Senior Benefits Analyst and Compliance Partner
Senior Benefits Analyst and Compliance Partner
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$ 80000 - 110000
1 Vacancy
Job Description
DigiKey is one of the fastest growing distributors of electronic components in the addition to offering the broadest selection of in-stock electronic components and providing the best service possible to customers employees have access to a highly competitive benefits package. To learn more visit our benefits and perks page.
Position Overview:
The Senior Benefits Analyst and Compliance Partner is responsible for data analytics and plan compliance requirements for the DigiKey Group Benefit Plan and Wellness Programs. This position will be responsible to provide reports analysis and any other information as requested by leadership. This position will guide special projects; provide regulatory interpretation; perform compliance reporting; and develop and implement compliance auditing and monitoring strategies. This position partners in the work of the Total Rewards Benefits Team to develop; recommend; and install approved new or modified plans and employee benefit policies and consults on administration of existing plans. This position will serve as the plan manager for retirement plans offered under the group benefits plan providing analytics to support data driven decisions for benefit and wellness plan engagement.Responsibilities:
Develop and maintain standard reports if required for the benefit wellness and leave of absence programs.
Participate actively in all new vendor implementations
Assist the Workday HRIS team with changes to the configuration documentation and maintenance of automated benefit processes and integrations with vendors.
Interpret census data and evaluates it for accuracy.
Serve as resource in annual renewal process and new vendor implementations monitoring for compliance with DigiKey specifications identifying key differences in bids and maintaining client databases within internal systems.
Liaise between benefit vendors/carriers and DigiKey with respect to data analytics and data transfer for plan eligibility participation coverage compliance matters and other benefit matters.
Add to and maintains client access to external online portals.
Confer with internal clients outside consultants attorneys third party administrators benefit record keepers and carriers to furnish or request necessary data.
Responsible for all aspects of health and welfare and retirement plan compliance including reporting filing of plan documents audits forms 5500 and all federal state local and other regulatory requirements such as ERISA COBRA and HIPAA.
Responsible for all aspects of Affordable Care Act (ACA) compliance including management of ACA reporting and review and sign-off of data submitted.
Participate in annual audits as needed and completes annual non-discrimination testing for group health and 401(k) plans.
Respond to requests for information required by the organization for its regulatory filings.
Support Open Enrollment including benefit administration configuration and testing plan document review and employee enrollment support
Evaluate current practices to improve efficiencies innovate to solve problems utilize data to build business cases
Execute business plans and contributes to the development of functional strategy and develops and executes business processes and ensures accuracy and consistency
Perform other incidental and related duties as required and assigned.
Other duties as assigned including but not limited to possible reallocation of efforts to other organizations per business need and management request.
Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time
Required Knowledge Skills and Experience:
Bachelors degree in human resources Business Administration or Finance
6 - 9 years of experience in the Health & Welfare and 401(k) Plans
Strong analytical problem-solving and technical skills are critical
Advanced skills and experience in using Excel. Proficient in the use of Word PowerPoint
Organized and detail oriented with strong verbal and written communication skills
Continuous improvement mindset
Preferred Qualifications
Knowledge of ERISA IRS and DOL regulations
Experience leading enterprise-wide initiatives
Experience with Workday configuration and/or testing
Tools/Systems/Software
Microsoft Office Suite
Physical Requirements:
Generally spend the workday sitting at a workstation and operating computer devices such as but not limited to keyboard mouse and screen
Generally spend the workday performing repetitive motions that involve or affect the hands head and other parts of your body
Compensation:
The base pay range for this position is:
$80000to
$110000Many factors influence the determination of base pay within a range including the candidates work experience in related roles; the candidates knowledge skills capabilities and performance; the relative pay of other DigiKey employees in similar roles; and the budget available for the position.
Must be authorized to work in the U.S. without the need for employment-based immigration sponsorship now or in the future. The employer does not offer immigration sponsorship for this opportunity.
DigiKey Electronics is an Equal Opportunity Employer. We encourage qualified minority female veteran and disabled and other diverse candidates to apply and be considered for open positions.
If you are an applicant with a disability and need a reasonable accommodation for any part of the employment process please contact Human Resources at 1- or .
Required Experience:
Senior IC
Employment Type
Full-Time
