Benefits Consultant - Health & Welfare Benefits

Company

Federal Reserve Bank of Atlanta As an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in Newark, NJ, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper. Onsite Work Expectations: The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

Oversees the relationship and service performance of outsourced administrators and insurance providers. Research best practices, perform benchmarking analysis and comparisons, and evaluate emerging trends. Act as benefits consultant in rolling-out benefits processes to streamline and enhance workflow and increase employee appreciation of the Federal Reserve's benefits program.

Work with Federal Reserve System colleagues and outsourced administrators to identify/resolve issues in a timely manner. Compile, analyze and maintain data to support and measure benefit plan strategies, plan design changes, cost evaluation and member impact while keeping abreast of industry trends and regulatory issues in employee benefits.

Additionally, you'll work across multiple programs to research best practices, benchmark programs, evaluate trends, recommend and continuously evaluate the Federal Reserve's benefits program. You will report to the Benefits Manager.

We're looking for:

• Ability to make sound decisions and demonstrate a high degree of trustworthiness in handling confidential and sensitive information.
• Ability to communicate clearly and confidently across multiple levels of the organization and externally.

Key Responsibilities:

• Accountable for generally high complexity vendor management responsibilities for System-wide benefits programs.
• Research and respond to sensitive and escalated inquiries from vendors, stakeholders, plan participants and Federal Reserve System partners like Payroll.
• Maintains current knowledge of and relevant certifications in legal, regulatory, plan compliance and changes for System benefits.
• Uses data to draw insights and regularly recommend benefit plan strategies, evaluation of plan design changes, cost and participant impact.
• Develop and lead presentations and training sessions for Reserve Bank partners and stakeholders.
• Lead multiple and simultaneous projects with measurable outcomes.

Education: Bachelor's Degree or 4 years equivalent experience

Experience: Five+ years of relevant experience preferred

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays, flexible work environment
• Generously subsidized public transportation
• Education Assistance Program
• Professional development programs, training and conferences
• And more

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.