Consultant, Benefits - New York, United States - Scotiabank

Scotiabank

Verified Company

New York, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Requisition ID: 197373

Salary Range: 59, ,800.00

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years.

Scotiabank's strong U.S.

presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients.

Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals.

We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries We work together to drive ambition for every future

Purpose:

Responsible for supporting the U.S.

benefits program by ensuring the administration and delivery of our plans in the areas of health and welfare benefit administration, disability management, retirement plans and retiree/survivor services.

This role works closely with the U.S. Benefits Senior Manager and the Total Rewards COE.

What You'll Do:

Responsible for supporting the enterprisewide leave of absence program
Support the endtoend leave administration process to ensure the efficient execution of the leave management program and serve as resource for all leave related questions, processes and procedures for employees
Policy interpretation, eligibility determination, and daytoday administration of all benefits, retiree programs, retirement and wellbeing programs within established standards and Service Level Agreements (SLAs)
First point of escalation to answer complex inquiries and resolves issues related to benefit programs/plans (Ask HR). Resolves complex employee issues through interaction with vendors, employees, and HR Operations
Coordinates, in partnership with the Benefits Manager; Open Enrollment, vendors relations, internal communications, annual audit materials, and knowledge management tool
Through coordination with leave management vendor, deliver disability and family leaves in accordance with state, federal and Bank policies
Generate reports relative to plan enrollments and payroll contributions to evaluate and authorize benefits premium invoices. Reviews and reconciles benefit bills and initiates corrections and payments (checks received by vendors for accounts receivable processing).
Partner with Benefits vendors and Senior Manager on the identification and remediation of technology issue management and enhancements
Conduct employee benefit information sessions for health, welfare, retirement, and ancillary benefits
Participate in the development and review of employee benefit communication materials (i.e. summary plan descriptions, FAQs, etc.). Ensures benefit documents are up to date and available on company website
In conjunction with Senior Manager, assists in establishing, strengthening and development of U.S. HR benefit policies, processes, technologies and departmental workflow with an understanding of industry best practices
Stays abreast of benefits compliance matters and government regulations
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Additional adhoc duties and projects as they arise
Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
Champions a highperformance environment and contributes to an inclusive work environment

What You'll Bring:

Demonstrated knowledge and experience in benefits / leave management and accommodation administration including FMLA, ADA, NYPFL, CAPFL, shortterm and longterm disability
Understanding of benefits administration and delivery knowledge, policies, and procedures (exp 35 years)
Knowledge of benefits program compliance and reporting