Benefits Specialist (Human Resources)
Company: Federal Reserve System
Location: Philadelphia
Posted on: May 8, 2024
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Job Description:
**Company** Federal Reserve Bank of Philadelphia The Federal
Reserve Bank of Philadelphia is one of the 12 regional Reserve
Banks that, together with the Board of Governors in Washington,
D.C., make up the Federal Reserve System. It helps formulate and
implement monetary policy, supervises banks and bank and savings
and loan holding companies, and provides financial services to
depository institutions and the federal government. The Federal
Reserve Bank of Philadelphia serves eastern and central
Pennsylvania, southern New Jersey, and Delaware. Supports the
Benefits division within the Bank's Human Resources department.
Performs strategic, analytical and administrative duties related to
the comprehensive benefits package that is offered to active
employees and retirees. The Benefits Specialist will display an
exceptional ability to communicate directly with employees and
retirees in order to explain benefit programs and eligibility
requirements. Collaborates cross-functionally within Total Rewards
and the Human Resources department and provides support and
performs work on projects and initiatives as needed. **What You
Will Do:** + ?Provides, through a consultative approach,
exceptional customer service to employees seeking assistance
related to benefits enrollment/explanation, retirement, leaves of
absence, etc. + Prepares and presents benefits-related information
to new employees of the Bank. + Prepares annual open enrollment
materials and coordinates employee/retiree and vendor participation
in the annual benefits fair. + Administers the Bank's leave
management program, ensuring the effective processing of all leaves
and ADA requests. + Administers the Bank Workers' Compensation
program, managing relationship with workers' compensation insurers,
monitoring claims, as well as developing and administering loss
prevention. + Supports Benefits Manager with various projects
related to benefits, leaves, safety, and vendor management. + Key
contact for Commuter Benefits program. Educates employees on
program, researches and resolved employee issues with vendor.
Reconciles and submits monthly invoices for payment. + Collaborates
cross-functionally within Total Rewards team as well as Human
Resources Department, offers suggestions and supports and performs
work on projects and department initiatives. + Prepares benefits
and medical communications as needed and coordinates with the
Bank's Strategic Communications department to publish information
in the Bank's newsletter and intranet. + Coordinates educational
seminars with outside vendors that focus on financial planning,
retirement planning, and work/life balance. + Performs other
related duties as assigned. + Works directly with Strategy, Risk,
and Financial Management (SRFM) to provide updated data related to
benefit plan valuations and methodology. + Monitors and maintains
Benefits department general ledger accounts associated with
employee payroll deductions and provides detailed instruction for
the correct distribution of funds. **What You Have:** **Knowledge
and Skills:** **Well informed on the topics of:** + Health &
Wellness: Substantial knowledge of medical, prescription drug, and
vision plan structures and the interactions that takes place
between plan sponsors, vendors, and participants. + Thrift &
Retirement: Working knowledge of defined contribution (DC) and
defined benefit (DB) offerings and how these plans are used to both
attract and retain employees. + Understanding of plan
administration and familiarity with financial planning concepts
(401k, Roth 401k, , Contribution Limits, etc.). + Personal
Protection Plans: Life insurance, personal accident insurance,
identity/theft protection, long-term disability, and group legal
insurance. + Leave Administration: Competent in leave
administration programs as well as OSHA, FMLA and HIPAA laws and
regulations. + Ability to explain the fundamental structure of
these plans to employees and retirees. + Strong project management
skills + Adept at handling confidential and sensitive information
with discretion and working to ensure confidentiality is respected
throughout the organization. **Additional Skills:** + Strong MS
Office Excel & PowerPoint skills. + Demonstrated organizational and
administrative skills and the ability to maintain a realistic
balance among multiple priorities and handle a wide variety of
activities. + Excellent time management, planning and organization
skills, with an intelligent, proactive approach to problem solving.
+ Attention to detail with high degree of accuracy, and the ability
to work independently and exercise good judgment. + The ability to
multitask, work under tight deadlines, and prioritize conflicting
needs; handle matters expeditiously, proactively, and
follow-through on projects to successful completion. + Excellent
interpersonal and customer service skills, with the ability to
communicate verbal and in writing with all levels of the
organization. + Well-developed analytical skills and logical
reasoning. + Ability to work harmoniously and effectively with
others as part of cross-functional teams. + Experience with
policies, practices, and procedures. + Flexibility and adaptability
to change in work and priorities. + Manage relationships and
balance customer, project, organization, and team needs to ensure
mutually beneficial outcomes. + Fosters teamwork, collaboration and
learning within the HR team. + Promotes proactive approaches in
using existing and new HR systems to solve business needs/problems.
