Design and implement innovative employee benefits offerings, conducting plan structure evaluations and cost-benefit analyses.
Lead negotiations with benefits providers to obtain favorable terms, rates, and plan options.
Act as the key liaison with insurance carriers and third-party administrators to manage plan relationships and resolve issues.
Oversee the exchange of benefits-related data with external vendors for services, premiums, and administration needs.
Evaluate and refine internal workflows to improve operational efficiency and reduce administrative expenses.
Maintain comprehensive records and documentation related to benefits procedures and ensure administrative consistency.
Ensure all benefits programs meet federal and state regulatory requirements, including timely filing and reporting.
Manage day-to-day administration of employee benefits, including enrollments, COBRA, terminations, changes, beneficiary updates, and various claims (eg, disability, accident, death).
Maintain accurate and up-to-date employee benefits records, ensure payroll integrations, and regularly update the benefits database.
Process monthly insurance invoices, reconcile billing discrepancies, prepare vouchers, and oversee administrative fee payments for all group plans.
Monitor and allocate group health and dental claim costs, preparing detailed monthly and quarterly reports.
Assess existing benefit plans for effectiveness, measuring employee utilization, provider performance, costs, and competitiveness in the marketplace.
Conduct internal audits and support actuarial reviews by compiling and analyzing necessary plan data.
Forecast future benefits expenditures, recommending strategic adjustments for both immediate and long-term needs.
Investigate market developments and benchmark trends, conducting employee surveys and utilizing findings to guide benefits strategy.
Track program expenses and identify cost-containment opportunities, recommending improvements to funding strategies.
Develop and manage the benefits budget, reconciling planned versus actual expenditures.
Deliver outstanding service to internal stakeholders, creating materials and resources that clearly communicate benefits offerings.
Coordinate and facilitate benefits education initiatives, including new hire orientations, open enrollment sessions, and training programs to ensure employee understanding and engagement.
Interested candidates please send resume in Word format Please reference job code 133981 when responding to this ad.