What are the responsibilities and job description for the Benefits Specialist position at The Lubrizol Corporation?
Job Title: Benefits Specialist
Job Location: Wickliffe, OH
Job type: Full-Time
Type of role: Hybrid
About Lubrizol
The Lubrizol Corporation, a Berkshire Hathaway company, is a specialty chemical company whose science delivers sustainable solutions to advance mobility, improve wellbeing and enhance modern life. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales, and technical offices around the world and has about 8,000 employees. For more information, visit www.Lubrizol.com.
We value diversity in professional backgrounds and life experiences. By enabling a consistent, unbiased, and transparent recruitment process, Lubrizol seeks to create a positive experience for candidates so we can get to know them at their best. We recognize unique work and life situations and offer flexibility, ensuring our employees feel engaged and fulfilled in every aspect of life.
Join Our Thriving Team at Lubrizol as a Benefits Specialist
Unleash Your Potential. At Lubrizol we're transforming the specialty chemical industry and looking for exceptional talent to join us on this journey. If you are ready to join an international company with talent around the world, and want to make a real impact, we want you on our team.
What You'll Do
As a Benefits Specialist, you’ll be at the forefront of our innovation, administering qualified US retirement programs, ensuring compliance of health and welfare plans, and overseeing vendor service quality. The Benefits Specialist will handle escalated employee and third-party inquiries and collaboration with vendors, including plan administrators and actuaries. Additional responsibilities include periodic reviews of third-party vendor calculations, processes, and communications. You'll collaborate with a diverse group of passionate individuals to deliver sustainable solutions to advance mobility, improve wellbeing and enhance modern life.
What We're Looking For
Ready for your next career step? Apply today and let's shape the future together!
It’s an exciting time to be part of Lubrizol. Lubrizol is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for Lubrizol but for those who count on us every day: our employees, customers and communities.
We work with a relentless commitment to operate safely and responsibly, keeping safety, sustainability, ethics, and compliance at the forefront of everything we do. The well-being of our employees, customers and communities is paramount to our culture and in the way we approach our work.
As a diverse, global team, we work together to solve some of the world’s most pressing challenges. We impact everyday lives through science only Lubrizol can deliver, and we never stop pushing to do it better.
One of the founding principles of The Lubrizol Corporation more than 90 years ago was treating every employee with dignity and respect. That same commitment is only stronger today.
More than that, we are committed to providing an environment where every employee can be the best they can be, no matter their race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other characteristic.
#LBZUS
Job Location: Wickliffe, OH
Job type: Full-Time
Type of role: Hybrid
About Lubrizol
The Lubrizol Corporation, a Berkshire Hathaway company, is a specialty chemical company whose science delivers sustainable solutions to advance mobility, improve wellbeing and enhance modern life. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales, and technical offices around the world and has about 8,000 employees. For more information, visit www.Lubrizol.com.
We value diversity in professional backgrounds and life experiences. By enabling a consistent, unbiased, and transparent recruitment process, Lubrizol seeks to create a positive experience for candidates so we can get to know them at their best. We recognize unique work and life situations and offer flexibility, ensuring our employees feel engaged and fulfilled in every aspect of life.
Join Our Thriving Team at Lubrizol as a Benefits Specialist
Unleash Your Potential. At Lubrizol we're transforming the specialty chemical industry and looking for exceptional talent to join us on this journey. If you are ready to join an international company with talent around the world, and want to make a real impact, we want you on our team.
What You'll Do
As a Benefits Specialist, you’ll be at the forefront of our innovation, administering qualified US retirement programs, ensuring compliance of health and welfare plans, and overseeing vendor service quality. The Benefits Specialist will handle escalated employee and third-party inquiries and collaboration with vendors, including plan administrators and actuaries. Additional responsibilities include periodic reviews of third-party vendor calculations, processes, and communications. You'll collaborate with a diverse group of passionate individuals to deliver sustainable solutions to advance mobility, improve wellbeing and enhance modern life.
What We're Looking For
- Serves as the contact for employee and third-party escalated issues and inquiries; escalates high-priority issues to management promptly.
- Monitors and ensures compliance with government laws, regulations, plan documents, and summary plan descriptions. Identifies potential compliance risks and develops solutions.
- Works closely with benefit plan vendors, including plan administrators, actuaries, trustees, and advisors.
- Works closely with procurement partners to ensure compliance with procurement processes and PO processes.
- Conducts periodic audits to ensure the accuracy of third-party calculations and data.
- Prepares for year-end/annual processing and reporting, including system preparation, reporting, analysis, and execution. This includes Form 5500 & 8955-SSA reviews, financial statement preparation, and coordination with external auditors.
- Manages project related to annual enrollment including communications and system set-up and testing.
- Ensures accurate funding for benefit plans and assists Finance partners with budgeting and reporting on a monthly, quarterly, and annual basis.
- Works collaboratively with other internal departments (e.g., Leveraged Services, Legal, Payroll) to execute administrative benefit matters.
- Data management lead including tracking plan and program costs, performing audits, and participating in benefit surveys
- Oversees and maintains complete and accurate employee benefit records, manages related audits, and handles escalations from Leveraged Services issues.
- Maintains knowledge of and ensures compliance with all applicable laws, including ACA, ERISA, HIPAA, and COBRA.
- Acts as a subject matter expert and partner for HR colleagues.
- Supports the execution of the U.S. benefits strategy.
- Develop and deliver employee communication materials, including benefit guides, newsletters, and presentations, to educate employees about their benefit options and changes.
- Bachelor’s degree preferred
- 5 years of benefits experience
- Detail oriented with strong analytical and problem-solving skills
- Knowledge of benefits regulatory landscape
- Customer service acumen / ability to deal with employees at all levels of the organization
- Strong written & verbal skills required
- Attention to detail
- Familiarity with benefits administration systems / HRIS systems /payroll systems
- Ability to handle confidential/sensitive information with discretion
- Outstanding analytical skills, and strong working knowledge of Microsoft Excel
- Experience with Form 5500 preparation & Plan Auditors preferred
- Experience with ADP payroll and SAP-HCM
- Experience with Alight
- Competitive salary with performance-based bonus plans
- 401k Match plus Age Weighted Defined Contribution
- Competitive medical, dental and vision offerings
- Health Savings Account
- Paid Holidays, Vacation, Parental Leave
Ready for your next career step? Apply today and let's shape the future together!
It’s an exciting time to be part of Lubrizol. Lubrizol is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for Lubrizol but for those who count on us every day: our employees, customers and communities.
We work with a relentless commitment to operate safely and responsibly, keeping safety, sustainability, ethics, and compliance at the forefront of everything we do. The well-being of our employees, customers and communities is paramount to our culture and in the way we approach our work.
As a diverse, global team, we work together to solve some of the world’s most pressing challenges. We impact everyday lives through science only Lubrizol can deliver, and we never stop pushing to do it better.
One of the founding principles of The Lubrizol Corporation more than 90 years ago was treating every employee with dignity and respect. That same commitment is only stronger today.
More than that, we are committed to providing an environment where every employee can be the best they can be, no matter their race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other characteristic.
#LBZUS
