Full-Time

Benefits Specialist

Posted on 10/1/2025

Verisk

Verisk

5,001-10,000 employees

Insurance risk analytics and data technology

No salary listed

Boston, MA, USA + 2 more

More locations: New York, NY, USA | Lehi, UT, USA

Hybrid

Category
People & HR (1)
Requirements
  • Bachelor's degree in Human Resources, Business Administration, Finance or related field, and/or equivalent experience.
  • Knowledge of Employee benefits laws and regulations including COBRA, ERISA, HIPAA, ACA and other federal and state regulations.
  • Demonstrated knowledge of end-to-end open enrollment processes, vendor management, and benefits compliance.
  • Working knowledge of Microsoft Office (Excel, Word, PPT etc).
  • Working knowledge of HR Systems (e.g. Oracle, PeopleSoft, Workday, BusinessSolver, etc).
  • Expertise in benefits communication and employee education, including creating and delivering presentations and written materials.
  • Ability to streamline and automate processes and improve efficiencies from beginning to end with minimal oversight.
  • Ability to communicate clearly and concisely, both orally and in writing.
  • Ability to handle sensitive and confidential matters.
  • Excellent analytical skills with the ability to apply functional benefits knowledge to solve problems and identify opportunities for improvement.
  • Excellent customer service and interpersonal skills.
  • Proven track record of handling complex benefits programs, e.g., self-insured plans, benefits open enrollment and plan design changes and implementation.
  • Minimum of 4 to 5 years benefits administration experience, including medical, dental, vision, life insurance, disability, leave administration, retirement plans, flexible spending accounts (FSA), Health Savings Accounts (HSA), and other employee welfare and ancillary programs.
Responsibilities
  • Serves as the lead Benefits Specialist responsible for administering a broad range of U.S. based Health and Welfare benefit plans including medical, dental, vision, life insurance (basic and voluntary), spending accounts (healthcare, dependent care, HSAs) and other voluntary employee benefits programs (e.g. hospital, accident, critical illness, home, auto, prepaid legal).
  • Supports the administration of absence management and associated programs, e.g. leaves of absence, PTO, short and long-term disability, federal, state and other related mandated programs.
  • Ensures compliance with all applicable laws and regulations by monitoring regulatory changes, obtaining legal opinions, preparing and submitting government filings, coordinating plan amendments, and distributing legally required notices.
  • Ensures accurate and timely processing of payroll deductions for respective area(s) and various benefit plans, resolving discrepancies and errors in benefit-related data.
  • Supports accurate and timely processing of invoices for respective area(s), perform detailed reconciliation of invoices against benefit enrollment data to identify discrepancies and ensure accuracy.
  • Leads or supports key elements of the design, development, implementation and administration of assigned benefit programs, plans and processes.
  • Resolves data integrity issues through oversight and regular auditing of vendor error reports, benefit program data, benefit contributions and deductions, metrics and reports.
  • Provides guidance to employees, managers, HR business partners and other stakeholders regarding eligibility, plan provisions, regulatory compliance and other matters related to benefit plans and programs.
  • Provides timely responses to requests and questions regarding benefits, escalating complex issues as needed.
  • Monitors weekly benefit file feeds and works with the HRIS/HRIT team and carriers to resolve any carrier file issues that arise.
  • Conducts benefits orientation sessions for newly benefits’ eligible employees including the delivery of any/all print/online/pre-recorded presentations, publications, brochures, etc.
  • Establishes and maintains partnerships with third-party vendors and internal stakeholders to ensure programs and plans are accurately and efficiently administered.
  • Supports the annual Open Enrollment period for benefits, including project coordination (example: employee engagement sessions, training, etc.), review and development of communications, validation of benefit plan set-up in benefit systems, testing, assisting employees with the election processes, and resolving escalations.
  • Works closely with internal teams, external vendors, and other related stakeholders to optimize benefits offerings and deliver a positive employee experience.
  • Stays abreast of emerging trends and provide analysis and recommendations.
  • Supports COBRA administration.
  • Assists with administering charitable gifts and employee anniversary programs.
  • Enters benefit related information into HRIS according to established procedures.
  • Assists in maintenance of benefits plan documents and communication materials (online and print).
  • Ad hoc report preparation as needed.
  • Leads and/or assists with other duties and special projects as required.

Verisk provides data analytics and technology solutions for the insurance industry, including risk modeling, fraud prevention, and catastrophe claims data, serving insurers, businesses, and governments worldwide. Its platforms offer subscription-based access to deep data sets and analytics tools, enabling clients to assess exposure, detect fraud, and process catastrophe claims while generating actionable reports. It differentiates itself with a global data pool combined with specialized insurance analytics and consulting services delivered on scalable platforms, with a strong emphasis on sustainability and resilience. Its goal is to help clients manage and mitigate risk, improve operational efficiency, and prepare for climate- and weather-related challenges.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Jersey City, New Jersey

Founded

1971

Simplify Jobs

Simplify's Take

What believers are saying

  • Subscription revenues grew 7% in Q1 2026 despite weather headwinds.
  • Anthropic Claude integration saves carriers hundreds of underwriting hours annually.
  • Core Lines Reimagine strategy leverages AI for client productivity gains.

