What are the responsibilities and job description for the Senior Benefits Consultant - Retirement position at Inova Health System?
Inova Health is looking for a dedicated Senior Benefits Consultant- Retirement to join the team. This role will be a remote, fulltime position from Monday - Friday, 8:00 a.m. - 5:00 p.m.
Inova is consistently ranked a national healthcare leader in safety, quality and patient experience. We are also proud to be consistently recognized as a top employer in both the D.C. metro area and the nation.
Featured Benefits:
- Committed to Team Member Health: offering medical, dental and vision coverage, and a robust team member wellness program.
- Retirement: Inova matches the first 5% of eligible contributions - starting on your first day.
- Tuition and Student Loan Assistance: offering up to $5,250 per year in education assistance and up to $10,000 for student loans.
- Mental Health Support: offering all Inova team members, their spouses/partners, and their children 25 mental health coaching or therapy sessions, per person, per year, at no cost.
- Work/Life Balance: offering paid time off, paid parental leave, flexible work schedules, and remote and hybrid career opportunities.
Senior Benefits Consultant- Retirement Job Responsibilities:
- Responsible for managing retirement programs to ensure Inova's benefits are market competitive and aligned to our talent strategy and team member experience.
- Manages qualified and non-qualified retirement plans (401(k), 403(b), 457(b), 457(f)) and oversees program financials, compliance, and vendor assessments.
- Collaborates with HR, Finance, and Payroll teams, as well as external vendors, to ensure seamless retirement program operations.
- Conducts audits, reconciles plan funding, authorizes payments, and resolves discrepancies in program data (e.g., contributions, vesting, eligibility).
- Develops and executes communication strategies to promote retirement plan education and participation among team members.
- Leads annual compliance initiatives, including ERISA audits, Form 5500 filings, non-discrimination testing, and policy updates in collaboration with ERISA counsel.
- Working knowledge and understanding of retirement plan administration and associated regulations and IRS tax rules.
- Builds and maintains strong vendor relationships to optimize employee experience and ensure cost-effective program management.
- Monitors retirement trends and legislation, assess impacts on existing plans, and recommends strategic changes.
- Prepares and presents metrics, reports, and analyses to senior leadership to guide decision-making.
Senior Benefits Consultant- Retirement Requirements:
- Education: Bachelor's degree
- Experience: Minimum of 5 years of benefits related experience
Senior Benefits Consultant- Retirement Preferred Qualifications:
- Bachelor's degree in Human Resource Management, Business Administration, Accounting, Finance preferred
- Proficiency with Microsoft Suite, Fidelity PSW and/or Oracle
- Experience in retirement program administration, including experience with retirement program compliance, vendor management, and employee communication.
- Experience in project management, including leading cross-functional teams and managing retirement program initiatives from conception to implementation.
- Excellent written and verbal communication skills, with the ability to effectively communicate complex retirement program concepts to employees at all levels.
- Professional certifications such as Certified Employee Benefits Specialist (CEBS), Certified Retirement Counselor (CRC), or similar credentials
This position is eligible for remote work for candidates residing in the following states - AL, AZ, DC, DE, FL, GA, KY, ME, MD, MO, NC, OH, PA, SC, TN, TX, UT, VA, WV.
As a recipient of federal financial assistance, Inova Health System (“Inova”) does not exclude, deny benefits to, or otherwise discriminate against any person on the basis of race, color, national origin, sex, sexual orientation, disability, or age in admission to, participation in, or receipt of the services or benefits under any of its programs or activities, whether carried out by Inova directly or through a contractor or any other entity with which Inova arranges to carry out its programs and activities.
This policy is in accordance with the provisions of Title VI of the Civil Rights Act of 1964, Section 504 of the Rehabilitation Act of 1973, the Age Discrimination Act of 1975, Section 1557 of the Affordable Care Act, and regulations of the U.S. Department of Health and Human Services issued pursuant to these statutes at 45 C.F.R. Parts 80, 84, 91 and 92, respectively.
Salary : $5,250
