Benefits Analyst - Onsite

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

The Benefits Analyst supports the administration and coordination of employee benefit programs, including health, dental, vision, life insurance, disability, retirement plans, and wellness initiatives. This role ensures accurate data management, billing, reconciliations, and provides operational support to both the benefits and leave teams. The Benefits Analyst plays a key role in maintaining compliance, enhancing employee experience, and ensuring the smooth execution of benefit-related processes.

Duties and Responsibilities

• Process all invoices related to benefits and leave of absence.
• Monthly vendor scorecard maintenance.
• Maintain monthly benefits reporting.
• Reconcile monthly benefit invoices and resolve discrepancies with carriers and vendors.
• Assist with annual open enrollment communications, system testing, and post-enrollment audits.
• Per pay period reconciliation with payroll to ensure accurate benefit deductions and adjustments.
• Support leave of absence specialists.
• Ensure compliance with federal and state regulations (HIPAA, COBRA, ACA, ERISA).
• Assist with wellness program coordination and employee engagement initiatives.
• Participate in audits and provide documentation as needed.
• Assist with employee questions regarding benefits as needed.
• Evaluate and analyze employee benefits programs to ensure they are effective, competitive, and compliant with regulations.
• Analyze the cost and effectiveness of various benefit plans.
• Performs related duties as assigned by management.

Qualifications and Education Requirements:

• Bachelor’s degree in human resources, Business Administration, or related field preferred.
• 2-4 years of experience in benefits administration or Human Resources Operations.

Skills, Abilities, and Knowledge:

• Proficiency in HRIS platforms (e.g., Workday, ADP, UKG, SAP SuccessFactors).
• Strong Excel skills: experience with reporting tools.
• Knowledge of benefits compliance and regulatory requirements.
• Excellent communication, organizational, and problem-solving skills.
• Ability to manage sensitive information with discretion and professionalism.
• Strong organization skills: ability to effectively prioritize workflow from multiple sources.
• Able to collaborate effectively with team and other departments as needed.
• Ability to multi-task, work with a sense of urgency and flex to the work style of others.
• High learning agility; strong initiative; self-starter with a positive attitude.
• Experience with benefit administration platforms; working knowledge of Workday preferred.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

• Adoption Assistance

• Tuition & Certification reimbursement

• Employee Mortgage Loan Program

• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

• Matching Gifts Program - dollar-for-dollar up to $1,000

• Access to grants, nonprofit resources, and volunteer opportunities

• More than $6,000,000 donated since 2020

• 1 in 5 employees participates in at least one Employee Resource Group (ERG)
  

Equal Employment Opportunity 

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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