What are the responsibilities and job description for the Benefits Administrator position at F.N.B. Corporation?
Position Title: Benefits Administrator
Business Unit: Human Resources
Reports to: Manager of Benefits
Position Overview:
This position is primarily responsible for collaborating with the Manager of Benefits to design, implement, monitor, administer and modify, as necessary, a wide range of company-provided benefits to F.N.B. employees. This includes assisting in devising communication packages and programs in written form, writing the material and conducting employee and retiree meetings designed to provide information on benefit design and administrative processes and, when directed by management, to negotiate terms, conditions and pricing of benefit administration with third party vendors.
Primary Responsibilities:
- Negotiates contractual agreements with third party vendors for renewal obligations. Monitors contract compliance and recommends corrective actions when necessary.
- Manages the Deferred Vested retirement calculations to ensure accuracy. Prepares and updates pension changes for Towers Watson in preparation of annual valuations presented to Pension Committee.
- Monitors trends in benefits best practices and advises on potential changes in F.N.B. programs. Also maintains up-to-date understanding of legal compliance issues and participates in discussions concerning how to ensure legal compliance status.
- Assists the Manager of Benefits with respect to department personnel issues including training of staff and serving as a mentor and resource for less experienced staff, providing input for annual employee appraisals and department budgeting.
- Conducts employee and retiree educational meetings as often as necessary to ensure employee and retiree understanding of benefit plan design and administrative processes. Manages benefit communications to employees and retirees.
- Maintains all plan documents to ensure ERISA compliance is current, including plan amendments.
- Provides recommendations to management on methods to improve efficiencies in the delivery of benefits programs and maintenance.
- Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum Level of Education Required to Perform the Primary Responsibilities of this Position:
BA or BS
Minimum # of Years of Job-Related Experience Required to Perform the Primary Responsibilities of this Position: 5
Skills Required to Perform the Primary Responsibilities of this Position:
Excellent customer service skills
Excellent communication skills, both written and verbal
Ability to use general office equipment
Ability to use a personal computer and job-related software
MS Word - Intermediate Level
MS Excel - Intermediate Level
MS PowerPoint - Basic Level
Licensures/Certifications Required to Perform the Primary Responsibilities of this Position:
CEBS certification (or working toward CEBS certification) preferred
Physical Requirements or Work Conditions Beyond Traditional Office Work: N/A