Retirement Benefit Specialist | HYBRID

Your career starts now. We’re looking for the next generation of health care leaders.

At AmeriHealth Caritas, we’re passionate about helping people get care, stay well and build healthy communities. As one of the nation's leaders in health care solutions, we offer our associates the opportunity to impact the lives of millions of people through our national footprint of products, services and award-winning programs. AmeriHealth Caritas is seeking talented, passionate individuals to join our team. Together we can build healthier communities. If you want to make a difference, we’d like to hear from you.

Headquartered in Newtown Square, AmeriHealth Caritas is a mission-driven organization with more than 30 years of experience. We deliver comprehensive, outcomes-driven care to those who need it most. We offer integrated managed care products, pharmaceutical benefit management and specialty pharmacy services, behavioral health services, and other administrative services.

Discover more about us at www.amerihealthcaritas.com.

Job Summary

The Retirement Benefits Specialist is responsible for the daily administration of the AmeriHealth Caritas Retirement Plans with a specific focus on data integrity. This position also handles the payments for all benefits to the vendors for the associate benefits plans. This position requires interaction with associates of all levels, former associates and retirees, Payroll, HRIS, the 401(k) and deferred compensation plan providers, the pension payor, actuaries, Legal, Treasury, and consultants. This position reports to the Benefits Manager.

Responsibilities:

• Responsible for the administration of the defined benefit Pension Plan utilizing the EEPoint System.
• Performs audits of the pension data contained in the EE Point system and monthly files to ensure data integrity.
• Meets with and counsels prospective retirees on their retirement options.
• Works directly with the Plan actuaries on complex pension calculations.
• Compiles retirement paperwork and forwards to retiree reviewing for accuracy of data.
• Enters paperwork to initiate pension payments directly in the pension payor’s system.
• Processes address changes, tax withholdings, death notifications, etc.
• Works directly with outside counsel on Qualified Domestic Relations Orders.
• Manages annual pension projects such as the Annual Funding Notice and Term Vested Statements.
• Coordinates with outside consultants on regulatory changes that may impact the plans and implements needed administrative changes to ensure compliance.
• Performs the data reconciliation for the annual pension valuation process.
• Collects data for the annual 401(k) and pension audits with internal and external auditors.
• Assists with the filings of Form 5500 filings for 401(k), pension and health and welfare plans, non-discrimination testing, and PBGC premium filings.
• Manages the bi-weekly file transmission process for the 401(k) and Deferred Compensation Plans.
• Validates bi-weekly changes report and works with Payroll to ensure compliance.
• Corrects errors as necessary, coordinating with Payroll and Empower.
• Works directly with Treasury to wire the bi-weekly funds to the 401(k) and Deferred Compensation Plans.
• Provides associate education, guidance, and problem resolution for related issues, including retiree consultation (health and life insurance, Medicare, 401(k), pension).
• Independently processes benefit premium payments.
• Reviews and reconciles invoices and runs self-bill calculations for premium payments to vendors on varying schedules such as weekly, bi-weekly, and monthly, depending on vendor requirements.
• Processes the wires for transmission totaling tens of millions of dollars on a monthly basis.
• Calculates and processes workers' compensation payments quarterly and on the needed schedules for the direct payments to the monopolistic state funds.
• Ensures the Benefits webpage is up to date for areas of responsibility.
• Works with HRIS, Corporate Systems, and Payroll as necessary to troubleshoot system and data integrity issues.
• Performs other duties as assigned.
  
  

Education/Experience:

• Bachelor’s Degree preferred or relevant work experience.
• Strong functional/technical skills with a working knowledge of ERISA, IRS laws and current regulations pertinent to retirement plans.
• Prior experience with 401k and pension administration is required.
• Prior experience with PeopleSoft is preferred.
• Strong analytical skills and expertise in data analysis.
• Excellent verbal, written, and interpersonal skills and communication skills to facilitate conversations with internal and external parties.
• Strong team player with demonstrated ability to interact effectively with all levels.
• Adherence to the highest levels of confidentiality and discretion.
  
  

NOTE: AmeriHealth Caritas utilizes a hybrid work environment with associates working from home two days a week and in the office three days a week. The functions of this position will be performed onsite at our offices located at 3875 West Chester Pike, Newtown Square, 19073

Diversity, Equity, and Inclusion

At Amerihealth Caritas, everyone can feel valued, supported, and comfortable to be themselves. Our commitment to equity means that all associates have a fair opportunity to achieve their full potential. We put these principles into action every day by acting with integrity and respect. We stand together to speak out against injustice and to break down barriers to support a more inclusive and equitable workplace. Celebrating and embracing the diverse thoughts and perspectives that make up our workforce means our company is more vibrant, innovative, and better able to support the people and communities we serve.

We keep our associates happy so they can focus on keeping our members healthy.

Our Comprehensive Benefits Package

Flexible work solutions including remote options, hybrid work schedules, Competitive pay, Paid time off including holidays and volunteer events, Health insurance coverage for you and your dependents on Day 1, 401(k) Tuition reimbursement and more.