Benefit Compliance Analyst

Position/Title: Benefit Compliance Analyst

Location: Newark, NJ (Position will be Hybrid once Training is complete)

Schedule: Monday-Friday 9:00am-5:00pm

Compensation: $31-32.50/hr.

Role is a Temporary/Contract Assignment (3-6 Months – could extend)

What You’ll Do:

• Ensure monthly ACA regulatory requirements are met by monitoring enrollment records, employee PT/FT status, plan affordability and minimum coverage standards as required under the ACA.
• Supports all aspects of eligibility reporting in a timely and accurate manner for the Federal Government’s HHS regulatory requirements for: mandatory required coverage, benefit maximum waiting periods, and affordable coverage rules.
• Perform analysis and reconciliations of reports to identify possible discrepancies between the various systems used both internal/external. Requires extensive interaction with internal and external stakeholders, and an outstanding knowledge of systems reporting.
• Orchestrate annual IRS reporting requirements associated with IRS 1095C and 1094C. Effort requires knowledge of systems requirements/plan eligibility rules and understanding ACA regulations.
• Supports financial control functions by processing benefit claims and administrative fees and tracks payments using spread sheets.
• Executes the monthly analysis of fringe benefit expenditures, annual and periodic cost data. Supports finance’s fiscal year end close with reporting, data and financial analysis for GASB, OPEB, and Benefit Plan reserve calculations.
• Track and monitors Benefit provider’s performance guarantees, rebates, and discounts to ensure adherence to the provider contract.
• Supports the maintenance of the HRMS Benefits module including system upgrades, plan updates and ad hoc reporting as needed to support the department.
• Provide excellent Customer Service to internal and external customers.

What We’re Looking For:

• Bachelor’s Degree in Business Administration or related area
• Three (3) years of Benefits analytical experience directly involved in Employee Benefits/Finance and database information systems
• Experience/understanding of Federal regulations related to Benefit Plan Administration including ACA, HIPAA, and COBRA ERISA.
• Strong working knowledge of Microsoft; Excel, Word, Access, PowerPoint. Working knowledge of computer IS/HRMS queries and ad hoc reporting.

#IND123

Job Types: Full-time, Contract, Temporary

Pay: $31.00 - $32.50 per hour

Benefits:

• Dental insurance
• Health insurance
• Vision insurance

Application Question(s):

• Do you have 3 years of Benefits analytical experience directly involved in Employee Benefits/Finance and database information systems?
• Are you able to commute to Newark, NJ?
• Do you have experience/understanding of Federal regulations related to Benefit Plan Administration including ACA, HIPAA, and COBRA ERISA?

Work Location: In person

Salary : $31 - $33