Senior Benefits & Compliance Strategist

Digi-Key Electronics; BLOOMINGTON (MN); On-site; USD 85,000 - 117,000; Full time

Job summary

DigiKey Electronics, based in Bloomington, MN, seeks a Senior Benefits Analyst and Compliance Partner to lead data analytics and plan compliance for the DigiKey Group Benefit Plan and Wellness Programs. You will provide reports, analysis, and information to leadership, guiding special projects and regulatory interpretation.

You will manage plan compliance, annual renewals, ACA reporting, and audits, collaborating with Workday HRIS, vendors, and internal clients to maintain accurate data and

Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; or equivalent relevant work experience.
• 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

Responsibilities

• Develop and maintain standard reports for benefit, wellness and leave of absence programs.
• Participate actively in all new vendor implementations
• Assist the Workday HRIS team with changes to configuration, documentation and maintenance of automated benefit processes and integrations with vendors.
• Interpret census data and evaluate 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.

Skills

Analytical thinking

Problem-solving

Verbal and written communication

Attention to detail

Continuous improvement mindset

Education

Bachelor’s degree in HR, Business, Finance, or related field

Tools

Microsoft Office Suite

Excel

Word

PowerPoint

Job description

DigiKey Electronics, based in Bloomington, MN, seeks a Senior Benefits Analyst and Compliance Partner to lead data analytics and plan compliance for the DigiKey Group Benefit Plan and Wellness Programs. You will provide reports, analysis, and information to leadership, guiding special projects and regulatory interpretation.

You will manage plan compliance, annual renewals, ACA reporting, and audits, collaborating with Workday HRIS, vendors, and internal clients to maintain accurate data and