Senior Benefits Specialist
Posted on :
10-10-2023
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
10-10-2023
Job Description
The Benefits Senior Specialist, provides subject matter expertise on all domestic and international employee benefits programs, processes, policies, vendors, and other initiatives that enhance the organization s ability to attract, retain and motivate a qualified workforce. The Senior Officer, Benefits works closely with the HR team and benefit brokers and insurance vendors in all aspects of domestic and international benefits management, including health, dental, vision, life/AD&D, voluntary life, FSA, executive benefits, retirement plans and participant-driven plans.
- Serves as a member of the Human Resources team collaborating on the development of HR activities, policies, strategy and annual departmental goals.
- Manages Domestic and Global benefit programs including design, compliance, communications, and administration for employee benefits programs, renewals, and open enrollments.
- Manages 403(b) retirement plans for US Domestic and global employees.
- Works with the Sr. HR Manager and brokers to evaluate and recommend changes to benefit programs maintaining a competitive posture in the marketplace.
- Advises HR Staff on benefit plans, policies and rules, and conduct research when necessary.
- Maintains compliance with ERISA, DOL and IRS in relation to all benefits plans.
- Ensures compliance for retirement plans, distributions are done in a timely matter, leads audits, and participates in the investment committee.
- Manages all domestic and global benefit inquiries and issues to ensure quick, equitable and courteous resolution.
- Orients HQ and Global staff to the benefits programs.
- Conducts periodic and ad-hoc benefit surveys, compile benefits-related statistics and census data, and summarize survey information to support benefits recommendations.
- Develops and provides detailed reports as required.
- Stays abreast of benefits best practices through participation in surveys, networking, and attending seminars.
- Participates in cross functional team meetings when a presence in a new country is being established.
- Develops benefit communications such as plan documents, plan changes, presentations and employee communication and notices.
- Partners with the finance/payroll team as appropriate on administration of benefit programs.
- Implements new and enhanced benefit programs to support the Total Rewards strategy.
- Assists benchmarking efforts by providing on-going analysis in support of determining market competitiveness of global benefit programs.
- Coordinates and supports the preparation of government filings such as Form 5500, Summary Annual Reports and Non-Discrimination testing; revises plan documents and SPDs in accordance with plan design changes and federal and state legislation.
- Manages the relationship with benefit vendors promptly addressing service issues.
- Running reports from Human Resources Information Systems (HRIS).
- Reconciling carrier invoices on a monthly basis and ensuring invoices are paid prior to carriers monthly due date.
- Preparing spreadsheets for reportable billing issues, including premium discrepancies, terminations and qualifying events.
- Performs complete audits of billings every six months.
- Identifying and reporting findings of benefit account variances, including enrollment and/or terminations
Requirements
- Bachelor s degree and 6+ years relevant experience or equivalent combination of education and experience.
Experience working in an international development organization.
Experience in HR focusing on benefits strategy, communication, implementation, and administration of plans.
Bachelor s degree and 6+ years relevant experience or equivalent combination of education and experience. Experience working in an international development organization. Experience in HR focusing on benefits strategy, communication, implementation, and administration of plans.
Employment Type
Full Time
Key Skills
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