Meruelo Group is a privately-held company providing strategic consulting and business support services to a diversified group of client companies across a wide range of industries including: Construction and Engineering, Hospitality and Gaming, Television, Radio, Real Estate, Food Services, Financial Services, Professional Sports and Private Equity.
The Benefits Specialist is responsible for managing the company’s Total Rewards Program in order to ensure regulatory compliance across all Meruelo companies.
Essential Duties and Responsibilities:
· Manage all self-funded benefit plans and programs, including but not limited to health insurance, disability insurance, life insurance, COBRA, FMLA, 401k and all other health and welfare initiative.
· Thoroughly review all monthly benefit reconciliations, ensuring all are balanced prior to payment processing. Ensure all variances are addressed monthly with each respective payroll contact across all client companies.
· Responsible for overseeing the flow of communication, distribution, and follow through on newly eligible benefit enrollments ensuring all employees are enrolled and/or declined. Required documentation must be retrieved and stored.
· Provide support during the annual benefit plan renewal strategy and annual claims review process, including configuration, testing and roll out, negotiations with broker, benchmarking and costs analysis as well as policy and strategy implementation.
· Provide administrative support in Company’s 401k plan, which includes tracking investment activity, performing quarterly audits, participation and management in annual external audits, loan review and approvals, etc. Role will partner with both internal and external customers and TPAs.
· Respond and support external 401k plan auditors annually.
· Manage & coordinate Open Enrollment, to include enrollment support across all entities, as well as management and collection of required dependent documentation.
· Audit all deduction set up/entries in the payroll system for all newly eligible employees per established monthly deadlines.
· Provides administrative support for ACA reporting and related demographic imports into the benefits TPA system.
· Ensure all approved voluntary benefit reconciliations are emailed to each respective Accounts Payable representative within the organization by the designated deadlines, once approved.
· Ensure supporting documentation/check detail to the voluntary benefit billing team is submitted monthly in order to post payments to accounts.
· Make recommendations for process improvement and accurate workflow.
· May perform other duties as assigned by leadership.
Minimum Requirements:
· Bachelor’s degree and/or equivalent years of experience required
· Minimum 5 years of experience in benefits required
· 3 years in a supervisory or management role working with self-funded plans is required
· 3 years’ experience managing a 401k or retirement plan
· Polished written and oral communication skills and a strong sense of urgency and time management required
· Comfortable working in a fast paced environment, where expectations are high
· Computer proficiency with advanced level skills in MS Excel required (i.e. Pivot Table, V-lookup, If/Then formulas). Access and other data analysis programs, and PowerPoint
· Strong attention to detail, self-starter, and the ability to multi-task essential
· Ability to handle sensitive and confidential information with extreme professionalism
· Must have ability to interpret and present data; Identify and research data anomalies
· Bilingual in Spanish is highly preferred
Meruelo Group, LLC offers a very competitive pay and benefits package including medical, dental, vision, life insurance and 401k
Meruelo Group, LLC is an Equal Opportunity Employer
Job Type: Full-time
Pay: $75,000.00 – $90,000.00 per year
Benefits:
Schedule:
Experience:
Work Location: One location
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