Job Title Administrator – Benefits Finance & Accounting

Division: Human Resources

Location: Berkeley Heights, NJ 

Reports To: Benefits Director 

Who We Are: 

For more than a century, L’Oréal has devoted its energy, innovation, and scientific excellence solely to one business: Beauty. Our goal is to offer each and every person around the world the best of beauty in terms of quality, efficacy, safety, sincerity and responsibility to satisfy all beauty needs and desires in their infinite diversity.

At L’Oréal, Human Resources is an incubator of talent where we find, recruit, and develop brilliant minds around the world. We provide expertise on topics like organizational effectiveness, employee engagement, pay, HR advice, learning & development, well-being, and talent acquisition among others. Come join our dynamic team and help us elevate the employee journey!

What You Will Learn:

The Benefits Finance & Accounting Administrator plays a crucial role in ensuring accurate and timely financial management of the company's employee benefits programs. This position is responsible for processing and reconciling benefit invoices, funding requests, and premium payments. The administrator collaborates closely with internal stakeholders (Payroll, Accounting, Treasury) and external benefit vendors to maintain accurate financial records.

• Process and reconcile invoices from various benefit providers, ensuring accuracy and timely payment.
• Manage funding requests for various benefit programs, including health savings accounts, flexible spending accounts, and commuter benefits.
• Process premium payments to insurance carriers and other benefit vendors.
• Reconcile bank transactions related to benefit programs, identifying and resolving any discrepancies.
• Prepare journal entries and other accounting documentation related to benefit expenses.
• Assist with the preparation of benefit budgets and forecasts.
• Maintain accurate records of benefit plan enrollment and premium rates.
• Collaborate with internal stakeholders and external vendors to resolve billing issues and ensure smooth operation of benefit programs.
• Perform other duties as assigned.

What We Are Looking For:

Required Qualifications:

• Bachelor's degree in accounting, finance, or a related field preferred.
• Minimum of 2 years of experience in benefits administration, accounting or finance.
• Proficiency in Microsoft Excel.
• Excellent attention to detail and organizational skills.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills.

As an integral part of our culture at L’Oréal, wellness is at our core. We not only offer a generous Benefits Package (Medical, Dental, Vision, 401K), we also offer flexible time off, work from home days, and a pension plan! Additionally, you will have access to company perks such as Makeup, Skincare, and Fragrance! Employees receive a stipend for L'Oréal products as well as VIP Access to L’Oréal’s Internal Shop for Discounted Products, and other perks such as Monthly Mobile Allowance, discounted gym memberships, and ERGs.

Additional Benefits Information As Follows:

• Competitive Benefit Package (Medical, Dental, Vision, 401K, Pension Plan)  
• Hybrid Work Policy (3 Days in Office, 2 Days Work from Home) 
• Flexible Time Off (Paid Company Holidays, Paid Vacation, Vacation Buy Program, Volunteer Time, Summer Fridays & More!)  
• Access to Company Perks (VIP Access to L’Oréal’s Internal Shop for Discounted Products, Monthly Mobile Allowance)  
• Learning & Development Opportunities (Unlimited Access to E-learnings, Lunch & Learn Sessions, Mentorship Programs, & More!)  
• Employee Resource Groups (Think Tanks and Innovation Squads)  
• Access to Mental Health & Wellness Programs   

Don’t meet every single requirement? At L'Oréal, we are dedicated to building a diverse, inclusive, and innovative workplace. If you’re excited about this role but your past experience doesn’t align perfectly with the qualifications listed in the job description, we encourage you to apply anyways! You may just be the right candidate for this or other roles!

We are an Equal Opportunity Employer and take pride in a diverse environment. We would love to find out more about you as a candidate and do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability. You can request reasonable accommodations by contacting [email protected]. If you need assistance to accommodate a disability, you may request an accommodation at any time. 

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