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Benefits Specialist
$76k-92k (estimate)
Full Time 2 Weeks Ago
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McCormack Baron Salazar is Hiring a Benefits Specialist Near St. Louis, MO

Benefits Specialist

Date Created or Revised: May 8, 2024

Reports to: Chief Human Resources Officer

FLSA- Exempt

Location: Hybrid- St Louis Downtown Office

Position Overview

The Benefits Specialist position is responsible for directing and planning the day-to-day operations of group benefits programs (group health, dental, vision, short-term and long-term disability, life insurance, travel and accident plan, flexible spending plan, retirement plans, etc.). This position provides excellent customer service and aids in the design of quality benefits plans. The Benefits Specialist oversees the open enrollment process, works closely with the broker, existing programs, and supervises and monitors benefits administration. The Benefits Specialist works closely with the payroll team and may cross train on various payroll functions.

Key Responsibilities (Essential Duties and Functions)

This list of duties and responsibilities is not all-inclusive and may expand to include other duties and responsibilities based on business needs.

  • Provide timely, accurate, courteous, and appropriate responses to internal and external customers. Responds to benefits inquiries from managers and employees on plan provisions, benefits enrollments, status changes and other general inquiries. Provide training and support to home office associates and the field staff.
  • Coordinate daily benefits processing, qualifying events, COBRA, terminations, changes, beneficiaries, disability.
  • Ensures the accuracy of all benefits enrollments in the HRIS system and ensures accurate reflection in payroll deductions.
  • Gather employee data and process monthly billings and the preparation of vouchers for payment of administrative fees for all group plans.
  • Responsible for the open enrollment process and entry of plans into HRIS system. Distribute materials for open enrollment and summary plan descriptions.
  • Assist in the administration of the leave of absence process and ensures leaves and return from leaves are correctly reflected in the HRIS system for payroll processing.
  • Document and maintain administrative procedures for all benefits processes. Evaluate and revise internal processes to reduce costs and increase efficiency.
  • Perform HRIS system audits related to existing benefit plans, ensuring correct pay and benefits premium payments for employees on FML/LOA.
  • Work with brokers to survey industry trends. Complete benefits surveys and review information obtained from the results. Analyze complex benefits information. Forecast trends and assist with future benefits designs. Develop specific recommendations for review by management.
  • Serve as primary contact for plan vendors and third-party administrators (group insurance, voluntary plans, leaves of absence, unemployment, employee recognition, etc.)
  • Conform and adhere to all applicable HIPAA, billing compliance and safety policies and guidelines.
  • Must have demonstrated strong problem-solving skills analytical, and quantitative abilities.
  • Excellent project implementation, organizational and planning skills. Able to work with time sensitive projects, demonstrate attention to detail, and meet multiple deadlines. Has experience managing multiple projects successfully through constantly changing priorities.
  • Has the interpersonal skills and presence to communicate and interact effectively with employees and vendors.
  • Computer proficiency and technical aptitude with the ability to use Microsoft products, including PowerPoint, expert level Excel proficiency, experience with HRIS, and benefits databases.
  • Project and team management/leadership skills and experience.
  • Proven ability to work effectively in a team environment with associates.
  • Effective planning and priority setting. Ability to manage several complex projects simultaneously while working under pressure to meet deadlines.
  • Knowledge of all pertinent federal and state regulations, filing and compliance requirements, both adopted and pending, affecting employee benefits programs, including the ACA, COBRA, FMLA, ADA, Medicare, and Social Security and DOL requirements.
  • Excellent communication and organization skills.

Education/Experience

  • Bachelor's degree in human resource management or related field, or a minimum of 3 years of related benefits or employee benefits administration experience.
  • SHRM-CP or SHRM-SCP and CEBS professional designations preferred.

Work Environment/Physical Demands

  • This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phone, photocopiers, and filing cabinets.
  • This position requires manual dexterity, the ability to lift files and open filing cabinets.
  • This position requires sitting, bending, stooping, or standing as necessary.

MBS is an Equal Opportunity-Affirmative Action Employer and committed to diversity and inclusion.

Job Summary

JOB TYPE

Full Time

SALARY

$76k-92k (estimate)

POST DATE

05/10/2024

EXPIRATION DATE

05/19/2024

WEBSITE

www.mccormackbaron.com

HEADQUARTERS

St. Louis, Missouri

SIZE

200 - 500

CEO

Sarina Ascensao

REVENUE

$50M - $200M

Show more

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The job skills required for Benefits Specialist include Customer Service, HRIS, Benefit Administration, Billing, Problem Solving, HIPAA, etc. Having related job skills and expertise will give you an advantage when applying to be a Benefits Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Benefits Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Benefits Specialist positions, which can be used as a reference in future career path planning. As a Benefits Specialist, it can be promoted into senior positions as a Benefits Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Benefits Specialist. You can explore the career advancement for a Benefits Specialist below and select your interested title to get hiring information.

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If you are interested in becoming a Benefits Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Benefits Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Benefits Specialist job description and responsibilities

Aspiring benefits specialists must also have relevant work experience.

01/11/2022: Philadelphia, PA

Benefits specialists administer and oversee all plans and programs that their companies offer to employees.

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Contracts for these benefit programs are negotiated on at least a one-year basis, though many corporations sign multi-year agreements to save on the cost of benefits even further.

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While some Medigap plans can help cover costs that occur from visits with these specialists, Medicare recipients should speak to any specialists beforehand to confirm whether or not they accept Medicare assignment.

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Compensation or benefits specialists are responsible for making the arrangements required to ensure that these and other benefits are available and dispersed to employees.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Benefits Specialist jobs

Aid and Health benefits are for veterans with both physical and mental health conditions, which can be helpful for veterans experiencing cognitive decline.

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Benefits specialists also advise their companies on which vendors and plans are good matches for their businesses and employees.

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Benefits specialists must also have relevant work experience.

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Concierge services, onsite acupuncture, and catered meals are some luxury lifestyle benefits and perks that corporate workplaces are offering.

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Lifestyle benefits are often effective recruiting, retention, and engagement tools for employers and job satisfaction boosters for workers.

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Step 3: View the best colleges and universities for Benefits Specialist.

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