Requisition Number: 2021-01-04224-0171-002
Job Title: Senior Benefits Analyst
City: New York
State: NY
Shift: 9:30 am - 5:30 pm
Hours: 35

Simpson Thacher & Bartlett LLP is a leading global law firm with offices in New York, Beijing, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C. Established in 1884, the Firm currently has more than 850 lawyers. On a world-wide basis, the Firm provides coordinated legal advice on the largest and most complex corporate transactions and litigation matters in industries which include financial services, insurance, power and natural resources, consumer products, services, technology, telecommunications, media, pharmaceuticals and healthcare industries. Cross-border finance, banking and bank regulation, mergers and acquisitions, securities issuance and regulation, project and asset based finance, real estate, asset management, joint ventures, taxation, litigation and dispute resolution are important aspects of the Firm’s practice.

Senior Benefits Analyst

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Description/Job Summary

The Senior Benefits Analyst is responsible for leveraging benefits knowledge with data analytics to monitor the alignment of the financial objectives of the Firm’s benefit plans with the Firm’s overall business goals and initiatives.  

Responsibilities/Duties

  • Manage invoicing reconciliation for carriers, administrators and vendors of Firm’s Health & Welfare and Retirement plans
  • Audit and premium reconcile records against carrier, payroll, and HRIS databases to maintain accuracy
  • Work closely with Accounting to perform general ledger reconciliation of all benefit plans; analyze gaps in reconciliation and provide recommended resolutions
  • Monitor financials in relation to overall benefit budget; provide trend analysis for overall benefit expenses costs
  • Provide technical support to Benefits team on data analytics, annual plan audits, government filings, benefit integrations, and other related compliance activities
  • Use analytics, metrics and knowledge of benefits legislation to assist management team with plan analysis, benchmarking, reporting of benefit programs plan design changes, legislative changes, rate renewals and review of vendors
  • Produce and present Financial Executive Summary to HR’s Chief Operating Officer
  • Assist in the review of claims experience, utilization trends and support the development of an Executive dash board and the feasibility of implementing a dependent eligibility audit
  • Monitor adherence to performance guarantees and Service Level Agreements across all benefit vendors and ensure processes are optimized
  • Work with internal Operations and HRIS teams to streamline benefit work streams and implement necessary control functions
  • Participate in Open Enrollment planning sessions and support implementation of new benefit plans and initiatives
  • Collaborate with outside consultant on market segmentation data; validate data with carriers and provide analytical assessments
  • Collaborate with third party auditors to support financial audits on claims
  • Calculate health coverage costs for annual W-2 reporting and submit to Payroll annually
  • Perform other duties as assigned

Required Skills

  • 4-5 years of experience working in corporate benefits, or benefits consulting required
  • Advanced knowledge of Microsoft Office tools
  • Working knowledge of data analysis tools and techniques
  • Strong technical knowledge of major benefit laws and regulations, including COBRA, HIPAA, ERISA & Heath Care Reform
  • Excellent verbal and written communication skills
  • Work in team environment, as well as independently
  • Ability to learn various systems and databases
  • Ability to maintain confidential information
  • Must have strong analysis/problem solving abilities, a proven ability to pay close attention to detail and show strong initiative
  • Strong project management skills and ability to lead and drive projects through to completion
  • Can organize, prioritize, plan and multi-task work activities in a high pressure environment
  • Ability to resolve issues effectively and confidentially
  • Client-focused with the ability to provide customer service in a professional manner

Preferred Skills

  • Workday report writing experience preferred

Required Education

  • Bachelor’s degree required in Business/Finance, HR or related field required

Preferred Education

  • Certificate in Human Resources, CEBS or other benefit related program or certification preferred

Details

To Apply: Qualified and interested candidates must submit a resume with a cover letter, including salary requirements by applying directly to this posting. 

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Simpson Thacher & Bartlett is committed to a collegial work environment in which all individuals are treated with respect and dignity. The Firm prohibits discrimination or harassment based upon race, color, religion, gender, age, national origin, citizenship status, disability, marital or partnership status, sexual orientation, protected veteran’s status or any other legally protected status. “Gender” includes actual or perceived sex, a person’s gender identity, self-image, appearance, behavior or expression, whether or not that gender identity, self-image, appearance, behavior or expression is different from that traditionally associated with the legal sex assigned to that person at birth. This Policy pertains to every aspect of an individual’s relationship with the Firm, including but not limited to recruitment, hiring, compensation, benefits, training and development, promotion, transfer, discipline, termination, and all other privileges, terms and conditions of employment.