Benefits Analyst

Company

About the Opportunity

The People, Culture + Wellness Department has an immediate opening for a Benefits Analyst, reporting to the Human Resources Manager.

The Benefits Analyst plays a critical role in supporting the design, administration, and continuous improvement of the Federal Reserve Bank’s health, welfare, and retirement benefit programs. This position combines analytical rigor, vendor and stakeholder management, and high‑impact communication to advance benefits strategy and deliver an exceptional participant experience across the System.

We’re looking for someone who:
• Demonstrates sound judgment, discretion, and a high degree of trustworthiness when managing confidential and sensitive information.
• Communicates clearly, confidently, and professionally with partners at all levels of the organization, including senior leaders, external vendors, and System colleagues.
• Brings strong analytical capabilities to evaluate program performance, conduct benchmarking, identify trends, and support strategic decision‑making.

What You Will Do:

• Conduct data analysis to measure plan performance, evaluate design changes, assess financial and participant impacts, and identify opportunities to improve efficiency, employee experience, and compliance.
• Respond to inquiries—including sensitive or escalated matters—from vendors, internal partners, and plan participants across the Federal Reserve System.
• Lead or contribute to cross‑functional projects with measurable outcomes, ensuring timely execution and alignment with System strategies.
• Research and synthesize industry best practices, regulatory developments, and emerging trends to inform recommendations for benefit program enhancements.
• Support the development and delivery of presentations, training, and communications for Reserve Bank partners, stakeholders, and plan participants.
• Serve as a primary liaison to third‑party administrators, insurers, and service providers, overseeing day‑to‑day service delivery and supporting vendor performance management activities.
• Act as back up point of contact for leave management and related activities.
• Maintain functional knowledge of regulatory requirements, compliance standards, and plan governance for System‑wide benefits programs.

Qualifications:

• Bachelor’s degree or equivalent experience required.
• Minimum of five years of benefits, HR, consulting, or related experience; advanced knowledge or certifications in employee benefits preferred.
• Demonstrated experience in vendor management, benefits administration, and data analytics strongly preferred.
• Strong interpersonal, written, and verbal communication skills, with the ability to explain complex concepts to diverse audiences.
• Proven ability to prioritize and manage multiple projects simultaneously in a fast‑paced, collaborative environment.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits
• Pension and 401(k) with employer match
• Paid time off
• Tuition reimbursement
• Paid volunteer leave
• Onsite amenities that make working here fun!

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
• If you need assistance or an accommodation due to a disability, please notify rich.recruit@rich.frb.org.
• Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.
• The hiring range at the Intermediate level is $73,000 - $99,000. The hiring range at the Senior level is $93,000 - $120,000.

• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
• Interested candidates are strongly encouraged to apply by July 31, 2026.  Applications are reviewed on a rolling basis.
• Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Full Time / Part Time

Regular / Temporary

Job Exempt (Yes / No)

Job Category

Work Shift

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

Privacy Notice