Benefits Analyst

Summary

Join Instacart's Benefits team as a Benefits Analyst and leverage cutting-edge AI and advanced analytics to redefine benefits administration. You will be a data storyteller, providing actionable insights on benefits plan performance, regulatory compliance, and strategic decisions. A key responsibility involves managing the company's 401(k) plan, ensuring compliance and delivering an exceptional participant experience. This role requires strong data analytics skills, 401(k) administration knowledge, and excellent communication abilities. The position offers a competitive salary, equity grants, and remote work flexibility. Instacart is committed to creating a supportive and thriving workplace.

Requirements

• Prior experience in data analytics with hands-on experience using AI and predictive tools
• Strong understanding of 401(k) plan administration, including compliance testing and audits
• Proficiency in creating clear, impactful data visualizations, dashboards, and reports
• Solid working knowledge of benefit regulations such as ERISA, ACA, and HIPAA
• Problem-solving skills with the ability to manage complex, detail-oriented tasks
• Excellent communication and collaboration skills to work effectively with internal teams and external vendors

Responsibilities

• Utilize AI platforms to analyze data from various benefits programs, identifying trends and communicating actionable insights to inform decision-making
• Create dashboards that track program utilization, employee engagement, and cost efficiency
• Leverage predictive analytics to assess risks, forecast needs, and optimize vendor performance
• Deliver analytics reports to stakeholders, offering insights on benefit trends and participation rates
• Complete annual compliance reporting requirements such as those related the Affordable Care Act and Section 125 Testing
• Implement automated solutions to improve operational efficiency in benefits reporting and compliance workflows
• Manage the daily administration of the company’s 401(k) plan, including annual testing, audits, and Open Enrollment events
• Collaborate with vendors and internal teams to ensure seamless participant experiences
• Monitor compliance with all relevant regulations through routine audits and vendor coordination
• Support annual 401(k) audit and 5500 filing
• Complete annual NDT testing requirements including True Up or ROE processing

Preferred Qualifications

• Certification in HR or Benefits Management (e.g., CEBS, SPHR, SHRM-CP)
• Experience managing and integrating benefits during mergers and acquisitions
• Prior success in using AI to optimize benefits operations and enhance outcomes
• Proven ability to navigate complex decision-making situations while maintaining compliance

Benefits

• Highly market-competitive compensation and benefits
• Remote work
• New hire equity grant
• Annual refresh grants