Benefits Analyst Contractor
: Job Details :

Benefits Analyst ContractorJob Level: No Corporate TitleJob Function: Administrative SupportLocation:New York, NY, US, 10172Employment Type: Full TimeRequisition ID: 4408SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.The anticipated salary range for this role is between $38.00 and $50.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.OverviewThe Benefits Analysts position assists the Benefits Team with near and long-term activity related to the research, analysis, design, operations, and project management of the US health and welfare and retirement benefits programs with a primary focus on daily operational oversight of all programs. This role has a significant amount of direct interaction with SMBC employees and assists in driving change and results that emphasize operational efficiency and controls.Role Summary* Function as a liaison between employees and benefits vendors, assisting in the coordination and administration of health and welfare and retirement benefits programs for SMBC and its affiliates.* Serve as a liaison between employees and benefits vendors, addressing inquiries, resolving issues related to eligibility, coverage, and claims, and supporting onboarding and offboarding processes.* Oversee the operational aspects of health and welfare programs, ensuring compliance with policies and procedures while supporting continuous improvements for efficiency.* Administers and communicates SMBC's benefits programs, policies, and practices effectively and professionally.* Assist with ongoing maintenance of the benefits technology platform.* Ensures the timely processing of applicable benefits related invoices and reconciliation of employee contributions towards benefits with payroll deduction reports.* Assists with the evaluation of current vendors and service providers and assists with RFPs.* Maintains a broad understanding of SMBC's business, business leaders and priorities.* Completes special projects and ad-hoc analysis/reporting, as requested (examples: cost analysis; open enrollment planning; audit requests; data reconciliation).* Ability to multitask in a high-volume work environment.Qualifications* Experience with retirement benefits programs, including defined benefit plans and post-retirement health plans.* Experience with Benefitfocus and Kronos platform preferred.* Skilled in problem-solving, project management and communications, both verbal and written.* Understanding of best practices of employee benefits programs.* Knowledge of US employment laws, ACA, ERISA, FMLA, COBRA.* Direct experience in health and welfare and leave administration preferred.* Awareness of all applicable regulatory policies that may directly or indirectly affect current and/or contemplated employee benefits policies, programs, and practices.* Maintain current on subject matter expertise relating to employee benefits programs.* Full proficiency of the Microsoft Office suite required; intermediate to advanced level Excel required.* Demonstrates the highest standards of ethics, integrity, honesty, diversity, and discretion.* Proficiency in accounting practices and reconciling financial recordsWork Experience* Minimum of 5 years in a Benefits Analyst or Administrator role. This is a technically oriented position that requires relevant direct experience in health and welfare and retirement benefits programs.* Knowledge of basic HR processes, core benefits principles/practices, and overall solid business acumen.Education* Preferred: BA / BS (or equivalent experience)SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at ...@smbcgroup.com.Nearest Major Market: New York City