Benefits Analyst
At a glance
Mid-level Compensation & Benefits role at MGIC. Milwaukee · full-time · $71,720–$118,340 base.
hrroles summary, based on the employer's posting.
What you'll do
- Help shape and run health benefits, weighing legal requirements, costs and employee effects before advising managers on changes
- Guide employees through disability and FML leave questions, coordinate with vendors and send payroll payment details and dates
- Keep benefit systems and vendor data feeds accurate, working with HRIS to update information in Workday
- Track compliance across benefit and wellness plans, including filings, and support retirement-plan administration and annual audits
- Answer employee benefits questions, resolve medical-plan issues with UHC and create communications with internal and external partners
What you bring
- More than three years of work in a human resources setting
- Strong analysis, organization and prioritization skills to manage competing responsibilities and investigate issues through resolution
- Clear communication and judgment when handling sensitive employee matters and making benefits decisions
- Proficiency in Microsoft Office and the ability to learn and use new technology
Who this fits
This role suits someone who can manage benefits details while advising employees on sensitive matters and working across teams. It is based in Milwaukee.
From the employer
At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the innovative to the operational. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC.
PURPOSE
Responsible for supporting the development, implementation, and administration of the corporate employee/retiree benefit plans, including plan design, legal compliance, system functionality, plan enhancements, communication and vendor management.
PRIMARY DUTIES AND RESPONSIBILITIES
The following statements describe the general nature of work performed by people assigned to this job, may not be performed by all individuals in this job, and are not a complete list of all job duties required.
- Assists with the research, analysis, development, implementation, and administration of health benefit plans. Reviews legalities, expense, co-worker impact, and makes recommendations to management for changes.
- Serves as primary contact and resource for co-worker leaves of absence including disability and FML. Provides directions to vendors, counsels co-workers regarding pay, job status, and other information, and directs Payroll on payments and key dates.
- Responsible for system functionality for benefit plans. Ensures accurate feeds to vendors and works with HRIS to load information to Workday platform.
- Under the direction of management, monitors regulatory and legal compliance of all co-worker benefit plans and wellness programs, including ERISA, COBRA, HIPAA, and annual federal filings and performs necessary activities to fulfill compliance obligations
- Along with the Sr. Benefits Analyst, responsible for administration of the retirement plans.
- Works with internal and external auditors on annual audits and adherence to SOX controls.
- Working with other internal and external partners, develop and manage the employee benefits communication materials.
- Monitors benefit trends in business environment by participating in industry meetings, conferences, webinars, and researching publications and websites.
- Responds daily to co-workers’ inquiries and acts as liaison between co-workers and medical plan vendor (“UHC”) if appropriate, ensuring plan is working and escalation of issues.
EXPERIENCE / BACKGROUND
- Demonstrated ability to identify problematic issues, research, and follow through to resolution
- Ability to discuss sensitive issues with employees
- Understands the impact of benefits decisions to the corporation and employees
- Strong organization skills to coordinate a variety of responsibilities simultaneously
- Strong analytical skills
- Demonstrated ability to learn and apply new technologies
- Highly organized with demonstrated ability to prioritize
- Effective communication skills and ability to collaborate across teams.
- Proficiency with MS Office Suite of products
- Demonstrated proactive and decision-making ability
- More than 3 years work experience in a human resources environment
FLSA: This position qualifies for the Administrative exemption as the employee is required to exercise discretion and independent judgment in the administration of MGIC’s insurance benefits plans.
DISCLAIMER (Americans with Disabilities Act) - All job responsibilities and requirements are subject to possible modification to reasonably accommodate individuals with disabilities.
Pay Range:
$71,720.00 - $118,340.00
This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth
Enjoy these benefits from day one:
• Competitive Salary & pay-for-performance bonus
• Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
• On-site Fitness Center and classes (corporate office)
• Paid-time off and paid company holidays
• Business casual dress
For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers.
Note to all recruitment agencies:
MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition.