What are the responsibilities and job description for the Employee Benefits, Account Manager position at SIA Group, Inc.?
About Us: SIA Group has grown into one of the largest privately owned full-service insurance agencies in the United States. We are an award-winning firm and have been listed as a Top 100 Privately Held Property Casualty Agency by the Insurance Journal. Position Summary: As an Employee Benefits Consultant, you will provide expert advice and support to organizations in managing their employee benefits programs. You will work closely with clients to design, implement, and optimize benefits packages that align with their business goals and comply with regulatory requirements. Your role will involve analyzing existing benefits programs, recommending improvements, and ensuring the overall effectiveness and efficiency of employee benefit plans. Key Responsibilities: Client Consultation and Support:
- Collaborate with clients to understand their benefits needs, organizational goals, and employee demographics.
- Provide strategic advice on benefits plan design, including health insurance, retirement plans, and other employee perks.
- Develop and present customized recommendations for benefits packages that meet client needs and budget constraints.
- Analyze existing benefits programs to identify areas for improvement or enhancement.
- Design and implement new benefits programs, ensuring alignment with client objectives and compliance with regulations.
- Coordinate with insurance carriers, third-party administrators, and other vendors to implement benefits solutions.
- Stay updated on relevant laws and regulations related to employee benefits, including ERISA, ACA, COBRA, and HIPAA.
- Ensure client benefits programs comply with federal and state regulations and industry best practices.
- Assist clients in navigating compliance challenges and addressing any legal or regulatory issues.
- Conduct data analysis to evaluate the effectiveness of benefits programs and identify cost-saving opportunities.
- Prepare and present reports on benefits program performance, including cost analysis and employee satisfaction.
- Use data insights to make recommendations for optimizing benefits offerings.
- Develop and deliver employee communication materials and educational sessions regarding benefits programs.
- Address client inquiries and resolve issues related to benefits administration and employee concerns.
- Provide ongoing support to clients and their employees to enhance understanding and utilization of benefits.
- Stay informed about industry trends, emerging benefits practices, and competitive benchmarking.
- Conduct market research to identify new benefits, opportunities and innovative solutions.
- Share insights and recommendations with clients to keep their benefits programs competitive and attractive.
- Bachelor’s degree in Business Administration, Human Resources, Finance, or a related field; advanced degree or professional certification (e.g., CEBS, PHR/SPHR) preferred.
- Proven experience in employee benefits consulting, benefits administration, or a related field.
- Strong knowledge of benefits plan design, regulatory requirements, and industry best practices.
- Excellent analytical skills with the ability to interpret complex data and make strategic recommendations.
- Strong communication and presentation skills, with the ability to convey complex information clearly.
- Ability to build and maintain relationships with clients and vendors.
- Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word) and benefits management software.
- This role may involve occasional travel to client sites and industry events.
- Work is typically performed in an office setting, with options for remote work.
- Work/Life Balance
- 401k
- Health/Dental/Vision Insurance
- Pet Insurance
- Nurse Concierge
- EZ Access MD
- Generous PTO
- Wellness Resources
- Comprehensive benefits package including health insurance, retirement plans, and more.
- Ongoing training and professional development opportunities.
- Supportive work culture with opportunities for career advancement