Benefits Manager
- Full-time
Company Description
We're looking for driven engineering and technical professionals at all career stages, from entry-level to mid-career to senior expertise. Whether you want to design for life, work in administration, or sell our products and solutions, there's a place for you. If you value opportunity, challenge, teamwork and the chance to be part of a dynamic global business where you can contribute immediately, we want to talk to you.
Job Description
ITT is seeking a Benefits Analyst to partner with a vibrant benefits team and assist in researching industry and employment trends. We need a team player who is looking to grow professionally, is passionate, and demonstrates a personal investment in the success of the team and the Company.
The Benefits Analyst will investigate escalated cases and support payroll and the financial resource center to provide analytical and technical support in the delivery of benefits programs. The ideal incumbent will support benefits programs such as retirement, health and wellbeing and other welfare plans. This key team member is the primary point of contact in maintaining employee facing communication platforms and is expected to operate with the utmost discretion. The Benefits Analyst will also support wellness programs, have budget oversight and billing for third party vendors. As a critical thinker, this team member will display enthusiasm, exuberance and a natural curiosity while supporting the benefits function in a well-organized manner.
At ITT, we have a clear vision of our purpose as a company and as a team – to partner with our customers in the transportation, industrial and oil and gas markets to solve their most critical problems. We are a leading manufacturer of highly engineered, critical components and customized technologies that provide differentiated solutions for our customers across the globe. Our portfolio has strength and durability, balance and diversity. In addition, our businesses are aligned with global growth drivers – urbanization, a growing middle class and sustainable development – that underpin our modern way of life.
Our work is made possible by the talent and contributions of our 10,000 employees around the world, who are committed every day to reflecting our principles of Impeccable character, Bold thinking and Collective know-how. Together, they are outstanding ambassadors for our long-standing brands – including Goulds and Bornemann pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components, to name a few – that are recognized and trusted globally.
Essential functions for the role:
- Support daily administration of the Company’s defined contribution plans including data collection requirements. Work closely with Payroll and the Plan Trustee and record-keeper to support continuous process improvements.
- Support Accounting and Value Centers on annual plan audits, including maintaining records throughout the year in anticipation of audit requirements. Coordinate and comply with all data requests from external auditors and actuaries.
- Prepare schedules and perform tasks as assigned by manager for: annual plan audits, government agency filings, and other special projects related to health and wellbeing plans, voluntary benefits and in conjunction with Risk Management regarding Workers Compensation.
- Identify, research and follow-up on procedural and discrepancy issues (i.e. vesting, FSA/HRA/HSA reconciliations, employee payroll deduction premium reconciliation), and work with the Senior Benefits Analyst to provide recommendations for resolution.
- Identify needs for modifications or changes in plan administrative procedures.
- Review invoices from legal and consulting firms to ensure that charges are accurate according to contracted work.
- Assist Manager, Benefits with health insurance administration. Assist with Annual Enrollment activities and the preparation and distribution of benefits communication and other materials. Assist with testing of program design updates in preparation for open-enrollment go-live. Escalate complex benefits processing issues to Benefits Manager.
- Maintain strong relationship(s) with vendors to investigate discrepancies, claim issues, and troubleshoot concerns. Respond to queries regarding benefits programs from HR community.
- Administer expatriate, third country national and world traveler healthcare plans in conjunction with global mobility program.
- Support retirement program administration. Generates reports of eligibility for review, reconciliation, auditing of eligibility, for approvals and transmission to vendors.
- Provide health plan administration support, including auditing eligibility, processing vendor invoices, and tracking self-insured funding requests.
- Manage Benefits Cost Center budget and all benefit plan invoicing, both plan and cost center chargeable.
- · Document and maintain administrative procedures.
- · Support projects led by International Benefits Manager as needed.
- · Support Wellbeing strategy and activities.
Qualifications
Candidate Essentials:
- BA/BS or demonstrated experience in Benefits.
- 3-5 years’ experience in the benefit arena.
- Problem solver with strong organizational skills and precise attention to detail; possess capacity to analyze information objectively and make a reasoned judgment.
- Demonstrated ability to interact and communicate effectively with customers of all organization levels; can work as an individual contributor and collaboratively as a team member.
- Professional, confidential, self-starter who is comfortable with ambiguity.
- Ability to prioritize and manage multiple requests and respond within appropriate timeframe.
- Proficient computer skills (e.g., Web/internet, Windows, Word, Excel (Strong), PowerPoint, etc.)
- Workday, Payroll and T&L experience a plus.
Key Competencies
Be at your best by including and working and learning from others; be collaborative by solving problems collectively
- Share, listen to, seek out and respectfully consider diverse ideas, perspectives, experiences and approaches
- Solicits the input and involvement of others when developing solutions and addressing conflicts
Be agile by learning and adapting
- Shows openness and is willing to learn, listen, and change his/her approach
- Adjusts and leverages resources to seize new team, customer, or organizational opportunities
Be business minded by thinking critically and understanding our business
Seeks manager’s perspective to expand own thinking
- Demonstrates passion for own role and contributions; understands the key factors that drive ITT’s financial success
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Additional Information
EEO Statement:
“ITT Inc. is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other characteristic protected by law.”
All your information will be kept confidential according to EEO guidelines.
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