Benefits Analyst

Company:

Interested in joining a winning team? A team whose employees are empowered to make a difference?

Offer Range: $81,777- $102,221

Organizational context and job purpose

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products.  It is comprised of 36 businesses each with a major chemical company heritage. Its production network spans 194 manufacturing facilities in 29 countries throughout the world.  INEOS is a young company and has grown through a series of related acquisitions to become a leading chemical company with sales around $61 billion.  INEOS USA has approximately 3,400+ US employees and 400+ retirees spread across 14 businesses. 

How the Role Fits In:

Under the supervision of the Benefits Manager, the position of Benefits Analyst serves to operate the Health, Welfare, 401(k) and Pension benefit plans.  Included are interactions with vendors, team members, employees, participants, and business HR teams.  This role may also be called upon to assist others in the department.

Responsibilities AND Accountabilities

• Assist with administration of health, welfare, and retirement plans.
• Perform periodic audits of employee elections, deductions, and funding accounts.
• Compile and analyze vendor analytics for Plan due diligence.
• Troubleshoot and resolve employee, system, process, and integration issues with HR Systems and/or vendors.
• Maintain data integrity in systems by analyzing data and using various reporting and reconciling techniques.
• Create reports for ongoing benefits, HR, and business needs.
• Create requirements and test cases; complete test and rollout plans.
• Experience complying with various benefits-related regulations, including ERISA, COBRA, ACA, HIPAA, SECURE, and more.
• Complete processes and tasks related to benefits funding, 401(k) loans, non-discrimination testing, audits, reporting, reconciling, mailings, invoicing, and corrections in accordance with EPCRS.
• Assist with administration and funding of 401k and Section 125 plans.
• Support annual audits and 5500 preparations.
• Prepare files for Non-Discrimination Testing.
• Complete annual true-up processing including funding and reconciliation.
• Recommend solutions or alternate methods to meet requirements and/or resolve issues.
• Support annual open enrolment process.
• Assist with benchmarking best practices and monitoring market trends.
• Prepare and coordinate the development and distribution of required benefits communications, including Employee Benefits Handbook (SPD), Plan Documents, Benefits Guides, and Benefits Website updates.
• Document procedures while improving efficiency.
• Provide day-to-day support to HR and Payroll contacts across various INEOS businesses.
• Handle and resolve employee inquiries; escalate as necessary.
• Assist with coordination of communication across multiple benefit plans.
• Write, review, and proofread employee communications.
• Assist with ERISA and other benefits appeals.
• Support Benefits Manager and Director as needed.

Skills & Knowledge Required

Education/Experience

• Bachelor’s degree from an accredited institution.  
• 4+ years of business experience, preferably in the chemical industry. 
• Previous experience in a benefits position is desirable. 

Skills/Competencies

• Advanced Microsoft Excel skills.  Must be able to create and troubleshoot complicated formulas, lookups, pivot tables, and charts. 
• Benefits, Payroll, and/or HRIS system experience required; Workday preferred.
• Data reporting and analytics experience required.
• Exceptional analytical and problem-solving skills to identify and resolve efficiently and effectively.
• Strong organizational and management skills to complete tasks on time.  Consistently meet or exceed project deadlines by effectively prioritizing tasks, managing time efficiently, and adapting to changing requirements.
• Able to manage multiple projects at once without compromising quality.
• Self-Motivated. Exhibit a strong sense of initiative and drive to complete tasks independently.
• Capable of being entrusted with critical tasks.
• Strong attention to detail including ability to notice patterns in data and turn them into useful insights.
• Able to review work to find mistakes. Proactively solve problems, ensure high standards, and be accountable for outcomes. Seek feedback to improve continuously.
• Work well in a team environment (communicating, listening, collaborating, building credibility, etc.)
• Excellent written and verbal communication skills, with the ability to interact with individuals at all levels of the organization and external contacts.
• Knowledge of various federal and state

regulations governing benefits plans.

• Provide consultation-type customer service to HR and employees
• Able to both write and trace through logic, coding, and configuration.
• Able to manage tasks in compliance with company policies and operating procedures.
• Follow through on commitments.

PHYSICAL REQUIREMENTS

• Frequently (70-100%) sitting.
• Occasionally (30-60%) lifting and carrying up to 30 pounds.
• Infrequently (10% or less) ascending and descending stairs, bending, stooping, twisting, kneeling, and reaching at/below shoulder height.
• The worker is required to have close visual acuity to perform an activity such as preparing and analyzing data and figures; viewing a computer screen and extensive reading.
• The worker is not substantially exposed to adverse environmental conditions.
• This position requires the employee to always be alert, able to concentrate on their task at hand, and not impaired by medications (prescription, non-prescription, illegal or legal substances including alcohol), or any other mental condition which adversely affects alertness, concentration, or judgment.

Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.On our team, people are acknowledged for embracing new practices that help create real value for customers.