Benefits Administrator
Business Wire
Benefits Manager
Sullivan & Cromwell LLP
full-time
Posted on:
Origin: • 🇺🇸 United States • Illinois
Visit company websiteSalary
💰 $113,740 - $150,647 per year
Job Level
Mid-LevelSenior
About the role
- Reports directly to the Senior Manager – HR Shared Services and oversees administration and compliance of all US team member benefit programs, including health and welfare, leaves of absence, and the S&C KSOP retirement plan.
- Oversees day-to-day operations, manages vendor relationships, and provides support to team members, collaborating with the Global Benefits Director.
- KSOP Plan Administration responsibilities covering eligibility, contributions, distributions, vesting, compliance testing, diversification, uncashed checks, regulatory compliance, audits, Form 5500, participant communications, financial modeling and forecasting, reconciliations, trustee/administrative committee liaison.
- US Benefits Plan Administration covering medical, dental, vision, life, disability, leave of absence, COBRA; vendor management; open enrollment; compliance with ACA, HIPAA, FMLA; budget forecasting.
- Team Member Support & Communications: develop reference documents, provide escalated support, partner with HR operations and payroll, create benefit communications and FAQs.
- Collaboration & Governance: implement global benefit strategies in U.S., recommend improvements, support M&A and vendor transitions.
- Additional functions: attendance, meeting participation, effective communication, other responsibilities as assigned.
Requirements
- Bachelor's Degree in Human Resources, Business Administration, or a related field.
- Certified Employee Benefit Specialist (CEBS) or Certified Benefits Professional (CBP)
- 5+ years of progressive experience working with U.S. benefits administration, including 2+ years of leadership.
- Sound technical knowledge of applicable federal and state laws and regulations (ERISA, ACA, HIPAA, COBRA, FMLA, etc.), including KSOP plan forecasting, modeling, compliance testing, eligibility audits, participant diversification oversight, distribution processes, and contribution calculations.
- Experience managing vendors and third-party administrators.
- Sound project management and communication skills (written, verbal, listening, and presentation); able to liaise effectively with internal and external stakeholders to support decision-making and drive desired results.
- Excellent analytical skills, especially related to retirement and benefit plan data.
- Great attention to detail and ability to manage sensitive and confidential information with discretion.
- Proficient with Microsoft applications (Teams, SharePoint, Office applications, etc), including excellent Excel skills.
- Ability to travel as required. Preferred:
- Qualified Plan Administrator (QPA) or Qualified 401(k) Administrator (QKA)
- 2+ years of experience involving ESOP administration.
- Experience with non-discrimination testing and repurchase obligation modeling.
- Vendor management experience, particularly with third-party administrators, auditors, and legal advisors
