What are the responsibilities and job description for the Employee Benefits Specialist position at Schaedler Yesco Distribution?
Join the Schaedler Yesco Distribution Team!
Why Youll Love Schaedler Yesco Distribution:
At Schaedler Yesco Distribution, weve been illuminating the electrical industry since 1924! As a family- and employee-owned company, we take pride in providing innovative solutions and exceptional customer service. With 29 locations across Pennsylvania, Ohio, and New York, we provide comprehensive solutions in lighting, datacomm, automation, and industrial services.
What Sets Us Apart are our Core Values:
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Commitment to Integrity
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Teamwork
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Accountability
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Profitability
Where we work hard and go home happy!
Electrifying Benefits:
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Health Coverage: Choose from 2 PPO options for Medical, Dental, Vision, and RXcoverage kicks in just 60 days after the 1st of the month.
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401K with company match.
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Flexible Spending Account (FSA) & Health Savings Account (HSA).
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Employee Stock Ownership Plan (ESOP): Become a stakeholder in our success!
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Quarterly bonuses.
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Company-paid disability and life insurance.
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Generous paid holidays and paid time off
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Opportunities for continuing education and professional development
Summary/ Objective:
The Employee Benefits Specialist position is responsible for administering the day-to-day operations of the organizations group benefits programs (group health, dental, vision, life insurance, flexible spending plan(s) & health savings plan, etc.). The person in this role continually investigates new benefits programs, improves existing programs, and monitors benefits administration.
Essential Functions:
- Research employee benefits plans and vendors to identify those that present the best value.
- Design, recommend and implement new benefits programs. Examine possible plan designs and benefits cost changes.
- Negotiate with vendors and administrators for best plans, options and rates.
- Serve as primary contact for plan vendors and third-party administrators.
- Coordinate transfer of data to external contacts for services, premiums and plan administration.
- Evaluate and revise internal processes to reduce costs and increase efficiency.
- Document and maintain administrative procedures for assigned benefits processes.
- Ensure compliance with applicable government regulations. Ensure timeliness and accuracy of required reporting and fees.
- Coordinate weekly benefits claims processing.
- Review Integrated Cost Management system (ICM) and identify cost containment strategies and solutions for both the member and employer
- Handle enrollments, COBRA, terminations, changes, beneficiaries, disability, accident and death claims
- Oversee maintenance of employee benefits files, maintain group benefits database and update employee payroll records.
- Gather employee data and oversee the processing of monthly billings
- Analyze current benefits, evaluating the use, services, coverage, effectiveness, cost, plan experience and competitive trends in benefits programs, and identify the company's stance.
- Perform plan audits.
- Survey industry trends. Complete benefits surveys and review information obtained from the results. Analyze complex benefits information. Forecast trends and assist with future benefits designs. Develop specific recommendations for review by management.
- Monitor administrative costs of benefits programs and recommend cost containment strategies, including alternative methods for administration and funding.
- Provide customer service support to internal and external customers. Develop communication tools to enhance understanding of the company's benefits package.
- Host bi-monthly health-care communication webinars to employees and families that highlight our benefits and cost containment tools
- Design and distribute materials for benefits orientations, open enrollment and summary plan descriptions. Provide training and support to group benefits associates, home office associates and the field staff.
Competencies:
- Computer proficiency and technical aptitude with the ability to use Microsoft products, including PowerPoint; experience with HRIS and benefits databases.
- Project and team management/leadership skills and experience.
- Proven ability to work effectively in a team environment with associates.
- Knowledge of benefits contract language.
- Knowledge of all pertinent federal and state regulations, filing and compliance requirements, both adopted and pending, affecting employee benefits programs, including the ACA, ERISA, COBRA, Section 125, Medicare, and Social Security and DOL requirements.
Supervisory Responsibility:
- This position is not a supervisory role and does not have any direct reports.
Work Environment:
This job operates primarily in an office setting. This position requires the use of standard office equipment such as computers, internet, smart phones, and photocopiers.
Mental Demands:
- Effective planning and priority setting. Ability to manage several complex projects simultaneously while working under pressure to meet deadlines.
- Strong analytical skills and a thorough knowledge of plan designs.
- Ability to understand, evaluate and make judgment on proposals (RFPs).
- Excellent communication and organization skills.
Physical Demands:
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at a time.
Travel:
Some overnight travel may be required, and the employee can reasonably expect on average 15% overnight travel to meet the demands of the position. Should travel be required a valid driver's license with a clean driving record is required for this position.
Clearances and Certifications:
- U.S. Citizenship or U.S. Permanent Resident status required.
- SHRM-CP or SHRM-SCP and CEBS professional designations preferred.
Education and Experience:
- Bachelor's degree in human resource management or related field, and three to five years of related benefits or employee benefits administration experience.
- Prior experience with Self-funded healthcare polices, required
- Experience working with HealthCare Captives and/or Consortiums, required
Additional Information:
Work Shift and Hours: Monday to Friday, either 8:00 AM to 5:00 PM or 7:30 AM to 4:30 PM. During open enrollment, this person will have to be more flexibility in the schedule. Hybrid schedule.
Other Duties:
*Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.