Senior Retirement Specialist

(functions considered essential as defined by ADA)

• Develops and implements strategies and plans outlining actions to support various benefit plan designs, ERISA requirements and employees communications
• Oversees administration activities of various employee benefit programs, such as group insurance, life, medical and dental, accident and disability, 401(k) plan /deferred compensation plan (non-qualified plan) and COBRA
• Ensures company compliance with federal and state laws
• Interprets benefit policies, reviews claims and ensures all required forms and legal documents are supplied
• Serves as liaison with carriers and providers to obtain renewals, settlements, claims and utilization data and enrollment information
• Monitors experience and provides recommendations for enhancements or changes to existing programs consistent with benefit objectives and strategies: claims, administrative fees, utilization by service/event of all benefit plans, develops per capita costs by plan
• Reviews and participates in negotiations on contract provisions with insurance carriers, administrators and service providers and coordinates execution of plan documents and service agreements
• Researches and prepares reports for management on benefits issues as assigned, keeping current with trends and regulatory issues concerning benefit plan design and administration
• Proactively partners with human resources (HR) to support the needs of the HR team and the employees
• Consults with employees on eligibility for insurance, hospitalization and other benefits, amounts of coverage and claims procedures
• Manages audits of benefits data to ensure integrity and compliance with management of such benefit programs is aligned with plan documents
• Manages 401(k) compliance testing and audit processes. Proactively resolves discrepancies with vendors.
• Leads partnership with internal and external resources to complete the annual benefit plan audit and 5500 filing process
• Independently prepares, reviews and obtains necessary documentation for qualified plans’ Internal Revenue Service and ERISA mandated submissions and employee communications
• Leads participation in surveys and other benchmarking activities to assess programs and solutions; and assists in procurement and evaluation of bids for services or benefit programs
• Supports and participates in the quarterly Retirement Plan Committee meetings
• Completes special assignments or tasks assigned to the employee by their supervisor, as determined from time to time in their sole and complete discretion.

Advanced knowledge of ERISA, COBRA, FMLA, HIPAA, and other general retirement and welfare plan concepts or other relevant Human Resource Acts. Advanced knowledge of pensions, Human Resource management principles and practices, and administrative procedures; good word processing, database, e-mail and spreadsheet applications skills; proficient in Microsoft Word and Excel; strong ability to effectively communicate with others, both written and verbal communication, decision making and negotiation skills; detail oriented. Ability to handle confidential information including Protected Health Information (PHI) and all compliance issues in relation to relevant HIPAA regulations. Ability to perform intermediate level mathematical calculations, and an intermediate reading and writing skill level.