Senior Benefits Analyst

Senior Benefits Analyst

Molex Corporation is currently seeking a Senior Benefits Analyst for their location is Lisle, IL (relocation assistance could be offered). The Sr. Benefits Analyst will be responsible to plan, develop and administer employee benefit plans, programs & policies which will include monitoring, analyzing and researching utilization, experience and trends and developing recommendations for Plan revision as appropriate. The Sr. Benefits Analyst will also be required to monitor current programs to assure compliance with IRS and ERISA regulations as well as manage projects and develop process solutions for new benefit plan implementations.

Responsibilities of the Sr. Benefits Analyst:

• Oversee implementation, transition and administration of new and current benefit programs and vendors including administrative procedures, legal and compliance documents, form creation and maintenance and documentation of processes, both internally and with external vendors
• Monitor, analyze and research experience (claims, administrative fees, and utilization by service/event) for benefit program plans through plan metrics.  Develop costs by plan and provide recommendations for enhancements / changes to existing programs that are consistent with benefit objectives and strategies
• Develops SAP specifications SAP test plans to ensure SAP programs and reports support the benefit plan designs and ERISA and IRS requirements
• Monitor compliance of benefit programs and recommend necessary changes:  1) Preparation 5500 tax filings, ADP / ACP nondiscrimination testing, 2) Creation / maintenance, SPD’s SMM’s SAR’s other legally required notices. 3) Investigation of legal and recent legislative actions 4) Respond QDRO, QMSCO other government requests
• Manages annual projects (Total Comp Statements, Pension Annual Contribution Information, Plan Audits, etc.) and coordinates ad hoc projects (e.g. Expansion 401(k) Funds, Mergers & Acquisitions)
• Plans, develops and coordinates employee communication materials (annual enrollment, newsletters and publications) to promote understanding, including; written, oral, and electronic.  Give benefit presentations to all levels of organization
• Provides technical research, plan interpretation and educational support to Regional HR representatives. Develops, and delivers training as needed
• Acts as liaison with banks, insurance carriers, actuaries, TPA’s record keepers, investment managers to assure proper administration of the plans
• Assists with employee issues
• Develop and maintain the knowledge and skills necessary to perform position responsibilities.  Stay abreast of current trends and regulatory issues surrounding benefit plan design and administration
• Assists Management with acquisition due diligence and integration of benefit plans

Requirements of the Sr. Benefits Analyst

• Bachelor’s degree
• CEBS certification preferred
• 5 years minimum of experience in working with Benefits
• Experience working with Retirement plans and Health/Wellness
• Proficiency with MS Office  (Word, Excel, PowerPoint)
• Working knowledge of payroll and HRIS systems
• Knowledge in HR and all types of benefit plans
• External vendor management experience
• Demonstrated knowledge of laws and regulations impacting employee benefits, including but not limited to ADEA, COBRA, FMLA, ERISA, EGTRRA, HIPAA
• Excellent communication, organization, planning and interpersonal skills
• Strong written communication skills including exceptional grammar and proofreading ability
• Demonstrated strong problem solving and analytical ability
• Ability to prioritize work, handle multiple tasks, set goals and consistently deliver timely and accurate products and services
• Minimal travel, 1-2 times a year

We Offer:

• Competitive Base Salary
• Bonus potential
• M/D/V
• Vacation Time
• Much More!

Molex is a leading one-source supplier of interconnect products. Our team of highly skilled experts is focused on the design, development and distribution of innovative product solutions that touch virtually every walk of life. Our portfolio is among the world's most extensive, with over 100,000 reliable products, including everything from electronic, electrical and fiber optic interconnects to switches and application tooling.
We leverage extensive worldwide resources to meet customer needs on a local, regional and global level. Molex offers well-established sales, product development, manufacturing and logistics resources in Asia, Europe and the Americas. Our engineering, development and manufacturing capabilities are organized into three product divisions, all serviced by the Molex Global Sales and Marketing Division.