Financial Analyst-Employee Benefits

Financial Analyst-Employee Benefits

Job Category: Human ResourcesTime Type: Full timeMinimum Clearance Required to Start: NoneEmployee Type: RegularPercentage of Travel Required: NoneType of Travel: None* * *

The Opportunity:
The Employee Benefits Financial Analyst is responsible for analyzing and supporting the financial aspects of employee benefits programs. This role involves evaluating program costs, forecasting expenses, ensuring compliance, and providing data-driven recommendations to optimize benefits offerings and control costs. The analyst collaborates with internal stakeholders and external vendors to ensure efficient and effective benefits administration.

This position is remote for a local candidate in the DC Metro Area.

Responsibilities:

• Analyze and report on the financial performance of benefits programs, including medical, dental, vision, life insurance, disability, etc.
• Review and prepare monthly, quarterly, and annual reports on benefit expenses and utilization.
• Conduct variance analysis to identify cost drivers and recommend cost-saving measures.
• Evaluate the financial impact of proposed benefits changes and initiatives.
• Assist in the development of the annual benefits budget.
• Monitor budget performance and provide regular updates to management.
• Forecast future benefits costs based on historical data, market trends, and demographic factors.
• Assist in the evaluation and selection of benefits vendors.
• Monitor vendor performance and ensure compliance with contractual agreements.
• Analyze vendor invoices and resolve discrepancies.
• Work with actuarial firms as needed.
• Ensure compliance with all applicable federal, state, and local regulations, including ERISA, HIPAA, ACA, and COBRA.
• Stay informed of changes in benefits regulations and update internal policies and procedures accordingly.
• Assist with audits and compliance reporting.
• Collect, analyze, and interpret benefits data to identify trends and opportunities for improvement.
• Maintain accurate and up-to-date benefits records.
• Utilize HRIS and other data systems to generate reports and analyze data.
• Work with large data sets, and be able to create meaningful reports.
• Provide support to employees regarding benefit inquiries and issues.
• Assist with the development of employee communication materials.
• Participate in employee benefit enrollment and education activities.
• Participate in and lead benefit-related projects as assigned.
• Document processes, and create procedural manuals.

Qualifications:

Required:

• Bachelor's degree in finance, accounting, human resources, business administration, or a related field.
• Minimum of 5 years of experience in Financial Analysis with an emphasis on Employee Benefits.
• Strong proficiency in financial modeling and analysis.
• Strong understanding of employee benefit programs and regulations.
• Proficiency in Microsoft Excel, including advanced functions and data analysis tools.
• Experience with HRIS and benefit administration systems
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Excellent communication and interpersonal skills.
• Ability to maintain confidentiality.

Desired:

• Certified Employee Benefits Specialist (CEBS) or other relevant certifications.
• Knowledge of actuarial concepts is a plus.
• Experience with self funded medical plans.
• Experience with retirement plans.

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What You Can Expect:

A culture of integrity.

At CACI, we place character and innovation at the center of everything we do. As a valued team member, you’ll be part of a high-performing group dedicated to our customer’s missions and driven by a higher purpose – to ensure the safety of our nation.

An environment of trust.

CACI values the unique contributions that every employee brings to our company and our customers - every day. You’ll have the autonomy to take the time you need through a unique flexible time off benefit and have access to robust learning resources to make your ambitions a reality.

A focus on continuous growth.

Together, we will advance our nation's most critical missions, build on our lengthy track record of business success, and find opportunities to break new ground — in your career and in our legacy. 

Your potential is limitless. So is ours.

Learn more about CACI here.

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Pay Range: There are a host of factors that can influence final salary including, but not limited to, geographic location, Federal Government contract labor categories and contract wage rates, relevant prior work experience, specific skills and competencies, education, and certifications. Our employees value the flexibility at CACI that allows them to balance quality work and their personal lives. We offer competitive compensation, benefits and learning and development opportunities. Our broad and competitive mix of benefits options is designed to support and protect employees and their families. At CACI, you will receive comprehensive benefits such as; healthcare, wellness, financial, retirement, family support, continuing education, and time off benefits. Learn morehere.

The proposed salary range for this position is:

$71,500 - $150,200