A benefits administrator has numerous responsibilities within a company’s human resources department. The job description of a benefits administrator involves overseeing the systems of compensation and benefits of a company.
Benefits administrators perform tasks related to job analysis, pension research, attendance monitoring and workers’ compensation as well as other benefits.
Essential Duties and Responsibilities of a Benefits Administrators
•Assists in creating compensation packages that meet employees’ needs while helping the company control costs and remain competitive in the market.
•Administers the company’s benefits program.
•Reviews benefits programs particularly after mergers and acquisitions.
•Establishes best practices in recruitment, orientation, training, benefits and compensation.
•Analyzes existing wage and compensation policies especially in regards to government regulations.
•Chooses the benefits the company offers to employees.
•Knows the details of all benefits choices offered by the company.
•Explains employees’ health, dental and vision insurance as well as flexible spending accounts.
•Makes sure employees understand retirement plans and other benefits programs.
•Processes leave requests from employees.
•Facilitates affirmative action laws.
•Posts federal and state labor regulations in prominent places in the building.
•Recommends changes to employment policies to improve practices and methods.
•Communicates employee job descriptions.
•Performs employee evaluations.
•Performs employee background checks.
•Investigates references of applicants.
•Keeps meticulous records on each employee.
•Reviews proposals and chooses vendors that provide the best value for the company.
•Deals with physicians, insurance companies, attorneys, drug companies, third party administrators, workers’ compensation companies, consultants and other benefits vendors.
•Stays up-to-date on changing policies, technologies, services and state and federal regulations.
Required Knowledge, Skills and Abilities
•Must have experience with Microsoft Office, Access, Excel and PowerPoint.
•Must be detailed oriented and precise.
•Excellent written and verbal communication skills.
•Excellent organization skills and the ability to multi-task.
•Must be able to work under pressure to meet deadlines.
•Exceptional leadership and team management skills.
•Strong analytical skills.
•Must have knowledge of benefit contract language.
•Must have clear understanding of compliance requirements and federal and state regulations pertaining to programs like ERISA, COBRA, FMLA, ADA, Workers’ Compensation, Medicare and Social Security.
Education and Experience
•High School Diploma.
•Associate’s degree in Human Resources, Accounting or other business related field.
•Bachelor’s degree in Human Resources, Management, Business Administration, Public Policy, Finance, Statistics or Compensation and Benefits.
•Master’s degree in Human Resources, Labor Relations, Business Administration or Management.
•Juris Doctor of Law degree may be required by very large companies.
•Knowledge of computer programs and relevant computer skills
•PHR or Professional in Human Resources designation.
•CEBS or Certified Employee Benefits Specialist designation.
•Time is spent, for the most part, in a climate controlled office environment either in a private office or shared office space.
•Must work traditional hours of Monday through Friday 8:00 a.m. to 5:00 p.m.
•Must be able to work more than 40 hours a week, particularly during renegotiation of various contracts.
•Salaries range from $34,000 to $55,000 in small to mid-size companies.
•Salaries range from $60,000 to $80,000 in larger companies.
•Salaries can be as high as $160,000 in Fortune 500 companies where a law degree is required.