Benefits Specialist III

Overview

IGT´s Benefits department is seeking a U.S. Benefits Analyst to support. The Department is committed to a trusting and collaborative culture where we value growth and development. We engage proactively with our business colleagues to truly understand them and to deliver results for our company and our employees.
 

Responsibilities

The Benefits Analyst supports the development, implementation, administration, execution and maintains benefits programs, policies, and procedures. Ensures programs meet company needs, comply with legal requirements, and are cost effective. As member of a Center of Expertise the Benefits Analyst will be the third-tier response level to employees on benefits related issues, questions and will work closely with the Total Rewards team in developing benefits communications strategies. Daily job duties for the analyst may include evaluating existing benefi tprograms and proposing changes, as well as developing new programs. May create communication materials, such as presentations and information packages, to keep employees and management updated on plan changes and amendments.

Essential Duties & Responsibilities:

• Responsible for assisting with the administration of all benefits and retirement programs, including medical, dental, vision, life insurance, short- and long-term disability, and 401(k) plan.
• Monitors eligibility, limitations, and restrictions of plan participations and ensures compliance with both plan provisions and government requirements.
• Provides guidance and counsel to employees, HRIS representatives, and managers on the requirements and provisions of benefit programs and assist with the resolution of potential problems.
• Develops, conducts and participates in a variety of presentations to inform and educate management and employees about changes to benefit plans, administrative practices and legislated requirements and programs.
• Prepares bid specifications analyze proposals and renewal information and interprets insurance carrier contracts.
• Responsible for data necessary to complete government compliance activities (audits, etc.), employee mailings, vendor billings, coordinating data collection and updating numerous reports for management.
• Monitors plan limits, eligibility and other restrictions on plan participation to ensure compliance with both plan provisions and government requirements.
• Oversees/directs the administration of COBRA compliance.
• Researches current benefit trends and regulatory/legislated requirements and recommends programs/changes to the Director, Employee Benefits.
• Compiles, analyzes and reports benefit data including employee, benefit plan and financial for Benefit's strategic planning and evaluation, best practices and benchmark surveys
• Assisting in the mergers and acquisitions due diligence process
• Working pro-actively across multiple business units, establishing and maintaining effective relationships with employees, and serving as a liaison between Total Rewards as a COE organization.
• Compiles, analyzes and reports data including employee, plan financials for strategic benefits planning and evaluation.

Qualifications

• Demonstrated basic knowledge of employee benefit programs, including flexible benefit programs, financial analysis and budgeting
• Ability to perform mathematical calculations in computing rates, premiums and adjustments.
• Organizational skills to develop/maintain reporting "standards" where applicable.
• Project management experience to oversee various projects.
• Must be comfortable working independently and making recommendations.
• Must be a problem-solver.
• Must remain open to change and new information and ideas and adapt to the same. Must encourage and foster cooperation and teamwork.
• Requires strong communication skills, good writing skills, strong customer service and analytical skills.
• Proficient with Microsoft Office products.

Required Education & Experience:

• Knowledge of employment, benefit programs, including flexible benefit programs.
• Bachelor's Degree in Human Resources or related field with an emphasis in business or finance, or equivalent years professional/analytical experience related to the above described duties.
• Minimum of 1-3 years related experience required

Keys to Success

• Building collaborative relationships
• Decision making
• Drive results
• Foster innovation
• Personal energy
• Self-leadership

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