Benefits Administrator
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Job Description
Job Title: Benefits Administrator
Company: Lonestar Electrical Supply
Location: Texas
Job Type: Full-time
EEO Class: Administrative Support Workers
VETERANS ARE ENCOURAGED TO APPLY
Lonestar Electric Supply is looking for a Benefits Administrator who will be responsible for the administration, compliance, and communication of our self-funded employee benefits plans. This role requires a deep understanding of self-funded insurance, excellent organizational skills, and the ability to manage complex benefit programs. The Benefits Administrator will report directly to VP of HR and work closely with internal stakeholders, third-party administrators (TPAs), and healthcare providers to ensure the smooth operation and continuous improvement of our benefits offerings.
Responsibilities:
- Manage the day-to-day operations of self-funded health insurance plans, including medical, dental, vision, and other health-related benefits.
- Coordinate with TPAs to ensure accurate and timely processing of claims.
- Oversee the enrollment, renewal, and termination processes for all benefit plans.
- Ensure proper documentation and record-keeping for all benefits-related activities.
- Ensure compliance with all federal and state regulations, including ERISA, ACA, HIPAA, and other relevant laws.
- Prepare and file required reports and documentation to regulatory agencies.
- Stay updated on changes in benefits regulations and implement necessary changes to maintain compliance.
- Analyze and monitor benefits costs, identifying trends and areas for cost containment.
- Collaborate with TPAs and healthcare providers to negotiate contracts and manage provider networks.
- Implement strategies to optimize the cost-effectiveness of benefits programs.
- Develop and deliver communication materials to educate employees about benefit plans, enrollment processes, and changes.
- Conduct benefits orientation sessions and provide ongoing support to employees with benefits-related inquiries.
- Utilize data analytics to monitor plan performance, identify cost drivers, and recommend improvements.
- Prepare and present reports on benefits utilization, costs, and employee satisfaction.
- Maintain accurate and confidential records of employee benefits information.
- Manage relationships with TPAs, healthcare providers, and other benefits vendors.
- Evaluate vendor performance and ensure they meet contractual obligations and service level agreements.
Requirements:
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- Minimum of 5 years of experience in benefits administration, with a focus on self-funded plans.
- Strong knowledge of federal and state benefits regulations, including ERISA, ACA, and HIPAA.
- Experience with data analysis and benefits cost management.
- Excellent communication and interpersonal skills.
- Proficiency in benefits administration software and Microsoft Office Suite.
- Strong organizational and problem-solving abilities.
- Certified Employee Benefit Specialist (CEBS) or similar certification is a plus.
Physical Requirements:
- Lifting up to 25 lbs. may be required infrequently.
- Must be able to remain in a stationary position 50% of the time.
- Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and computer printer.
Benefits
- Medical, dental, life and vision insurance
- 401(k) Retirement Plan and Match
- Paid Time Off
- Specified Holiday Pay
Disclaimer:
This job description is a general outline of the day-to-day duties to be expected and may not cover all job responsibilities that may be assigned by management.
Requirements: