Senior Benefits Specialist

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BiotechnologyIndustries

Requirements

Candidates should possess significant experience in US benefits administration within a fast-paced, scaling technology company environment. A minimum of 2 years of hands-on experience managing complete benefits renewal cycles, including renewal planning, open enrollment execution, and post-enrollment reconciliation, is required. Proficiency in Workday Benefits and advanced Google Sheets or Excel expertise is necessary, along with some experience in international benefits administration. Strong written and verbal communication, interpersonal skills, attention to detail, accuracy, time management, and a collaborative, customer-centric approach are also essential.

Responsibilities

The Senior Benefits Specialist will lead key benefits operations initiatives, optimize processes, and manage vendors to ensure the successful execution of the benefits program. Responsibilities include performing new hire onboarding presentations and enrollments, assisting employees with complex benefits issues, and acting as a liaison between employees and benefit providers. The role involves managing vendor performance against SLAs, coordinating annual open enrollment, and ensuring all benefit plans comply with federal, state, and local regulations. This includes processing and maintaining benefits-related transactions in Workday, reconciling enrollments to payroll deductions, processing and reconciling benefits-related invoices, and assisting with benefits integration for mergers and acquisitions.

Skills

Benefits Administration

Vendor Management

Workday

Employee Onboarding

Enrollment Processing

Data Integrity

Payroll Reconciliation

Mergers and Acquisitions

Service Level Agreements (SLAs)

Marqeta

Card issuing and payment processing solutions

About Marqeta

Marqeta provides modern card issuing and payment processing solutions in the fintech sector. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs, such as expense management and consumer payments. The service operates through an open API, enabling clients to integrate Marqeta's capabilities into their own applications. This flexibility sets Marqeta apart from competitors, as it caters to a diverse range of clients, including financial institutions and tech companies. The company generates revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. Marqeta's ability to quickly adapt to the growing demand for digital payments, especially during the COVID-19 pandemic, has contributed to its significant presence in the market.

Oakland, CaliforniaHeadquarters

2010Year Founded

$526.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Medical, dental, & vision coverage

Flexible time off

Paid family leave

Pet insurance

401k match

Equity

Monthly stipends

Company recognition & awards

Employee Stock Purchase Program

Risks

Class action lawsuit may harm Marqeta's reputation and investor confidence.

Increased regulatory scrutiny could raise compliance costs for Marqeta.

EWA platforms might disrupt Marqeta's traditional card issuing model.

Differentiation

Marqeta's open API platform allows for highly customizable payment solutions.

The company operates in 40 countries, offering a global card issuing platform.

Marqeta's cloud-based infrastructure enables instant access to scalable payment systems.

Upsides

Partnership with Slope taps into the growing Buy Now, Pay Later market.

Demand for flexible working capital solutions boosts Marqeta's embedded finance offerings.

Smarter AI models enhance Marqeta's payment processing capabilities.

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