Senior Benefits Analyst and Compliance Partner

DigiKey

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profile Job Location:

Bloomington, IN - USA

profile Monthly Salary: $ 80000 - 110000
Posted on: 7 days ago
Vacancies: 1 Vacancy

Job Summary

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; complete annual plan testing and auditing; and be responsible for completing required filings and distribution of required plan notices. This position will also be responsible for management of plan documents and work to 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 be responsible for providing analytics to support data driven decisions for benefit and wellness plan engagement.

This is a hybrid position; with a standard Monday and Wednesday onsite schedule. Other onsite work may be required as business needs dictate.

Responsibilities:

  • Develop and maintain standard reports required for the benefits 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 evaluate 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

  • Other duties as assigned including but not limited to 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 Finance or a related field; or equivalent relevant work experience.

  • 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:

$80000

to

$110000

Many 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 all qualified candidates including protected veterans and individuals with disabilities and 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 .

Know Your Rights: Workplace Discrimination is Illegal


Required Experience:

Senior IC

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 o...
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DigiKey offers millions of products from thousands of manufacturers, many in-stock quantities available to ship same day. Apple Pay, Google Pay™ & Paypal accepted, order online today!

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