Position Summary Position Summary:This position is responsible for supporting the Total Rewards department in a variety of initiatives with a particular focus on US benefit programs including Medical, Prescription Drug, Dental, Life Insurance, Disability Insurance, Paid Time Off and DB and DC Retir
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Benefits Analyst
Job Description:

Position Summary

Position Summary:

This position is responsible for supporting the Total Rewards department in a variety of initiatives with a particular focus on US benefit programs including Medical, Prescription Drug, Dental, Life Insurance, Disability Insurance, Paid Time Off and DB and DC Retirement Plans.

Scope/ Supervision and Interaction:

This position reports to the Manager, US Benefits & Retirement Plans, and will work collaboratively with the entire US Benefits Team, as well as collaborating on projects with the Compensation, HRIS & Mobility Teams. This position will interact with Human Resources, Legal, I/T, Audit, Finance/Accounting, Payroll, Corporate Communications and various external suppliers as needed to support compliance and administration. Has Direct Reports XDoes Not Have Direct Reports

Responsibilities

Essential Functions:

  • Work closely with the US benefits team to interact regularly with vendors, including plan administrators, auditors, actuaries, trustees, financial education provider, and any other vendor which may be required.
  • Perform periodic audits to ensure third-party calculations are accurate.
  • Assist with benefit plan escalations from HR and team members.
  • Interact with HR representatives from all US locations to support benefits activities.
  • Leverage analytical capability to identify trends, vendor billing concerns, and improvement opportunities.
  • Perform periodic reviews of employee data to ensure accuracy. 
  • Test and monitor third party systems, making recommendations for appropriate changes and enhancements.
  • Be able to realize and then escalate high priority issues to management in a timely manner.
  • Participate in a variety of special projects within other Total Rewards areas including Compensation, Mobility and HRIS as needed.

Qualifications

Qualifications:

  • Bachelor’s degree in Business, Accounting, HR or related field required.
  • 3+ years related experience with US Health, Insurance and Retirement Plans.
  • Outstanding analytical skills, comfortable working with large amounts of data and communicating data findings.
  • Expert level proficiency in Microsoft Excel
  • Working knowledge of HRIS and Payroll platforms; PeopleSoft and UKG experience is preferred.
  • Strong project management and organizational skills.
  • Demonstrate a strong working knowledge of US benefit plan design and cost drivers.
  • Ability to communicate effectively and establishing strong working relationships.
  • Ability to listen and use critical thinking to assess business needs and identify potential solutions.
  • Knowledge of and/or ability to interpret applicable laws and regulations to ensure compliance for all US programs.

Equal Employment Opportunity

Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law.  However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)

If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Know Your Rights: Workplace Discrimination is Illegal (eeoc.gov) and Genetic Information Discrimination

Company Details
Parker Aerospace
16666 Von Karman Boulevard
Irvine, California 92606 USA
www.parker.com
910 Open Jobs Available
Parker Aerospace is a global leader in flight control, hydraulic, fuel, and pneumatic systems and components for aerospace and other high-technology markets. Its products are used on aircraft manufactured throughout the world today including: Commercial...

Benefits:
Please Inquire
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Job Info
Location
CLEVELAND, Ohio, United States
Type
Permanent
Company Details
Parker Aerospace
16666 Von Karman Boulevard
Irvine, California 92606 USA
www.parker.com
910 Open Jobs Available
Parker Aerospace is a global leader in flight control, hydraulic, fuel, and pneumatic systems and components for aerospace and other high-technology markets. Its products are used on aircraft manufactured throughout the world today including: Commercial...

Benefits:
Please Inquire

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