The Sr. Benefits Analyst will assist in the analysis and administration of the employee health benefit plans and programs. This position will support the planning, design, implementation, administration and evaluation of the health care plans, programs and related services.
Assist in the development and evaluation of health benefit plans, programs and related services to determine areas of opportunity or risk.
Research and prepare analyses of coverage, services, policies and procedures and recommend changes where appropriate.
Use data to monitor participation, utilization rates and trends on a regular basis. Identify problem areas in service delivery processes, troubleshoot issues and recommend solutions.
Ensure the timely completion and submission of required governmental and organizational reports.
Implement benefit plan changes and new programs.
Assist in the development of Request for Proposals and the evaluation of the RFP responses.
Assist in the development of vendor performance metrics, evaluation and quality improvement initiatives.
Create, maintain, and update documentation of process flows, administrative and standard operating procedures.
Create and review employee benefit communication materials.
Work with internal groups and vendors to support system testing, data interfaces in/out of the system, development of test plans, and the execution of plan changes and reporting.
Performs periodic system audits (weekly, monthly, quarterly and annual) of benefit plan enrollments, elections, payroll deductions and demographic data.
Administers the 401(k) and Deferred Compensation Plans including enrollment activity, terminations, plan changes, and communications to employees, to ensure compliance with IRS and DOL regulations.
Serves at the subject matter expert and point of contact for the 401(k) and Non-Qualified Deferred Comp plans.
Responsible for coordinating all recordkeeping, reporting, disclosure and compliance requirements including internal and external audits, testing ADP/ACP, 402(g) limits, 415 limits, etc;, preparing government reporting 5500s, etc.; maintaining HR SOX and SOC1 narratives; and obtaining, reviewing and editing necessary documentation for qualified plans' IRS and ERISA-mandated submissions and employee communications, including: Summary Annual Reports (SARs), Summary Plan Descriptions (SPDs), and Summary of Material Modifications (SMMs).
Processes QDROs, QNECs, and coordinates the response and resolution to participant questions on loans, hardship withdrawals and distribution issues.
Pro-actively maintains knowledge of government regulations to ensure plan and trust documents are kept compliant with regulatory changes in a timely manner.
Works closely with vendors to evaluate plan design, program development, market data analysis, investment performance, etc.
Serves as an ad-hoc member of the 401(k) Administrative Committee, responsible for meeting minutes and the documentation of investment reviews and decisions.
Bachelor's degree in Business Administration, Human Resources, or related field; or equivalent combination of education and experience
Minimum of 4-8 years' experience in benefits program management; benefit administration including vendor relationships and process and procedure development.
Demonstrated ability to lead projects from concept to implementation.
Experience at working both independently and in a team-oriented, collaborative environment.
Plans, organizes schedules in an efficient and productive manner.
Effective influencing, conflict management, and negotiation skills to interact with both internal and external contacts.
Highly effective written and oral communication skills.
Strong analytical and problem solving skills.
Strong MS Office
Temperature controlled working environment. Some outside activities may be required.
Typical office environment; may experience minor discomfort from extensive use of a computer display and keyboard; travel between buildings on campus and between campuses.
Some travel may be required.
Maintaining body equilibrium and agility to prevent falling when walking, standing, crouching, ascending or descending stairs.
Sitting, standing and walking for long periods of time.
Typing, punching or applying pressure to an object with fingers and palm.
Perceiving size, shape, temperature or texture by touching with the fingertips
Through the utilization of our multiple strategic international locations, Powell is focused on delivering superior value to its customers through a wide range of differentiated IEC and ANSI products and services. This offering is designed to satisfy the continuously-evolving requirements of the global market, across all industry sectors who use Powell equipment to safely and successfully power their operations:
Food and Beverage
Mining and Metals
Oil and Gas
Paper and Pulp
Power Generation and Distribution
Powered by Innovation
The electrical power industry is among the most safety-conscious groups in the world. Powell's core philosophy, to be Powered by Safety, ensures our products are designed to reinforce this position by supplying our customers with additional built-in safety features. Compared to our peers, we deliver the most value by developing products and systems that function at the highest degree of safety while providing the ultimate in skilled operation and design.
An Equal Opportunity Employer/Vet/Disability
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Powell Industries, Inc.