• Sr. Physician Benefits Consultant

    Job Locations US-IL-Chicago
    Posted Date 1 month ago(12/14/2018 1:50 PM)
    Requisition ID
    2018-8157
    Category
    Human Resources
    Position Type
    Regular Full-Time
    Shift
    Days
  • Overview

    **This position will support Physician Retirement Benefits but may expand to include Total Rewards in the future** 

     

    Manages and administers all aspects of the retirement programs including, but not limited to: defined benefit plans (i.e. pension), defined contribution plans (i.e. 403(b)), other qualified/non-qualified ERISA plans (i.e. Deferred Compensation, LTI, SERP), retirement planning and financial education programs. Handles the regulatory compliance processes for the retirement programs including but not limited to: annual 5500 reporting, summary annual reports, summary plan booklets, benefit plan audits, and PBCG filings. Ensures the programs meet employees needs, comply with legal requirements, and are cost effective.

    Responsibilities

    1. Manages and administers the employee retirement benefits programs. Provides guidance and assistance to the Human Resources team, management and employees on financial benefit programs while adhering to regulatory guidelines. Maintains and updates retirement benefits policies and procedure documents and related materials (P&Ps, benefit communication materials, etc.). 2. Acts as liaison to employees on retirement benefit plan questions, pension income estimates, savings plan enrollment/contributions/withdrawals/loans and related retirement program issues. 3. Works with retirement plans program vendors to continually evaluate program effectiveness and adherence to applicable regulatory compliance issues. Coordinates the auditing and payment of financial benefit plan invoices and benefit cost liability. 4. Coordinates the regulatory compliance audits and procedures for the retirement programs. Prepares, reviews, obtains necessary documentation for qualified plans IRS and ERISA mandated submissions and employee communications (i.e. 5500s, SARs, SPDs, etc.). 5. Participates in and collects market surveys of retirement benefits to maintain a current database to be utilized for assessing the competitiveness of the organization's retirement benefit programs. 6. Maintains and updates retirement benefits materials in cooperation with plan vendors and consultants to ensure accurate and effective communication of benefit programs. 7. Compiles and generates various reports to conduct analysis and evaluation of retirement benefit programs for continued enhancement and improvement. 8. Develops and manages a comprehensive financial education/communication program for employees from basic financial education to retirement planning. Participates in education and training sessions for employees on retirement benefit programs. 9. Works effectively with and encourages teamwork among all members of the HR staff to provide quality human resource services and to accomplish department goals. 10. Assists the Total Rewards department as needed (i.e. open enrollment, benefits orientation, benefits fair). 11. Other job functions as assigned.

    Qualifications

    1. Bachelor's degree in Business Administration, Human Resources or Communications required. 2. Minimum five (5) years of experience in human resources field with demonstrated successful experience managing employee financial security benefit programs required. 3. Strong practical knowledge of employee benefits programs especially retirement plans and related regulatory statutes (ERISA, federal and state regulations) in order to maintain compliance and provide guidance to the Human Resources department and organization management team. 4. Must possess excellent verbal, written and interpersonal communication skills in order to interact effectively with and establish rapport with all levels of management and staff employees. 5. Ability to manage and prioritize multiple projects and work effectively with minimal direction and supervision. 6. Personal computer proficiency including Windows, Microsoft Word, Excel and Access. Strong knowledge of human resources information systems and report generation. 7. Ability to maintain a high level of integrity and confidentiality relating to employee and hospital information.

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