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Benefits Specialist
Career Insights for Compensation / Benefits Specialist
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What they do
A Compensation or Benefits Specialist evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
$66,762 / year median in the U.S.
+7% projected growth
Job Description
- Provides support for a specific client product/service to internal and external clients.
- Responds to and resolves questions. Administration of health, life, dental, vision, FSA, & disability insurance plans.
- Ensures compliance with Sec 125, FSA, COBRA, HIPAA, and FMLA & other applicable state & federal benefit laws.
- Process all new hire enrollments, life status changes & terminations.
- Monitor and maintain coverage of the inbound phone queue during business hours, providing timely, accurate, and professional assistance to worksite employees and clients regarding benefits, enrollment, eligibility, and other service-related inquiries. Escalate issues outside of scope as appropriate to ensure prompt resolution.
- Provides online medical, prescription & dental data entry with applicable carriers.
- Audits benefit enrollments & processes both client & employee adjustments as necessary.
- Provides assistance with adjudication of monthly bills as needed.
- Participates in the annual OE process.
- Coordinates transfer of benefit elections to participating carriers on a daily basis as needed.
- Compliance of governmental regulations.
- Utilizes Salesforce to document and communicate client and/or employee requests, challenges, issues and resolution.
- Maintains good oral and written communication skills with clients, sales and other service associates. Required Skills and Experience
- Must have high school diploma or GED
- Associates or bachelor's degree preferred
- Has a working knowledge of tools used to support client products and services.
- Task execution and follow-up.
- Accurate and detailed audits.
- Demonstrated follow-up skills to ensure timely and effective closure of open items on sales orders and throughout the implementation process.
- Ability to multi-task, to organize work based on priority and to meet deadlines.
- 1-3 years of customer service experience preferred.
- Call center experience preferred.
- Previous experience with benefits administration preferred.
- Excellent problem resolution skills.
- Ability to work well with others.
- Ability to work well under pressure.
- Strong oral and written communication skills.
- Knowledge of Microsoft applications (Word and Excel).
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