The Benefits Senior Manager will be providing support for the Benefits Administration, Benefits Renewal Strategy and ensuring the successful completion of Open Enrollment process.
Duties and Responsibilities:
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With the direction from the Benefits Director, you will assist in the development and execute a comprehensive benefits strategy that aligns with the organization’s goals, culture, and budget which includes but not limited to; 401K, medical, dental, vision, life insurance, FMLA, and disability.
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Collaborate with HR senior leadership and the Benefits Committee to design and implement benefits programs that address the needs of our diverse workforce.
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Possess a superior technical knowledge of the workings of group insurance plans – plan documents, summary plan descriptions and other insurance mechanisms.
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Monitor the effectiveness and utilization of benefits programs, conducting regular audits and assessments to ensure compliance with legal and regulatory requirements.
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With assistance from brokers, you will coordinate health, dental, vision, life, and retirement insurance renewal process. Additionally, conducts market research and benchmarking to ensure our benefits offerings remain competitive and attractive to current and potential employees.
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Actively support the open enrollment process from finalizing the employee interface to advising the Shared Services team to reviewing communications
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Serve as the primary resource for the Shared Services team, addressing inquiries, resolving issues, and providing guidance on all benefits-related matters.
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Develop and implement effective communication strategies to educate employees about our benefits programs and drive engagement.
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Prepare and distribute benefits communications, including plan documents, summary plan descriptions and open enrollment materials.
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Collaborating closely with the HR Business Partners to socialize benefits programs and answer leadership and employee questions.
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Spearheads (internal and external) the implementation and communication of all new and health and welfare, retirement, and employee recognition programs.
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Engage in training and development of team members to enhance their expertise in benefits design and analysis and plan management and administration.
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Foster and support the development of team members through setting clear expectations, providing sufficient feedback, inspiring and empowering individuals to maximize their potential and/or drive for continuous growth through the achievement of individual and department goals and objectives.
Minimum Qualifications:
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Bachelor’s degree and 5-10 years of experience in Benefits Administration Management OR ten years in Benefits Administration Management.
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Prior experience working in a benefits department and health and wellness program development.
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Prior experience working with employee data and/or assisting employees with medical, dental, and other benefits questions.
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Experience working with a medical self-funded plan.
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Knowledgeable about principles, practices, and procedures of benefits administration.
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Experience with various retirement plan approaches including 401(k) and non-qualified plans.
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Intermediate Microsoft Office Suite knowledge.
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Experience with HRIS systems, Workday experience a plus.
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Strong oral and written communication.
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Must be willing to work a hybrid work schedule which consists to reporting to our 100 Church Street, NYC office on Tuesdays, Wednesdays & Thursdays.
Ability To:
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Quickly learn company’s working structure, culture, policies, and strategies.
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Partner with other functional areas to accomplish objectives.
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Read, interpret, analyze, and apply information.
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Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment.
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Communicate effectively, both orally and in writing at all levels of the organization.
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Ability to work effectively between and among departments and individuals.
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Establish and maintain effective working relationships across the organization.
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Work independently as well as collaboratively within a team environment.
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Articulate reasoning behind actions to Director and other management personnel.
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Provide a high level of customer service and drive customer service orientation to staff.
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Maintain strict confidentiality.
Compliance And Risk Management:
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Ensure compliance with all applicable laws and regulations related to employee benefits, including ACA, ERISA, HIPAA, and COBRA.
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Maintain up-to-date knowledge of legal requirements and monitor changes in legislation, making necessary adjustments to benefits programs and policies.
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Collaborate with legal and compliance teams to develop and maintain documentation and reporting necessary for audits and regulatory filings.
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Work closely with external auditors and consultants to ensure accurate and timely completion of benefits-related audits and filings.
Benefits Analytics and Reporting:
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Analyze benefits data and trends to evaluate the effectiveness of our programs and identify areas for improvement.
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Develop and maintain metrics and key performance indicators (KPIs) to measure the impact and value of benefits programs.
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Work with Accounting and Finance to develop and review the benefits budget on an ongoing basis.
Hiring Range*:
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Greater New York City Area (NY, NJ, CT residents): $122,900 – $188,020
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All Other Locations (within approved locations): $105,100 – $160,480
As a candidate for this position, your salary and related elements of compensation will be contingent upon your work experience, education, licenses and certifications, and any other factors Healthfirst deems pertinent to the hiring decision.
In addition to your salary, Healthfirst offers employees a full range of benefits such as, medical, dental and vision coverage, incentive and recognition programs, life insurance, and 401k contributions (all benefits are subject to eligibility requirements). Healthfirst believes in providing a competitive compensation and benefits package wherever its employees work and live.
- The hiring range is defined as the lowest and highest salaries that Healthfirst in “good faith” would pay to a new hire, or for a job promotion, or transfer into this role.
105100-160480