Senior Benefits Specialist - IN
Conducts advanced complex analyses of benefits programs in order to evaluate external competitiveness and legal compliance of the organization's benefit practices. Researches benefit plans and providers and makes recommendations. Develops benefit programs and may lead in the administration of programs. Reviews benefit costs to ensure compliance with company budget
Key Responsibilities
Carries out advanced complex analysis assignments involving the development, installation, and administration of benefit programs. Develops cost control procedures to assure maximum coverage at a minimum cost to organization and employee. Determines appropriate retirement plan offering including, Defined Contribution (IRA, 401k), Defined Benefit (Profit-Sharing, ESOP), or hybrid plans (Cash Balance, Pension Equity). Analyzes new and emerging benefits to meet the needs of a changing workforce, such as parental leave, child and elder care, long-term nursing home care insurance, employee assistance, wellness programs, or flexible benefits plans.
Produces annual benefit summaries for employees. Researches benefit plans and providers and makes recommendations. Coordinates with retirement and medical/dental insurance vendors. Compiles periodic and special reports on benefits matters for senior HR management. Audits effectiveness of benefit programs on a regular basis. Protects interests of employees in accordance with organization's policies and applicable pay laws and regulations. Remains current on all personnel policies, programs, and practices. Stays informed of new and pending laws and regulations.
Knowledge
Advanced knowledge of HR/personnel practices and principles, as well as labor and pay laws and regulations. Able to handle high level of confidentiality regarding employee information. Advanced planning, time management, communication, decision-making, presentation, organizational, and interpersonal skills. Ability to communicate technical information and ideas so others will understand. Ability to successfully work and promote inclusiveness in small groups. Ability to provide FANATICAL support
Experience
Usually requires 8-10 years of HR and benefits experience