Senior Analyst - Benefits Operations

Petco Petco · Retail · SSC, NSC

This role is for a Senior Analyst in Benefits Operations at Petco, focusing on managing health & welfare benefits, including retirement programs, tuition reimbursement, and employee assistance programs. The position requires strong analytical and benefits expertise, compliance knowledge, data interpretation skills, and collaboration with internal stakeholders and external vendors to ensure benefits are cost-effective and aligned with the company's total rewards strategy.

What you'd actually do

  1. Position will have primary responsibility for supporting Petco’s health & welfare plans with a focus on managing the retirement programs, including analysis of Secure 2.0 impacts, and further developing the company’s tuition reimbursement, scholarship, and employee assistance programs.
  2. Create proactive robust audit practices and tools aligned to best practices. Lead compliance projects with vendor(s) for annual compliance testing, filings, reports, audits, and legally required participant communications.
  3. Develop and provide reporting and create executive dashboards of KPIs including plan enrollment, demographics, financial performance, utilization trends and cost drivers based on current and historical data.
  4. Evaluate benefit plan designs and create leadership recommendations for Petco’s 401(k) and deferred compensation plans, as well as health & welfare benefit plans. Use of financial and other data in flexible models to inform, advise and support your recommendations is critical.
  5. Foster robust wellbeing programs that connect the employee to the company and community, including playing a leadership role in the development and support of financial wellbeing initiatives.

Skills

Required

  • Strong analytical skills
  • Benefits expertise (medical, dental, vision, supplemental)
  • Retirement program management (401k, deferred compensation)
  • Data interpretation skills
  • HR knowledge
  • Excellent communication skills
  • Attention to detail
  • Ability to thrive in a fast-paced and dynamic environment
  • Understanding of health & welfare plans
  • Knowledge of Secure 2.0 impacts
  • Experience with tuition reimbursement, scholarship, and employee assistance programs
  • Audit practices and tools
  • Compliance projects and testing
  • Reporting and executive dashboard creation
  • Financial and data modeling
  • Wellbeing program development
  • Budget reconciliation
  • Process and procedure documentation
  • Understanding of Federal and State regulations affecting employee benefits

Nice to have

  • Vendor selection
  • Market analysis of benefits trends
  • Strategic discussion leadership
  • Stakeholder partnership building
  • Project management
  • Subject matter expertise

What the JD emphasized

  • primary responsibility for supporting Petco’s health & welfare plans
  • managing the retirement programs
  • analysis of Secure 2.0 impacts
  • develop and provide reporting
  • create executive dashboards of KPIs
  • Evaluate benefit plan designs
  • create leadership recommendations
  • Use of financial and other data in flexible models to inform, advise and support your recommendations is critical
  • Foster robust wellbeing programs
  • playing a leadership role in the development and support of financial wellbeing initiatives
  • Create a process for measuring and tracking plan performance
  • manage budget reconciliation
  • processing, overseeing and/or directing all financial payments related to plan expenses and obligations
  • Aligning benefit strategies with overall Total Rewards, HR, and business strategy and objectives.
  • Manage meetings where you describe, explain, and respond to questions concerning the financial performance and utilization of Petco’s benefit programs.
  • Stay current on changing Federal and State regulations and legislation that may affect employee benefits, particularly those related to 401(k) and deferred compensation plans.