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Form of workSr. Benefits Strategy Analyst
Description
Textron is a renowned global multi-industry company with a diverse portfolio spanning aerospace and defense, specialized vehicles, turf care, and fuel systems. Our brand lineup includes leading names like Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, and many others. With a strong worldwide presence and a workforce of 35,000 individuals across 25 countries, we prioritize attracting top talent.
JOB SUMMARY
We are seeking a Senior Benefits Strategy Analyst to join our team at our global corporate headquarters in Providence, RI. In this role, you will play a key role in supporting our Benefits Strategy team by analyzing and recommending changes to our benefits plans. Your work will ensure that our programs, processes, and policies align with our enterprise Benefits Strategy.
RESPONSIBILITIES
Determines the competitiveness of our benefit programs through benchmarking, assesses gaps and identifies areas of opportunities.
Conducts cost analyses andrecommends benefit design changes (e.g., medical, dental, life insurance, 401(k) plan, pension, etc.) to ensure competitive, effective, and efficient benefit programs and benefits management.
Manages the health plan claim appeals process including interacting with plan participants, HR Business Partners, plan administrators, external legal counsel, and other service providers. Drafts claim appeal responses for review and signature while meeting prescribed timeframes and maintaining a control list and metric report of all claim appeals.
Manages the Benefit Change Notification Form (BCNF) distribution process to update suppliers, business units and other relevant staff on plan design changes.
Holds service providers accountable for on-time delivery to ensure that they meet contracted requirements related to cost, quality, and timeliness.
Coordinates and documents retirement plan mergers and terminations in accordance with regulatory requirements.
Prepares health & welfare and retirement plan documentation, including SPDs, SMMs and amendments.
Prepares materials for Employee Benefit Committee meetings.
Supports business unit collective bargained negotiations as they relate to benefit strategies.
Partners with Textron’s supplier management team and/or external consultants to develop request for proposals or information for benefit plan bids and serves as project leader to ensure all stakeholders and team members are apprised of progress and deliver required elements in a timely manner.
Utilizes internal data warehouse to manage, monitor, and report on our health and welfare plans.
Helps develop training and educational materials for business unit Benefits Strategy liaisons.
Performs other duties and special projects as assigned.
Qualifications
EDUCATION/EXPERIENCE
Bachelor’s degree in human resources, business administration, finance, or related field.
Minimum five years of experience in HR, project management, or benefits administration.
SKILLS/COMPETENCIES
Strong analytical and project management skills.
Excellent interpersonal, communication, and presentation skills.
Ability to thrive in a fast-paced environment with shifting priorities.
Advanced proficiency in MS Outlook, Word, Excel, PowerPoint, and Access.
PREFERRED
Experience in Human Resources, including Benefits, Payroll, Compensation, HR Administration, and Employee Relations.
Background in supplier/vendor relations or client network management.
Actuarial or financial accounting knowledge is a plus.
WHY TEXTRON?
Textron puts a high value on work-life balance. We have an on-site fitness center where you can partake in 1:1 personal training, take classes or workout with co-workers. We offer a generous time off package as well as a culture that encourages engagement. Getting involved in ERG’s and fun workplace activities makes the work more meaningful and fun!
Our team is dedicated to supporting new members and we have a broad mix of levels and tenures that celebrates knowledge sharing and mentorship. A generous 401K match, health, dental, tuition reimbursement and more.
Join Textron today and be part of a dynamic team driving innovation, creativity, and collaboration!
EEO Statement
Textron is committed to providing Equal Opportunity in Employment, to all applicants and employees regardless of, race, color, religion, gender, age, national origin, military status, veteran status, handicap, physical or mental disability, sexual orientation, gender identity, genetic information or any other characteristic protected by law.
Recruiting Company: Textron Inc.
Primary Location: US-Rhode Island-Providence
Job Field: Human Resources
Schedule: Full-time
Job Level: Individual Contributor
Job Type: Experienced
Shift: First Shift
Job Posting: 09/12/2023, 9:34:50 AM
Req ID: 317534
