PRINCIPAL ACCOUNTABILITIES
- Manage all corporate benefit programs including plan design and administration, cost management, vendor and consultant management. Seek benefits that best match workforce needs and serve as retention tool for our Associates.
- Stay informed of regulatory changes to ensure plan compliance. Inform DVP of upcoming regulatory changes and plans for implementation. Keep abreast of changes in the industry in order to make plan enhancements aligned with the organization’s culture and are competitive for recruiting and retaining quality associates.
- Maintain benefit plans and processes in HRIS system, including system setup and configuration.
- Develop and run reports as needed to support budgeting, billing and eligibility audits. Complete data analysis as needed for cost projections.
- Manage Associate benefit communications so that Associates have access to comprehensive, accurate information that meets federal regulations, while leveraging the variety of communication channels that are available. Ensure required communications are provided in an accurate, timely manner.
- Ensure Plan Documents and Summary Plan Descriptions are updated and accessible via electronic and/or written media; make necessary amendments as needed.
- Complete annual benefit budget and update budget forecasts throughout the year, monitor expenses, and identify cost-effective alternatives when possible. *Review benefit plans regularly for cost/benefit analysis.
- Prepare reports for annual non-discrimination testing and assist with annual audits (internal and external).
- Partner with vendors to prepare and file annual form 5500 for both the health plans and 401K savings plan.
- Ensure that Associates benefit inquiries are addressed promptly and courteously. Manage the solution of associate benefit problems within plan document guidelines and regulations to ensure compliance.
SUPERVISORY RESPONSIBILITIES
This position has one direct report and will be responsible for the following:
- Accomplish department objectives by directing and monitoring the work progress of direct report.
- Provide coaching and guidance to direct report
- Set expectations, annual goals and provide required quarterly touch base meetings with direct report.
QUALIFICATIONS
- Bachelor’s degree in Human Resources, Business Administration, Finance or related area is required. CBP, PHR or SPHR preferred.
- Five to seven years of benefits management experience to include experience with self-funded benefit plans, 401K plans, and ancillary benefit plans is required.
- Previous supervisory experience preferred.
- Knowledge of ERISA, qualified and non-qualified benefit plans, health and welfare plans, HIPAA, 401(k) non-discrimination testing, and related IRS and DOL regulations required.
- Commitment to protect the confidentiality of associate and company information required.
- Strong teamwork and collaboration skills required.
- Strong decision making, analytical, problem-solving and negotiation skills required.
- Advanced Database, HRIS, and Microsoft Office skills required, along with knowledge of report-writing tools. Workday experience preferred.
- Strong communication skills with ability to interact, influence and align with all levels of the organization, both internal and external effectively.
- Ability to handle multiple tasks and projects at a time, prioritizing workload effectively.
- Hybrid schedule with predictable onsite attendance required three or more days per week to perform essential functions involving interactive behaviors with co-workers and managers, operation or manipulation of equipment and/or materials located only on site, and direct interaction with internal and/or external customers.