Senior Benefits Analyst

Generac; Waukesha (WI); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

401(k) plan administration

Total Rewards team

Job summary

Generac seeks a Senior Benefits Analyst to join the Total Rewards team at our corporate headquarters in Waukesha, Wisconsin. You will analyze and administer retirement and financial benefits, focusing on the 401(k) program while aligning with Total Rewards strategy to deliver exceptional employee experiences.

You will collaborate on policy, process improvements, audits, and vendor relationships to ensure compliant, cost-effective benefits programs and seamless program launches and updates.

Qualifications

• Bachelor's degree in Human Resources or related field.
• 3+ years of professional benefits analysis and administration.
• Experience with multi-state, self-funded benefits and vendor management.

Responsibilities

• Provide in-depth research and analytics to support design and administration of employee benefit programs.
• Act as SME for benefits data, plan designs, and reporting.
• Analyze utilization trends and recommend improvements.
• Provide benchmark data and executive updates on benefits.
• Participate in vendor evaluations, RFPs, and program launches.
• Ensure data accuracy in benefit databases and reconcile vendor data.

Skills

Benefits analytics

Data reporting

Excel proficiency

ERISA knowledge

Vendor management

Cross-functional collaboration

Audit/compliance

Workday

Education

Bachelor's degree in HR or related field

Tools

Workday

Oracle HCM

SAP SuccessFactors

Job description

At Generac, we believe our people are our greatest asset. We are seeking a Senior Benefits Analyst to join our Total Rewards team at our corporate headquarters in Waukesha, Wisconsin. This role is responsible for conducting complex analysis, research, and program administration activities that support the development, implementation, and continuous improvement of Generac's employee benefits programs in alignment with our overall Total Rewards strategy. While supporting the full spectrum of employee benefits programs, this position will have a primary focus on retirement and financial wellbeing benefits, including administration and oversight of Generac's 401(k) plan and related financial benefit offerings.

The ideal candidate is a collaborative problem solver who is passionate about delivering competitive, employee-centric benefits programs. This role will assist with policy development, process improvement initiatives, compliance activities, vendor management, and the implementation of benefits-related programs and technologies that support Generac's continued growth. The Senior Benefits Analyst will play a key role in ensuring the effective administration, governance, and ongoing enhancement of retirement, financial, and overall benefit programs while delivering an exceptional employee experience.

Major Responsibilities

• Provide in depth research and/or analytics to support the analysis, design and administration of employee benefit programs, including utilization, trends and opportunities for benefit system or program improvement.
• Serve as subject matter expert for benefit data and plan designs, including researching and analyzing data, creating reports and presentations, preparing reconciliations and recommendations, etc.
• Analyze and report on benefit program utilization trends across the organization and make recommendations for improvement.
• Provide reporting and benchmark data to identify benefit trends and develop executive updates.
• Participate in marketing of benefit plans, service providers and programs, including facilitation of requests for proposals, vendor evaluation and selection. Involved in implementation and launch of new benefit plans, service providers and programs.
• Ensure accuracy of employee and benefit database via audits and system correction; perform reconciliation of benefit vendor data files, closed loop payroll, direct billings and payments and/or invoices.
• Assist with the management of benefit vendors and third party administrators. Develop and implement the administration of employee benefit programs ensuring benefit programs comply with existing policies and meet legal compliance.
• Review, troubleshoot and resolve data integrity and/or plan compliance documentation issues. Troubleshoot errors that are affecting company benefit plans and correct them within legal and/or plan guidelines.
• Assist with internal and external audits, ensuring benefit plan design and operation is consistent with plan documentation as well as SOP and compliance requirements. Prepare and manage benefit SOPs.
• Provide or assist with the compilation of necessary data or documentation for compliance-related submissions and/or employee communications, including Form 5500, ACA, Notice of Creditable Coverage, and various state health and leave requirements.
• Collaborate on special projects with other key stakeholders such as Payroll, IS and other HR teams; function as subject matter expert on benefits in these projects.

Education

• Bachelor's degree (or equivalent knowledge) in Human Resources or other related field.

Work Experience

• Requires 3 years of professional level US and/or Canada benefits analysis and administration experience to include experience in a centralized benefits department that includes delivering self-funded, multi-state benefits programs, analyzing vendors, RFPs and benefit plans, interpreting insurance and plans documents, analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvements and find solutions.

Knowledge / Skills / Abilities

• Comprehensive knowledge of US and Canada benefit practices, trends, methods and pertinent federal and state regulations, filing and compliance requirements affecting employee benefit programs including, but not limited to: ERISA, FMLA, IRC Section 125, Workers’ Compensation, Medicare/Social Security, Service Canada regulations, OSHA, ADA and COBRA.
• Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization.
• Requires attention to detail and analytical skills necessary to evaluate situations and take appropriate action.
• Knowledge of statistical methods, data analysis and presentation.
• Understanding of the laws and regulations that affect human resources and benefits.
• Critical thinking skills with the ability to research and analyze data drawn from multiple sources to find problems and make effective decisions.
• Strong business and financial acumen.
• Strong customer service orientation.
• Ability to develop and maintain effective working relationships with a variety of stakeholders.
• Ability to translate the technical nature of compensation for clear stakeholder understanding.
• Consultative and collaborative style that allows for influence without authority.
• Proficiency in MS Office applications. Highly proficient with Excel.
• Current knowledge and experience using and configuring enterprise-wide (ERP) based HR systems such as Workday, Oracle Cloud HR, or SAP/SuccessFactors.