Benefits Compliance Analyst

Supports benefit plan compliance related to Federal and State regulations including, Affordable Care Act (ACA) COBRA and HIPAA.

This also includes supporting W2 reporting, HCR, RDS enrollment reporting, and ACA fee collection and remittance.

• Ensure monthly ACA regulatory requirements are met by monitoring enrollment records, employee PT / FT status, plan affordability and minimum coverage standards as required under the ACA.
• Supports all aspects of eligibility reporting in a timely and accurate manner for the Federal Government’s HHS regulatory requirements for : mandatory required coverage, benefit maximum waiting periods, and affordable coverage rules.
• Perform analysis and reconciliations of reports to identify possible discrepancies between the various systems used both internal / external to NJ TRANSIT.

Requires extensive interaction with internal and external stakeholders, and an outstanding knowledge of systems reporting.

• Orchestrate annual IRS reporting requirements associated with IRS 1095C and 1094C. Effort requires knowledge of systems requirements / plan eligibility rules and understanding ACA regulations.
• Supports financial control functions by processing benefit claims and administrative fees and tracks payments using spread sheets.
• Executes the monthly analysis of fringe benefit expenditures, annual and periodic cost data. Supports finance’s fiscal yearend close with reporting, data and financial analysis for GASB, OPEB, and Benefit Plan reserve calculations.
• Track and monitors Benefit provider’s performance guarantees, rebates, and discounts to ensure adherence per provider contract.
• Supports the maintenance of the HRMS Benefits module including, system upgrades, plan updates and ad hoc reporting as needed to support the department.
• Provide excellent Customer Service to internal and external customers.
• Additional duties as assigned.

Education, Experience, and Qualifications :

• Bachelor’s Degree in Business Administration or related area
• Three (3) years of Benefits analytical experience directly involved in Employee Benefits / Finance and database information systems
• Experience / understanding of Federal regulations related to Benefit Plan Administration including ACA, HIPAA, and COBRA ERISA.
• Strong working knowledge of Microsoft; Excel, Word, Access, PowerPoint. Working knowledge of computer IS / HRMS queries and ad hoc reporting.

At NJ Transit, you will enjoy a competitive salary and excellent benefits package :

• Comprehensive Family Health Insurance Medical, Prescription, Dental, Vision
• Flexible Spending Account
• Life Insurance
• Paid Leave
• Tuition Assistance
• Pre-Tax Commuter Benefits Plan
• Retirement Plans401(a) - Retirement plan with a 6% employer contribution401(k) - Retirement saving plan with up to an 3% company match457(b) - Deferred Savings Plan

At NJ TRANSIT, diversity and inclusivity are vital to our success as are committed to hiring individuals from diverse backgrounds, experiences, abilities, and veteran status.

As an Equal Opportunity Employer, we encourage all qualified applicants to apply and join our team.

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