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 must possess significant experience in US benefits administration within a fast-paced environment, with prior experience in high-growth tech companies. Required skills include Workday Benefits experience, advanced Google Sheets (or Excel with a willingness to learn Google Sheets) expertise for data manipulation, and some experience in international benefits administration. Strong written and verbal communication, interpersonal skills, attention to detail, time management, problem-solving abilities, vendor management skills, and the ability to foster relationships are essential. A flexible, growth mindset and comfort with ambiguity and change are also key.

Responsibilities

The Senior Benefits Specialist will lead benefits operations initiatives, optimize processes, and manage vendors to ensure the successful execution of the benefits program. Responsibilities include conducting new hire onboarding presentations and enrollments, managing vendor partnerships, resolving employee escalations and complex benefits issues, and acting as a liaison between employees and benefit providers. The role involves processing and maintaining benefits transactions in Workday, ensuring data integrity, reconciling enrollments with payroll deductions, and processing invoices. Additionally, the specialist will manage vendor performance against SLAs, assist with benefits integration for M&A activities, drive annual open enrollment planning and execution, and ensure compliance with federal, state, and local regulations, including ERISA, ACA, COBRA, and HIPAA.

Skills

Benefits Administration

Onboarding

Enrollment

Reporting

Vendor Management

Employee Escalations

Workday

Data Integrity

Reconciliation

Payroll Deductions

Mergers and Acquisitions

Communication

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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