Benefits Analyst
Company: FTI Consulting, Inc.
Location: Bowie
Posted on: June 23, 2022
Job Description:
ABOUT THE OPPORTUNITY:
The Benefits Analyst is responsible for the oversight of a full
range of administrative and operational duties related all FTI U.S.
and Canadian benefit programs to include, but not limited to, the
following:
- Coordinating with FTI's benefit vendor partners on benefit plan
delivery, new program implementations, and issue investigation and
resolution
- Assisting in the development and execution of employee benefit
communications and related portal updates in conjunction with
vendor partners and consultants as well as internal benefits and
communications teams
- Ensuring compliance with all FTI benefit plan documents and
contracts, company policies and procedures related to benefit plan
offerings as well as ensuring company compliance with ERISA, DOL,
IRS, ADA, FMLA and other local, state, and federal government
regulations
JOB DUTIES:
Benefits Administration:
- Administration of all benefits plans to include data
coordination, quality checks and correction, as needed, by external
vendor partners
- Contribute to the execution of the annual open enrollment
process
- As needed, advise on approvals of necessary documents related
to qualified status changes initiated by employees which have been
provided to the Global HR Service Center for review
- Perform employee benefit premium payroll deduction
reconciliations, as needed
- Monitor weekly 401(k) loan files from FTI's vendor to ensure
FTI's payroll system has appropriately set-up or stopped
deductions; take corrective actions when needed
- Monitor 401(k) employee eligibility status for potential errors
and take corrective action when needed
- Provide the necessary data reports to assist in sending
employee reminder communications (e.g., FSA year-end) or other
benefit notifications
- Review and investigate employee benefit issues
- Perform and/or oversee benefit vendor invoicing and funding
requests
- Manage the annual 401(k) catch-up contribution opt-out process
and notifications
- Handle all special enrollments or special enrollment groups
where high touch is required
- Handle all accident and death claims, QDROs, QMCSOs, and any
other unique claim or distribution arrangement. Effectively engage
the related vendor partners and their special service teams where
applicable.
- Assist in managing all Canadian benefit programs including the
billing analysis, enrollment, vacation accrual tracking, quarterly
retirement contribution reminders, etc.
- Prepare and report the quarterly San Francisco Health Care
Ordinance processing
- Complete payroll reconciliation reports for HSA and commuter
benefits.
- Assist in the enrollment updates and changes for employees in
expatriate benefit programs and provide new enrollee material to
expatriate staff.
Data Analytics:
- Build, update and maintain benefit data reports
- Analyze data for anomalies and trends; take corrective action,
as needed.
Leave Management process and case coordination:
- Liaison with third party leave administration vendors to
maintain U.S. and Canadian leave programs to include but not
limited to disability, maternity leave, and parental leave .
- Manage and advise on benefits tracking, time entry, and leave
payouts. Coordinate with employees and their managers and HR team.
Provide the necessary reports to payroll.
- Effectively interpret and seek guidance, as needed, related to
FMLA and ADA implications regarding leaves of absences and
disabilities.
- Maintain all leave tracking reports and ensure proper status
updates occur with FTI's vendor partners.
- Assist in the implementation of new state disability and paid
leave programs.
Benefits Communication:
- Coordinate delivery of communications of benefit programs to
employees
- Provide the necessary data reports to assist in sending
employee reminder communications (e.g., FSA year-end) or other
benefit notifications
- Responsible for the Americas benefits team FTI Atlas Community
Manager role and supporting communications software systems - knak
& Eloqua.
- Key liaison with internal communications support teams
Compliance:
- Keep all legal documentation updated to be in compliance with
company policies and local, state, and federal government
regulations.
- Assist, as needed, with data collection for the IRS Form 5500
preparation and related audits 401(k) and any disclosure reporting
requirements
- Prepare and submit OSHA reports as needed and support any
Workers' Compensation Reporting
- Ensure and support compliance with various local, state, and
federal statutes, as required
Policies and Practices Administration:
- Serve as a resource to Human Resources employees with
understanding benefit programs and policies
- Partner with the Global HR Solutions Center to provide guidance
on escalated benefit questions
- Document and maintain administrative procedures (SOPs) for
assigned benefits processes. Periodically review assigned processes
for improvements and efficiencies.
Special projects as needed:
- Ad hoc analyses
- Participate in the development of department goals and
objectives
- Perform other duties and special projects as assigned
BASIC QUALIFICATIONS:
- Minimum of 2 years of benefit administration experience
- Bachelor's Degree required
- This role may require travel to FTI offices
- COVID Vaccine required*
- Individuals seeking an exemption from this requirement for
medical or religious reasons should complete a request for
accommodation form and submit the form to
recruitingsupport@fticonsulting.com.
PREFERRED SKILLS:
- Recognizing and maintaining confidentiality of work
materials
- Willingness to learn HR systems/procedures/functions
- Ability to handle multiple tasks in a fast-paced
environment
- Willingness to take initiative and ownership of projects
- Excellent written and verbal communication skills
- Excellent telephone skills (i.e., pleasant, and helpful)
- Demonstrated good interpersonal skills, sound judgement, and
decision-making ability
- Strong organizational skills and attention to details
- Self-motivated and proactive
- Knowledge of office etiquette behavior and procedures
- Positive attitude and strong work ethic
- Exhibits strong customer service competency
- Excellent analytical and problem-solving skills
Technical Skills:
- Knowledge of Microsoft Office Suite required with advanced
proficiency in Microsoft Excel a plus
- HRIS data entry experience, PeopleSoft a plus, especially with
reporting functions and benefit administration module operationsOur
Benefits
Apart from the well-structured career path and excellent team
environment, our employees enjoy a variety of perks and benefits.
Our benefits include, but are not limited to:
- Competitive salary and bonus plans
- Generous paid holidays, time off and parental leave
- Full package of benefits plans
- Company matched 401K
- Annual paid volunteer hours
- Corporate matching for charitable donations
- Potential for flexible working arrangements
- Free snacks and drinks
- Upscale offices close to public transportation
- Pet insurance
About FTI Consulting
What makes us unique? With more than 6,250 employees located in
offices in every corner of the globe, we are the firm our clients
call when their most important issues are at stake. Regardless of
what level you are, you will have the opportunity to work alongside
and learn from top experts in your field on high-profile
engagements that impact history. Our culture is collaborative, and
we value diversity, recognition, development and making a
difference in our communities.
FTI Consulting is publicly traded on the New York Stock Exchange
and has been recognized as a Best Firm to Work For by Consulting
magazine and one of America's Best Management Consulting Firms by
Forbes . For more information, visit www.fticonsulting.com and
connect with us on Twitter ( @FTIConsulting ), Facebook and
LinkedIn .
FTI Consulting is an equal opportunity employer and does not
discriminate on the basis of race, color, national origin,
ancestry, citizenship status, protected veteran status, religion,
physical or mental disability, marital status, sex, sexual
orientation, gender identity or expression, age, or any other basis
protected by law, ordinance, or regulation.
#Li-AF1
Keywords: FTI Consulting, Inc., Bowie , Benefits Analyst, Professions , Bowie, Maryland
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