Benefits Analyst I

Overview

Labcorp is a global leader in laboratory services, providing insights and answers to help healthcare providers, patients, researchers, pharmaceutical companies and health systems make informed decisions and improve outcomes. Through science, data, technology and our laboratory network, we advance diagnostics, accelerate innovation and address important health challenges. With our global scale and deep expertise, you’ll have opportunities to do meaningful work, grow your career and make a real impact on people’s health around the world.

Labcorp is seeking a Benefits Analyst to join our team in Durham, NC with the flexibility of a hybrid work schedule.

• Serve as subject matter expert for benefit programs
• Administer health, welfare, retirement, and voluntary benefit programs
• Support HSA, FSA, commuter, COBRA, and wellness programs
• Resolve employee benefit inquiries through case management tools
• Partner with HR and internal teams to ensure smooth operations
• Assist with annual enrollment planning and execution, including testing, communications, and issue tracking

• Ensure compliance with ERISA, IRS, DOL, ACA, HIPAA regulations
• Support Form 5500 filings, nondiscrimination testing, and required notices
• Participate in audits and maintain documentation
• Support Vendor Risk Assessments (VRAs)

• Develop and maintain reports and dashboards
• Perform advanced Excel analysis (pivot tables, reconciliation, trends)
• Conduct payroll and benefits deduction audits
• Support benchmarking and survey submissions
• Drive process and operational improvements

• Partner with HR Technology, Payroll, and vendors on integrations and data feeds
• Troubleshoot integration errors and data discrepancies
• Support system testing including annual enrollment
• Identify automation opportunities

• Support vendor relationships and issue resolution
• Participate in vendor implementations and renewals
• Work with consultants and brokers on program delivery

• Support benefit funding and billing reconciliation
• Validate enrollment and eligibility accuracy
• Assist with retirement plan funding and reporting

• Bachelor’s degree in HR, Business, Finance, or related field
• 3 or more years of benefits experience

• 1 or more years’ experience with Workday or similar HCM systems
• 1 or more years’ experience with benefits integrations
• 1 or more years’ experience with ERISA, ACA, COBRA, IRS regulations

• Critical thinking and sound judgment with ability to analyze and resolve problems
• Highly effective written and verbal communication skills to interact with all levels of leadership
• Ability to collaborate cross-functionally with various internal and external partners
• High attention to detail
• Advanced Excel skills

The Benefits Analyst, U.S. is responsible for the administration, compliance, and continuous improvement of employee benefit programs, including health & welfare, retirement, and voluntary benefits. Partners with HR, Payroll, HR Technology and external vendors to ensure accurate delivery, regulatory compliance, and a high-quality employee experience. Supports data analysis, reporting, system integrations, and vendor management.

Applicants who live within 35 miles of either the Burlington, NC or Durham, NC location will follow a hybrid schedule. This schedule includes a minimum of three in-office days per week at an assigned location, either Burlington or Durham.

Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including:
Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan. Employees regularly scheduled to work less than 20 hours, casual, intern, and temporary employees are limited to the 401(k) plan. Employees on a 7 on/7 off schedule are eligible for all benefits except PTO or FTO.

Labcorp is an equal opportunity employer. We value inclusion and belonging in the workforce and do not tolerate harassment or discrimination. Qualified applicants will be considered without regard to race, religion, color, national origin, sex, family or parental status, marital status, sexual orientation, gender identity, gender expression, age, veteran status, disability, or genetic information. Applicants with arrest or conviction records will be considered in accordance with applicable law.

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