What are the responsibilities and job description for the Senior Benefits Administrator position at Liberty Bank - CT?
At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.
SUMMARY OF THE JOB:
Reporting to the HRIS, Operations & Benefits Manager, the incumbent is responsible for the efficient administration of full benefits program including medical, dental, vision, life insurance, supplemental benefit plans, 401k and pension plans. The incumbent manages the broker/vendors relationships, Bank’s annual Open Enrollment process and is involved in determining the Human Resources benefits operating budget.
ESSENTIAL FUNCTIONS:
Benefits & Wellness Administration
No. Employees: 850
MINIMUM REQUIREMENTS:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
SUMMARY OF THE JOB:
Reporting to the HRIS, Operations & Benefits Manager, the incumbent is responsible for the efficient administration of full benefits program including medical, dental, vision, life insurance, supplemental benefit plans, 401k and pension plans. The incumbent manages the broker/vendors relationships, Bank’s annual Open Enrollment process and is involved in determining the Human Resources benefits operating budget.
ESSENTIAL FUNCTIONS:
Benefits & Wellness Administration
- Administers health & welfare benefit plans, including self-insured medical/dental arrangements and life insurance claims.
- Conducts employee counseling and educational sessions on benefits and retirement plans.
- Ensures compliance with ACA and IRS reporting requirements; maintains documentation for measurement and stability periods.
- Manages the Bank’s Wellness Incentive Program and contributes to annual wellness strategy development.
- Maintains accurate data within the Benefits platform of the HRIS system.
- Partners with the HRIS team to configure system changes, resolve issues, and implement benefits-related projects.
- Manages vendor relationships in alignment with Liberty Bank’s risk management policies, including coordination through Venminder.
- Collaborates with Finance, legal counsel, and consultants to ensure accurate premium payments and monthly reconciliations.
- Resolves enrollment, billing, and file feed issues with vendors.
- Processes benefit elections, terminations, and qualifying event changes.
- Monitors carrier feeds (including COBRA) for accuracy and resolves discrepancies.
- Prepares and coordinates required forms and reports, including annual 5500 filings.
- Creates and distributes benefit materials such as open enrollment guides, SPDs, SBCs, SARs, and compliance documents.
- Responds to employee inquiries and facilitates problem resolution.
- Experience with compensation structures, including salary bands and incentive programs, is a plus but not required.
- Familiarity with analyzing market data to support competitive compensation practices.
- Exposure to conducting salary reviews and recommending adjustments based on performance and market trends.
- Demonstrates leadership in managing teams and mentoring staff.
- Leads projects and makes strategic decisions during periods of change and uncertainty.
No. Employees: 850
MINIMUM REQUIREMENTS:
- Bachelor's Degree in Human Resources Management preferred or equivalent work experience.
- Minimum of five years of experience in the administration, development, and implementation of medical benefit programs, including wellness programs and retirement plan administration, is required.
- Strong Microsoft Office skills required.
- Proficiency in Microsoft Excel (PivotTables, VLOOKUP/XLOOKUP, advanced formulas, etc…).
- Experience advising and counseling employees.
- General Office Equipment
- Keyboard Dexterity
- Prolonged Sitting and Standing
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
