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US Benefit Analyst

Job Number:  17076
Group:  Magna Corporate
Division:  Magna Services of America (Troy Office)
Job Type:  Permanent/Regular
Location: 

Troy, MI, US, 48098-2863 Holland, MI, US, 49424

Position Overview:

The Benefits Analyst will act as a subject matter expert by consulting and advising Magna Groups and Divisions on any questions and issues related to Magna’s US Benefits programs. This position will be responsible for performing detailed analysis of benefits programs to enhance and optimize program performance and sustainability. If you’re looking for a challenging and face paced work environment, the ability to participate in and support global projects and work with colleagues from all over the world, consider this opportunity.

 

Essential Duties & Responsibilities:

Benefits Analytics

  • Provides analysis, cost projections and recommendations to support the development of benefit plan management strategies and products.
  • Perform financial analysis including developing pricing and employee contribution strategies, modelling plan design alternatives, cost savings and funding strategies.
  • Partner with external benefits vendors and internal Magna Groups and Divisions to investigate and resolve issues
  • Regularly reviews and updates benefits documentation to ensure information is clear, concise and up to date
  • Run the US billing processes in PeopleSoft and liaison with the US benefit vendors on interface errors and corrections.
  • Process the weekly US benefit vendor payments, and monthly reconciliations with our internal Total Compensation finance manager and the corporate finance team.
  • In conjunction with HRIS, assist in preparation and participation in various benefit related data audits.  Assist Magna US divisions with dependent eligibility and other audits as requested.
  • Continually monitors the US environment to proactively identify trends that could impact Magna’s benefit management strategies.
  • Identify opportunities and recommend enhancements to ensure Magna’s US benefits program is innovative, competitive and contributes to ensuring plan sustainability.
  • Assist with union negotiation projects, as required.
  • Participate in and support Total Reward projects as required.

Benefits Administration

  • Support of the daily operations of the US Benefits plans, with respect to contractual and administrative aspects including short and long-term disability management.
  • Provide coaching and guidance to Magna’s Groups and Divisions on all benefit related inquiries
  • Provide assistance with investigations to resolve complex issues (e.g., disability cases, health cost analysis, specialty Rx, claim denials, etc.)
  • Support the review and amendment of all policies and benefit plan booklets for US benefits, communicate with legal as required and directed.
  • Assist Magna US divisions with COBRA, HIPAA, FSA and other ancillary benefit administration.
  • Support the annual Benefits Open Enrolment process

 

Qualifications:

  • Completion of post graduate studies in Human Resources or Compensation would be an asset.
  • Professional certification in Employee Benefits or Human Resources Management preferred.
  • 2-3 years of previous benefits and/or human resources experience with a strong focus on analytics, reporting and benefits administration

 

Education / Experience:

  • University/College degree in Business or equivalent.
  • Experience working in global organizations and/or automotive/industrial manufacturing environment would be considered an asset
  • Team player with the ability to maintain organization and multi-task amongst competing deadlines
  • High level of attention to detail, accuracy and confidentiality required
  • Able to handle/maintain confidential information
  • Detailed and deadline oriented

 

Special Knowledge / Skills:

  • Excellent computer knowledge with advanced skill in MS Excel and PowerPoint
  • Excellent communication skills – both written and verbal with a strong focus on customer service
  • Strong technical and analytical competence in select areas of technology.
  • HIPAA certification required.
  • Strong analytical skills and adept at analyzing data and formatting reports

 

Physical Demands / Work Environment:

  • Normal office position duties, with frequent use of computer
  • Flexibility for travel (up to 15%), when necessary

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