Overview

Job Location:
Bedford, Massachusetts

The driving force behind our success has always been the people of AspenTech. What drives us, is our aspiration, our desire and ambition to keep pushing the envelope, overcoming any hurdle, challenging the status quo to continually find a better way. You will experience these qualities of passion, pride and aspiration in many ways — from a rich set of career development programs to support of community service projects to social events that foster fun and relationship building across our global community.

The Role

The Benefits Analyst is responsible for researching, analyzing, evaluating, and supporting the administration of U.S. health and welfare plans and 401(k) Retirement Plan and providing superior customer service to Aspen Technology employees. Assist with the implementation of new benefits plans, improve existing programs, and provide analytical support in the delivery of the benefit programs. This position assures compliance with the organization’s policies and practices and local, state, and federal laws and regulations. Supports the annual open enrollment process and serves as a contributor for specialized projects, supporting the Director, Global Benefits.

Your Impact

  • Research, analyze, evaluate, and administer corporate benefit plans and programs helping to eliminate risk and identify changes that will deliver competitive benefits at the best value
  • Monitor benefit trends in the business environment staying abreast of applicable benefits legislation
  • Lead the Open Enrollment process including working with AspenTech’s consultant on plan renewals, system updates required for plan and contribution changes, integrity of data feeds and carrier coordination
  • Ensure that all US Benefit policies, procedures and plan documentation are current and compliant
  • Oversee 401(k) Retirement Plan and enrollment administration ensuring fiduciary compliance; oversee annual plan audit
  • Develop and update employee communications materials, plan summaries, summary plan descriptions, brochures, and memos
  • Manage employee leaves through coordination with our third-party administrator
  • Consult with employees on questions pertaining to eligibility, plan provisions, claims and other benefit related information
  • Oversee preparation of Form 5500, Summary Annual Reports, and other federal and state annual compliance filings
  • Conduct data audits between HR, Vendors and Payroll regularly to ensure data integrity
  • Other projects as requested

What You’ll Need

  • Bachelor’s degree

  • 2-5 years of benefit plan administration experience

  • Demonstrated project and program management skills; strong planning, initiative, and resourcefulness with ability to manage multiple projects concurrently and quickly adapt to changes in direction

  • Strong attention to detail and accuracy

  • Experience with web-based enrollment and vendor and payroll integration with benefits system

  • Excellent listening, analytical & complex problem-solving skills

  • Strong communication and customer service skills are required

  • Flexible and proactive problem solver adept at achieving results in a team-oriented and collaborative environment

  • Excel and PowerPoint should be a strength; Access is a plus

  • Exceptional analytical abilities

  • Experience with Workday and SharePoint is a plus