Benefits Analyst

Position Summary:

This position is responsible for supporting the Total Rewards department in a variety of initiatives with a particular focus on US benefit programs including Medical, Prescription Drug, Dental, Life Insurance, Disability Insurance, Paid Time Off and DB and DC Retirement Plans.

Scope/ Supervision and Interaction:

This position reports to the Manager, US Benefits & Retirement Plans, and will work collaboratively with the entire US Benefits Team, as well as collaborating on projects with the Compensation, HRIS & Mobility Teams. This position will interact with Human Resources, Legal, I/T, Audit, Finance/Accounting, Payroll, Corporate Communications and various external suppliers as needed to support compliance and administration.

____ Has Direct Reports ___X__Does Not Have Direct Reports

Essential Functions:

• Work closely with the US benefits team to interact regularly with vendors, including plan administrators, auditors, actuaries, trustees, financial education provider, and any other vendor which may be required.
• Perform periodic audits to ensure third-party calculations are accurate.
• Assist with benefit plan escalations from HR and team members.
• Interact with HR representatives from all US locations to support benefits activities.
• Leverage analytical capability to identify trends, vendor billing concerns, and improvement opportunities.
• Perform periodic reviews of employee data to ensure accuracy.
• Test and monitor third party systems, making recommendations for appropriate changes and enhancements.
• Be able to realize and then escalate high priority issues to management in a timely manner.
• Participate in a variety of special projects within other Total Rewards areas including Compensation, Mobility and HRIS as needed.

Qualifications:

• Bachelor's degree in Business, Accounting, HR or related field required.
• 3 years related experience with US Health, Insurance and Retirement Plans.
• Outstanding analytical skills, comfortable working with large amounts of data and communicating data findings.
• Expert level proficiency in Microsoft Excel
• Working knowledge of HRIS and Payroll platforms; PeopleSoft and UKG experience is preferred.
• Strong project management and organizational skills.
• Demonstrate a strong working knowledge of US benefit plan design and cost drivers.
• Ability to communicate effectively and establishing strong working relationships.
• Ability to listen and use critical thinking to assess business needs and identify potential solutions.
• Knowledge of and/or ability to interpret applicable laws and regulations to ensure compliance for all US programs.

Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.

("Minority / Female / Disability / Veteran / VEVRAA Federal Contractor")

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