14 days old

Senior Benefits Analyst

Federal Reserve Bank of Philadelphia
Philadelphia, Pennsylvania 19106
  • Job Code
  • Job Type
  • Job Status
    Full Time

Job Summary:

Under general supervision, supports the Benefits and Medical divisions within the Bank's Human Resources department. Performs analytical and administrative duties related to the comprehensive benefits package that is offered to active employees and retirees. The Senior Benefits Analyst will display an exceptional ability to communicate directly with employees and retirees in order to explain benefit programs and eligibility requirements. Collaborates cross-functionally with other functions within the Human Resources department and provides support and performs work on projects and initiatives as needed.

Principal Duties and Responsibilities:

Provides, through a consultative approach, exceptional customer service to employees seeking assistance related to benefits enrollment/explanation, retirement, leaves of absence, etc.
Supports the Benefits Manager and Medical Division with the administration of the Bank's leave of absence policies, FMLA, ADA, etc.
Collaborates cross-functionally with other Human Resources functions and provides support and performs work on projects and department initiatives.
Prepares and presents benefits-related information to new employees of the Bank.
Works directly with Financial Management Services (FMS) to provide updated data related to benefit plan valuations and methodology.
Monitors and maintains Benefits department general ledger accounts associated with employee payroll deductions and provides detailed instruction for the correct distribution of funds.
Prepares annual open enrollment materials and coordinates employee/retiree and vendor participation in the annual benefits fair.
Prepares benefits and medical communications as needed and coordinates with the Bank's Public Affairs department to publish information in the Bank's newsletter and internal website.
Coordinates educational seminars with outside vendors that focus on financial planning, retirement planning, and work/life balance.
Performs other related duties as assigned.


Education and Experience:

Bachelor's degree in Human Resources Administration, Business Administration or related field, with a minimum of five years` related experience.

Knowledge and Skills:

The Federal Reserve System employs a comprehensive Total Rewards benefits package. The components of the package are Thrift & Retirement, Health & Wellness, and Personal Protection Plans. The candidate should be well-informed of the following topics:

Health & Wellness: Substantial knowledge of medical, prescription drug, and vision plan structures and the interactions that takes place between plan sponsors, vendors, and participants.

Thrift & Retirement: Working knowledge of defined contribution (DC) and defined benefit (DB) offerings and how these plans are used to both attract and retain employees. Must display an understanding of plan administration and possess a familiarity with financial planning concepts (TVM, 401k, Roth 401k, IRA, Contribution Limits, etc.).

Personal Protection Plans: Familiarity with life insurance, personal accident insurance, identity/theft protection, long-term disability, and group legal insurance. Ability to explain the fundamental structure of these plans to employees and retires.

Strong MS Office Excel & PowerPoint skills.
Demonstrated organizational and administrative skills and the ability to maintain a realistic balance among multiple priorities and handle a wide variety of activities.
Excellent time management, planning and organization skills, with an intelligent, proactive approach to problem solving.
Attention to detail with high degree of accuracy, and the ability to work independently and exercise good judgment.
The ability to multitask, work under tight deadlines, and prioritize conflicting needs; handle matters expeditiously, proactively, and follow-through on projects to successful completion.
Excellent interpersonal and customer service skills, with the ability to communicate verbal and in writing with all levels.
Well-developed analytical and problem solving skills and logical reasoning.
Ability to work harmoniously and effectively with others as part of cross-functional teams.
Experience with policies, practices, and procedures.
Flexibility; able to adapt to change in work and priorities.
Ability to manage relationships and balance customer, project, organization, and team needs to ensure mutually beneficial outcomes.
Fosters teamwork, collaboration and learning within the HR team and facilitates problem-solving activities.
Promotes proactive approaches in using existing and new HR systems to solve business needs/problems.

Other Requirements:

Applicants must be able to provide work authorization to prove their eligibility to work in the United States.

Physical Requirements:

Ability to sit, enter data, and verify data at the Personal Computer (PC) for extended periods of time.


  • job_category_human_resources
  • Benefits
  • Compensation
  • Administrative
  • Legal
  • Communications
  • Employee Relations
  • Health, Safety, Security

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Senior Benefits Analyst

Federal Reserve Bank of Philadelphia
Philadelphia, Pennsylvania 19106

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Senior Benefits Analyst

Federal Reserve Bank of Philadelphia
Philadelphia, Pennsylvania

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