Benefits Analyst

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TRCTalent is working alongside a growing wealth management firm that is seeking a full time Benefits Analyst role. This position offers the opportunity to manage a sophisticated, total rewards portfolio within a rapidly scaling environment that prioritizes immediate financial security and professional growth for over thousands of advisors and employees. This is a hybrid role, four days onsite.

The Benefits Analyst is responsible for the ongoing administration, optimization, and financial integrity of the company’s employee benefit programs. This role serves as a trusted subject-matter expert, partnering closely with vendors, Payroll, HRIS, Finance, and internal stakeholders to ensure benefit plans are administered accurately, compliantly, and cost-effectively.

This position leads complex operational work including vendor management, self-billed plan administration, invoice reconciliation, advanced functional Workday Benefits administration and design, and benefits-related data analysis, while providing escalation-level employee support.

Education Requirements:
Bachelor’s degree in Human Resources, Business, Finance or a related field preferred, high school diploma (or equivalent) in combination with significant practical experience will be considered in lieu of degree.  Minimum of high school diploma or equivalent is required.   

Responsibilities:
Benefits Administration Support
•   Serve as a primary administrator for health and welfare, retirement, and ancillary benefit plans.
•   Own benefit lifecycle events including eligibility, enrollments, status changes, terminations, and audits.
•   Configure, test, and maintain benefit plans within Workday Benefits, ensuring accurate rules, eligibility, and integrations.
•   Act as the escalation point for complex benefits issues and employee inquiries.

Vendor Management & Plan Administration
•   Manage day -to day relationships with benefit carriers, third-party administrators (TPAs), and brokers.
•   Lead vendor issue resolution, including eligibility discrepancies, billing errors, and service-level concerns.
•   Participate in vendor performance reviews and support renewals, plan changes, and implementations.
•   Coordinate and validate data exchanges between Workday, payroll, and benefit vendors.

Self-Billing, Invoicing & Financial Controls
•   Own monthly self-billed and fully insured carrier invoice reconciliation, ensuring accuracy of enrollments, premium rates, and employer/employee contributions.
•   Partner with Finance and Payroll to resolve billing discrepancies, benefits general ledger account analyses and ensure timely payment.
•   Track adjustments, credits, and retroactivity; document outcomes and maintain audit-ready records.
•   Support budgeting and cost analysis by identifying trends, variances, and potential risks.

Data Integrity, Audits & Compliance
•   Lead routine and ad-hoc audits across Workday, payroll, and vendor systems to ensure data accuracy.
•   Support compliance activities including ACA reporting, COBRA, 401(k) audits, nondiscrimination testing, and other regulatory requirements.
•   Maintain strong data governance and confidentiality standards.
•   Develop and maintain process documentation and controls to support internal and external audits.

Reporting & Analysis
•   Produce and analyze benefits-related reports for HR, Finance, and leadership using Workday and Excel.
•   Identify trends related to enrollment, utilization, costs, and employee experience.
•   Provide insights and recommendations to improve plan effectiveness, administrative efficiency, and employee understanding.

Cross-Functional Partnership & Process Improvement
•   Partner closely with Payroll, HRIS, Finance, and HR Business Partners to ensure seamless benefits operations.
•   Identify opportunities to streamline processes, improve data accuracy, and enhance employee experience.
•   Contribute to open enrollment strategy, testing, communications, and post-enrollment reconciliation.
•   May provide guidance or informal mentorship to Benefits Specialists.
•   May provide back up to Benefits Specialists during vacations and other project or out of office times for those functions.

Basic Requirements:
•   Bachelor’s degree in HR, business, or related field.
•   Experience in benefits with prior experience with demonstrated ownership of complex processes.
•   Direct experience managing vendor relationships, including carriers and TPAs.
•   Hands-on experience with self-billing and detailed invoice reconciliation.
•   Strong experience administering benefits in Workday Benefits (configuration, audits, reporting).
•   Advanced Excel skills (e.g., pivot tables, lookups, reconciliation analysis).
•   Strong analytical, problem-solving, and financial acumen.
•   Ability to manage multiple priorities with minimal oversight in a fast-paced environment.
•   Excellent written and verbal communication skills with the ability to explain complex topics clearly.

Preferred Qualifications
•   Experience supporting multi-state or large employee populations.
•   Experience with self-funded plans.
•   Exposure to benefits renewals, implementations, or M&A-related benefits transitions.
•   CBP, CEBS, or other relevant certifications (or willingness to pursue).

Company Description:
TRC Talent Solutions is proud to be an Equal Opportunity Employer (EOE). All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. At TRC, we take pride in fulfilling our opportunity to add value to our client's business as their staffing partner, while working tirelessly to connect thousands of individuals each year with work opportunities where they can meet the needs of their families and have the potential to build their careers.

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5 Questions You Should Ask During the Interview

Here are 5 questions we think you could ask during your interview. Use them as a guide to help you write your own questions.

Remember: Always have at least 5 questions prepared for the interview. If you do not, you run the risk of looking unprepared.

What does success look like in this role, and how is it measured?

Why ask this? You want to ensure you have a clear understanding of expectations before accepting the role. Knowing how success is measured helps you hit the ground running and avoid surprises about performance evaluations. It also signals to the employer that you're results-driven.

Can you describe the team dynamic and the company culture?

Why ask this? Skills and experience matter, but if the work environment isn’t a good fit, you won’t be happy or productive. This question helps you gauge whether the company values collaboration, how teams interact, and whether the culture aligns with your work style and values.

What are the biggest challenges facing the person in this role right now?

Why ask this? Every job has challenges, and it’s better to know them upfront. This helps you assess whether the role is a good fit for your strengths and whether the company is realistic about its expectations. If they hesitate to answer, it could be a red flag.

How does the company support work-life balance and employee well-being??

Why ask this? Burnout is real, and some companies expect employees to sacrifice personal time for the job. By asking this, you’ll get a sense of how they value work-life balance, flexibility, and well-being—things that are crucial for job satisfaction and long-term success.

These questions help you make an informed decision while also showing your professionalism and strategic thinking!

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