Senior Benefits Analyst and Compliance Partner

DigiKey; Brooks; On-site; CAD 111,000 - 154,000; Full time

Job summary

A leading electronic components distributor is seeking a Benefits Compliance Manager to oversee health and welfare programs. This position requires strong analytical skills and 6 to 9 years of experience in benefits management. The candidate will manage regulatory compliance and vendor relations while contributing to the overall strategy of benefits administration. The compensation ranges from $80,000 to $110,000 annually, with a focus on continuous improvement.

Qualifications

• 6 - 9 years of experience in Health & Welfare and 401(k) Plans.
• Strong analytical, problem-solving, and technical skills.
• Experience with Workday configuration and/or testing.

Responsibilities

• Develop and maintain standard reports for benefit programs.
• Participate in new vendor implementations.
• Assist with changes to the Workday HRIS system.

Skills

Analytical skills

Problem-solving skills

Technical skills

Verbal communication

Written communication

Continuous improvement mindset

Education

Bachelor’s degree in human resources, Business Administration, or Finance

Tools

Excel

Microsoft Office Suite

Job description

Overview

DigiKey is one of the fastest growing distributors of electronic components in the world. In addition to offering the broadest selection of in-stock electronic components and providing the best service possible to customers, employees have access to a highly competitive benefits package. To learn more, visit our .

Responsibilities

• Develop and maintain standard reports if required for the benefit, wellness and leave of absence programs.
• Participate actively in all new vendor implementations
• Assist the Workday HRIS team with changes to the configuration, documentation and maintenance of automated benefit processes and integrations with vendors.
• Interpret census data and evaluates it for accuracy.
• Serve as resource in annual renewal process and new vendor implementations monitoring for compliance with DigiKey specifications, identifying key differences in bids, and maintaining client databases within internal systems.
• Liaise between benefit vendors / carriers and DigiKey with respect to data analytics and data transfer for plan eligibility, participation, coverage, compliance matters and other benefit matters.
• Add to and maintains client access to external online portals.
• Confer with internal clients, outside consultants, attorneys, third party administrators, benefit record keepers, and carriers to furnish or request necessary data.
• Responsible for all aspects of health and welfare and retirement plan compliance including reporting, filing of plan documents, audits, forms 5500, and all federal, state, local and other regulatory requirements such as ERISA, COBRA, and HIPAA.
• Responsible for all aspects of Affordable Care Act (ACA) compliance, including management of ACA reporting and review and sign-off of data submitted.
• Participate in annual audits as needed and completes annual non-discrimination testing for group health and 401(k) plans.
• Respond to requests for information required by the organization for its regulatory filings.
• Support Open Enrollment, including benefit administration configuration and testing, plan document review and employee enrollment support
• Evaluate current practices to improve efficiencies, innovate to solve problems, utilize data to build business cases
• Execute business plans and contributes to the development of functional strategy and develops and executes business processes and ensures accuracy and consistency
• Perform other incidental and related duties as required and assigned.
• Other duties as assigned including but not limited to possible reallocation of efforts to other organizations per business need and management request.
• Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time

Qualifications

• Bachelor’s degree in human resources, Business Administration, or Finance
• 6 - 9 years of experience in the Health & Welfare and 401(k) Plans
• Strong analytical, problem-solving, and technical skills are critical
• Advanced skills and experience in using Excel. Proficient in the use of Word, PowerPoint
• Organized and detail oriented with strong verbal and written communication skills
• Continuous improvement mindset
• Knowledge of ERISA, IRS and DOL regulations
• Experience leading enterprise-wide initiatives
• Experience with Workday configuration and / or testing
• Tools / Systems / Software: Microsoft Office Suite

Compensation

Compensation : $80,000 to $110,000

Legal

Must be authorized to work in the U.S. without the need for employment-based immigration sponsorship, now or in the future. The employer does not offer immigration sponsorship for this opportunity.