Benefits Specialist I

Regal Rexnord Corporation; South Beloit (IL); Hybrid; USD 41,000 - 62,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Prescription Drug Coverage

Health Savings Account

Flexible Spending Accounts

Paid time off

Holidays

401(k) with matching

Life & AD&D insurance

Tuition assistance

Job summary

Regal Rexnord is seeking a Benefits Specialist to support the administration of U.S. health and welfare plans and assist with global plans as needed. This hybrid role onsite at the South Beloit, IL location at least 3 days per week, with up to 2 remote days.

You will partner with HR Business Partners and the Total Rewards team to ensure accurate plan materials, reporting, and program administration. The ideal candidate has a Bachelor’s degree in HR/Finance or a related field and 1+ year of HR or

Qualifications

• Bachelor’s degree or equivalent experience in HR, Finance or similar field.
• 1+ years HR or benefits experience.
• Strong analytical and problem-solving abilities.
• Excellent communication skills with attention to detail and ability to communicate clearly.
• Ability to develop and foster strong partnerships.

Responsibilities

• Respond to HRBPs, team members, beneficiaries and vendor partners regarding health and welfare plan inquiries.
• Conduct new hire benefits orientation sessions.
• Manage monthly vendor invoices and coordinate payments for Health and Welfare plans.
• Provide support for ongoing administration of the benefits platform and HCM system.
• Oversee payroll-related benefits administration including PAFs and prior service credit.
• Benefit program administration including LOA and discount programs.
• Maintain benefit plan materials on HR SharePoint and benefits platform.
• Assist with annual Open Enrollment process.
• Act as vendor liaison and maintain strong vendor partnerships.
• Manage QMCSOs, employment verification requests and relocation assistance.

Skills

HR experience

Benefits administration

Analytical skills

Communication skills

Problem-solving

Partnership building

Education

Bachelor’s degree in HR/Finance or similar

Job description

Work Model: You’ll work in a hybrid model, onsite at your designated Regal Rexnord location at least 3 days per week (Monday–Thursday), with flexibility to work remotely up to 2 days, including Friday. ____________________ A key influencer of Regal Rexnord’s short and long-term business success depends on the ability to have the right talent, in the right roles at the right time to drive the enterprise strategy. This role is responsible for providing support in the administration of our Health and Welfare benefits. The role will be hybrid, working onsite out of our South Beloit, IL location at least 3 days per week (Monday – Thursday), with flexibility to work remotely up to 2 days, including Friday. Reporting to the Health and Welfare Benefits Manager, the Benefits Specialist will serve as a key partner and support to our Total Rewards team. This role is responsible for supporting the administration of our U.S. health and welfare benefits and will assist with our global benefit plans as needed. They will have the opportunity to learn about health plans while providing the support needed to ensure accurate plan materials, administration and reporting as well as partner with HR Business Partners and team members on questions and issues.

Key Responsibilities

• Respond to Human Resource Business Partners, team members, beneficiaries and vendor partners regarding health and welfare plan inquires/matters
• Conduct new hire benefits orientation sessions
• Manage monthly vendor invoices and coordinate payments for Health and Welfare plans
• Provide support for the ongoing administration of Regal Rexnord’s benefits administration platform and Human Capital Management (HCM) system
• Oversee payroll-related benefits administration including approval of Payroll Authorization Forms (PAF) and prior service credit administration
• Benefit program administration including wellness, leave of absences (LOA) and discount programs
• Maintain benefit plan materials on the HR SharePoint site and benefits administration platform
• Assist with the annual Open Enrollment process
• Act as a vendor liaison and help to maintain strong vendor partnerships
• Manage the administration of Qualified Medical Child Support Orders (QMCSOs), employment verification requests and relocation assistance

Desired Skills & Qualifications

• Bachelor’s degree or equivalent experience in HR, Finance or similar field 1+ years HR or benefits experience
• Strong analytical and problem-solving abilities
• Excellent communication skills with focused attention to detail and the ability to analyze, organize, and effectively communicate both in writing and verbally
• Proven ability to be hands on, roll up sleeves and demonstrate resourcefulness, initiative and results-orientation. Has a mindset of continuous improvement and can embrace Regal Rexnord’s 80/20 principles
• Ability to develop and foster strong partnerships

Salary

Expected Base Salary Range: $41,400- $62,000 The salary range provided is intended to display the value of the company's base pay compensation for this position. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, the geographic market of that location, candidate's skill set, level of experience, education and internal peer compensation comparisons among other potential factors.

Candidates must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization

Benefits

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

About Regal Rexnord

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company’s automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools. The Company’s end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture. Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Equal Employment Opportunity Statement

Regal Rexnord is an Equal Opportunity and Affluent Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you’d like to view a copy of the company’s affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email [e-mail]. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail [e-mail].

Equal Employment Opportunity Posters Notification to Agencies

Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.

Our Values

Integrity Responsibility Diversity, Engagement & Inclusion Customer Success Innovation with Purpose Continuous Improvement Performance Passion to Win ….with a Sense of Urgency