Benefits Analyst II Hybrid

Job Summary

Benefits Analyst II, Full-time, Days (Hybrid).

Location:

Chicago, Illinois. Business Unit:
Northwestern Medicine Corporate. Job REQID 187247. Job Function:
Human Resources/Academy/Payroll. Shift: Day Job (1st). Type of Employment:
Full-Time. Salary range: $35.05 – $45.56 (Hourly Rate).

The Benefits Analyst II reflects the mission, vision, and values of Northwestern Medicine, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards. The Benefits Analyst II is a lead subject matter expert on organizational benefits providing design insight, research, analysis, and evaluation of programs to ensure optimal benefits programs and practices are in place.

• $10,000 Tuition Reimbursement per year ($5,700 part‑time)
• $10,000 Student Loan Repayment ($5,000 part‑time)
• $1,000 Professional Development per year ($500 part‑time)
• $250 Wellbeing Fund per year ($125 for part‑time)
• Matching 401(k)
• Excellent medical, dental and vision coverage
• Life insurance
• Annual Employee Salary Increase and Incentive Bonus
• Paid time off and Holiday pay

• Exercises significant discretion in interacting with all levels within the system to support benefit strategies, programs, and policies.
• Assists in designing, implementing and administering benefit programs across the system.
• Project manages systemwide benefits related projects including but limited to program roll outs, vendor RFP’s and vendor implementations.
• Evaluates new or special benefit programs as needed.
• Prepares reports and analyses to ensure equity and competitiveness of benefit programs.
• Conducts research and provides summary findings to leadership and stakeholders to help design and review current employee wellbeing programs.
• Independently consults with HR colleagues, leadership and employees in application of benefit practices. May provide instruction/training in a formal setting regarding benefit practices and procedures.
• Serves as departmental NMI/intranet content manager.
• Serves as the benefits systems expert, partnering with appropriate resources in the design and maintenance of the system.
• Maintains integrity of benefits data in People Soft.
• Evaluates proposed employee benefit contracts by studying provisions; estimating impact.
• Proactively identifies opportunities for operational improvement, including the development and execution of subsequent action plans and routine audits.
• Determines employee benefit practices by benchmarking best practices; researching industry and employment trends.
• Recommends employee benefit programs by examining, evaluating, and optimizing employee understanding, acceptance, and interests, costs, regulatory requirements, and competitive advantage.
• Remain proficient on legislative and IRS changes relative to plan regulations, procedure changes and mandated disclosures.
• Assist and/or complete tasks related to the transition of benefit plans for acquired or merged companies; including but not limited to: communications, compliance filings, adoption agreements/plan document changes and audits.
• Conduct training sessions including but not limited to New Employee or Physician Orientations, Open Enrollment Info Sessions, Department Meetings, integration educational sessions, and Lunch & Learns.
• Provide advice, guidance, and direction to HR Business Partners on benefit related issues/concerns.
• Provides backup support for Benefits Analyst I as needed
• Handles complex issues and problems; refers only the most complex issues to the higher level
• Assists in reviewing vendor contracts and performance guarantees
• Supervises vendor implementations, testing and data validation
• Provides coverage during manager’s absence

• Responsible for day‑to‑day administration of NM’s Health & Welfare and Retirement benefit programs, including but not limited to medical, dental, prescription, vision, FSA/HSA, reimbursable wellbeing fund, 401(k), 457(b), and frozen pension plans.
• Proficiency required of all benefit products including Health & Welfare and Retirement.
• Conduct periodic review…