Benefits Consultant

About the role

The Benefits Consultant at MFS is responsible for designing, implementing, and managing employee benefits programs and initiatives that promote overall employee well-being or end-to-end operations of the Benefits team.

Responsibilities

• Oversee Benefits processes and systems with an emphasis on process improvement to ensure top-notch employee experience and accurate records in compliance with all local, state and federal regulations.
• Ensure thorough formal documentation for all benefits processes and accurate records are maintained while providing top notch employee support.
• Maintain and update annual compliance calendar.
• Monitor current and emerging market trends for benefit programs and their delivery, as well as data related to employee benefits utilization and program participation, to develop and provide recommendations to Director of Benefits and HR leadership.
• Maintain proper Plan documents for Welfare and Retirement Plans. Working with Legal, ensure legislative updates are reflected in documents. Review procedures and update as needed to comply with local, state and federal legislative changes to ensure alignment with employee policy manual.
• Manage all Benefit vendor relationships in adherence with MFS internal vendor requirements. Working with Legal, Risk, and IT, ensure all vendor due diligence is performed in a satisfactory manner. Making recommendations as necessary in the event of under-performing vendors.
• Participate in all global benefits RFPs as lead for reviewing and onboarding benefits vendors.
• Create compelling global benefits communication plan; identifying opportunities for communication and working with business partners to ensure communications are effective.
• Lead ongoing global pension review, partnering with local working groups and providing regular updates to appropriate bodies, including the Retirement Investment Committee, to ensure proper governance and oversight of retirement plans globally.
• Oversee all benefits audits, including annual retirement plans audit. Ensure compliance with applicable laws and regulations, such as the Affordable Care Act (ACA), the Health Insurance Portability and Accountability Act (HIPAA), and Massachusetts Paid Family Medical Leave Act (MPFML).
• Responsible for ensuring timely filing of all state and federal US regulatory filings.
• Support global team with relevant local filings.
• Partner with benefits and technology teams ensure benefits administration tasks are operationalized on the Workday platform where appropriate with a focus on continuous improvement.
• Conduct data audits in addition to regularly scheduled reconciliations to ensure data accuracy across all systems.
• Review and approve all leave of absence and Americans with Disabilities Act (ADA) accommodation requests, ensuring compliance with all applicable regulations and internal procedures.
• May manage and provide Benefits Associate/Sr. Associate

Requirements

• Bachelor's Degree required.
• 5-6+ years Benefits/HR experience required.
• Demonstrated abilities using analytical thinking/problem solving skills in identifying issues and providing solutions as required, partnering with employees, internal partners, and vendors to resolve issues.
• Solid organization and time management skills with demonstrated ability to effectively manage multiple priorities and meet deadlines.
• Ability to protect and maintain highly confidential information.

Qualifications

• Strong interpersonal skills with demonstrated ability to build and maintain productive working relationships with a wide range of contacts.

Skills

• Strong analytical and problem-solving skills.
• Excellent organizational and time management skills.
• High level of confidentiality and attention to detail.

Benefits

• Base Salary Range: $79,000.00 - $113,000.00
• This position is eligible for competitive incentive bonus.

Pay

• Base Salary Range: $79,000.00 - $113,000.00

Schedule

• MFS is a hybrid work environment (remote/onsite).