Benefits Analyst II

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. 

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

The Benefits Analyst oversees and manages the day-to-day administration of Pennymac’s employee benefits programs. This position will also provide analytical and reporting expertise in Pennymac’s Human Resources department, specifically regarding employee benefits and employee relations programs.

The Benefits Analyst will:

• Manage all outside benefit vendor relationships – 401k, Health and Welfare carriers, FSA and H.S.A. administrators
• Analyze participation and utilization for all benefits on a monthly, quarterly and annual basis. Use data to monitor trends and recommend educational initiatives, plan changes, vendor changes, etc.
• Maintains knowledge of and analyzes government regulations, benefit program trends, and prevailing practices among similar organizations. Ensures compliance of benefits administration with federal and state laws including IRS and Department of Labor regulations
• Manage Pennymac Corporate Wellness Initiative
• Determine eligibility in relation to short-term and long-term disability
• Manage and track insurance payments for employees on LOA
• Manage broker benefits help desk relationship to ensure highest levels of quality service in responding to employee and manager questions regarding benefits, e.g., coverage, premiums, claims processing, etc.
• Work closely with broker to coordinate all benefits processes, renewals, and open enrollment
• Create and manage reporting on all benefits plans
• Manage outside audits and conduct internal audits of all benefit plans as required
• Reconcile and process for payment monthly premium invoices
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values
  

• Demonstrated knowledge of ERISA requriements, ACA requirements, including IRS and DoL regulations
• Excellent verbal and written communication skills, including ability to effectively communicate with all levels of employees and management
• Must be highly proficient in Excel (perform v-lookups and pivot tables) and Word
• Must be a team player with strong attention to detail and able to work independently
• Proven track record at delivering timely and accurate information in a fast-paced environment
• Excellent critical thinking, problem solving, mathematical skills and sound judgment
• Financial Services and, if possible, mortgage industry experience preferred
• Strong business acumen and ability to interface with executive management

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave 
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement 
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. 

Salary : $55,000 - $85,000