Employee Benefits Specialist
2 weeks ago
Position Overview:
The Employee Benefits Specialist plays a crucial role in assessing, executing, and overseeing the organization's employee benefits initiatives. This position entails reviewing existing benefit offerings, suggesting enhancements, and ensuring adherence to all applicable laws and regulations. The Employee Benefits Specialist will collaborate closely with the HR department to deliver comprehensive and competitive benefits packages to employees while managing the daily operations of benefits programs.
Core Responsibilities:
- Management of Benefits Programs:
- Oversee the daily functions of employee benefits programs, which include health insurance, retirement plans, wellness initiatives, and other supplementary benefits.
- Facilitate and manage employee enrollments, modifications, and terminations within the benefits management system.
- Guarantee precise and prompt communication of benefits information to staff members.
- Data Evaluation & Reporting:
- Examine benefits data to assess the efficiency and cost-effectiveness of existing programs.
- Generate regular reports detailing benefit expenses, usage rates, and trends to support strategic decision-making.
- Track and report on employee benefits engagement and satisfaction levels.
- Regulatory Compliance Management:
- Ensure that benefits programs align with federal, state, and local laws and regulations, including ACA, ERISA, COBRA, HIPAA, and FMLA.
- Assist in audits and the submission of necessary compliance documents.
- Vendor Coordination:
- Act as a liaison with external benefits providers and vendors to ensure efficient service delivery.
- Support the selection and negotiation processes with benefits vendors to enhance service quality and cost-effectiveness.
- Employee Assistance:
- Offer guidance and support to employees regarding their benefits, addressing inquiries and resolving issues.
- Conduct informational sessions and orientations to educate employees about available benefits.
- Benefits Strategy Formulation:
- Work alongside the Benefits Manager and HR team to assess and design benefits packages that attract and retain high-caliber talent.
- Propose improvements or modifications to benefits programs based on trend analysis, benchmarking data, and employee feedback.
Qualifications:
- Education: Bachelor’s degree in Human Resources, Business Administration, Finance, or a related discipline.
- Experience: 3-4 years of experience in benefits administration or a comparable HR role.
- Skills:
- Strong analytical and problem-solving capabilities.
- Proficient in Microsoft Excel and other data analysis software.
- Exceptional communication skills, both written and verbal.
- Ability to manage multiple priorities and deadlines in a dynamic environment.
- Familiarity with HRIS systems and benefits administration tools.
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