- Job Description
Senior Benefit Analyst
We are Lennar
Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by building quality homes and providing exceptional customer service, giving back to the communities in which we work and live in, and fostering a culture of opportunity and growth for our Associates throughout their career. Lennar has been recognized as a Fortune 500® company and consistently ranked among the top homebuilders in the United States.
Join a Company that Empowers you to Build your Future
The Senior Benefits Analyst is a highly skilled and detail-oriented team player who plays a critical, pivotal role in the management and administration of Associates’ 401(k) retirement program, compliance and benefit programs. This position will require exceptional attention to detail, organized, supports implementation of programs, and proficiency in Microsoft Office suite, especially Excel and PowerPoint among others. Reports into and supports the Senior Manager in researching and interpreting complex benefits data to support informed decision-making.
A career with purpose.
A career built on making dreams come true.
A career built on building zero defect homes, cost management, and adherence to schedules.
Your Responsibilities on the Team
401(k) Plan Administration:
Manage the day-to-day administration of the company’s 401(k) plan, ensuring compliance with IRS, ERISA, and DOL regulations.
Conduct regular plan audits, nondiscrimination testing, and ensure accurate reporting and timely filings (e.g., Form 5500).
Collaborate with the 401(k) provider, payroll, Workday and HR teams to resolve issues, manage contributions, and oversee loans and distributions.
Monitor and manage eligibility, enrollment processes, and employer match contributions.
Serve as the primary point of contact for Associates and vendors regarding 401(k) questions and escalations.
Manages vendor relationships, identifies program or process modifications, and implements improvements.
Compliance and Regulatory Oversight:
Identify potential compliance risks and implement proactive solutions.
Lead the preparation and response to audits, both internal and external.
Stay updated on relevant laws, regulations, and industry trends related to retirement plans and ensure the plan remains compliant.
Data Analysis and Reporting:
Analyze benefits data to identify trends, optimize plan design, and recommend improvements. Ensure the accuracy and integrity of benefits data by meticulously reviewing and reconciling data from different sources, resolving discrepancies as needed.
Prepare and present detailed reports on plan utilization, Associate participation, and financial performance metrics.
Provide insights into cost-effectiveness and benchmarking of 401(k) offerings against industry standards.
Utilize advanced Excel skills to collect, analyze, and interpret benefits data, identifying trends, patterns, and insights that contribute to the optimization of benefits offerings.
Represent the benefits department on the data stewardship council.
Strategic Planning and Communication:
Support strategic initiatives related to retirement benefits, including plan design enhancements and participant engagement strategies.
Develop educational materials and presentations to promote understanding and participation in the 401(k) plan.
Partner with HR, payroll, and vendors to streamline processes and improve Associate experience.
Create comprehensive reports and presentations using PowerPoint to communicate benefits-related information to various stakeholders, including senior management and associates.
Manage and administer the company's associates’ benefits programs, including health insurance, financial plans, wellness initiatives, and other related programs.
Required Skills and Qualifications:
Bachelor’s degree in human resources, Business Administration, Finance, or a related field. Relevant certifications (e.g., CEBS, PHR, SHRM-CP) are a plus.
Advanced proficiency in Excel, HRIS systems (e.g., Workday), and benefits management software.
Experience and Technical Expertise: In-depth knowledge of 401(k) plan rules, nondiscrimination testing, and regulatory compliance. A minimum of 3-5 years of experience in Defined Contribution 401(k) administration and general benefits administration, and data analysis.
Strong Excel Proficiency: Demonstrated expertise in Excel, including the ability to manipulate and analyze large datasets, create complex formulas, and generate meaningful visualizations.
Attention to Detail: Meticulous and thorough in reviewing data and documentation, with a commitment to maintaining the highest level of accuracy.
Communication Skills: Ability to explain complex benefits concepts to Associates and collaborate effectively with vendors and internal teams.
Problem-Solving: Proactive in identifying issues and developing solutions to ensure smooth plan operation.
Physical Requirements:
This is primarily a sedentary office position which requires the incumbent to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.
This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associates. Duties, responsibilities and activities may change at any time with or without notice.
Life at Lennar
At Lennar, we are committed to fostering a supportive and enriching environment for our Associates, offering a comprehensive array of benefits designed to enhance their well-being and professional growth. Our Associates have access to robust health insurance plans, including Medical, Dental, and Vision coverage, ensuring their health needs are well taken care of. Our 401(k) Retirement Plan, complete with a $1 for $1 Company Match up to 5%, helps secure their financial future, while Paid Parental Leave and an Associate Assistance Plan provide essential support during life's critical moments. To further support our Associates, we provide an Education Assistance Program and up to $30,000 in Adoption Assistance, underscoring our commitment to their diverse needs and aspirations. From the moment of hire, they can enjoy up to three weeks of vacation annually, alongside generous Holiday, Sick Leave, and Personal Day policies. Additionally, we offer a New Hire Referral Bonus Program, significant Home Purchase Discounts, and unique opportunities such as the Everyone’s Included Day. At Lennar, we believe in investing in our Associates, empowering them to thrive both personally and professionally. Lennar Associates will have access to these benefits as outlined by Lennar’s policies and applicable plan terms. Visit Lennartotalrewards.com to view our suite of benefits.
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Lennar is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws.