Responsible for the day-to-day administration of all group benefits, including processing of all timely audits and benefit invoices (retirement plans, medical, dental, vision, ancillary, COBRA, FSA, HSA, and other voluntary plans).
Ensure compliance with all regulatory requirements including ERISA, PPACA, COBRA notifications, HIPAA certifications, distribution of annual reporting and notifications for the retirement plans and health & welfare plans.
Reevaluate current processes for all STD/LTD claims and adherence to FMLA and worker’s compensation rules collaborating with HR team and managers. Develop recommendation for long-term functionality.
Collaborate with the HR shared services team in daily tasks related to group benefits administration including improving, managing automated processes, and assisting employees utilizing benefits administration and HRIS systems.
Work alongside HRIS in managing benefits administration system and vendors.
Point of contact to interpret plan documents for issue resolution; acts as liaison between employees and insurance carriers during claim escalations.
Manage relationships with external benefits vendors to ensure quality services are received.
Responsible for compiling monthly invoicing for benefits plans, and subsequent cost allocations to subsidiary companies.
Participate in annual renewals of contracts and plans to include working with third party brokers/consultants and internal departments on annual budget requirements.
Coordinate efforts across multiple sites and branches for annual open enrollment – including communications, systems set-up, reporting to vendors as well as summary of enrollment results for senior management.
Bachelor’s Degree in Human Resources or a related field is preferred.
Minimum of 8 years’ experience in benefits administration with at least 4 of those years in a leadership or management type of role.
Broad HR functional experience in addition to benefits administration.
Proven experience with championing change is required.
This position will supervise employees.
Bending, Stretching or Reaching
Talking on the phone, person-to-person & in group
XHearing on the phone, person-to-person & in group
XVision for near, mid-range, far, peripheral, depth and color
XUse of computer
XUse of telephone
XUse of office equipment
XPushing/pulling/lifting/ carrying from 5 to 50 lbs.
Founded in 1935, and still growing, we began as the War Department Federal Credit Union. Today, PenFed is one of the country’s strongest and most stable financial institutions with over 1.5 million members and over $21 billion in assets. We serve members in all 50 states and the District of Columbia, as well as on military bases in Guam, Puerto Rico and Okinawa.
Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
PenFed is an Equal Opportunity Employer
PenFed will maintain and observe personnel policies which will prohibit discrimination or harassment against a person because of race, color, creed, age, sex, gender, religion, national origin, ancestry, genetic information, military or veteran status or obligation, the presence of a physical and/or mental disability and all other statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 703-838-1568.