My client is seeking Contract Benefits Manager to will be responsible for the day-to-day oversight and administration of employee benefit programs.Client DetailsMy client is ranked among the world's largest asset managers.They are a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.Description
- Acts as Benefit Plan Administrator, responsible for the oversight and operations of all benefit programs and plans including health, retirement and leave programs; ensures compliance and effective operation of benefit vendors; reviews and authorizes monthly benefit expenses.
- Manages relationships with insurance carriers, benefits brokers, outside consultants, and auditors.
- Manages all leave programs (DBL, FML, NYPFL, Salary Continuation, Workers Comp) and draft policy revisions as needed.
- Participates on Retirement, Investment and Administration Governance Committees, preparing presentations, and organizing meetings.
- Works with Investment Advisor on execution of strategies approved by Retirement Committee.
- Manages projects relating to changes or modifications to existing benefits programs with a heavy emphasis on Retirement Benefits.
- Prepares 5500 forms and monitors plans for compliance; assists with Plan Document preparation, SPD preparation and Amendments to plans.
- May prepare annual Benefits Budget, while making recommendations for better cost controls, monitoring, and processes; works toward out-sourcing of appropriate tasks and transactions.
- Performs data analysis and data audits; writes and generates advanced reports.
- Processes monthly/biweekly/weekly/daily reports from the Human Resources system to ensure that enrollments/terminations/billing occurs on-time and accurately and that data is audited for compliance, completeness, and validity.
- Monitors regulatory trends in benefits and evaluates costs and alternatives.
- Plans and helps to implement open enrollment; is responsible for all system configuration changes due to plan changes.
- Identifies, develops, and executes effective benefits communication strategies, and implementation plans.
- Resolves employee questions and benefits inquiries by interpreting benefit policies and procedures.
- Executes Wellness program and strategy.
- Prepares and distributes benefit communications.Profile
- Minimum 5-7 years of Benefits or other relevant HR experience.
- Undergraduate degree, preferably with focus on business/human resources.
- Experience in financial services preferred.
- Experience working with Latin American and Canadian offices a plus, but not required.
- Demonstrated knowledge of federal and state regulations and ability to apply them to administration/compliance of plans, including FMLA, NYPFL, ACA, ERISA, COBRA, HIPAA, Social Security and DOL requirements.
- Demonstrated analytical and conceptual thinking capabilities.
- Strong negotiation and vendor management skills focusing on metric/SLA monitoring, issue management, calculation and process reviews, and employee escalation.
- Ability to both work autonomously with established practices and to work cooperatively with others.
- Clear and concise oral and written communication skills
- Ability to maintain an extremely high level of confidentiality.
- Ability to prepare and maintain accurate records using pertinent software applications.
- Solid MS Office (especially Excel) skills.
- Strong organization skills.Job Offer
- Competitive Pay
- Health Benefits
- Transit Benefits
- Opportunity to work for a Global Financial Services Company
- Hybrid Work Schedule MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.