Benefits Specialist job description

Insurance carriers hold about one in five of the jobs in the compensation, benefits, and job analysis specialist code, which is why benefits work often looks closer to plan administration than to HR. The job runs health, retirement, leave, and wellbeing plans: enrolling employees, handling vendors and brokers, reconciling invoices, answering the questions nobody wants to ask a manager, and carrying open enrollment. Pay in the code hit a median of $78,210 for May 2025, with management of companies paying $84,240 and insurance carriers $74,660. BLS counted 118,100 of these specialists in 2025 and puts the usual entry point at a bachelor's degree.