**Education and Experience:** + Bachelor's degree in Human
Resources Administration, Business Administration or related field,
however in lieu of a degree a combination education and relevant
work experience could be considered. + CEBS or other professional
HR certifications is a plus. + A minimum of eight years` related
experience. **Physical Requirements:** Ability to sit, enter data,
and verify data at the Personal Computer (PC) for extended periods
of time. **The** salary grade
(https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/frbp-salary-structure.pdf)
**for this position is: 13/14.** **We offer a great benefits
package that features:** + Medical (4 options), Prescription,
Dental (3 options), and Vision Insurance with no waiting period +
401k/Thrift Plan with generous employer match + Employer-funded
Pension Plan + Paid Vacation/Sick Time & Holidays + Monthly $100
Commuter Allowance + Flexible Spending Accounts and Healthcare
Spending Accounts + Flexible Work Schedule available in most
departments + Life Insurance and Long Term Disability Insurance +
Tuition Reimbursement (undergraduate and graduate) + Parental Leave
+ Free onsite 24/7 Fitness Center including training classes,
Peloton bikes and locker room / shower facilities + Onsite
Cafeteria & Coffee Shop + Additional Convenience Benefits,
Discounts and More... **Additional Information:** + The Federal
Reserve Bank of Philadelphia believes that diversity, equity and
inclusion among our employees is essential to our success as an
organization, and we want to recruit, develop and retain the most
accomplished people from a diverse candidate pool. To support a
workplace culture of belonging, we offer eight employee resource
groups (ERGs) and a 100 percent rating on the Human Rights Campaign
(HRC) Corporate Equality Index. The Federal Reserve Bank of
Philadelphia is proud to be an equal opportunity workplace. + We
have eight employee resource groups (ERGs) to support a diverse
workforce. Abilities (supporting disabilities and allies), African
Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies),
Talent Forward (supporting career growth), Women United, Working
Families and Veterans. ERGs are open to all employees. + We will
ensure that individuals with disabilities are provided reasonable
accommodations to participate in the job application or interview
process, to perform essential job responsibilities, and to receive
other benefits and privileges of employment. + All Federal Reserve
Bank of Philadelphia employees must comply with the Bank's ethics
rules, which generally prohibit employees, their spouses/domestic
partners, and minor children from owning securities, such as stock,
of banks or savings associations or their affiliates, such as bank
holding companies and savings and loan holding companies. If you or
your spouse/domestic partner or minor child own such securities and
would not be willing or able to divest them if you accepted an
offer of Bank employment, you should raise this issue with the
Recruiter for this posting, who can provide you contact information
for our ethics officer if necessary. You should review the Bank's
Employee Code of Conduct
(https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/Full-Code-of-Conduct-with-Appendices-A-and-B.pdf)
to ensure compliance with conflict of interest rules and personal
investment restrictions. + Background investigations and drug
testing are required for all new hires as a condition of
employment, after the job offer is made. Candidates for positions
deemed as "safety sensitive" will also be screened for the presence
of marijuana. Employment may not begin until the Bank accepts the
results of the background investigation. + All employees will be
subject to FBI fingerprint / criminal background and Patriot Act/
Office of Foreign Assets Control (OFAC) watch list checks at least
once every five years. + Certain eligibilty rules apply. Applicants
must be able to provide work authorization to prove their
eligibility to work in the United States. + The above statements
are intended to describe the general nature, level of work and the
requirements of this position. They are not intended to be an
exhaustive list of all responsibilities associated with this
position or the personnel so classified. While this job description
is intended to be an accurate reflection of this position,
management reserves the right to revise this or any job description
at its discretion at any time. + This is not a 100% remote
opportunity. You will be available to work on-site in at least a
hybrid capacity. + Learn more about
(https://www.philadelphiafed.org/about-us) the Philly Fed and its
culture. Learn more about working
(https://www.philadelphiafed.org/careers) for the Philly Fed.
**Full Time / Part Time** Full time **Regular / Temporary** Regular
**Job Exempt (Yes / No)** Yes **Job Category** Human Resources
**Work Shift** First (United States of America) _The Federal
Reserve Banks believe that diversity and inclusion among our
employees is critical to our success as an organization, and we
seek to recruit, develop and retain the most talented people from a
diverse candidate pool. The Federal Reserve Banks are committed to
equal employment opportunity for employees and job applicants in
compliance with applicable law and to an environment where
employees are valued for their differences._ Privacy Notice
(https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world.
The Federal Reserve is the central bank of the United States-one of
the world's most influential, trusted and prestigious financial
organizations. The Federal Reserve is charged with the important
mission of promoting a strong economy and a stable financial system
and fulfills this responsibility by formulating national monetary
policy, supervising and regulating banks and bank holding
companies, and providing financial services for banks and the U.S.
government. OUR PEOPLE are diverse in background and ideas, which
allows for ongoing creativity and innovation. Ultimately, they are
the ones who push our high-performance, exchange-driven culture
forward. Why Our People Choose Us: Our reputation precedes us There
will always be room for personal growth Our people are first You'll
find the right balance Your responsibilities will be meaningful We
hope that you will be our future colleague.
Keywords: Federal Reserve System, New York , Benefits Specialist (Human Resources), Human Resources , Philadelphia, New York
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