Lockton · 2 hours ago
Benefits Specialist
Dallas, TX
Full-time
Onsite
Senior Level
5+ years expLockton is a company that specializes in benefits consulting, and they are seeking a Benefits Specialist to manage employee benefit plans for their clients. The role involves administering various benefits, answering inquiries, processing vendor bills, and ensuring compliance with federal laws related to benefits administration.
Auto InsuranceInsuranceRisk Management
Responsibilities
Administers various benefits plans for various clients including medical, prescription drug, dental, vision, life insurance, short and long-term disability, flexible spending accounts, Ancillary plans, wellbeing and retirement plans
Answers questions and provides information and assistance regarding benefits and related human resources programs, plans, policies, procedures, rules, and regulations in a timely manner
Processes and audits vendor bills and prepares for payment
Recommends solutions to improve services, implement processes, and partner with HRIS, Audit and Payroll to support best practices
Manages the maintenance and storage of employee benefit records, accurate employee data entry in HRIS system and ensures the appropriate administration of benefits enrollment, retirement and other transactions
Provides research, reporting and analytical support as required
Coordinates and corresponds with various internal and external contacts, such as benefit carriers, employees, HR department representatives, and auditors
Reviews communications on new plans and policies and communicates new plans, policies, as required to employees and HR
Coordinates annual open enrollment activities and oversees preparation and assembly of all materials
Prepares and completes correspondence, various reports, and presentations as needed for communication with the client and their employees
Attends and participates in client group calls; stays abreast of new trends and innovations in the field of benefit administration
Exercises judgment and discretion in seeking advice to ensure compliance with federal laws such as ERISA, HIPAA, ACA, COBRA and any other state legislation
Responsible for the day-to-day administration and the relationship with current vendors/record keepers/trustees for multiple clients and plans
Streamlines recordkeeping processes for management and administration of all defined contribution and plans. Ensures compliance with laws as well as with company policies and procedures
Initiates process and prepares reporting for nondiscrimination testing, internal and external audits, Form 5500s, special filings and summary annual reports to internal departments and outside vendors
Responsible for reviewing loan monitor reports and updating participant loans as needed or requesting reamortization from the record keeper
Reviews Summary Plan Descriptions as they are updated for accuracy and ensure the language matches actual plan practice
Processes contributions, determine eligibility, load election and loans and other retirement related data updates
Qualification
Required
Five or more years of professional experience in benefits administration
Bachelor's Degree is required
Strong knowledge of HRIS/benefits administration systems, with knowledge of Time and Attendance and payroll systems
Good understanding of Healthcare Reform
Experience in completing root cause analysis of system errors, ability to understand the way data flows, organizational structure in systems
Familiarity with carrier administration systems (i.e. BCBS, UHC, CIGNA, Delta, Aetna) and ability to trace a disconnect between the Ben Admin system and the carrier
In-depth knowledge of benefit specific guidelines of DOL, IRS, ERISA, HIPAA and ACA
General knowledge of annual benefits-related compliance filings (Form 5500)
Ability to oversee the day-to-day operations of employee benefit plans and programs including flexible benefits programs, group medical and life insurance plans, disability programs including FMLA administration, retirement plans
Works under steady pressure with frequent interruptions and a high degree of contact by email and/or phone
The flexibility to easily adapt to changing priorities
Self-directed, works with limited supervision
Exercises good judgment and maintains confidentiality with critical and sensitive information, records, and reports
Ability to interface with company leaders and represent the company in a professional manner
On a very rare occasion, may need to be able to pass drug screening and answer any applicable COVID-19 questionnaire based on client needs. This would be at no cost to you and would be based on acceptable testing guidelines as provided by recommendations from the DOL, EEOC, ADA and CDC both at the State and Federal level for business necessity
Company
Lockton
Lockton provides risk management and insurance services.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mohammad Al Abdul Jabbar
Chief Executive Officer
Scott Bastian
Senior Vice President
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