We are seeking a Senior Benefits Analyst to join our team at NOV. This role serves as a subject matter expert for benefits operations, analytics, compliance, and vendor performance. It is a critical link between our employee benefits strategy and its successful execution. As a subject matter expert, you will collaborate with internal and external partners to deliver health, welfare, retirement, and wellbeing programs that align with our business objectives and market competitiveness. Your expertise will be instrumental in ensuring compliance and managing vendor relationships. The position also leads complex benefits projects, including annual enrollment, vendor implementations, acquisitions and integrations, and process improvement initiatives.
Responsibilities- Administer and support U.S. and Global health, welfare, retirement, and wellbeing programs, ensuring regulatory compliance including ERISA, ACA, HIPAA, COBRA, FMLA, Section 125, Medicare Secondary Payer, and other applicable laws.
- Evaluate benefit program performance and recommend enhancements to meet business needs and market trends.
- Manage relationships with benefit vendors, monitor performance, and drive continuous improvement initiatives.
- Serve as the escalation point for complex employee benefit issues, collaborating with cross-functional teams for prompt resolution.
- Identify opportunities to automate processes, improve data quality, and enhance operational effectiveness through technology and process optimization.
- Lead annual enrollment, vendor implementations, and process improvement projects, developing comprehensive project plans and communication strategies.
- Develop employee communications and education materials to enhance understanding of benefit programs.
- Partner with HR Business Partners to ensure consistent benefits information delivery across the organization.
- Support HR technology initiatives, including HRIS and benefits administration platforms, and payroll integrations.
- Stay updated with legislative and regulatory changes, partnering with Legal and Compliance teams for implementation.
- Ensure accurate administration of benefit plans through effective oversight of internal processes and external vendors.
Qualifications
Bachelor’s degree in Human Resources or related field preferred; or equivalent combination of education and related work experience.
- Minimum of 8 years of progressive experience in employee benefits, preferably within a large, multi-location and global organization.
- Strong knowledge of U.S. health and welfare and retirement benefit programs.
- Demonstrated experience analyzing large datasets and translating findings into business recommendations.
- Advanced Microsoft Excel skills, including PivotTables, XLOOKUP, Power Query, and complex data analysis.
- Experience working with HRIS and benefits administration systems such as Oracle HCM, UKG, ADP, or similar platforms.
- Exceptional project management and organizational skills, demonstrating the ability to lead cross-functional benefits initiatives, manage competing priorities, and drive successful execution across multiple workstreams.
- Strong analytic skills with superior attention to detail and accuracy.
- Excellent written and verbal communication skills inclusive of developing presentations.
Preferred
- Experience with self-funded medical plans, pharmacy benefit management, stop-loss insurance, and vendor financial analysis.
- Experience supporting mergers, acquisitions, and organizational integrations.
- Experience working with global benefits and international HR teams.
- CEBS or CBP certification preferred.
Competencies
- Strategic and analytical thinking
- Financial and business acumen
- Data analysis and reporting
- Project leadership
- Vendor relationship management
- Continuous improvement and process optimization
- Customer focus
- Executive communication and presentation skills
- Collaboration and influence
- Sound judgment and decision making
- Integrity and confidentiality
Skills Required
- Minimum of 8 years progressive experience in employee benefits
- Strong knowledge of U.S. health, welfare, and retirement benefit programs and related laws (ERISA, ACA, HIPAA, COBRA, FMLA, Section 125, Medicare Secondary Payer)
- Demonstrated experience analyzing large datasets and translating findings into business recommendations
- Advanced Microsoft Excel skills, including PivotTables, XLOOKUP, Power Query, and complex data analysis
- Experience working with HRIS and benefits administration systems (Oracle HCM, UKG, ADP, or similar)
- Exceptional project management and organizational skills, including leading cross-functional benefits initiatives
- Strong analytical skills with superior attention to detail and accuracy
- Excellent written and verbal communication skills, including development of presentations and employee communications
- Bachelor's degree in Human Resources or related field preferred (or equivalent combination of education and experience)
- Experience with self-funded medical plans, PBM, stop-loss insurance, and vendor financial analysis
- Experience supporting mergers, acquisitions, and organizational integrations
- Experience working with global benefits and international HR teams
- CEBS or CBP certification
What We Do
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
