Full-Time

HR Benefits Coordinator

Posted on 11/15/2024

Cyberark

Cyberark

1,001-5,000 employees

Privileged access security solutions provider

Cybersecurity

Junior, Mid

Newton, MA, USA

Category
Human Resources
People & HR
Requirements
  • 1-3 years of experience in benefits administration or a similar HR role.
  • Proficiency in HRIS and Microsoft Office Suite, especially Excel.
  • Strong interpersonal, problem-solving, and organizational skills.
  • Ability to handle sensitive information with confidentiality and professionalism.
  • Knowledge of federal and state regulations related to benefits.
  • Experience with benefits administration software (e.g., ADP, SuccessFactors) is a plus.
  • Excellent written and verbal communication skills.
Responsibilities
  • Administer benefits plans, including enrollments, terminations, and changes.
  • Ensure compliance with federal, state, and local regulations and company policies.
  • Maintain accurate and timely data in HR systems and vendor portals.
  • Serve as the primary point of contact for employees regarding benefits questions and issues.
  • Educate employees on available benefits and guide them through the enrollment process.
  • Conduct benefits orientations for new hires and provide ongoing communication about benefits updates.
  • Assist with the planning and execution of annual open enrollment.
  • Coordinate with vendors to ensure accurate plan offerings and documentation.
  • Provide clear, concise communication to employees about plan changes and enrollment deadlines.
  • Collaborate with benefits providers to resolve claims, billing, or eligibility issues.
  • Review and reconcile monthly invoices from benefits providers.
  • Coordinate with vendors to ensure accuracy and up-to-date information on all employee benefit plans.
  • Ensure compliance with applicable regulations, such as ERISA, COBRA, FMLA, and HIPAA.
  • Work with external vendors to prepare and submit required reporting (e.g., ACA filings, 5500s).
  • Monitor and audit benefits-related processes for data accuracy and compliance.

CyberArk focuses on privileged access security, which is essential for protecting sensitive data and infrastructure in various environments, including enterprises and cloud systems. Their products work by managing and securing privileged credentials and secrets, which are often targeted by cyber attackers. This includes solutions for privileged access management, endpoint privilege security, and application access management. CyberArk stands out from competitors by offering a comprehensive suite of software and services tailored to meet the needs of large enterprises, government agencies, and financial institutions. The company's goal is to help organizations strengthen their security measures and ensure compliance with regulatory standards.

Company Stage

IPO

Total Funding

$62.7M

Headquarters

Newton, Massachusetts

Founded

1999

Growth & Insights
Headcount

6 month growth

9%

1 year growth

20%

2 year growth

30%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition of Venafi is expected to provide significant top-line growth synergies and improve margins.
  • CyberArk's advancements in Workforce Password Management and its new facility in Hyderabad indicate ongoing investment in innovation and global expansion.
  • Promotion of experienced leaders like Matt Cohen to CEO suggests strong internal leadership and continuity.

What critics are saying

  • The integration of Venafi could present challenges in aligning technologies and corporate cultures.
  • The rapid pace of digital transformation and cloud migration requires continuous innovation to stay ahead of emerging security threats.

What makes Cyberark unique

  • CyberArk's acquisition of Venafi positions it uniquely in the market by offering a comprehensive end-to-end machine identity security solution.
  • The company's focus on identity security, including both human and machine identities, sets it apart from competitors who may only focus on one aspect.
  • CyberArk's consistent recognition as a leader in identity security underscores its strong market position and innovative capabilities.

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