Benefits Specialist

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Description

POSITION SUMMARY: The Benefits Specialist at Kennebec Savings Bank is responsible for managing and administering the banks employee benefits programs, including health, retirement, leave, wellness, and other benefit plans. The role ensures that the banks benefit offerings align with industry standards and meet the workforce's diverse needs.

Key Responsibilities

1. Benefits Program Management: Administer and oversee employee benefits programs, coordinate enrollments, and facilitate annual open enrollment processes. Stay updated with industry trends and explore new benefit options.
2. Retirement Plan Administration: Manage the 401k plan, partner with third-party administrators, and maintain records and reports.
3. Retiree Benefits: Serve as the primary contact for retiree benefit inquiries and facilitate annual enrollments.
4. Enrollment and Onboarding: Coordinate benefits onboarding for new hires.
5. Leave Administration: Process leave requests, interpret FMLA and ADA implications, and coordinate workers' compensation claims.
6. Compliance and Reporting: Ensure compliance with laws like ERISA, ACA, ADA, HIPAA, and manage annual filings.
7. Vendor Management: Collaborate with benefit providers and reconcile invoices.
8. Record Keeping and Documentation: Maintain confidential benefit records.
9. Policy Development and Review: Participate in policy development related to benefits.
10. Payroll: Provide leave and premium deduction information, support payroll processes, and ensure regulatory compliance.
11. Support Bank products/services: Maintain product knowledge and assist in customer communication.
12. Community/public relations: Participate in community events and represent the bank.
13. Other outside activities: Engage in industry groups and educational programs.
14. Other duties: Attend meetings, training, and comply with bank values and policies.

Requirements

• Bachelor's degree or equivalent work experience.
• 3-5 years benefits administration experience.
• CEBS, SPHR/PHR, SHRM-SCP, or SHRM-CP certifications are a plus.
• Experience with self-insurance preferred.
• Proficiency with HR systems, benefit portals, and MS Office.
• Ability to handle sensitive information confidentially.
• Experience in group presentations.

Other Requirements

• Valid drivers license and insurance.
• Strong communication, analytical, and organizational skills.
• Ability to lift approximately 20 pounds.
• Ability to work extended periods at a computer and stand or sit for long durations.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Human Resources
• Industry: Banking