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Benefits Manager - Health Plans

Company: Arch Capital Group Ltd.
Location: White Plains
Posted on: June 7, 2021

Job Description:

The Position

Arch is seeking a Manager, Benets Services to support the administration of employee health benet programs. The Benets Manager will analyze, design and administer employee health programs and assure compliance with all applicable state and federal regulations. Create communications to describe benets and assist in the business development and planning processes with service providers. Compile, analyze and report data including employee plan nancials for strategic benets planning and evaluation. Provide benet plan interpretation, guidance and counsel to employees, HRIS representatives, and managers, and to Payroll. Present information to inform and educate management. Serve as a lead resource with service providers in business planning and benet program interpretation. This position reports to the VP, Employee Benets.

Job Responsibilities

  • Develop and interpret benet policies and procedures, and update Summary Plan Descriptions (SPDs) and Plan Documents;
  • Review insurance carrier and vendor contracts engage legal resources as necessary;
  • Responsible for compiling data necessary to complete government compliance activities, employee mailings, vendor billings, coordinating data collection and updating numerous reports for management. Assures processes and procedures are in place to capture and maintain consistent and accurate benet related data. Assists with employee data auditing and reporting;
  • Assist with compiling and analyzing benet contracts and benet plan information of potential purchase as part of mergers and acquisitions;
  • Provide guidance to employees, HRIS representatives, and managers on the requirements and provisions of benet programs, and assist with the resolution of potential problems;
  • Write and coordinate the distribution of benet communications throughout the year and for the annual Open Enrollment period;
  • Conducts and participates in a variety of presentations to inform and educate management and employees about changes to benet plans, administrative practices and legislated requirements and programs;
  • Monitors plan limits, eligibility and other restrictions on plan participation to ensure compliance with both plan provisions and government requirements;
  • Researches current benet trends and regulatory/legislated requirements and recommends programs/changes to the VP, Arch Benets;
  • Perform additional projects as assigned.

Required Skills/Experience

  • 7 years' experience managing employee health benefits
  • Previous successful experience managing vendor relationships
  • Previous experience gathering, providing and interpreting benefit plan data
  • Familiarity with retirement plans a plus

Desired Skills/Experience

  • Strong written and verbal communication skills
  • Independent problem solving skills
  • Ability to work independently and provide plan recommendations
  • Global experience a plus
  • M&A experience a plus

Education

  • Bachelor's Degree preferred

The Company

Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services LLC provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what's next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.

Keywords: Arch Capital Group Ltd., White Plains , Benefits Manager - Health Plans, Other , White Plains, New York

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