Benefits Specialist - 401K

Subaru of Indiana Automotive, Inc; Lafayette (IN); On-site; USD 50,000 - 70,000; Full time

Job summary

Subaru of Indiana Automotive, Inc. is looking for a Benefits Specialist responsible for managing the benefits administration and the SIA Retirement 401(k) plan. The role involves monitoring and analyzing benefits data, assisting with communication strategies, and serving as the main point of contact for various benefit programs.

The ideal candidate will have an Associate’s degree in HR or Business Administration along with relevant experience in benefits management. Strong analytical and communication skills are required.

Qualifications

• 3-5 years of relevant HR experience.
• Experience with benefits and retirement programs.
• Ability to analyze and summarize benefit data.

Responsibilities

• Liaison with various carriers and vendors.
• Analyze medical and pharmacy claims data.
• Develop and implement benefit communication strategies.

Skills

Benefits administration

Data analysis

Communication strategies

Education

Associate’s degree in Human Resources Management or Business Administration

Bachelor's degree

Job description

The Benefits Specialist is accountable for the benefit management system, administration of the SIA Retirement 401(k) plan, planning and creating appropriate benefits communications, and assisting with benefits strategies. Additionally, the Benefits Specialist monitors, analyzes, and makes recommendations using data, including financial data, regarding current benefit programs, new and evolving benefits legislation, and benefits/retirement trends.

Outline of Duties

• Acts as a liaison between the company and various carriers, 401(k) vendor, and third-party administrators
• Reviews vendor invoices, resolving disputes, and reporting on fees and costs
• Analyzes medical and pharmacy claims data to report weekly claims trends, catastrophic claims, and reports out to management
• Evaluates existing benefits programs and proposes changes
• Performs audits to ensure benefits program and 401(k) plan accuracy
• Explains Associate benefits by conducting meetings and responding to requests
• Provides management planning and control information by collecting, analyzing, and summarizing Associate benefit data and trends
• Develops and implements effective benefit and retirement communication strategies for each calendar year
• Maintains Associate confidence by keeping benefit information confidential
• Assists with benefits questions from Associates and their families. Facilitates retiree meetings
• Main point of contact for 401(k) retirement, medical, prescription, dental and vision plans
• Manages 401(k) eligibility, enrollment, deposits, and funding process
• Performs other related duties as assigned.

Minimum Qualifications

• Associate’s degree in Human Resources Management, Business Administration or similar required plus 3-5 years of relevant HR experience

Desired Qualifications

• Bachelor's degree plus a minimum of 4 or more years of Benefits and/or HR related experience
• SHRM-CP, PHR, Certified Benefits Professional (CBP) certification

Subaru of Indiana Automotive, Inc. is an equal opportunity employer committed to employing a diverse workforce.