Benefits Manager - Beacon Technologies
Chicago, IL
About the Job
Beacon Technologies is seeking a Benefits Manager for our client partner. This position will provide insight to the strategic design, implementation, communication, and administration of employee benefit programs to support the achievement of business initiatives and ensure compliance with legal and financial requirements. Build relationships with business partners and aid the business through analysis and guidance on benefit programs including health, welfare, and retirement benefits.
Primary Responsibilities:
- Ensure effective benefits program administration that supports a wellness culture and enhances the organization's ability to attract and retain employees.
- Develop and manage consistent application of policies and practices regarding ERISA self and fully funded health, welfare, and retirement benefit plan also including time off, leave of absence, and recognition policies.
- Research innovative initiatives by analyzing current information, benchmarking against competitors, and developing business cases for policy and design changes.
- Manages benefit projects, including new benefit program implementation, plan audits, and Request for Proposals.
- Oversees the open enrollment process, including data validation, system testing, process improvement, and communication plan.
- Research and analyze issues based on market information and contribute to the development of recommendations to resolve business issues.
- Develop and oversee vendor management strategy by defining requirements, refining and reviewing vendor contracts, and sharing knowledge with the team to ensure vendor relationships and resources align with benefits program needs.
- Proactively identifies and collaborates with internal and external stakeholders to identify and implement process improvements related to benefit offerings and administration.
- Lead benefits team by identifying developmental opportunities, providing candid, timely feedback, encouraging knowledge sharing, fostering collaboration, and guiding the team through process improvement and change to enhance professional development and team capability.
- Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs/costs, and properly accounting for expenses to meet requirements and achieve fiscal responsibility.
- Develop partnerships with Talent Acquisition, Payroll, Accounting, Legal, and global Rewards counterparts.
- Ensure completion of compliance-related matters, in partnership with internal and external vendors, including (but not limited to) completion of annual plan audits, non-discrimination testing, and 5500s.
Required Qualifications:
- Education: Bachelor's Degree or equivalent combination of education and work experience.
- Experience: 7 years relevant experience.
Preferred Competencies/Skills:
- Financial acumen and awareness of financial responsibility.
- Strategically partner with management and key stakeholders.
- Prioritize existing resource needs and ensure future resource availability for unforeseen circumstances.
- Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
- Assume a methodical approach to a given situation and develop a systematic procedure as a response.
- Identify measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system Understand and follow complex instructions relayed verbally and in writing.
- Utilize effective oral and written communication.
- Use relevant information and individual judgment to identify a need for change.
- Comprehend information and ideas presented in verbal and written formats.
- Manage expenditures to budget.
- Lead large-scale, complex projects.
- Adapt and be flexible in a complex changing environment.
Preferred Qualifications:
- Thorough understanding and working with state and federal regulations relating to benefit plans and all applicable laws relating to benefits administration (including COBRA, HIPAA, and ERISA).
- Experience communicating effectively with DOL and IRS.
- Demonstrated high level of experience and proficiency using automated systems to administer benefit programs, and strong working knowledge of current technologies.
- Demonstrated ability to create and deliver presentations to all levels of employees in a clear, compelling, and confident manner.
- Vendor management.
Licenses/Certifications:
- Certified Employee Benefits Specialist (CEBS)
- Senior Professional in Human Resources (SPHR)
- Professional in Human Resources (PHR)
Preferred Knowledge:
- US benefits laws and government regulations.
- Relevant trends and information within the industry.
- Medical plan metrics and benchmarking.
- Computer systems and software used in human resources.
About Beacon Technologies:
Are you looking to advance your career in information technology? Beacon Technologies offers career advancement opportunities, extensive training, and excellent benefits including paying for health and dental premiums for salaried employees. In addition to providing interesting opportunities, Beacon Technologies provides that old fashioned, personal touch, so you feel like a part of the Beacon team.
Beacon Technologies, Inc. is an equal employment opportunity employer with a functioning Affirmative Action Plan. It is the policy of Beacon Technologies, Inc. to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, marital status, citizenship, national origin, genetic information, ethnicity, ancestry, disability, medical condition, military and veteran status, or any other characteristic protected by law. Beacon Technologies, Inc. prohibits any such discrimination or harassment.
Source : Beacon Technologies
