Benefits Consultant

Job Description

The primary purpose of the Benefits Consultant position will be to ensure all of our benefit programs are administered accurately, fairly and in compliance with all governmental regulations to avoid significant financial and fiduciary penalties. The Benefits Consultant should be the internal subject matter expert when it comes to the operation of UC Health?s benefit programs. In addition, they must adhere to Plan Documents and UC Health internal policies while also acting in the best interests of our associates.

Responsibilities

Consulting and Education -

Apply knowledge of benefit programs and internal policies to educate UC Health leaders, associates, dependents and retirees Consult on sensitive situations with associates such as terminations, lay-offs, deaths, divorces, medical issues etc... Responsible for UC Health system-wide financial education initiatives Coordinate and staff UC Health benefit fairs Conduct new hire orientation benefits presentation Participate in annual benefit design process in preparation for open enrollment.

Administration of Benefit Plans -

Responsible for plan administration according to the terms of the Plan Document Review and approve distribution requests from the plans, including mandatory cash outs, minimum required distributions Prepare annual contribution calculations via Excel Ensure all contributions are made timely and accurately to participants accounts.

Research and Analysis of Benefit Plans -

Review and research HRMS audit reports to ensure on-going accuracy of benefit data Proactively identify issues and provide sound recommendations for action Responsible for responding to benefit survey requests Continual review of current programs usage and cost Evaluation of new trends in the market.

Financial Stewardship of Benefit Plans -

Ensure benefit programs are being appropriately administered to avoid costly corrections Prepare vendor invoices for payment Responsible for timely and accurate benefits processing.

Plan Compliance -

Ensure all programs are administered in compliance with ERISA, the Internal Revenue Service, Department of Labor and any other regulatory agencies Responsible for completion of annual compliance testing Prepare necessary data for plan audits and Form 5500 filings Review and track sending of annual compliance notices.

Qualifications

Minimum Required: Bachelor's Degree

Minimum Required: 3 - 5 Years equivalent experience