What critics are saying

  • Generative AI startups like Atidot erode Verisk's pricing power within 12-24 months.
  • Moody's RMS captures AIR Worldwide clients using superior satellite data in 18-36 months.
  • EU AI Act imposes audits on fraud models, fining up to 6% revenue from August 2026.

What makes Verisk unique

  • Verisk owns 30 petabytes of proprietary insurance data unmatched by competitors.
  • Verisk pioneered catastrophe modeling via 2002 AIR Worldwide acquisition.
  • Verisk's ClaimSearch database analyzes 1.8 billion claims for fraud detection.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

-7%

1 year growth

-7%

2 year growth

-7%
Yahoo Finance
Apr 9th, 2026
Verisk logs slowest Q4 revenue growth among data and business process service stocks

Verisk reported Q4 revenues of $778.8 million, up 5.9% year on year, exceeding analysts' expectations by 0.7%. However, the data analytics provider delivered mixed results, beating earnings per share estimates whilst full-year revenue guidance missed expectations. The company, which processes over 2.8 billion insurance transaction records annually, reported the slowest revenue growth amongst its peers in the data and business process services sector. The 10 stocks tracked in this sector collectively beat Q4 revenue estimates by 2.9%, though next quarter's guidance came in 0.5% below consensus. Verisk shares have declined 1% since reporting and currently trade at $175.50. The sector faces headwinds from regulatory scrutiny on data privacy and rising cyber threats.

The Associated Press
Mar 25th, 2026
US P&C insurers post $63B underwriting gain in 2025, up from $24B in 2024

US property and casualty insurers posted a net underwriting gain of approximately $63 billion in 2025, a significant improvement from $23 billion in 2024 and a $22 billion loss in 2023, according to data from Verisk and the American Property Casualty Insurance Association. However, the strong results were driven primarily by unusually low catastrophe losses, with hurricane-related claims declining nearly 90 per cent due to limited US landfalls rather than fundamental industry improvements. Net written premiums grew 4.8 per cent to $971 billion, whilst the combined ratio improved to 92.9 per cent from 96.6 per cent. Despite the positive results, persistent pressures remain, including escalating repair costs, frequent severe storms, elevated legal system costs and moderating rate momentum, suggesting 2025 represents a reset rather than a new normal for the industry.

Yahoo Finance
Mar 9th, 2026
YCG trims Apple to buy more Verisk Analytics amid market volatility

YCG LLC added Verisk Analytics (NASDAQ:VRSK) to its portfolio during the fourth quarter of 2025, according to the asset management firm's investor letter. The move exemplifies YCG's strategy of buying high-quality stocks during cyclical downturns. The firm trimmed its Apple holdings, which had risen during the year, to purchase more Verisk shares after the stock declined substantially. YCG believes this volatility presented an opportunity, as Verisk's long-term prospects remained unchanged despite the share price movement. Verisk Analytics, a technology company providing data analytics and solutions to the insurance industry, reported $779 million in revenue for Q4 2025, up 5.5% year-over-year. However, shares fell 28.44% over the past 52 weeks. The company currently has a market capitalisation of $29.7 billion.

Yahoo Finance
Mar 6th, 2026
Verisk's tech-driven fraud tools and climate analytics fuel growth, shares worth holding

Verisk Analytics is strengthening its position through technology initiatives and climate-risk intelligence partnerships. The company is collaborating with S&P Global Energy to integrate catastrophe modelling with climate analytics, helping insurers and financial institutions better assess climate-related losses and meet regulatory requirements. The company has enhanced its ClaimSearch platform by integrating Digital Commerce Detector and Digital Asset Finder, enabling insurers to identify fraud earlier and recover stolen assets more efficiently. Fourth-quarter 2025 revenues rose 5.9% to $779 million, whilst adjusted EBITDA increased 9.8% to $437 million. Verisk continues rewarding shareholders through consistent dividends and share repurchases. The company raised its quarterly dividend by 11% to $0.50 per share and expanded its share repurchase authorisation to $2.5 billion. Revenues are expected to grow 4.3% in 2026 and 6.7% in 2027.

Stockwatch
Feb 24th, 2026
Verisk prices $1B senior notes offering to refinance debt and fund share buybacks

Verisk Analytics has priced an offering of $1 billion in senior notes, comprising $500 million of 4.450% notes due 2031 and $500 million of 5.125% notes due 2036. The offering is expected to close on 26 February 2026. The company plans to use proceeds to repay $500 million outstanding under its 364-day term loan facility and $750 million under its revolving credit facility. These borrowings, along with $250 million cash, funded prepayment amounts for share repurchases under accelerated share repurchase agreements. Additional proceeds will be used for general corporate purposes. BofA Securities, Wells Fargo Securities, Goldman Sachs and Morgan Stanley are acting as joint book-running managers. The notes are being offered under an effective shelf registration statement filed in March 2023.

INACTIVE