Administers worldwide health and welfare benefit programs, supports employees, retirees, vendors, and consultants, and ensures regulatory compliance. Coordinates enrollment, communications, filings, reporting, financial tracking, and process improvements. Researches legislation and industry trends, supports benefit strategy, analyzes variances, and provides management with insights for decision-making. The role requires extensive corporate benefits experience, knowledge of U.S. and Canadian regulations, strong communication and organizational skills, and proficiency with Microsoft Office tools.
HWI has a fantastic opportunity to join our Compensation and Benefits Team as a Benefits Analyst III.
Summary
The Benefits Analyst III is responsible for administration and compliance of HWI’s health and welfare benefit programs worldwide, including assisting in the development and execution of the HWI’s benefit strategy. This position provides daily support to employees, retirees and vendors by answering questions, researching solutions and interpreting benefit policies.
Responsibilities
- Coordinate and administer the day-to-day activities of the HWI's health and welfare programs worldwide. Facilitate employee engagement and provide employee/retiree customer service related to benefit questions, life events, and benefit enrollments. Act as liaison between the Company and its third-party employee benefit administrators, insurers, record keepers, consultants, and related vendors.
- Work with Director to ensure that all health and welfare programs are in compliance with appropriate laws and regulations and that all necessary filings are complete, including SPD's, Plan Documents, and annual 5500 reports. Facilitate open enrollment and re-enrollment across benefit lines as appropriate.
- Assists with strategic development of health and welfare programs including development, implementation, administration, and employee communications. Determines health & welfare benefit best practices by benchmarking best practices; researching industry and employment trends; tracking legislation and estimating the impact.
- Work with Director to develop and maintain employee communication tools that communicate the value of the Company’s health and welfare plans and that ensure employees/retirees understand their benefits and what their role in the benefit process is.
- Ensure consultants are providing effective financial tracking and reporting, analyze variances and initiate corrective action. Provide management with the information necessary to make effective decisions relative to worldwide benefit programs.
- Work with Director to develop reports and maintain performance metrics to insure continuous process improvement. Implement and standardize process improvements in benefits functions.
Requirements
- Bachelors degree in business or related field.
- Requires seven (7) to ten (10) years progressive experience in corporate employee benefits administration.
- Demonstrated health and welfare benefit and technical knowledge. Defined contribution and benefit knowledge a plus.
- Knowledge, understanding and application of U.S. and Canadian benefit laws, ERISA, FMLA, ACA, etc. required. International benefit experience preferred.
- Excellent written and verbal communication skills, including presentation planning and delivery
- Team building and problem-solving skills
- Strong desire to be held accountable for results
- High energy and results oriented to achieve departmental goals
- Strong interpersonal skills
- Demonstrated financial knowledge to prepare and present appropriate reports to management.
- Comprehensive understanding of health and welfare benefits plan development, implementation, administration, and related regulatory compliance requirements.
- Exceptional organizational, negotiation, collaboration, and communication skills in order to effectively interact with staff, employees/retirees, colleagues, vendors, and consultants.
- Proficient skill in Microsoft products including Excel, Word and PowerPoint. PeopleSoft experience a plus.
Physical and Environmental Requirements
- Physical Activity: Requires more than 2/3 of time sitting, speaking/hearing; 1/3 to 2/3 of time using hands and fingers; and less than 1/3 of time standing, walking, and/or reaching.
- Lifting: Requires lifting up to 25 pounds less than 1/3 of time.
- Vision: Requires accurate close and distance vision and the ability to focus.
- Environment: Requires more than 2/3 of time in an office setting.
- Noise: Requires working in quiet conditions.
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