What are the responsibilities and job description for the Benefits Analyst position at Ineos Americas Llc?
Company :
INEOS Olefins & Polymers USA
Interested in joining a winning team? A team whose employees are empowered to make a difference?
Offer Range : $81,777- $102,221
Organizational context and job purpose
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It is comprised of 36 businesses each with a major chemical company heritage. Its production network spans 194 manufacturing facilities in 29 countries throughout the world. INEOS is a young company and has grown through a series of related acquisitions to become a leading chemical company with sales around $61 billion. INEOS USA has approximately 3,400 US employees and 400 retirees spread across 14 businesses.
How the Role Fits In :
Under the supervision of the Benefits Manager, the position of Benefits Analyst serves to operate the Health, Welfare, 401(k) and Pension benefit plans. Included are interactions with vendors, team members, employees, participants, and business HR teams. This role may also be called upon to assist others in the department.
Responsibilities AND Accountabilities
- Assist with administration of health, welfare, and retirement plans.
- Perform periodic audits of employee elections, deductions, and funding accounts.
- Compile and analyze vendor analytics for Plan due diligence.
- Troubleshoot and resolve employee, system, process, and integration issues with HR Systems and / or vendors.
- Maintain data integrity in systems by analyzing data and using various reporting and reconciling techniques.
- Create reports for ongoing benefits, HR, and business needs.
- Create requirements and test cases; complete test and rollout plans.
- Experience complying with various benefits-related regulations, including ERISA, COBRA, ACA, HIPAA, SECURE, and more.
- Complete processes and tasks related to benefits funding, 401(k) loans, non-discrimination testing, audits, reporting, reconciling, mailings, invoicing, and corrections in accordance with EPCRS.
- Assist with administration and funding of 401k and Section 125 plans.
- Support annual audits and 5500 preparations.
- Prepare files for Non-Discrimination Testing.
- Complete annual true-up processing including funding and reconciliation.
- Recommend solutions or alternate methods to meet requirements and / or resolve issues.
- Support annual open enrolment process.
- Assist with benchmarking best practices and monitoring market trends.
- Prepare and coordinate the development and distribution of required benefits communications, including Employee Benefits Handbook (SPD), Plan Documents, Benefits Guides, and Benefits Website updates.
- Document procedures while improving efficiency.
- Provide day-to-day support to HR and Payroll contacts across various INEOS businesses.
- Handle and resolve employee inquiries; escalate as necessary.
- Assist with coordination of communication across multiple benefit plans.
- Write, review, and proofread employee communications.
- Assist with ERISA and other benefits appeals.
- Support Benefits Manager and Director as needed.
Skills & Knowledge Required
Education / Experience
Skills / Competencies
regulations governing benefits plans.
PHYSICAL REQUIREMENTS
Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance. On our team, people are acknowledged for embracing new practices that help create real value for customers.
Salary : $81,777 - $102,221
