Benefits Financial Analyst

Eversource will not offer immigration-related sponsorship for this position (e.g., H-1B, O-1, J-1, TN, E-3, etc.).  Applicants requiring visa sponsorship to start employment with Eversource will not be considered.

Eversource supports work-life balance by offering hybrid schedules for certain roles. Eligibility is based on job responsibilities, operational needs, nature of work and team dynamics. Current guidelines require employees to work at least three days in the office, including Tuesdays and Wednesdays, with the third day set by the employee and supervisor based on department needs. These guidelines apply to roles approved for remote work and are subject to change, based on managerial discretion and work performance. All applicants must be able to work up to five days in the office if needed (for example: emergencies, training, or other business needs) or should the policy change.

Reporting to the Manager of Benefits Strategy, our Benefits Analyst will be responsible for the research, analysis, evaluation and preparation of reports and documents in support of the Benefits Strategy team. Lead and coordinate annual ERISA plan audits and SOX controls for benefits programs (e.g., 401k Plan, DB pensions, health & welfare retiree trusts), ensuring compliance, strong internal controls, clean audit outcomes, and efficient stakeholder coordination across HR, Payroll, Finance, Legal, and external partners.

Essential Functions:

• Contributes to the completion of compliance activities including the annual benefit plan audit cycle, review of SOC-1 vendor reports. Documents, reviews and raises any concerns to key stakeholders.
• Serve as primary liaison to external auditors (financial statement and SOC report reviewers), works closely with auditors to provide financial and other data requests. Coordinate with functional areas to provide data requested by auditors.
• Reconcile pension payments and censuses as needed, oversee tie‑outs/reconciliations: census to payroll, payroll to recordkeeper, trust to GL, contributions/forfeitures/plan expenses. Document and implement new controls when applicable.
• Review draft financial statements and footnotes; validate disclosures align with plan document and operations.
• Work with external and internal parties to coordinate the documentation needed for 5500 filing (internal reporting, collecting Schedule As and Cs. File 5500 extensions for certain benefit plans).
• Drive resolution of audit findings; own remediation plans.
• Lead annual SOC 1/SOC 2 report review for all benefits-related vendors; perform complementary user entity controls (CUECs) mapping and evidence capture.
• Track bridge letters, penetration test summaries (where applicable), and cyber questionnaires as needed.
• Oversee SLAs, operational exceptions, and corrective action plans with vendors/recordkeepers/TPAs.
• Keeps current on emerging compliance related trends and requests (SOX, IRS) that could impact HR.
• Assistance with benefit plan bill payment approval.
• Performs financial and benchmarking analyses for benefits projects.
• Perform analysis of claims data as needed.
• Rate case analytical support.
• Other tasks or project as assigned by Benefits Manager.

Qualifications:

Technical Knowledge/Skill: 

• Knowledge of employee benefits (CEBS certification a plus)
• Knowledgeable in Accounting and Financial Systems
• Requires effective written and oral communication skills
• Ability to use PC desktop applications (e.g., Microsoft Word, Excel, and PowerPoint))
• Strong organizational skills

Education:    

• Bachelor’s Degree in Finance, Accounting, related discipline, or equivalent experience         

Experience:  

• Three (3) plus years related experience with exposure to or knowledge of Finance and employee benefits preferred.

#corpajd 

Competencies:

Build trusting relationships

Manage and develop people

Foster teamwork and cross-functional collaboration

Lead change

Communicate strategic vision

Create an engaged workforce

Focus on the customer

Take ownership & accountability

Compensation and Benefits:

Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive. The annual salary range for this position is:

Worker Type:

Number of Openings:

Emergency Response:

Responding to emergency situations to meet customers’ needs is part of every employee’s role. If employed, you will be given an Emergency Restoration assignment.  This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location. 

EEO Statement:

Eversource Energy is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status.

VEVRRA Federal Contractor