Benefits Analyst at Remitly

Dayton, Ohio, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Human ResourcesIndustries

Requirements

3+ years of benefits experience in Health & Welfare and/or Retirement plan administration
Prior experience with HRIS systems (Workday a plus), reporting and/or Payroll systems (Dayforce a plus)
Excellent organizational skills
Proficient in Microsoft office applications (Excel, PowerPoint, Word, etc.)
Strong written and oral communications skills
CEBS Designation is a plus

Responsibilities

Manage internal employee case management system: answer general participant inquiries, track issues and escalate to appropriate internal department or vendor to resolve
Support invoice tracking and processing of payments
Coordinate on-going updates to the benefit content on intranet and Third-Party Administrator (TPA) websites
Bi-Weekly Funding: Reconcile 401(k) and non-qualified plan contributions; prepare and submit wire requests to Finance and Treasury; maintain accurate internal records and dashboards
Non-Qualified Plan Funding: Reconcile and process monthly/semi-monthly SERP benefit payments
Demographic Data Review: Conduct bi-weekly and weekly reviews of demographic data; resolve discrepancies in collaboration with the recordkeeper, Payroll, and Workday teams
Quarterly Employment Data Reconciliation: Review and reconcile employment status data (e.g., rehires, terminations, expats/impats) between vendor and Workday reports; coordinate updates with relevant stakeholders
401(k) Loan Repayment Monitoring: Review vendor reports to identify missed repayments; notify active participants accordingly
Annual Audit Support: Assist the Senior Analyst in collecting and organizing documentation for annual plan audits
Annual Reporting: Track and fulfill employees’ requests for Summary Annual Reports and Annual Funding Notices
Customer Identification Process (CIP): Work with HSA TPA to ensure enrollments, contributions and refunds are processed timely and communicated to payroll and employees
Wellness Incentives: Monitor incentives paid for each payroll cycle
Weekly, monthly and annual auditing: Complete audits in HRIS system and with TPA to ensure data accuracy
Canada benefits administration: Ensure the weekly file is generated from the HRIS system and sent to benefit TPA. Research and correct any discrepancies
Unclaimed Funds Process: Complete the annual unclaimed funds process
Memorial Scholarship program: Administer our annual memorial scholarship program with our vendor, including all internal communications and coordination of program with vendor

Skills

Workday

HRIS

Payroll

401(k)

SERP

HSA

Reconciliation

Auditing

TPA

Invoice Processing

Benefits Administration

Remitly

International money transfer for immigrants

About Remitly

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Seattle, WashingtonHeadquarters

2011Year Founded

$423.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits

Risks

Swift's integration into banks' channels poses a competitive threat to Remitly.

AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.

Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

Differentiation

Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.

The company leverages technology for a seamless user experience via its app and website.

Remitly engages with immigrant communities through content and educational initiatives.

Upsides

Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.

AI agents in operations could reduce costs and improve Remitly's efficiency.

Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

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