What are the responsibilities and job description for the Benefits Associate position at DTCC Candidate Experience Site?
Are you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Pay and Benefits:- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
We are looking for a Benefits Administration Specialist to handle daily benefits processes and vendor management for the US region. This role supports our business goals by ensuring our benefits programs are effective and attractive to top talent. If you have experience in benefits administration, strong organizational skills, and a knack for problem-solving, we would love to hear from you.
Your Primary Responsibilities:- Assists with the administration of benefits processes and programs to deliver benefits services to employees, while ensuring regulatory compliance, appropriate governance and risk management.
- Builds strong partnership and collaborates with all levels across the company to ensure benefits delivery, aligned with and support organizational business and HR strategies.
- Manages benefits vendor relationships in benefits administration and regulatory compliance.
- Ensures all payroll related transactions are reported to the payroll team in a timely manner.
- Reviews, reconciles, and processes monthly invoices to ensure accuracy and process payments timely.
- Communicates policies, practices and guidelines effectively to all levels of the organization including senior executives.
- Provides ongoing internal and external audit support by responding to requests and providing information on benefit processes and procedures.
- Manages the US leave of absence process (including payroll and HRIS reporting) and ensure appropriate and timely communications with internally and externally.
- Provides employee and People Manager with education and support through the leave process.
- Provides support to US retirement programs, including analyzing reports, fundings and handling participant inquiries as needed.
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications:- Bachelor's degree preferred with Masters or equivalent experience
- 5 years of benefits experience, multinational environment a plus.
- Must have strong health and welfare, and retirement benefit experience.
- Bachelor’s degree or equivalent experience.
- Knowledge of benefits practices and industry trends.
- Ability to prioritize under a tight timeline.
- Ability to manage vendor relationships, balancing good partnership and getting results.
- Ability to partner effectively across all levels of an organization.
- Strong data management and analytics, PC skills, including Excel, Word, etc.
- Strong understanding of Federal, State, and Local leaves.
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
