Benefits Specialist (Somerset)

The Benefits Specialist will provide support to the Benefits functions for Health and Welfare Plans and Retirement Plans with responsibility for Corporate compliance of the Terumo Americas Holding, Inc. benefit and retirement programs, and provides assistance to all TAH subsidiaries including Terumo Medical Canada Inc. and Terumo Puerto Rico.

Job Details :

• Provides support in all areas of the health and welfare plans, including but not limited to Medical, Prescription, Dental, Vision, Life, Disability, Employee Assistance Program, and a variety of voluntary programs.
• Provides support in all areas of the retirement programs, including but not limited to the 401(k) plan and back up support for the defined benefit plan.
• Preparation and reconciliation of all benefit plan claims and coordinate the charge backs to the subsidiaries.
• Maintain an accounting of all benefit costs by company on an annualized basis.
• Maintains accurate data within various plan recordkeeping systems for the 401(k) plan in the US and the retirement plans in Canada and Puerto Rico. This position will also back up the Sr. Benefits Administrator regarding the administration of the pension plan.
• Support TMCI benefits managing the day-to-day administration including conducting new hire orientation and enrollments.
• Support Terumo Puerto Rico with administration of their health and welfare plans.
• Provides support and assistance to all TAH subsidiaries for benefit related topics.
• Assists with annual external audits.
• Assists in all aspects of the Open Enrollment process and on-line benefit portal administration.
• Assists with Wellness initiatives and programs including but not limited to the monthly Benefits Blast and keeping the Catapult current with the latest information.
• Provide back up support for both the Sr. Benefit Administrator and the Sr. Benefits Specialist.
• Performs other job duties as required.

Knowledge, Skills and Abilities (KSA)

Qualifications / Background Experiences