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Senior Benefits Specialist, Retirement

Company: Verisk
Location: Jersey City
Posted on: January 21, 2023

Job Description:

Company Description
We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.
Job Description
Come join Verisk's corporate Benefits team! This Senior Benefits Specialist will play a key role in leading the day to day administration of employee benefit programs, with a focus on retirement. The role reports into our Jersey City, NJ office, offering a hybrid work environment with in-office work 2-3 days/week.

  • Act as COE and manage day to day administration and employee resolution issues to the 401(k) plan, executive top hat plan, employee stock purchase plan (US and Singapore), pension and retiree administration.
  • Maintain in-depth 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 HR staff of BUs for employee escalations on all employee benefits; update leadership where necessary.
  • Manage retiree death benefit counseling and process; manages active employee death benefit counseling and process.
  • Responsible for the day-to-day administration, analytics, and reporting of benefits as well as participating subsidiary companies.
  • Ensure all plans meet Federal and State regulations, and are utilized effectively by employees, make recommendations where appropriate for plan enhancements and cost savings
  • Manage compliance tasks including 5500 audit, SAR mailings, RDS coordination, partner with consultants on HIPAA training, and developing a wrap document for plans, SPD and plan document coordination for updates and posting. Ensures timely submissions of all benefit-related filings.
  • Manage all retirement plan audits.
  • Manage Service Now escalations-providing tier 2 & 3 level support.
  • Manage retirement plan vendors with ongoing meetings, communication, process improvements, SLAs.
  • Ensure proper documentation and follow through are completed in a timely manner with solid communication of results to both employees and managers.
  • Manage process for newly benefits eligible employees with benefits orientation delivery. Provide access to training and 1:1 sessions; periodic ad hoc communications jointly with 401(k) recordkeeper and stock plan administrator.
  • Assist with delivery of communication strategy to inform employees about their benefits packages.
  • Assist with M&A and Divestitures as needed, providing benefits guidance and orientations for M&A groups as needed.
  • Assist with Open Enrollment rates gathering, audit, and input.
  • Assist with Open Enrollment tasks, testing, communication review as needed.
  • Assist with Wellness initiatives as needed, partner with the EE Experience Team on initiatives such as blood drives, flu shots, ThriVe program as needed.
  • Completes all special projects and other duties as assigned
  • Working knowledge of PeopleSoft, Oracle, Business Solver, various benefit provider systems a plus.
    • Bachelors degree required.
    • 10+ years of HR Benefits experience preferred - with relevant skills in 401(k) plan administration, executive savings plan administration, stock plan administration, pension plan administration and retiree management including retiree medical plan administration.
    • Working knowledge of PeopleSoft, Oracle, Business Solver, various benefit provider systems a plus.
    • 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
      Additional Information
      In 2022, Verisk received Great Place to Work - Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We're also one of the 38 companies on the UK's Best Workplaces--- list and one of 18 companies on Spain's Best Workplaces--- list.
      For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we've grown to provide analytic insights that help transform industries focused on some of the world's most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.
      Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.
      We're 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.
      Everyone at Verisk-from our chief executive officer to our newest employee-is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
      • Be Remarkable by doing something better each day in service to our customers and each other
      • Add Value by delivering immediate and sustained results that drive positive outcomes
      • Innovate by redefining what's possible, embracing challenges, and pushing boundaries
        Verisk Businesses
        Underwriting Solutions - provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
        Claims Solutions - supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
        Property Estimating Solutions - offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient
        Extreme Event Solutions - provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.
        Specialty Business Solutions - provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance
        Marketing Solutions - delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement
        Life Insurance Solutions - offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.
        Verisk Maplecroft - provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
        At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work - Certification for the 7th consecutive year. We've been recognized by Forbes as a World's Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. Verisk's Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.
        Verisk Analytics is an equal opportunity employer.
        All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.
        Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.
        HR CCPA Privacy Notice.pdf

Keywords: Verisk, Jersey City , Senior Benefits Specialist, Retirement, Other , Jersey City, New Jersey

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