Sr. Benefits Analyst

Company Overview

Sleep Number team members are part of a passionate, purpose-driven culture that supports improving the health and wellbeing of society through higher quality sleep. We are not just focused on our customers, however; being employed by Sleep Number means your personal wellbeing is important, too. As we continue to grow, we are looking for team members who will bring their unique personalities, backgrounds, and skills to work. Whether you are entering, returning, or experienced in the workforce, we have a place for you.

In our 35+ years in the industry we have improved over 13 million lives, and we are just getting started. With 5,000+ team members nationwide supporting work disciplines from technology to manufacturing, retail stores to field services technicians, corporate teams to customer service, we are a sleep innovation leader because of our team members. Now is a great time to join us as we invest further in our people and sleep innovation. #TeamSleepNumber

Position Purpose

Sleep Number is seeking a Sr. Benefits Analyst to join our Total Rewards team! This position will administer, process, and manage company health and welfare benefit and wellness programs while ensuring compliance with governing plan documents and benefit legislation. The Sr. Benefits Analyst operates as a liaison between vendors and employees and actively manages day-to-day vendor relationships, in addition to providing analytical and administrative support for compliance initiatives.

Primary Responsibilities

• Day-to-day vendor management and coordination, including resolution of escalated issues and problem cases
• Oversee compliance activity ensuring ACA, 5500s and nondiscrimination testing are completed accurately and timely, including the identification and correction of issues
• Ensure administration of plans complies with regulatory requirements, including HIPAA, ERISA, ACA, and Tax Code
• Administer health and welfare benefit plans including medical, dental, vision, life and disability insurance, FSAs, supplemental benefits, and COBRA

• Assist in the analysis, research, development and implementation of employee benefits programs to align with business objectives and total rewards strategy.
• Maintain applicable plan documents, summary plan descriptions, and other plan operational documentation and information

• Provide training and guidance to HR Operations to ensure team members are provided accurate responses to inquiries
• Provide technical research, plan interpretation and educational support to HR staff
• Review and coordinate team member communications such as annual enrollment materials, benefit newsletters and publications

• Identify opportunities to enhance benefit processes and procedures to improve department efficiencies and the team member experience
• Manage benefits open enrollment
• Audit benefits data, perform reconciliations, and coordinate benefits administration
• Collect and analyze statistical data, prepare HRIS reports, and complete surveys using various tools
• Conduct or contribute to special projects as requested or needed.?

Key Performance Indicators

• Benefit inquiry response times
• Accurate and timely processing of benefit data
• Plan compliance measurements
• Technical aptitude

• Ability to carry out assigned projects to completion

Position Requirements

• 5+ years progressive HR experience with expertise in benefits, administration, compliance and vendor relations
• B.A. or B.S. degree in business or human resources required or equivalent combination of education and work experience

Knowledge, skills & abilities

• Demonstrated ability to exercise independent judgement and initiative
• Thrives in an environment that requires flexibility and agility to pivot based on critical priorities
• Ability to organize and prioritize work, meet competing deadlines, handle multiple priorities and work independently
• Excellent oral and written communication, problem solving, critical thinking, presentation and influencing skills

• Vendor management skills
• Project management experience
• Demonstrated strong financial and data analysis skills
• Ability to maintain knowledge of current benefit related governmental regulations
• Demonstrates high empathy, respect and ability to maintains confidentiality

• Ability to synthesize information and draw out key themes, trends, and risks to develop recommendations
• Ability to develop trusting relationships with business leaders and cross-functional teams
• Skilled at framing issues around difficult topics; highly effective at communicating to a range of audiences

#LI-REM

Pay & Benefits

WELLBEING AT SLEEP NUMBER, WITH SLEEP AT THE CENTER

Improving the health and wellbeing of society through higher quality sleep starts with you. We strive to infuse wellbeing into all aspects of our culture championing your emotional, financial, career, community, and physical health.

By joining Team Sleep Number, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive wellbeing package including, but not limited to comprehensive health plan options, 401(k) Plan with discretionary company match, incentive eligibility paid time off and much more:

• A free Sleep Number 360?? Smart Bed for team members, and additional product discounts for friends and family throughout the year.
• Emotional wellbeing resources to help you balance life, such as free access to therapy, family care concierge and discounted childcare.
• Financial support when you need it the most - paid parental leave, time to recover from an illness or injury, and saving for lifes expected & unexpected adventures.
• Opportunities for connection in and outside of work through our Diversity, Equity & Inclusion Council, and volunteerism in our communities.
• Career development supported by our tuition reimbursement program. and continuous learning and development opportunities.
• Work for your day flexibility, available for select corporate roles.

Safety

Safety is a top priority for Sleep Number supporting customers and team members wellbeing. COVID-19 Precaution(s) are in place consistent with CDC guidelines, U.S. Department of Labor??s Occupational Health & Safety Administration (OSHA), and state/local laws.

EEO Statement

Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.

Americans with Disabilities Act (ADA)

It is Sleep Number??s policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.