Benefits Analyst

Job Title: Benefits Analyst
Contract Type: 12 Month FTC
Location: London
£55,000 + Bonus & Benefits
Job Summary:
The Benefits Analyst is responsible for administering and managing employee benefits programs, ensuring compliance with regulations, and providing data-driven insights to enhance the overall benefits strategy. This role involves analyzing current benefits plans, coordinating with external vendors, and supporting employees with their benefits-related inquiries.
Key Responsibilities:
Benefits Administration:
Administer and manage employee benefits programs, including health, dental, vision, life insurance, retirement plans, and wellness initiatives.
Ensure accurate and timely enrolment of employees in benefits programs.
Maintain benefits records and manage benefits database, ensuring data integrity and compliance.
Data Analysis & Reporting:
Conduct regular analysis of benefits programs, identifying trends, and providing recommendations for plan design changes.
Prepare reports on benefits utilization, cost analysis, and employee satisfaction.
Support the annual benefits review process, including benchmarking and market analysis.
Employee Support:
Serve as a point of contact for employees regarding benefits inquiries and issues.
Conduct benefits orientations for new hires and provide ongoing education on benefits programs.
Assist employees with claims issues and liaise with benefits providers to resolve complex cases.
Vendor Management:
Collaborate with external vendors to manage benefits plans and ensure high-quality service delivery.
Participate in the selection and negotiation of benefits vendors and service providers.
Monitor vendor performance and manage relationships to ensure alignment with company objectives.
Process Improvement:
Identify opportunities to improve benefits processes, enhancing efficiency and employee satisfaction.
Implement best practices in benefits administration and ensure continuous improvement.
Qualifications:
Experience:
Hands on experience in benefits administration, or a related field.
Experience with benefits software and HRIS systems preferred.
Skills:
Strong analytical skills and attention to detail.
Proficiency in Microsoft Excel and other data analysis tools.
Excellent communication and interpersonal skills.
Ability to manage multiple tasks and prioritize effectively.
Knowledge of benefits laws and regulations.
Work Environment:
Typical office environment with a mix of remote and on-site work depending on company policy.