Federal Reserve Bank

Senior Benefits Analyst

Federal Reserve Bank$90K — $113K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required.
  • Minimum of 5 years in benefits administration.
  • Advanced knowledge of benefits program design and compliance.
  • Expertise in leave management and accommodations.
  • Strong analytical, problem-solving, and communication skills.

Responsibilities

  • Administer and oversee leave programs ensuring regulatory compliance.
  • Support annual benefits renewal and enrollment communication.
  • Organize benefits fairs to promote program awareness.
  • Serve as a subject matter expert for employee inquiries.
  • Promote benefits through presentations and materials.
  • Analyze trends in benefits utilization and recommend improvements.
  • Collaborate with HR and external partners for benefit program administration.

Benefits

  • Comprehensive health and wellness programs.
  • Financial security support initiatives.
  • Employee engagement and development opportunities.
Full Job Description
The Senior Benefits Analyst is responsible for supporting the design, implementation, and administration of the Bank's benefits programs. The analyst will actively promote benefit offerings and serve as a resource for employees and leaders, ensuring programs are understood and utilized effectively. Key Responsibilities: • Administer and oversee leave programs and accommodations, ensuring compliance with regulatory requirements and internal policies. Collaborate with third party administrator to process claims and communicate appropriate details with employees, leaders and payroll. • Support annual benefits renewal processes, data analysis, and annual enrollment implementation and communication. • Organize and participate in benefits fairs and other promotional events to increase awareness and engagement with benefit programs. • Serve as a subject matter expert for employees and leaders, providing guidance, resolving complex inquiries, and supporting decision-making. • Promote the Bank's benefit programs through presentations, written materials, and direct outreach. • Analyze benefits utilization and trends, recommending enhancements or corrective actions as needed. • Collaborate with HR, payroll, and external partners to ensure accurate and timely administration of all benefit programs. • Maintain up-to-date knowledge of industry best practices, regulatory changes, and emerging trends in benefits and leave administration. • Performs other duties as assigned or requested. Qualifications: Education and Experience • Bachelor's degree required. • Minimum of 5 years of related work experience in benefits administration Knowledge - Advanced • Employer benefits, including program design, regulations, and compliance • Employer leave management and accommodations Skills - Advanced • Strong analytical, problem-solving, and communication skills. • Ability to work independently and collaboratively, adapting style to differing audiences. • Project and process management Location: Cleveland, OH The expected starting salary range for the Senior Benefits Analyst is between $90,500 and $113,100 annually. Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and market data. The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers Physical Demands and General Working Conditions This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Human Resources Family Group Work Shift First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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