Benefits Analyst - Bowie, United States - Inovalon

Description

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.

Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare's greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.

Job Summary:The Benefits Analystwill provide project management support to benefits initiatives across the Enterprise. The Analyst will gather, develop, coordinate and maintain business processes associated with all benefit plans. The Analyst will partner with the Total Rewards team members to ensure the Plans are compliant, cost effective, consistent and aligned with the Inovalon employment brand, culture and wellness initiatives. This position will interact with HR functional area leaders, related department (Payroll, Legal and Finance) leaders and vendors for full life cycle of projects and complex benefits inquiries. The Analyst will partner with internal and external resources to address audits, plan designs, accounting/reconciliation, projections and risk analysis.

Duties and Responsibilities

• Coordinate general day-to-day administration of benefit programs including COBRA, annual and monthly HSA funding, workers compensation claims, and ACA monitoring;
• Maintain and post Summary Plan Descriptions, SMMs and other required notices timely and keep the compliance calendar up-to-date;
• Prepare, audit and correct data for government filings such as Form 5500, Form 1094/1095, Summary Annual Reports, OSHA, and Non-Discrimination Testing;
• Participate in system configuration, set-up, testing and maintenance of internal HR systems as well as vendor systems ensuring data integrity and accuracy;
• Produce and maintain documentation related to the administrative benefit processes and policies ensuring compliance with applicable federal, state, and local laws and regulations (i.e. ERISA, HIPAA, ACA, Secure Act, etc.);
• Resolve escalated benefits issues for associates by interpreting benefit plan documents and policies to resolve coverage issues;
• Prepare and submit funding to each state retirement plan within the required timeframe and monitor for any newly enacted legislation;
• Assist with the development and maintenance of employee benefits communication materials including plan documents, intranet, website and open enrollment;
• Administer rewards and recognition programs that acknowledge associates who exemplify Inovalon's company values and shape our culture;
• Back-up for New Hire Benefits Orientation;
• Partner with team members to plan and deliver annual open enrollment;
• Performs other special projects as necessary;
• Maintain compliance with Inovalon's policies, procedures and mission statement;
• Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
• Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer.

Job Requirements:

• Minimum of 3 years of benefits administration, analyst or lead analyst experience required including development, implementation, optimization, integration and project management;
• Highly motivated self-starter who has demonstrated successful experience in benefits administration;
• Strong Microsoft Excel skills (VLOOKUPS, Pivot Tables, and charts) and proficient in Word and PowerPoint skills;
• Ability to generate and analyze reports and spreadsheets (i.e. identify and correct errors, evaluate and resolve issues);
• Team player supporting the HR department as well as internal clients;
• Ability to work independently as well as in a team setting;
• Excellent planning and organizational skills;
• Demonstrated customer service skills; and
• Excellent written, communication and interpersonal skills.

Education:

• Bachelor's degree preferred or equivalent work experience.

Physical Demands and Work Environment:

• Sedentary work (i.e. sitting for long periods of time);
• Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
• Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions;
• Subject to inside environmental conditions; and
• Travel for this position will include approximately 5%, typically for training purposes.

Studies have shown that women and people of color are less likely to apply for jobs unless they believe they meet every one of the qualifications listed in a job description. If you don't meet every qualification listed but are excited about our mission and the work described, we encourage you to apply regardless. Inovalon is most interested in finding the best candidate for the job and you may be just the right person for this or other roles.

By embracing diversity, equity and inclusion we enhance our work environment and drive business success. Inovalon strives to reflect the diversity of the communities where we operate and of our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.

Inovalon is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.

The Company maintains a drug free work environment for all of its associates, which includes employees, contractors and vendors. It is unlawful for associates to manufacture, sell, distribute, dispense, possess or use any controlled substance or marijuana in the workplace and doing so will result in disciplinary action, up to and including termination of employment or the contracted relationship.

To review the legal requirements, including all labor law posters, please visit this link