Benefits Manager

Overview

• Manage the design, implementation, and execution of comprehensive employee benefits programs aligning with organizational goals and employee satisfaction.
• Ensure compliance with federal and state laws, policies, and regulations concerning employee benefits administration.
• Collaborate with HR leadership to develop strategic benefit plans that align with financial capacity and market conditions.
• Provide leadership and development opportunities for benefits and HR staff to enhance performance and satisfaction.
• Monitor and evaluate the cost-effectiveness and employee satisfaction of benefit plans, recommending necessary adjustments.
• Manage vendor relationships to ensure cost efficiency and timely execution of benefit programs.
• Oversee open enrollment activities to ensure smooth operations and maximize employee awareness and satisfaction.
• Prepare and manage the annual fringe benefits budget, diagnosing and addressing budget overages.

Key Responsibilities & Duties

• Assist in the strategic design and implementation of benefit plans, ensuring alignment with organizational goals and employee needs.
• Develop and distribute clear and effective communications regarding benefit plans and changes to stakeholders.
• Monitor and analyze benefit plan effectiveness, recommending changes based on cost analysis and employee feedback.
• Evaluate plan renewals, review contracts, and negotiate terms to achieve optimal outcomes.
• Audit and test benefit department processes to ensure accuracy and compliance with regulations.
• Collaborate with HR leadership to prepare and manage the annual benefits budget, addressing any discrepancies.
• Ensure compliance with reporting, testing, and filing requirements of federal and state governments.
• Provide subject matter expertise and training opportunities for staff on complex benefits-related issues.

Job Requirements

• Bachelor's degree in a relevant field such as Human Resources or Business Administration.
• Minimum of 5 years of experience in benefits management or a related HR field.
• Strong organizational, communication, and problem-solving skills.
• Extensive experience managing vendor relationships and negotiating contracts.
• Knowledge of federal and state laws related to employee benefits administration.
• Proficiency in analyzing cost effectiveness and employee satisfaction metrics.
• Experience in preparing and managing budgets related to employee benefits.
• Ability to lead and develop HR staff to achieve higher performance levels.