Benefits Analyst

Company: Inovalon, Inc.
Location: Bowie
Posted on: March 17, 2023

Job Description:

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.
Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare's greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.Job Summary: The Benefits Analyst will provide project management support to benefits and leave initiatives across the Enterprise. The Analyst will gather, develop, coordinate and maintain business processes associated with all benefits and leave plans. The Analyst will partner with the Total Rewards team members to ensure the Plans are compliant, cost effective, consistent and aligned with the Inovalon employment brand, culture and wellness initiatives. This position will interact with HR functional area leaders, related department (Payroll, Legal and Finance) leaders and vendors for full life cycle of projects and complex benefits and leave inquiries. The Analyst will partner with internal and external resources to address audits, plan designs, accounting/reconciliation, projections and risk analysis.

Duties and Responsibilities:

• 
  
• Administer employee benefits such as medical, dental, vision, life insurance, flexible spending accounts, health savings accounts and COBRA in accordance with plan provisions;
  
• Coordinate and manage leave of absence programs to include disability, FMLA, workers comp, parental leave and the ADA accommodation process in partnership with the Company's third-party leave administrator;
  
• Resolve escalated benefits issues for associates. Provide interpretation of benefits to resolve coverage issues;
  
• Serve as main point of contact for internal groups to include HR, Payroll and Finance for benefits questions and reporting;
  
• Perform ongoing audits of benefits data to ensure accuracy of data within the payroll systems and benefits vendors;
  
• Serve as the subject matter expert regarding the retirement plan operations, regulations, policies, and procedures;
  
• Prepare and submit funding to each state retirement plan within the required timeframe;
  
• Administer annual and monthly employer HSA funding;
  
• Update demographic and payroll data with benefits vendors as needed;
  
• Assist with the development and maintenance of employee benefits communication materials including plan documents, intranet, website and open enrollment;
  
• Partner with HR Leaders to create and share training materials associated with all benefits and leave offerings;
  
• Work with the selected vendor and internal resources to complete ACA reporting, 1095 distribution, and other benefits filings;
  
  
  • 
    
  • Lead benchmarking of benefits plans;
    
  • Performs other special projects as necessary;
    
  • Maintain compliance with Inovalon's policies, procedures and mission statement;
    
  • Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
    
  • Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer.
    
    
    
    Job Requirements:
    
    • 
      
    • Minimum of 3 years of benefits administration, analyst or lead analyst experience required including development, implementation, optimization, integration and project management;
      
    • Highly motivated self-starter who has demonstrated successful experience in HR;
      
    • Strong analytical and problem-solving skills;
      
    • Team player supporting the HR department as well as internal clients;
      
    • Ability to work independently as well as in a team setting;
      
    • Strong working knowledge of Microsoft Office products to include advanced Excel skills;
      
    • Excellent planning and organizational skills;
      
    • Demonstrated customer service skills; and
      
    • Excellent written, communication and interpersonal skills.
      
      
      Education:
      
      • 
        
      • Bachelor's degree preferred or equivalent work experience.
        
        
        Physical Demands and Work Environment:
        
        • 
          
        • Sedentary work (i.e. sitting for long periods of time);
          
        • Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
          
        • Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions;
          
        • Subject to inside environmental conditions; and
          
        • Travel for this position will include approximately 5%, typically for training purposes.
          
          
          By embracing diversity, equity and inclusion we enhance our work environment and drive business success. Inovalon strives to reflect the diversity of the communities where we operate and of our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.
          Inovalon is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.
          The Company maintains a drug free work environment for all of its associates, which includes employees, contractors and vendors. It is unlawful for associates to manufacture, sell, distribute, dispense, possess or use any controlled substance or marijuana in the workplace and doing so will result in disciplinary action, up to and including termination of employment or the contracted relationship.
          
          Consistent with our safety protocols, the company will require a vaccination attestation for fully office-based and hybrid (office/remote) positions. Positions designated as fully remote are exempt from the attestation requirement unless and until such time as an in-office presence is required. These requirements are subject to change as legal and business needs dictate.
          
          

Keywords: Inovalon, Inc., Bowie , Benefits Analyst, Professions , Bowie, Maryland