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Benefits Manager

1 month ago

Minneapolis, Minnesota, United States Daikin Applied Full time
Make your mark at the world's largest HVAC company

Daikin Applied is seeking a Benefits Manager responsible for leading the operations, administration, and governance of all employee benefits programs, policies, and procedures. In this critical role, you would ensure programs are equitable, that they meet employee needs, comply with legal requirements, and are cost effective. You would also evaluate existing benefits programs against peer organizations to determine competitiveness, trends, and developments, and also ensure compliance with all legal requirements at federal, state, and local levels. Come be a part of an exciting journey at Daikin Applied, where innovation and excellence drive our every endeavor

Location: Hybrid - Plymouth, MN

What you will do:

* Leads the administration of US and Canadian benefit and retirement programs
* Ensures administrative and legal compliance with health, welfare, leave of absence, 401(k), nonqualified plans, deferred compensation, and retirement investments
* Works with broker on analysis of benefit plans and recommends plan design and vendor changes
* Manages benefit administrators responsible for the day-to-day administration of benefit programs, ensuring a high level of customer service and timely response to inquiries
* Oversees the process of benefit earning/deductions
* Implements new programs and processes
* Serves as a point of contact for benefit related questions; counsels employees to ensure understanding of all health and welfare benefit programs, policies, and eligibility
* Manages the 5500 filings and all benefit related audits and compliance requirements with plan amendments and plan documentation
* Responsible for coordinating benefit and retirement committee meetings
* Manages the annual open enrollment process working closely with Broker and outside vendors
* Leads benefit open enrollment meetings, assisting in developing presentation materials, and ensuring that all employee health and welfare enrollment elections are processed accurately in our HCM and vendor systems
* Monitors benefit administration system to ensure system is functioning as programmed; communicate with internal and external stakeholders to resolve benefit administration system issues; perform system testing for Annual Enrollment and other system updates
* Provides timely and accurate benefit reporting for internal and external partners

Minimum Qualifications

* Bachelor's degree in Business, Human Resources, or related field
* 5+ years benefits experience and/or training
* 401K experience
* Strong analytical skills and a thorough knowledge of plan designs
* Knowledge of federal and state legislation and regulations regarding health, welfare, and retirement benefits
* Advanced proficiency in MS Excel, pivot tables, data format/sort/filter, VLOOKUP
* Understanding and knowledge of retirement plans including 401(k) and deferred compensation plans
* Effective written and verbal communication skills; ability to communicate with individuals at various levels within the organization and with external vendors
* Time management skills; manage multiple tasks simultaneously, while completing work within allocated time frames

Preferred Qualifications

* International benefits administration and communication experience
* HRIS / Payroll systems knowledge, Workday preferred
* Merger, acquisition, and divestiture experience
* Certified Benefits Professional (CEBS/ CBP) designation