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Benefits Analyst (1123292_RR00000000)

Employer
NYU Langone Medical Center
Location
Manhattan, New York, United States
Closing date
Apr 17, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
NYU Langone Health is a world-class, patient-centered, integrated academic medical center, known for its excellence in clinical care, research, and education. It comprises more than 200 locations throughout the New York area, including five inpatient locations, a children's hospital, three emergency rooms and a level 1 trauma center. Also part of NYU Langone Health is the Laura and Isaac Perlmutter Cancer Center, a National Cancer Institute designated comprehensive cancer center, and NYU Grossman School of Medicine, which since 1841 has trained thousands of physicians and scientists who have helped to shape the course of medical history. At NYU Langone Health, equity, diversity, and inclusion are fundamental values. We strive to be a place where our exceptionally talented faculty, staff, and students of all identities can thrive. We embrace diversity, inclusion, and individual skills, ideas, and knowledge. For more information, go to nyulangone.org, and interact with us on LinkedIn, Glassdoor, Indeed, Facebook, Twitter, YouTube and Instagram.

Position Summary:

We have an exciting opportunity to join our team as a Benefits Analyst.

In this role, the successful candidate is a part of the HR Benefits Strategy Team and reporting to the Manager of Benefit Planning and Resources; performs day to day financial transactions, metrics collection and analysis to support accurate long range forecasting for all benefit plans of NYU Langone Health System.

Job Responsibilities:

* Maintains vendor table with financial transaction frequency, funding and banking info.
* Maintains Vendor Payment timetable and payment confirmation support to ensure payments are timely and accurate and that late payment penalties are avoided.
* Maintains PeopleSoft queries to capture enrolled participants in benefit plans as well as terminating participants where appropriate. Tracks enrollment in all Plans.
* Prepares wire transfer request for funds, as well as ACH requests depending on payment process. Prepares requests for payment via PeopleSoft Financial System including AP invoice review and processing. Prepares check requests when needed. Prepares invoice documentation and generates PS reports to prepare self billing invoices.
* Coordinates defined contribution retirement plan remittance process with each payroll and multiple vendors. Reconciles PeopleSoft deduction reporting with vendor files to insure good order processing standards are met. Assists in the development of plan metrics and tracks trends.
* Assists in the preparation of the annual fringe benefits budget. Reviews all monthly financial reports and supporting detail for accuracy and reasonableness. Validates payments reported to Plans with actuarial costs developed by consultants to confirm accuracy before annual compliance valuation and Open Enrollment processes begin.
* Prepares Defined Benefit Plan requests for funding and confirms assets reported to actuary.
* Supports the annual Retiree Medical Account, defined benefit pension plan and defined contribution retirement plan internal and external audits as well as other benefit plan audits that may occur from time to time.
* Assigns and administers employee refunds/collecting premiums as appropriate.
* Audits Tuition Benefit payments.
* Coordinates funding of tuition benefits as well as recovery of overpayments for employees who terminate prior to meeting two year service requirement. Acts as liason with RTR Collections agency.
* Oversees financial aspects of COBRA and Retiree Billing processes. Audits COBRA eligibility file for missed COBRA notifications and corrections. Oversees correction of DOL COBRA complaints.
* Prepares Power Point presentations showing changes to costs of programs and changes in enrollment and other cost metrics over time.
* Prepares monthly financial activity summaries.
* Acts as liason for benefits with Finance and Payroll as needed. Works with Supply Chain to set up new vendor payment records.
* Participates in benchmarking surveys as needed.
* Participates in testing of various system related changes in a test environment.
* Monitors enrollment in benefit plan by demographic and generational factors to assist in planning.payment records.
* Participates in benchmarking surveys as needed.
* Participates in testing of various system related changes in a test environment.
* Monitors enrollment in benefit plan by demographic and generational factors to assist in planning.

Minimum Qualifications:

To qualify you must have a Education: Bachelor's degree in Accounting, Business or HR related field, or equivalent training and/or experience.

Experience: Minimum of 2 years of experience in a position with financial, analytic or billing related functions is required.

Specific Knowledge, Skills and Abilities: Must have strong computer and math skills and be proficient with MS Word, MS Excel, MS PPT, and MS Outlook. Familiar with spreadsheet management and preparation in Excel. Strong organizational skills. Must be flexible and adaptable to meet changing needs and priorities. Must be able to work independently and prioritize work. Must be results focused and able to meet deadlines. Must have a strong level of team orientation. Excellent analytical skills and skilled at maintaining quality and accuracy. Able to work across departments internally at NYU Langone and with external vendors. Must be customer focused with ability to quickly resolve internal and external customer needs/requests. Must have solid ethical principles. Must actively pursue opportunities to maintain the financial competitiveness and integrity of the benefit programs.

Preferred Qualifications:

Some knowledge of employee benefits and /or Human Resources preferred

Qualified candidates must be able to effectively communicate with all levels of the organization.

NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.

NYU Langone Health is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sex, sexual orientation, transgender status, gender dysphoria, national origin, age, religion, disability, military and veteran status, marital or parental status, citizenship status, genetic information or any other factor which cannot lawfully be used as a basis for an employment decision. We require applications to be completed online.

If you wish to view NYU Langone Health's EEO policies, please click here. Please click here to view the Federal "EEO is the law" poster or visit https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm for more information.

NYU Langone Health provides a salary range to comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $63,935 - $78,000 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

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