Worldpay · 1 day ago

Benefits Manager

Cincinnati, OH

Full-time

Remote

Mid, Senior Level

$105K/yr - $177K/yr

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Responsibilities

Manages the development and execution of national benefits strategy and day-to-day operations for the 401(k) plan

Develops programs designed to keep employees informed about company benefit plans and any proposed changes.

Ensures the overall vision and objectives for the 401(k) plan and all other benefit-related programs are clearly stated and integrated into day-to-day work as well as long and short term projects.

Ensures programs are current with regards to trends, practices and costs.

Negotiates coverage, services and costs

Interacts with others in areas, such as the risk management, procurement, or legal departments, to investigate innovative programs, e.g., cost, risk to the company and legal implications.

Offers an innovative and creative approach to address current and future benefit needs of employees.

Researches competitive practices and analyzes data to evaluate benefit program metrics.

In order to control costs, maintains thorough knowledge of cost elements of various plans for reporting as well as for determining any additional program enhancements to adopt.

Assists in benchmark analysis as needed.

Reviews and interprets legislative requirements for all plans.

Develops appropriate policy and administrative guidelines ensuring government optimum compliance.

Facilitates the process of updating plan documents and summary plan descriptions.

Acts as a point of contact for escalations pertaining to complex benefits matters.

Develops and executes well planned communication strategies to educate all team members and employees on the various benefits options, wellness focuses and legal rights.

Leverages technology to simplify internal processes, minimize paperwork and limit delays in processing.

Actively participates in professional associations to stay abreast of industry related activities. Shares relevant knowledge and information with benefits team, HR department and any other appropriate parties.

Other related duties assigned as needed.

Qualification

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Benefits strategy401(k) plan managementLegal complianceGroup health benefitsRetirement benefitsPC financial modelingData analysisBenchmark analysis