Benefits Analyst - Sr

Requisition ID:  34331  

At Terumo Blood and Cell Technologies, our 7,000+ global associates proud to come to work each day, knowing that what we do impacts the lives of patients around the world. For Terumo, for Everyone, Everywhere.

We make medical devices and related products that are used to collect, separate, manufacture and process various components of blood and cells. With our innovative technologies and service offerings, we touch a patient’s life every second of every day and are committed to continuing to increase the number of patients we serve. Advancing healthcare with heart.

With some of the best and brightest minds in the industry, an unmatched global footprint, comprehensive benefits and a distinct culture, Terumo Blood and Cell Technologies is a great place to work, grow and be part of a team that is focused on making a difference. Join us and help shape wherever we go next. You create your future and ours.

JOB TITLE: Benefits Analyst Sr

JOB SUMMARY

The Senior Benefits Analyst is responsible for the design, administration, compliance, and analysis of U.S. employee benefit programs, including health and welfare plans, retirement plans, and leave programs. This role ensures that benefits offerings are competitive, cost-effective, and aligned with company strategy while maintaining compliance with federal and state regulations.

ESSENTIAL DUTIES

• Plan Administration:
• Manage day-to-day operations of health, welfare, and retirement plans (medical, dental, vision, life insurance, disability, 401(k), etc.).
• Serve as primary liaison with vendors and third-party administrators to resolve issues and ensure service quality.
• Compliance & Governance:
• Ensure compliance with ERISA, HIPAA, ACA, COBRA, FMLA, and other applicable laws and regulations.
• Prepare and review required filings (e.g., Form 5500) and assist with audits.
• Employee Support:
• Provide guidance to employees on benefits programs, policies, and procedures.
• Develop and deliver communication materials for annual enrollment and ongoing education.
• Data Analysis & Reporting:
• Analyze benefits utilization, costs, and trends; recommend plan design changes to optimize cost and employee experience.
• Prepare monthly, quarterly, and annual reports for leadership.
• Vendor Management:
• Monitor vendor performance and service-level agreements.
• Participate in vendor selection and renewal processes.
• Projects & Process Improvement:
• Lead or support benefits-related projects, including system implementations and process enhancements.
• Stay current on industry trends and legislative changes impacting benefits.

OTHER DUTIES AND RESPONSIBILITIES

- Passion for employee well-being and engagement.

- Ability to thrive in a dynamic, collaborative environment.

-Experience with HRIS and benefits administration platforms (SAP, etc.).

MINIMUM QUALIFICATION REQUIREMENTS

• Education: Bachelor’s degree in Human Resources, Business, or related field.
• Experience:
  • 5+ years of experience in U.S. benefits administration and compliance.
  • Strong knowledge of ERISA, ACA, HIPAA, COBRA, and retirement plan regulations.
• Skills:
  • Advanced Excel and data analysis skills.
  • Excellent communication and problem-solving abilities.
  • Ability to manage multiple priorities and work independently.

Certificates, Licenses, Registrations

CEBS or other benefits-related certification.

PHYSICAL REQUIREMENTS

Typical Office Environment requirements include: reading, speaking, hearing, close vision, traverse, bending, sitting, and occasional lifting up to 20 pounds.

Target Pay Range:  $78,200.00 to $97,700.00  -  Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data
Target Bonus on Base:  7.0%

At Terumo Blood and Cell Technologies, we provide competitive total reward offerings that consist of compensation, benefits, recognition, along with a wealth of other well-being, work-life and recognition programs which support in unlocking the potential for you and your family. Included in our expansive list of benefits offerings are multiple group medical, dental and vision plans, a robust wellness program, life insurance and disability coverages, also a variety of voluntary programs such as group accident, hospital indemnity, critical illness, pet insurance and much more. To help you save for retirement, we offer a 401(k) plan with a matching contribution and for work-life balance we have vacation and sick time programs for associates. For us, it’s about protecting the personal welfare of our associates and their families, helping to achieve personal goals and offering those extra touches for convenience, security and overall peace of mind.

• Terumo Blood and Cell Technologies is part of Terumo Group, founded in 1921 and headquartered in Tokyo, Japan.
• In 2019, Terumo Blood and Cell Technologies reached $1 billion in revenue.
• We employ nearly 7,000 associates globally, with global headquarters in Lakewood, CO, U.S., and regional headquarters in Brussels, Buenos Aires, Singapore and Tokyo.
• We manufacture devices, disposable sets and solutions at our facilities in Belgium, India, Japan, Northern Ireland, the U.S. and Vietnam. Our global presence enables us to serve customers in more than 130 countries.
• Our core values help set our direction, guide our actions and keep us true to our corporate mission of contributing to society through healthcare.
  • Respect – Appreciative of others
  • Integrity – Guided by our mission
  • Care – Empathetic to patients
  • Quality – Committed to excellence
  • Creativity – Striving for innovation
• We contribute to the Leukemia and Lymphoma Society (LLS), raising $1.3 million USD since 2007.

We are proud to be an Equal Opportunity Affirmative Action Employer.  All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, gender identity or expression, sexual orientation, marital status, order of protection status, national origin or ancestry, citizenship status, age, physical or mental disability unrelated to ability, military status or an unfavorable discharge from military service.

Terumo Blood and Cell Technologies is committed to providing a safe, healthy and secure working environment. Our Colorado campus locations are tobacco-free workplaces, and we maintain a drug-free workplace and perform pre-employment substance abuse testing and detailed background verification.