Benefits Analyst Salary in Chicago, Illinois

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Average Salary for Benefits Analyst in Chicago, Illinois

The average salary of a(n) Benefits Analyst in Chicago, Illinois is $72,066.

The average hourly rate of a(n) Benefits Analyst in Chicago, Illinois is $34.65.

The average bonus of a(n) Benefits Analyst in Chicago, Illinois is $2,537.00.

Job Description:

Assesses and gives advice to supervisors and managers on methods and approaches to resolving employee benefit problems. Performs administrative work involved in the benefit functions, and maintains related records. Ensures that programs are carried out in accordance with company's policies and procedures. Specializes in human resources at the professional level, and carries out responsibilities in benefits, administering and advising employees and management on the interpretation of benefit policies, programs, and procedures. Advises individuals regarding eligibility and coverage for such programs as health, dental, vision, group life, long- and short-term disability, retirement, income continuation, and other such policies. Ensures compliance with COBRA, HIPAA, and ERISA provisions, and files required State and Federal reports. Communicates provisions of benefit packages by way of benefit booklets, new employee orientations, and annual policy renewal meetings. May oversee preparation of annual employee census for basis of quotes from insurers and providers of benefits. May conduct research to determine the effectiveness of benefit programs and policies. May select or assist in selection of carriers based quotes, benefits offered, and previous experience. May evaluate and suggest changes in cost sharing between organization and employees. May have lead or professional responsibilities over lower level support and clerical personnel. Less

Assesses and gives advice to supervisors and managers on methods and approaches to resolving employee benefit problems. Performs administrative work involved in the benefit functions, and maintains related records. Ensures that programs are carried out in accordance with company's policies... More

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