Analyst - Health & Welfare Benefits

At Lilly, we unite caring with discovery to make life better for people around the world. We are a global healthcare leader headquartered in Indianapolis, Indiana. Our employees around the world work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to our communities through philanthropy and volunteerism. We give our best effort to our work, and we put people first. We’re looking for people who are determined to make life better for people around the world.

Lilly’s employee benefits team is responsible for the strategic design and delivery of employee benefit programs and services. We actively engage in the external marketplace to ensure we are bringing innovative thought leadership to the benefits we design and deliver and the experience we create for our employees, retirees and families. We coordinate with multiple stakeholders internally including treasury, accounting, legal, privacy, and our technology partners. Externally, we manage relationships with service providers, actuaries, legal counsel, accounting firms, consulting partners, and regulatory agencies as applicable. As the complexity of Lilly’s business and the external market continue to evolve at a rapid pace, we are committed to working with agility, speed and with an innovative mindset to deliver affordable, compliant and best-in-class employee benefits and services for Team Lilly.

Position Responsibilities
We are seeking an individual that will serve as the data, reporting, and financial operations analyst for the administration of Lilly’s U.S. health and welfare benefits.

Key deliverables of the position include: Providing technical and financial support for the various company health and welfare benefit offerings; managing Health Savings Account (HSA) and Flexible Spending Arrangement (FSA) processes; ensuring accurate and compliant payments for the health and welfare plans; monitoring and reconciling key financial accounts; ensuring appropriate employee benefit deductions, providing accurate and timely health plan expense reporting including supporting financial audits of the benefits plans; supporting benefits projects and related technical activities.

Key Deliverables / Objectives
1. Serve as the financial and reporting subject matter expert for the health and welfare team. Leverage technologies including Workday, SAP, vendor systems, and Excel to compile and assess data.
2. Provide oversight for the FSA, commuter, and HSA activities. Ensure account activity is appropriately managed and tracked. Partner with the respective vendors to streamline activity and provide support to Lilly employees who experience issues.
3. Partner with Lilly Purchase to Pay organization to ensure that vendor payments to key benefits partners are made on time and in compliance with contractual terms. Payments will be accurately tracked and recorded to the appropriate accounts to ensure Lilly accounting requirements are satisfied.
4. Prepare monthly and ad hoc journal vouchers in support of health plan activities and reconcile associated financial accounts.
5. Maintain a strong relationship with the Lilly Payroll organization and ensure that employee deductions are appropriately calculated and recorded. Leverage financial expertise to react and respond to unusual situations that occur.
6. Serve as a primary contact for internal or external compliance audit requests related to the health and welfare plan financials. Periodically conduct data reviews and address concerns as appropriate.
7. Support standard monthly reporting needs as well as ad hoc information requests using internally developed reporting tools and external vendor databases. Proactively modify tools and account structure as new services, vendors, or company legal arrangements change.
8. Participate in projects, as applicable. Projects may include initiatives driven by fiduciary needs, compliance changes, M&A activities, corporate and HR objectives, and desired employee experience enhancements.

Basic Requirements

• Bachelor’s Degree in Accounting, Finance or related field.

• Qualified applicants must be authorized to work in the United States on a full-time basis. Lilly will not provide support for or sponsor work authorization and/or visas for this role.

• Mastery of Microsoft Office applications (Excel, Word, etc.)
• Advanced analytical skills
• Strong understanding of financial/accounting concepts
• Excellent verbal, written, and presentation skills
• Critical thinking and problem-solving skills
• Demonstration of curiosity and striving for continuous learning
• Strong customer-service mindset
• Understanding of human capital and enterprise management systems (e.g., Workday, SAP)

Other Information

Location: Lilly Corporate Center, Indianapolis, IN

#WeAreLilly

Lilly is dedicated to helping individuals with disabilities to actively engage in the workforce, ensuring equal opportunities when vying for positions. If you require accommodation to submit a resume for a position at Lilly, please complete the accommodation request form (https://careers.lilly.com/us/en/workplace-accommodation) for further assistance. Please note this is for individuals to request an accommodation as part of the application process and any other correspondence will not receive a response.

Lilly is proud to be an EEO Employer and does not discriminate on the basis of age, race, color, religion, gender identity, sex, gender expression, sexual orientation, genetic information, ancestry, national origin, protected veteran status, disability, or any other legally protected status.

Our employee resource groups (ERGs) offer strong support networks for their members and are open to all employees. Our current groups include: Africa, Middle East, Central Asia Network, Black Employees at Lilly, Chinese Culture Network, Japanese International Leadership Network (JILN), Lilly India Network, Organization of Latinx at Lilly (OLA), PRIDE (LGBTQ+ Allies), Veterans Leadership Network (VLN), Women’s Initiative for Leading at Lilly (WILL), enAble (for people with disabilities). Learn more about all of our groups.

Actual compensation will depend on a candidate’s education, experience, skills, and geographic location. The anticipated wage for this position is

Full-time equivalent employees also will be eligible for a company bonus (depending, in part, on company and individual performance). In addition, Lilly offers a comprehensive benefit program to eligible employees, including eligibility to participate in a company-sponsored 401(k); pension; vacation benefits; eligibility for medical, dental, vision and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; certain time off and leave of absence benefits; and well-being benefits (e.g., employee assistance program, fitness benefits, and employee clubs and activities).Lilly reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion and Lilly’s compensation practices and guidelines will apply regarding the details of any promotion or transfer of Lilly employees.

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