events to increase awareness and engagement with benefit programs.
• Serve as a subject matter expert for employees and leaders, providing guidance, resolving complex inquiries, and supporting decision-making.
• Promote the Bank’s benefit programs through presentations, written materials, and direct outreach.
• Analyze benefits utilization and trends, recommending enhancements or corrective actions as needed.
• Collaborate with HR, payroll, and external partners to ensure accurate and timely administration of all benefit programs.
• Maintain up-to-date knowledge of industry best practices, regulatory changes, and emerging trends in benefits and leave administration.
• Performs other duties as assigned or requested.

Qualifications

Education and Experience

• Minimum of 5 years of related work experience in benefits administration

Knowledge - Advanced

• Employer benefits, including program design, regulations, and compliance
• Employer leave management and accommodations

Skills - Advanced

• Strong analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively, adapting style to differing audiences.
• Project and process management

Location: Cleveland, OH

The expected starting salary range for the Senior Benefits Analyst is between $90,500 and $113,100 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Reasonable Accommodation Statement

The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email [e-mail] .

Bank’s Ethics Rules and Drug Testing

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

The Federal Reserve Bank of Philadelphia formulates monetary policy, supervises financial institutions, and provides services to enhance the economic stability of its region.

Company size 501–1,000 employees

Company type Nonprofit Founded 1914

Total funding 0

Headquarters Philadelphia, PA

Ten Independence Mall, Philadelphia, PA 19106-1574, US