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Primetals Technologies · 1 day ago

Customer Success Benefits Analyst II

Houston, TX

Full-time

Onsite

Mid, Senior Level

6+ years exp

Mitsubishi Heavy Industries America, Inc. is seeking a Customer Success Benefits Analyst II to support their Retirement and Health and Welfare programs. The role involves partnering with HR to ensure accurate employee benefits administration and compliance with laws and regulations.

IndustrialIndustrial EngineeringMechanical Engineering

Comp. & Benefits

Responsibilities

Serve as a contact for plan vendors and third-party administrators

Coordinate data transfer to external contacts for services, premiums, and plan administration

Assess and improve internal processes to lower costs and boost efficiency

Document and maintain administrative procedures for assigned benefits processes

Ensure compliance with all applicable government regulations. Maintain timeliness and accuracy in required reporting and fees

Coordinate daily benefits processing, including handling enrollments, COBRA, terminations, changes, beneficiaries, disability, accident and death claims, rollovers, QDROs, QMCSOs, distributions, loans, hardships, and compliance testing

Manage employee benefits files, update group benefits database, and maintain employee payroll records

Gather employee data and oversee the processing of monthly billings and the preparation of vouchers for payment of administrative fees for all group plans

Allocate group health and dental claims monthly and review quarterly

Analyze current benefits by evaluating the use, services, coverage, effectiveness, cost, plan experience, and competitive trends in benefits programs, and determine the company's stance

Conduct plan audits. Prepare, gather, and organize data for actuarial assessments. Review data alongside actuarial evaluation teams

Review both short- and long-term cost estimates, projections, and relevant statistical analyses related to changes in benefits programs and the implementation of new programs

Survey industry trends. Complete benefits surveys and review the information gathered from the results. Analyze complex benefits data. Forecast trends and support future benefits designs. Develop specific recommendations for management review

Monitor administrative costs of benefits programs and recommend strategies for cost containment, including alternative methods for administration and funding. Prepare budget recommendations and assist in monitoring, verifying, and reconciling budgeted funds

Provide customer service support to both internal and external customers. Develop communication tools to improve understanding of the company's benefits package

Design and distribute materials for benefits orientations, open enrollment, and summary plan descriptions

Oversee the day-to-day administration of multiple 401(k) retirement plans, including executing post-payroll funding, verifying the processing of contributions, withdrawals, and other participant transactions

Analyze and interpret plan documents, testing results, and government filings (e.g., Form 5500)

Provide consulting support to clients on plan design, fiduciary responsibilities, and regulatory updates

Coordinate with multiple vendors, including recordkeepers, TPAs, custodians, and investment advisors, to ensure seamless plan administration

Collaborates with internal partners (such as accounting, treasury, audit, etc.) and plan providers to oversee compliance (internal and external) and identify and implement control updates and process improvements

Review and reconcile plan data, including participant records, contributions, and distributions

This list of responsibilities is not all-inclusive, and an employee may be required to perform other relevant duties as assigned

Qualification

Benefits compliance knowledgeHRIS experienceData analysis skillsMicrosoft Excel MacrosCEBS CertificationPlanning skillsEffective communicationOrganizational skillsTeam collaboration

Required

Bachelor's degree in human resources management or related field or equivalent combination of education and experience

A minimum of six (6) years of relevant benefits experience; or an equivalent combination of education and experience

Knowledge of all relevant federal and state regulations, filing and compliance requirements, both adopted and pending, that affect employee benefits programs, including the ACA, ERISA, COBRA, FMLA, ADA, Section 125, workers' compensation, Medicare, OBRA, Social Security, and DOL requirements

Proficient in computer skills and technical abilities, including using Microsoft products such as PowerPoint, Excel Macros, and Pivot Tables; experience with HRIS and benefits databases

Effective planning and prioritization skills. Ability to manage multiple complex projects simultaneously while working under pressure to meet deadlines

Ability to work effectively in a team environment

Excellent communication and organizational skills