Sr. Manager - Benefits Analyst- Budget and Finance

GEICO; Chicago (IL); Hybrid; USD 91,000 - 173,000; Full time

Job summary

An established industry player is seeking a Sr. Manager - Benefits Analyst to lead budget preparation and financial analysis for employee benefits. This hybrid role offers the chance to work closely with program managers and contribute to strategic decision-making. Ideal candidates will have a strong background in budget development, excellent analytical skills, and the ability to communicate complex issues effectively. Join a dynamic team that values innovation and collaboration, and enjoy a comprehensive rewards program designed to support your well-being and career growth.

Benefits

401K savings plan with 6% match

Tuition assistance

Mental healthcare benefits

Fertility and adoption assistance

Employee engagement programs

Flexible work opportunities

Recognition programs

Qualifications

• 7+ years experience in employee benefits budget development and analysis.
• Strong project management skills and ability to manage multiple priorities.

Responsibilities

• Lead budget preparation and variance reviews for employee benefits.
• Develop financial reports and assist in special projects for decision making.

Skills

Budget Development

Financial Analysis

Project Management

Stakeholder Engagement

Communication Skills

Analytical Skills

Education

Bachelor’s Degree

Tools

Microsoft Office (PowerPoint, Excel)

Workday

Job description

Sr. Manager - Benefits Analyst- Budget and Finance

Join to apply for the Sr. Manager - Benefits Analyst- Budget and Finance role at GEICO

Sr. Manager - Benefits Analyst- Budget and Finance

2 days ago Be among the first 25 applicants

Join to apply for the Sr. Manager - Benefits Analyst- Budget and Finance role at GEICO

This range is provided by GEICO. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$91,225.00/yr - $172,200.00/yr

Primary Responsibilities

• Budget Preparation: Work closely with Benefits team Program Managers to identify cost for each plan, program or initiative owned by that Program Manager. Establish budget and assist Program Managers in identifying forecast assumptions for their designated plans, programs or initiatives based on utilization changes, annual renewals, vendor implementation/deprecation. Function as a resource for Benefits team during budget and forecast preparation. Create and lead budget training sessions for Program Managers.
• Budget Process: Lead review of submitted budgets/forecasts and work closely with Program Managers to identify discrepancies. Assess reasonableness of budget, develop questions and recommendations for revisions. Track submission and revision status.
• Monthly Variance Review: Lead monthly Benefits team actual vs budget variance review & liaison with Program Managers to understand differences. Develop and prepare reports and analysis to facilitate quarterly financial reviews in broader discussions with leadership.
• Develop financial reports in partnership with Senior Director, FP&A, for routine or ad hoc GEICO leadership/CFO requests.
• Financial analyses and development of financial models to provide insight for decision making. Assist in other duties and special projects as needed to further the goals of the Benefits team. This might include participation in preparing documents for the Benefits Administration Committee or Retirement Plan Committee meetings and fulfilling requests from senior management.
  
  

This is a hybrid role, in office 3x a week and open to all GEICO corporate locations

Minimum Qualifications

• Bachelor’s degree
• 7+ years experience in employee benefits budget development, tracking, analysis, reporting, training and stakeholder engagement
• Ability to manage multiple priorities and stakeholders, working comfortably with ambiguity and with a high sense of urgency
• Resilient and able to respond under pressure
• Strong project management skills
• Able to work autonomously and provide independent opinions
• Excellent communication skills and ability to articulate complex issues concisely
• Excellent multi-tasking and prioritizing with strong track record of meeting challenging deadlines
• Strong analytical skills to manage large data volumes, understand and produce trends with commentary
• Advanced skills with Microsoft Office (PowerPoint, Excel and Workday)
• Adheres to the GEICO Code of Conduct, company policies, and operating principles
• Meets attendance standard of the business location
  
  

Annual Salary

$91,225.00 - $172,200.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers: We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture: We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards: We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• In office and remote opportunities, as well as our signature GEICO Flex program, offering the ability to work remotely for up to four weeks per year.
  
  

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Insurance

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