Benefits Data Analyst

Requisition ID
20-16331
Location
US-CA-Westlake Village
Position Type
Regular
Category
Human Resources
Education
Bachelor's Degree
Years of Experience
3

Overview

This position will be responsible for driving PennyMac’s benefits function:  performing extensive plan analysis, design, and modeling for all health and welfare benefits plans.  Develops proposals for new or modified employee benefits.  Oversees ongoing administration of existing plans.  Also responsible for all compliance-related activities (required audits and IRS filings) as well as managing all vendor relationships (examples include broker, insurance carriers, wellness, and 401k recordkeeper). 

Job Description

  • Work collaboratively with various stakeholders to evaluate current plans and/or design new plans
  • Recommends benefits programs to senior management by studying employee requirements and usage trends, and developments in benefits offered by competing organizations
  • Prepare and execute, with legal consultation, benefit documentation such as original and amended plan texts, agreements, and policies
  • Conduct research, analyze data and prepare recommendations requiring a broad understanding of benefit plans and practices
  • Prepares and leads annual open enrollment meetings, as well as any other necessary employee benefit meetings, i.e., plan design change announcements
  • Instruct broker representatives and other third-party administrators to effect approved plan changes
  • Conduct plan-related financial analyses and reconciliations
  • Prepare materials and analyses for quarterly Retirement Plan Committee meetings
  • Handle employee benefit inquires and complaints to ensure quick, equitable, courteous resolution
  • Supervise benefits record retention requirements, i.e., enrollment, life events, audit and IRS fillings
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following:

 

  • Bachelor's Degree from an accredited university or equivalent work experience preferred
  • Advanced skill set in Microsoft Excel; proficient in the rest of the MS Office Suite and general computer use
  • Experience with Tableau highly preferred
  • Advanced skills to analyze data and recognize opportunties to automate
  • Experience working with human resources data highly preferred
  • Ability to troubleshoot and problem solve indepently
  • Project Management experience
  • Must be a team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, mathematical skills and sound judgment
  • Financial Services and, if possible, mortgage industry experience preferred
  • Strong business acumen and ability to interface with executive management

Years of Experience:

3

Education:

Bachelor's Degree

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