The American Bankers Association is the banking industry's champion. Joining ABA makes you part of a team that: • has Extraordinary People - ABA experts are the "go to" sources for bankers, policy makers and the media for credible information and insights for the banking industry. • has Unmatched Scope and Scale - ABA's unparalleled information and services keep members current, knowledgeable and prepared. • is Impact-Driven - ABA has a proven record of bringing about positive change for our members and the industry. We take action and achieve results. Plus competitive pay, an outstanding benefits package, a convenient DC location, a professional collegial work environment and an opportunity to work on issues of national significance equals a winning combination!
Did you know that women and other marginalized groups are often reluctant to submit job applications if they don’t meet 100% of the requirements? We encourage you to take a chance! If you don’t satisfy every criterion, but know you can excel in the role, we urge you to apply! We’d love to connect and talk with you about joining our team.
Employer of Choice: ABA is recognized with a 2023Great Company Culture Award and 2024 Great Place to Work designation!
Job Description:
Position Summary
The Benefits Specialist supports the HR Benefits Department by providing effective administration, communication and general support in executing the company’s benefits programs, initiatives, and strategic objectives. This position reports directly to the VP, Employee Benefits.
Key Responsibilities:
Manage the day-to-day administration of all health and welfare and retirement programs, including, but not limited to medical, dental, vision, life insurance, 401(k) and 457(b) plans.
Manage the day-to-day administration of the retiree medical and life insurance benefits programs.
Function as first-level support for all benefits inquiries, with escalation to senior benefits staff as needed.
Provide key support for the annual Open Enrollment project, including Workday testing support, communicating benefit plan changes to employees and managing COBRA open enrollment.
Conduct benefits new hire orientation and serve as primary POC for benefits onboarding activities.
Partner with external vendors and consultants, as well as internal communications staff, to develop ongoing benefits communications that engage employees using various tools and modes of communication.
Maintain updates to benefits communication content.
Process and reconcile all benefits invoices each month, including preparation of monthly eligible expense reports for the retiree VEBA.
Assist with preparation of reports and applications required by law to be filed with federal and state agencies (e.g., Form 5500, Non-Discrimination Testing, etc.).
Maintain Summary Plan Descriptions, Plan Documents, Benefit Summaries and Summary of Benefits and Coverage (SBCs).
Ensure ABAs compliance with provisions of the Employee Retirement Income Security Act (ERISA), the Affordable Care Act (ACA), the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), Fair Labor Standards Act (FLSA) and other pertinent laws.
Provide high level support to employees on Leaves of Absence programs including referrals to third party administrator on short-term and long-term disability, FMLA, ADAAA, and workers compensation.
Other duties as assigned by business needs.
Requirements:
5-7 years of solid benefits administration experience.
Ability to communicate succinctly and effectively, both verbally and in writing, with employees, management, and benefit vendors/consultants.
Ability to manage and prioritize multiple projects in a fast-paced benefits department.
Ability to create and maintain complex spreadsheets, successfully manage Workday HRIS and data audits, and manage billing reconciliations.
High standards of quality and accuracy; attention to detail required.
Excellent and responsive customer service skills.
Excellent written and verbal communication skills including navigation/translation of legal plan documents. Proven experience writing direct-to-employee communications.
Ability to manage confidential and/or sensitive issues and policies.
Education and Experience
Bachelor’s degree in human resources, business administration or related field is required.
PHR, SHRM-CP or CEBS certification preferred.
Experience with Workday preferred.
High level of proficiency with Microsoft Word, Excel, PowerPoint, and Outlook.
The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to do the following:
Communicate verbally and respond to verbal communications in person and over the phone
Communicate clearly and succinctly in writing.
Engage in intermittent physical activity, including bending, reaching, lifting, filing, and prolonged periods of sitting
Travel minimally, via car or plane, which requires ability to manage luggage, laptop, and briefing materials (up to 25 pounds)
Salary Band Range:
$68,177.00 - $95,477.00 - $122,777.00
American Bankers Association (ABA) is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, age, sex, marital status, gender identity, sexual orientation, disability, protected Veteran status, personal appearance, political affiliation, family responsibilities, or any other characteristic protected by applicable law.
ABA encourages and celebrates diversity so if you are motivated, hardworking and want to make a difference, come as you are!
The American Bankers Association is the united voice of America’s hometown bankers—small, regional and large banks that together employ more than 2 million women and men, hold nearly $17 trillion in assets, safeguard $12.8 trillion in deposits and extend more than $9 trillion in loans. ABA believes that government policies should recognize the industry’s diversity. Laws and regulations should be tailored to correspond to a bank’s charter, business model, hometown markets and risk profile. This policymaking approach avoids the negative economic consequences of burdensome, unsuitable and inefficient bank regulation. Through a broad array of information, training, staff expertise and other resources, ABA supports America’s hometown bankers as they perform their critical role as drivers of America’s economic growth and job creation.
