Benefits Analyst I

Benefits Analyst

Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world's most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise, you'll have the opportunity to do meaningful work, grow your career and make a real impact on people's health around the world. Together, we're improving health and improving lives.

Labcorp is seeking a Benefits Analyst to join our team at Durham, NC with the flexibility of a hybrid work schedule!

Job Responsibilities

Benefits Administration

• Serve as subject matter expert for benefit programs
• Administer health, welfare, retirement, and voluntary benefit programs
• Support HSA, FSA, commuter, COBRA, and wellness programs
• Resolve employee benefit inquiries through case management tools
• Partner with HR and internal teams to ensure smooth operations
• Assist with Annual Enrollment planning and execution, including testing, communications, and issue tracking

Compliance

• Ensure compliance with ERISA, IRS, DOL, ACA, HIPAA regulations
• Support Form 5500 filings, nondiscrimination testing, and required notices
• Participate in audits and maintain documentation
• Support Vendor Risk Assessments (VRAs)

Data, Reporting & Analysis

• Develop and maintain reports and dashboards
• Perform advanced Excel analysis (pivot tables, reconciliation, trends)
• Conduct payroll and benefits deduction audits
• Support benchmarking and survey submissions
• Drive process and operational improvements

HR Technology & Integrations

• Partner with HR Technology, Payroll, and vendors on integrations and data feeds
• Troubleshoot integration errors and data discrepancies
• Support system testing including annual enrollment
• Identify automation opportunities

Vendor Management

• Support vendor relationships and issue resolution
• Participate in vendor implementations and renewals
• Work with consultants and brokers on program delivery

Financial & Audit Support

• Support benefit funding and billing reconciliation
• Validate enrollment and eligibility accuracy
• Assist with retirement plan funding and reporting

Minimum Qualifications

• Bachelor's degree in HR, Business, Finance, or related field
• 3 or more years of benefits experience

Preferred Qualifications:

• 1 or more years' experience with Workday or similar HCM Systems
• 1 or more years' experience with benefits integrations
• 1 or more years' experience with ERISA, ACA, COBRA, IRS regulations

Additional Job Standards

• Critical thinking and sound judgment with ability to analyze and resolve problems.
• Highly effective written and verbal communication skills to interact with all levels of leadership,
• Ability to collaborate cross-functionally working with various internal and external partners
• High attention to detail
• Advanced Excel skills

The Benefits Analyst, U.S. is responsible for the administration, compliance, and continuous improvement of employee benefit programs, including health & welfare, retirement, and voluntary benefits. Partners with HR, Payroll, HR Technology and external vendors to ensure accurate delivery, regulatory compliance, and a high-quality employee experience. Supports data analysis, reporting, system integrations, and vendor management.

Applicants who live within 35 miles of either the Burlington, NC or Durham, NC location will follow a hybrid schedule. This schedule includes a minimum of three in-office days per week at an assigned location, either Burlington or Durham, supporting both collaboration and flexibility.

Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan. Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan. Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO. For more detailed information, please click here.

Labcorp is proud to be an Equal Opportunity Employer: Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.

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