What are the responsibilities and job description for the Benefits Analyst position at SMBC Group?
The anticipated salary range for this role is between $80,000.00 and $120,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Overview
The Benefits Analysts position assists the Benefits Team with near and long-term activity related to the research, analysis, design, operations, and project management of the US health and welfare and retirement benefits programs with a primary focus on daily operational oversight of all programs. This role has a significant amount of direct interaction with SMBC employees and assists in driving change and results that emphasize operational efficiency and controls.
Role Summary
- Function as a liaison between employees and benefits vendors, assisting in the coordination and administration of health and welfare and retirement benefits programs for SMBC and its affiliates.
- Serve as a liaison between employees and benefits vendors, addressing inquiries, resolving issues related to eligibility, coverage, and claims, and supporting onboarding and offboarding processes.
- Oversee the operational aspects of health and welfare programs, ensuring compliance with policies and procedures while supporting continuous improvements for efficiency.
- Administers and communicates SMBC's benefits programs, policies, and practices effectively and professionally.
- Assist with ongoing maintenance of the benefits technology platform.
- Ensures the timely processing of applicable benefits related invoices and reconciliation of employee contributions towards benefits with payroll deduction reports.
- Assists with the evaluation of current vendors and service providers and assists with RFPs.
- Maintains a broad understanding of SMBC’s business, business leaders and priorities.
- Completes special projects and ad-hoc analysis / reporting, as requested (examples : cost analysis; open enrollment planning; audit requests; data reconciliation).
- Ability to multitask in a high-volume work environment.
Qualifications
Work Experience
Education
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Salary : $80,000 - $120,000
