Benefits Analyst

The Red Hat Global Benefits team is looking for a U.S. Benefits Analyst to join the Core People Solutions team. In this role, you will support strategy development, solutions implementation, vendor management, and program management activities for U.S. benefits with a focus on health and welfare programs as well as 401(k). You'll need to have effective communications, strategy, and project management experience along with knowledge of benefits program administration and delivery operations. As a U.S. Benefits Analyst, you’ll also need to have experience with both leading and working on changes in benefit plans, vendor and administration platforms, and guiding employee communications. You'll own compliance activities related to the focus areas for your position. Successful applicants must reside in a location suitable for hybrid work in the Raleigh, NC office.

What you will do:

• Perform program management and process oversight of the health and welfare (including Medical, Dental, Vision, FSA, QTE, HSA) programs

• Act as the lead analyst for Red Hat’s 401(k) plan, including managing plan administration activities and annual testing/regulatory filing requirements 

• Partner with members of the extended team, including the Payroll, Benefits Operations, and People (HR) Relations teams, for effective delivery of benefits with a focus on associate experience

• Collaborate on and share your current knowledge of benefits-related legislation, e.g. Affordable Care Act and health care reform, Employee Retirement Income Security Act (ERISA), Family and Medical Leave Act (FMLA), and Americans with Disabilities Act (ADA), state mandated leave of absence programs and SECURE 2.0 Act ; make recommendations for required policy or practice changes

• Partner with team members to plan and deliver annual U.S. open enrollment

• Supports/leads RFP process and implementations as necessary

• Collaborate on and provide subject matter guidance to associates and management on a variety of benefit matters

• Review and manage associate escalations for benefit programs

• Manage relationships with the benefits brokerage team, third-party benefit plan providers, and other external vendors

• Provide ongoing reporting to support Red Hat’s total rewards philosophy and talent strategy, using direct market analysis and benchmarking to identify trends

• Partner with internal communications to develop effective and culturally aligned benefit communications across benefit programs

• Produce and maintain documentation related to administrative benefit processes and policies

What you will bring:

• Bachelor’s degree or equivalent experience

• 5+ years of experience working in the development and leading administration of benefits programs

• Experience with leading day to day management of large-volume health and welfare and 40(k) benefit …