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LG
Leavitt Group
Self-Funded Specialist (Employee Benefits)
Career Insights for Compensation / Benefits Specialist
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Scorecard
Based on Utah data
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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.
$66,782 / year median in Utah
+6% projected growth
Job Description
Self-Funded Specialist Company:
GBS Benefits, Inc. ( learn more at www.gbsbenefits.com )Business:
Employer-sponsored Group Benefits Consulting Location:
Salt Lake City, UT Team:
Self-Funded Strategic Solutions & Compliance Insurance License:
Required Job Type:
Full-Time Travel:
Local, minimal out-of-statePosition Summary:
The Self-Funded Specialist (SFS) position is primarily responsible for developing and maintaining strategic partnerships with our clients, internal GBS brokers and Consultants. The Self-Funded Specialist works collaboratively with our internal teams on all aspects of self-funding including but not limited to the execution and management of implementations, compliance regulations, stop loss, vendor management and plan design consultation. Must be an effective communicator, strategic thinker, consultative, can present and lead, foster healthy relationships and be open to other perspectives. Primary Job Responsibilities- Being involved in all aspects of the self-funded bid process and renewals as needed.
- Implement new and existing self-funded clients with carriers/TPA's and Pharmacy Benefit Managers (PBM's).
- Review Plan Documents, Summary Plan Descriptions, SBC's and Stop Loss contracts.
- Assist brokers with renewals, and prospects as needed.
- Coordinate with GBS staff to complete special projects.
- Review self-funded contracts, i.e., Administrative Service Agreements, NDA's, Business Associate Agreements
- Update and manage project management tool.
Required Qualifications & Experience:
- Self-funded healthcare experience is required
- Bachelor's degree preferred
- Proficient in Microsoft Office (Word, Excel, Outlook, Power Point)
- Strong and effective communicator via letters, emails, telephone calls, and in person conversations
- Positive attitude with a willingness and ability to work as part of a team
- A hard-working, detail oriented, multi-tasking, proactive, and organized individual, who excels at prioritizing tasks
Required Education:
- Bachelor's degree preferred