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Benefits Specialist

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Verisk

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Customer Relations
    People, HR & Administration
  • Jersey City
  • Quick Apply

AI generated summary

  • You need a bachelor's degree, 4-5 years in benefits, knowledge of HRIS systems, strong analytical & communication skills, attention to detail, and ability to prioritize multiple projects.
  • You will manage benefits inquiries, resolve employee issues, support retirement plans, ensure compliance, process vendor invoices, and assist with audits, orientations, and open enrollment activities.

Requirements

  • Bachelor’s degree required.
  • A minimum of 4 to 5 years of experience in benefits (Health & Welfare, Leave Administration, 401(k) and/or Pension plans).
  • Working knowledge of PeopleSoft, Oracle, Business Solver, ADP, various HRIS and Benefit provider systems is required.
  • Proven ability to gain credibility at all levels quickly, excellent relationship management skills.
  • Experience working effectively as part of a team, demonstrating initiative and proactively contributing ideas, views and recommendations for best practices and process improvement.
  • Ability to work independently with a high-level of accuracy and strong attention to detail.
  • Strong analytical, communication and decision-making skills.
  • Knowledge of Employee benefits laws and regulations
  • Strong Microsoft Office (Excel, Word, PPT etc.), and HRIS skills
  • Demonstrates excellent analytical skills, and applies functional benefits knowledge to solve problems and identify opportunities for improvement
  • Looks for process efficiencies and streamlines processes from beginning to end with little oversight.
  • Communicates clearly and concisely, both orally and in writing
  • Ability to manage and prioritize multiple projects, and stays focused on achieving goals
  • Establishes and maintains cooperative working relationships with all levels of employees, internal and external stakeholders.

Responsibilities

  • Subject matter expert for health & benefits, retirement, and wellbeing programs to respond to employee inquiries.
  • Provide day-to-day administration and resolve employee issues on the U.S. Health and Benefits plan; Canada Health and Benefits plan and retirement plans.
  • Assist U.S. retirement 401(k) plan, executive top hat plan, employee stock purchase plan (US and Singapore), pension administration.
  • Knowledge of legal requirements related to day-to-day management of employees, reducing legal risks, and ensuring regulatory compliance as it relates to the above plans.
  • Partner with HRBPs and communicate with HR leaders to research employee escalations on employee benefits.
  • Process benefits vendor invoices.
  • Processing of death benefits. Includes death benefit counseling and knowledge of the life insurance process.
  • Responsible for the day-to-day administration, analytics, and reporting.
  • Ensure all plans meet Federal and State regulations and are utilized effectively by employees. Make recommendations where appropriate for plan enhancements and cost savings.
  • Assist with compliance tasks including 5500 audit, Summary Annual Report (SAR) distribution, Retirement Drug Subsidy (RDS) coordination, partner with consultants on HIPAA training, SPD and wrap plan document updates. Ensures timely submissions of all benefit-related filings.
  • Support all plan audits.
  • Manage Service Now escalations—providing tier 2 & 3 level support.
  • Manage plan vendors with ongoing meetings, communication, process improvements, SLAs.
  • Ensure proper documentation and follow through are completed in a timely manner with good communication of results to both employees and managers.
  • Manage processes for U.S. and Canada new joiners and Benefits orientation presentations.
  • Assist with informing employees about their benefits packages.
  • Assist with M&A and Divestitures as needed, providing benefits information and guidance to employees.
  • Assist with Open Enrollment preparation, audits and reporting.
  • Assist with Open Enrollment tasks, testing, communication review as needed. Support with open enrollment Benefits fairs.
  • Assist with Wellbeing programs.
  • Completes all special projects and other duties as assigned.

FAQs

Do we support remote work?

Yes, we offer a hybrid work environment with in-office work 2-3 days per week.

What locations does this job cover?

This role focuses on benefits for employees in the U.S. and Canada.

What experience is required for this position?

A minimum of 4 to 5 years of experience in benefits administration is required, covering areas such as Health & Welfare, Leave Administration, and 401(k) or Pension plans.

What kind of education is needed for this role?

A Bachelor’s degree is required for this position.

What software skills are necessary for this job?

Working knowledge of PeopleSoft, Oracle, Business Solver, ADP, various HRIS, and benefit provider systems is required, along with strong Microsoft Office skills.

What are the primary responsibilities of this role?

Responsibilities include day-to-day administration of employee benefit programs, vendor management, compliance tasks, employee support, processing benefits vendor invoices, and assisting with various benefit-related projects.

How do we handle employee inquiries regarding benefits?

The Benefits Specialist will act as a subject matter expert for health & benefits, retirement, and wellbeing programs to respond to employee inquiries.

Are there opportunities for growth within the company?

Yes, Verisk encourages career development and provides opportunities for learning and growth, supported by coaching and training.

What benefits does Verisk offer its employees?

While specific benefits are not detailed in the job description, employees can expect various health and welfare, retirement, and wellbeing programs.

What skills are important for success in this role?

Strong analytical, communication, relationship management, and decision-making skills are important, along with attention to detail and the ability to manage multiple projects.

Is prior knowledge of employee benefits laws and regulations necessary?

Yes, knowledge of employee benefits laws and regulations is a necessary qualification for this position.

Does Verisk promote diversity and inclusivity?

Yes, Verisk makes inclusivity and diversity a top priority and has been recognized for its outstanding workplace culture.

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Verisk

Technology
Industry
5001-10,000
Employees
1971
Founded Year

Mission & Purpose

Verisk provides expert data-driven analytic insights that help business, people, and societies become stronger, more resilient, and sustainable. Since we opened our doors in 1971, we’ve been driven by a passion for using data and insights to make a difference—helping protect people, economies, society, and our planet. For more than 50 years, we’ve combined our unique data with advanced technologies in new ways to unlock meaningful insights about risk, moving forward to become a global leader in cutting-edge analytics. We’ve stayed at the forefront of developing innovations to help customers manage the risks they face. Globally, we’re more than 9,000 people strong, all of us on a mission to achieve both profitable outcomes and positive societal impact. Verisk has received U.S. certification from Great Place to Work® for seven consecutive years. Verisk has also earned Great Place to Work certifications in the United Kingdom, Spain, Poland and India. In addition, Verisk was named one of the 2022 Best Workplaces in New York by Fortune magazine and Great Place to Work. In the United Kingdom, Verisk was recognized by Great Place to Work as a Best Workplace for women, tech and well-being. Verisk was also honored on the Best Workplaces lists in the UK, Spain and Málaga. We’re focused on making the world better, safer, and stronger. Verisk is a member of the UN Global Compact, the world’s largest corporate citizenship and sustainability initiative.