CVR Energy Hiring for BENEFITS SPECIALIST I at Sugar Land, TX Full Time

The Benefits Specialist II works with other members of the Benefits team to provide effective, timely and compliant administration of CVR Energy’s employee benefit plans. Administers all aspects of the daily administration of the Company’s health and welfare and 401(k) plans, including employee deferral elections, participant loans, maintenance of electronic files and reporting, utilizing both the internal HRIS system and third-party recordkeeping systems. Reviews, verifies, and processes for payment vendor invoices; prepares plan funding requests for each payroll.

Serves as a subject matter expert for benefits related issues, including employee inquiries and support of local HR representatives. Uses independent judgment and decision making to evaluate and make recommendations about benefit plan administration.

EDUCATION REQUIREMENTS

• Bachelor’s Degree required, preferably in Business, Human Resources, or related field.
• Three (3) to five (5) years of relevant work experience in a corporate Benefits Department.
• Certified Employee Benefits Specialist (CEBS) and/or Certified Benefits Professional (CBP) preferred.

EXPERIENCE REQUIREMENTS

• Intermediate knowledge of 401(k) defined contribution plan design and administration.
• Working knowledge of federal laws and regulations pertaining to the compliant operation of employee benefit plans, particularly the Employee Retirement Income Security Act of 1974 (ERISA).
• Experience overseeing the correction of operational failures under the various programs of the Employee Plans Compliance Resolution System (EPCRS) of the Internal Revenue Service.
• Mathematical aptitude, strong analytical skills.
• Proficiency with Microsoft Office Suite including Excel.
• Ability to communicate effectively orally and in writing.
• Excellent interpersonal skills.
• Well organized with finely tuned attention to detail.
• Uncompromising integrity and ability to maintain strict confidentiality.
• Ability to work independently and collaboratively within a team environment to produce results.
• Fluent in English, oral and written required.
• Ability to adjust schedule to meet business needs.

MAJOR ACCOUNTABILITIES

• Administers employee benefits including but not limited to health and welfare plans, FSA’s and the maintenance of employee benefit records.
• Ensures proper requisitions, contracts and agreements are on file to support each plan. Ensures plan documents are current and accurate for each plan and filed/communicated appropriately throughout the year.
• Partners with broker-consultant to ensure 5500 filings for health and welfare plans are completed accurately and submitted timely.
• Prepares and submits data files and internal reporting for 401(k) Plans’ Form 5500 filings, annual compliance testing and year-end data collection.
• Drafts and prepares certain benefits compliance materials as required including but not limited to: 5500 filings, Summary Annual Reports and Summary Plan Descriptions.
• Coordinates administration of Company-sponsored 401(k) plans in compliance with legal and regulatory requirements.
• Performs a bi-weekly review and reconciliation of the 401(k) contribution files and coordinates the wire transfer of funds to the appropriate trustee.
• In coordination with the Plans’ recordkeeper/trustee, conducts semi-annual review of all qualified plan data.
• Coordinates data collection and provides accurate and timely responses to external audit firm related to the completion of the audited financial statements included with the 401(k) plans’ annual Form 5500 filings.
• Receives and reconciles invoices from service providers; processes and submits timely funding requests.
• Handles benefits inquiries and complaints to ensure quick, equitable, courteous resolution for employees. Provides timely and effective delivery of benefit services to ensure that the employee and/or department’s objectives are met.
• Assists in the administration of the annual open enrollment process including HRIS system changes and testing, open enrollment communications, training, and audit of open enrollment data.
• Obtains current regulatory and compliance information to assist with policy development for health and welfare plans.
• Partnering with the outsourced leave administrator, ensures compliance with the Family and Medical Leave Act of 1993 (FMLA).
• Partners with the Sr. Benefits Specialist to ensure accurate and current employee benefit information is maintained on the Benefits page on MyCVR.
• Drafts written communications to employees regarding benefit plans and policies.
• Regularly communicates with supervisor regarding work progress, concerns and questions.

EXPECTED RESULTS

• Timely and accurate submission of 401(k) plan bi-weekly contribution and loan files to third-party administrator (Recordkeeper/Trustee); timely and accurate funding transfers.
• Fully compliant administration of 401(k) plans according to ERISA, the Internal Revenue Code and all applicable regulations.
• Successful open enrollment process, effectively and accurately implemented on a timely basis.
• Invoices from service providers reconciled and funded on or before due date.
• Full regulatory compliance with Federal, State, and Local government rules and regulations.
• Excellent customer service for employees.
• Adherence to all company policies and procedures.

Applicants must be eligible to work in the United States. The Company will not sponsor immigration or work visas.

CVR Energy is an EEO and affirmative action employer. We encourage qualified minority, female, veteran, and disabled candidates to apply.

Job Type: Full-time

Pay: $67,000.00 – $87,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Referral program
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

Ability to commute/relocate:

• Sugar Land, TX 77479: Reliably commute or planning to relocate before starting work (Required)

Education:

License/Certification:

• Certified (CEBS) and/or Certified (CBP) preferred. (Required)

Work Location: One location