We are seeking a Benefits Analyst to support our Lorton location. The Benefits Analyst will design, develop, and administer employee benefit and compensation programs in a federal contracting environment.
Requirements
- Design and development of benefit programs through research of external trends, benchmarking, and best practices.
- Administer employee benefit programs, including healthcare, 401(k), recognition, and wellness programs.
- Ensure compliance with all applicable laws and regulations.
- 401(k) plan administration, vendor management, funding, compliance audits, and annual 5500 filings.
- Partner with Payroll, Benefit TPAs, SCA administrators, Union, carriers, and Accounting to review, reconcile, and analyze payroll files, deductions, and benefit payments.
- Drive open enrollment, employee onboarding, and employee communications.
- Respond to employee inquiries and provide consultation, guidance, and education on benefits and compensation programs.
- Perform quality checks of benefits-related data to ensure accuracy.
- Perform detailed technical reviews of employee benefits data and develop complex reporting alternatives.
- Conduct financial modeling, claims utilization analysis, vendor performance reviews, and cost management reporting.
- Monitor plan usage and provide insights into claims experience and cost drivers.
- Work with vendors to maintain and update Benefits portal to reflect organizational changes, acquisitions, and other new business.
- Assist with IRS and DOL compliance reporting for benefits and retirement plans.
- Conduct job evaluations and market research to ensure competitive compensation and benefits programs.
- Support salary planning cycles, compensation structures, and incentive programs.
- Partner with internal stakeholders to align total rewards with company strategy and business objectives.
- Develop and deliver communication materials, presentations, and employee information packages regarding total rewards initiatives.
- Participate in benchmark surveys to align programs with recruitment and retention goals.
- Assist the Pricing Team with forecasting and developing health and welfare costs in support of government new business proposals.
- Crosstrain on other benefits activities and serve as backup or lead as needed.
Benefits
- Generous Paid Time Off
- 401k Matching
- Healthcare
