Benefits Analyst - Onsite
Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
POSITION SUMMARY
The Benefits Analyst supports the administration and coordination of employee benefit programs, including health, dental, vision, life insurance, disability, retirement plans, and wellness initiatives. This role ensures accurate data management, billing, reconciliations, and provides operational support to both the benefits and leave teams. The Benefits Analyst plays a key role in maintaining compliance, enhancing employee experience, and ensuring the smooth execution of benefit-related processes.
DESCRIPTION
Duties and Responsibilities
• Process all invoices related to benefits and leave of absence.
• Monthly vendor scorecard maintenance.
• Maintain monthly benefits reporting.
• Reconcile monthly benefit invoices and resolve discrepancies with carriers and vendors.
• Assist with annual open enrollment communications, system testing, and post-enrollment audits.
• Per pay period reconciliation with payroll to ensure accurate benefit deductions and adjustments.
• Support leave of absence specialists.
• Ensure compliance with federal and state regulations (HIPAA, COBRA, ACA, ERISA).
• Assist with wellness program coordination and employee engagement initiatives.
• Participate in audits and provide documentation as needed.
• Assist with employee questions regarding benefits as needed.
• Evaluate and analyze employee benefits programs to ensure they are effective, competitive, and compliant with regulations.
• Analyze the cost and effectiveness of various benefit plans.
• Performs related duties as assigned by management.
Qualifications and Education Requirements
• Bachelor's degree in Human Resources, Business Administration, or related field preferred.
• 2-4 years of experience in benefits administration or Human Resources Operations.
Skills, Abilities, and Knowledge
• Proficiency in HRIS platforms (e.g., Workday, ADP, UKG, SAP SuccessFactors).
• Strong Excel skills: experience with reporting tools.
• Knowledge of benefits compliance and regulatory requirements.
• Excellent communication, organizational, and problem-solving skills.
• Ability to manage sensitive information with discretion and professionalism.
• Strong organization skills; ability to effectively prioritize workflow from multiple sources.
• Able to collaborate effectively with team and other departments as needed.
• Ability to multi-task, work with a sense of urgency and flex to the work style of others.
• High learning agility; strong initiative; self-starter with a positive attitude.
• Experience with benefit administration platforms; working knowledge of Workday preferred.
Additional Information:
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits :
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave
• Pet insurance
• Adoption Assistance
• Tuition reimbursement
• Employee Loan Program
• The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW:
• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
CA Privacy Policy
CA Notice at Collection
