Diamondback Energy

Benefits Analyst

Midland, TX

full_time

About This Job

CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.

The Benefits Analyst is responsible for administration of existing retiree plans from prior acquisitions, maintaining a centralized repository for document storage, and collaborating with the Benefits Manager to maintain Diamondback’s 401k Retirement Plan. This role requires a detail-oriented, self-motivated individual with strong analytical skills and exceptional customer services abilities.

Responsibilities

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Administer Pension Plan: Prepare annual audit, Funding Notice to participants, PBGC filing/payment, footnote disclosures, actuarial requests, address and withholding updates, process payments, etc.

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Administer Supplemental Executive Retirement Plan (SERP) payments to eligible participants.

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Administer Health Reimbursement Arrangement (HRA): Prepare annual audit, Federal/State Tax Returns, Quarterly Tax Payments, calculate annual benefits for Open Enrollment, process payments of trust expense, assist retirees with reimbursements, etc.

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Administer Retiree Life Insurance payments to eligible participants.

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Work closely with Benefits Manager to administer 401k Retirement Plan by ensuring all matters of compliance are being met, notices provided, documents filed, etc.

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Work with Benefits Manager and Legal to maintain centralized repository for document storage.

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Serve as a liaison between employees and benefit providers when necessary to resolve problems, answer questions, and provide additional information.

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Handle general queries and complaints on the phone, by email or in person when necessary, requiring a good understanding of company operations, policies, procedures, and personnel.

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Develop group benefits communication pieces when requested.

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Analyze and reconcile data to/from the Human Resources Information System (HRIS) to maintain data integrity across all benefit systems.

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Prepare reports from HRIS, as requested, and evaluate the integrity of the file.

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Provide customer service support to employees, internal, and external business partners via email, phone, and in-person.

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Assist with Open Enrollment process.

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Perform other duties as assigned.

Qualifications

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Bachelor's degree required.

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Exceptional customer service orientation.

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Highly proficient in Excel, Word, and PowerPoint.

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Ability to identify and resolve problems in a timely and efficient manner.

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Excellent communication skills, both oral and written.

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Effectively and efficiently managing confidential data.

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Ability to document and research complex topics and identify potential solutions to resolve employee benefit issues.

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Self-motivated with the ability to multi-task, prioritize effectively, be extremely organized, and meet deadlines.

Diamondback is an Equal Employment Opportunity Employer. Diamondback provides equal employment opportunities to all qualified applicants without regard to race, sex, sexual orientation, gender identity, national origin, color, age, religion, veteran or disability status, genetic information, pregnancy, or any other status protected by law. Diamondback participates in E-Verify. Learn more about E-Verify.

Benefits Analyst

About This Job

Qualifications

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