Benefits Specialist

at  Truist Bank

THE POSITION IS DESCRIBED BELOW. IF YOU WANT TO APPLY, CLICK THE APPLY BUTTON AT THE TOP OR BOTTOM OF THIS PAGE. YOU’LL BE REQUIRED TO CREATE AN ACCOUNT OR SIGN IN TO AN EXISTING ONE.

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PLEASE REVIEW THE FOLLOWING JOB DESCRIPTION:

Research, analyze and administer corporate welfare and retirement benefits. Effectively coordinates all cases/claims to include general administration, comprehensive case management and program compliance with ERISA, HIPAA, and all related laws. Provides superior service and guidance to teammates, executives, and HR Business Partners.

EDUCATION AND EXPERIENCE

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in Human Resources or related field,
• 5+ years of experience in administering welfare benefits and/or retirement plans.
• Prior Workday experience (preferred)

FUNCTIONAL SKILLS

• Excellent working knowledge and proficiency in Microsoft Office, HRIS, and other HR related applications.
• Ability to identify and resolve complex problems or procedural irregularities, collect data, interpret facts to draw valid conclusions and make proper recommendations to management.
• Possess superior time management and organizational skills with attentiveness to detail. Ability to analyze information and convert related tasks into a comprehensive work plan.
• Communicate in a clear, effective and respectful manner whether verbally or in writing.

GENERAL DESCRIPTION OF AVAILABLE BENEFITS FOR ELIGIBLE EMPLOYEES OF TIH:

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit our Benefits site. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

KEY RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Consult and provide expert guidance to HR Business partners, active and terminated teammates regarding health and welfare, and retirement (qualified and non-qualified defined contribution plan) benefits (“benefit plans”). Work independently with minimal need for guidance from the Benefits Administration Manager in the day-to-day operations.
• Stay abreast of legal and benefit plan requirements and ensure processes and plan provisions remain compliant.
• Work closely with brokers and vendors to track tasks and issues.
• Interpret and administer benefit plans and policies to ensure adherence to federal and state laws as well as internal guidelines.
• Process full range of benefit plan transactions in accordance with written policies and procedures.
• Serve as a back-up and provide support to team members and serve as a skilled resource for internal training.
• Counsel newly acquired teammates on the transition of their former benefit plans to the new benefit programs available. Capable of comprehending and interpreting the acquisitions’ former benefit plans to effectively communicate these transitions to teammates and retirees.
• Efficiently execute and prioritize daily time-sensitive tasks and requests in addition to maintaining ongoing projects and processes in a timely and proficient manner.
• Manage leave of absence requests and processes, including FMLA, ADA, and state-specific leaves.
• Respond to employee inquiries related to benefits and leave.
• Provide support for Workday system administration and reporting, including data entry, maintenance, and reporting.
• Draft and maintain standard operating procedures (SOPs) for benefit processes.
• Process benefit invoices, including data entry, reconciliation, and payment.
• Process 401(k) contributions, loans, distributions, and prepare required reports.
• Prepare and file required government reports, including ACA reporting.
• Maintain accurate and up-to-date employee benefit records.

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in Human Resources or related field,
• 5+ years of experience in administering welfare benefits and/or retirement plans.
• Prior Workday experience (preferred