Benefits Administrator
4 days ago
CubeSmart is seeking a highly skilled Benefits Specialist to join our Human Resources team. As a key member of our team, you will be responsible for administering our health and welfare, 401(k) retirement, deferred compensation, and wellness programs.
Key Responsibilities- Administer CubeSmart's health and welfare, 401(k) retirement, deferred compensation, and wellness programs.
- Support long-term strategy to encourage consumerism and educate employees to spend healthcare dollars wisely.
- Support benefit renewal and planning by attending renewal meetings, preparing and analyzing reports, coordinating with benefits broker and vendors, and responding to requests for information.
- Coordinate open enrollment activities, including executing the communications plan, partnering with vendors to ensure benefits administration systems are set up, and reporting on completion and final plan statistics.
- Oversee completion of required legal filings and tests, including 5500s, SARs, nondiscrimination testing, state/local reporting, and other compliance regulations as assigned.
- Ensure compliance with Health Care Reform and other benefits-related laws, including modeling and analysis, employee communications and administration, and advising management of needed actions.
- Support the development and execution of all employee benefit communications, including open enrollment materials, intranet postings, required annual notices, wellness initiatives, and educational pieces, ensuring all benefits are effectively communicated to employees.
- Encourage participation and educate employees regarding innovative wellness programs. Analyze ROI regarding the programs and make recommendations for new programs that will more greatly benefit our employees.
- Conduct periodic audits of benefit plans to confirm accuracy of data.
- Work collaboratively across other departments, including Accounting and Payroll.
- Bachelor's Degree in Human Resources, Management, or related field.
- Minimum of 5 years' experience in Employee Benefit Plan Administration.
- PHR, CCP, CCB, or CEBS certification preferred.
- Solid understanding of benefit plan principles related to medical, dental, vision, disability, and life insurance, as well as 401(k) plan administration, healthcare reform, FMLA, HIPAA regulations, IRS rules and regulations, etc.
- Strong knowledge and experience managing 401(k) and deferred compensation plans.
- Strong quantitative and analytical skills.
- Strong aptitude towards efficiency, quality, and consistency, as well as a strong focus on customer service.
- Demonstrated track record of effective written and verbal communication skills.
- Knowledge of human resources, employment law, benefits, compensation, and retirement planning.
- Ability to handle confidential information.
- Skills in complex problem-solving, judgment, critical thinking, and decision-making.
- Strong computer skills, particularly in MS Office, and prior experience with HRIS systems.
- Ability to work with outside vendors (specifically insurance vendors/brokers, banks, and 401(k) administrators) and individuals in a professional, customer service-oriented manner.
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