Sr. Benefits Analyst

University of Miami; United States; Hybrid; USD 90,000 - 130,000; Full time

Job summary

The University of Miami is seeking a Senior Benefits Analyst to join our team in a hybrid, on-site role. You will provide senior analytical support for benefit plans, including research, analysis, evaluation, and administration to ensure competitive, compliant offerings for Team Members and the university.

You will partner with stakeholders to optimize benefits value, support reporting and audits, and help design budget processes while ensuring timely, accurate information for decision makers.

Qualifications

• Bachelor’s degree in a relevant field is required.
• Minimum 4 years of benefits experience.
• Strong learning agility and teamwork abilities.
• Excellent written and verbal communication.

Responsibilities

• Researches and resolves benefit related issues and recommends solutions.
• Administers benefit plans such as 401k retirement plan and deferred compensation.
• Prepares reporting related to benefit plans, including 5500s and SARs, for audits.
• Analyzes health and welfare benefit options and ROI.
• Supports development and modification of benefit budgets.
• Ensures plan compliance with laws and university policies.

Skills

Learning Agility

Teamwork

Technical Proficiency

Communication

Education

Bachelor’s degree in relevant field

Job description

The University of Miami has an exciting opportunity for a full-time Sr. Benefits Analyst to work onsite in a hybrid manner. The Sr. Benefit Analyst supports effective benefits decisions by providing senior analytical support to include researching, analyzing, evaluating, and administering benefit plans and programs for the University. The position provides accurate, timely, and pertinent information and recommendations regarding benefits programs. This role ensures benefits offerings are correctly positioned from a competitive, cost, and compliance standpoint.

CORE JOB FUNCTIONS

• Researches and resolves benefit related issues and recommends solutions or alternate methods to ensure effective benefit operations.
• Conducts research on benefit programs including costing and utilization.
• Administers benefit plans such as 401k retirement plan and deferred compensation.
• Prepares reporting related to benefit plans, including 5500s, Summary Annual Reports, and support of the annual audit process.
• Researches and analyzes health and welfare benefit alternatives and recommends improvements in value cost proposition, accounting for competitive positioning, vendor qualification, and ROI.
• Identifies opportunities for operational improvements and works with various multi-functional project teams to implement identified changes.
• Assists with the review and design of benefit plans to determine optimal value for Team Members and the company.
• Analyzes benefits competitiveness compared with various benchmarks.
• Provides customer support for benefit programs through direct employee contact, and interfacing with external vendors and internal resources related to benefits.
• Responds to ongoing and ad hoc management information reporting needs in support of Benefits; ensures availability and accuracy of needed information while obtaining through most efficient means.
• Supports development, documentation, and ongoing modification of benefit budgets through analysis and direct contact with customers, external benefit vendors and consultants.
• Assists with development of benefit communication materials in coordination with internal and external resources to support promotion of benefits value.
• Researches benefit legal and regulatory compliance issues and recommends optional action plans to ensure plan compliance.
• Performs ad hoc project work as directed.
• Adheres to University and unit-level policies and procedures and safeguards University assets.

CORE QUALIFICATIONS

• Bachelor’s degree in relevant field required.
• Minimum 4 years of relevant experience required.
• Learning Agility: Ability to learn new procedures, technologies, and protocols, and adapt to changing priorities and work demands.
• Teamwork: Ability to work collaboratively with others and contribute to a team environment.
• Technical Proficiency: Skilled in using office software, technology, and relevant computer applications.
• Communication: Strong and clear written and verbal communication skills for interacting with colleagues and stakeholders.
• Any appropriate combination of relevant education, experience and/or certifications may be considered.

The University of Miami is recognized as one of the nation’s premier research institutions and academic health systems and is among the largest employers in South Florida. With more than 20,000 faculty and staff, the University is committed to excellence and guided by a mission to positively impact the lives of students, patients, and communities locally and globally. We are dedicated to fostering a culture where every individual feels valued and empowered to contribute meaningfully. United by shared values, the University community works together to build an environment defined by purpose, collaboration, and service.

The University of Miami is an Equal Opportunity Employer. Applicants and employees are protected from discrimination based on certain categories protected by Federal law.

Job Status: Full time

Employee Type: Staff

The mission of the University of Miami is to transform lives through education, research, innovation, and service. A vibrant and diverse academic and healthcare community, the University of Miami and the University of Miami Health System ("UHealth") have rapidly progressed to become one of the nation’s top research universities and academic medical centers in the nation. The University comprises 12 schools and colleges serving undergraduate and graduate students in more than 350 majors and programs. Visit welcome.miami.edu/about-um to learn more about our points of pride. The University ranks No. 55 on U.S. News & World Report’s 2022 Best Colleges list and ranked No. 49 in the 2022 Wall Street Journal/Times Higher Education College Rankings. Bascom Palmer Eye Institute is ranked the #1 eye hospital in the USA and offers some of the nation's premiere eye doctors to treat every eye condition for adults. Sylvester Comprehensive Cancer, part of the Miller School of Medicine, received the prestigious National Cancer Institute designation in 2019. The University of Miami and UHealth have also ranked among the Forbes Best Employers and Best Employers for Women on several occasions, most recently in 2022. With more than 17,000 faculty and staff, the University strives for excellence, and is driven by a powerful mission to transform and impact the lives of its students, patients, members of the community, and people across the globe.

The University of Miami is an Equal Opportunity Employer. Applicants and employees are protected from discrimination based on certain categories protected by Federal law.