Sr. Benefits Analyst II

GROW WITH US:

Tandem Diabetes Care creates new possibilities for people living with diabetes, their loved ones, and their healthcare providers through a positively different experience. We’d love for you to team up with us to “innovate every day,” put “people first,” and take a “no-shortcuts” approach that has propelled us to become a leader in the diabetes technology industry.

STAY AWESOME:

Tandem Diabetes Care is proud to manufacture and sell the t:slim X2 insulin pump with Control-IQ technology. We’re also so much more than that. Our company’s human-centered approach to design, development, and support delivers innovative products and services for people who use insulin. Since many of our own team members live with type 1 diabetes, or have a loved one impacted by diabetes, the work is personal, and we are committed to the cause. Learn more at tandemdiabetes.com.

A DAY IN THE LIFE:

Working closely with the Human Resources team, the Sr. Benefits Analyst II supports all company-wide health and welfare benefit plans and programs; domestic and internationally. Partnering closely with the Manager, Benefits, this role will be responsible for evaluating, administering and maintaining the Company’s self-funded health plans.

• Reviews and analyzes benefit plan renewals and assesses recommendations such as stop loss insurance, fees and the pharmacy benefit manager (PBM).
• Monitors claims experience throughout the year in preparation for annual renewal of all benefits.
• Prepares monthly aggregated reporting for broker on enrollment details, and fees and claims paid. Provides Finance team with similar reporting upon request.
• Manages the completion of claims audits every three years or as needed.
• Responsible for annual Affordable Care Act (ACA) reporting of Tandem’s health plans and health coverage. Ensures accurate and timely reporting is conducted to meet IRS requirements.
• Manages responsibilities associated with plan compliance and plan audit requirements with brokers/vendors, legislative, and regulatory compliance agencies
• Partners with the HR Benefits team and broker to ensure all benefit plan documents, summary plan descriptions, information brochures, and related materials are accurate, current and communicated on time for all benefits programs.
• Leads all plan audits, statutory filings, and discrimination testing with Plan Administrator. Ensures timely completion and submission of required reports and contracts, such as annual Form 5500, Non-Discrimination Testing (semi-annual) and Summary Annual Report.
• Participates in and provides insights and recommendations toward the development, design, implementation and communication of all employee benefit programs, including annual benefits renewal processes with broker and open enrollment program for employees.
• Leads in the planning and execution of benefits education activities and events, including but not limited to education sessions, email/newsletter correspondence, and knowledge base articles.
• Works closely with broker to conduct required trainings on HIPAA policies.
• Maintains employee benefit enrollment data within HRIS/benefits system; uploads benefit deduction data into HRIS as needed; audits benefit deductions and outbound benefit contributions to ensure accuracy with payroll processing (i.e. 401k, FSA, HSA).
• Monitors weekly error reports from carriers, interfacing with carrier and system contacts to resolve enrollment data issues.
• Conducts monthly billing reconciliation of all benefits plans to ensure appropriate billing per carrier contracts. Independently researches and investigates complex billing issues with insurance carrier/vendors.
• Maintains new hire benefits onboarding training and off boarding activities regarding separations and end of coverage/COBRA information.
• Introduces efficient and effective ways to address benefit questions and concerns. Works with broker team to address employee issues and leverages internal systems/technology to support employee benefit inquiries and employee self-service.
• Responsible for all COBRA and Flex Plan programs/processes via third party administrator(s).
• Provides guidance and assistance with leave programs including CFRA/FMLA/STD/LTD in accordance with State and Federal laws.
• Oversees a collection of projects to ensure they align with the department’s responsibilities sand goals.
• Ensures work is performed in compliance with company policies including Privacy/HIPAA and other regulatory, legal, and safety requirements.

YOU’RE AWESOME AT:

• Strong knowledge with COBRA, ERISA, HIPAA and FMLA/CFRA and related state and federal regulations.
• Experience administrating self-funded health plans preferred.<