Benefits Manager

4 weeks ago

South Bend, Indiana, United States 1st Source Full time
Job Summary

We are seeking a highly skilled Benefits Manager to join our team at 1st Source. The successful candidate will be responsible for managing the corporate benefit programs, policies, and procedures.

Key Responsibilities
  • Manage the corporate healthcare programs by reviewing and comparing healthcare plans to maintain an optimum medical, dental, disability, vision, and life plan for employees at an optimum cost.
  • Analyze and recommend plan changes, modifications, and/or outsourcing for cost effectiveness.
  • Oversee the administration of the COBRA, FMLA, Workers Compensation, Flexible Spending Account, and Section 125 plan.
  • Work with independent auditors and TPA's for the financial and 5500 reporting.
  • Manage the requirements of the 401K program by ensuring the Plan Document and SPD are in accordance with the guidelines set forth by ERISA, DOL, and the SEC.
  • Monitor daily to ensure the website, enrollments, loan requests, distributions are properly prepared and distributed.
  • Analyze the quarterly and annual compensation/payroll reports for computing employer contributions.
  • Ensure quarterly dividends are properly disbursed.
  • Prepare and submit the minutes of the quarterly Company Retirement Committee meetings. Report on the Plan's quarterly activities.
  • Work with independent auditors for the financial and 5500 reporting and the Plan record keepers.
  • Manage the Employee Stock Purchase Plan.
  • Oversee the Benefit Policies and Procedures.
Requirements
  • Five to eight years of related experience preferred.
  • Prior Human Resources or related field in Benefits (i.e., healthcare, 401(k), etc.) preferred.
  • Familiar with a variety of benefit concepts, practices, and procedures.
  • Ability to meet deadlines and work with no supervision; manages time for high productivity and allocates resources to match production needs.
  • Ability to be proactive, take initiative, and carefully monitor, follow through, and complete every project/responsibility.
  • Effective public speaking.
  • Superior business writing and proofreading skills.
  • Strong, well-honed reasoning and decision-making abilities.
  • Ability to protect the confidentiality/privacy of others, and of company documents and records.
  • Good PC skills--proficiency in Word and Excel essential.
  • Requires excellent oral, written, and presentation communications skills.
  • Requires proficiency with PC utilization and software.
Education

Bachelor's Degree required.

Travel Requirements

Ability to travel to all locations as well as ability to travel overnight, as needed for trainings, meetings, projects, etc.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand, and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

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