Benefits Specialist
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Job Title : Benefits Specialist
NORMALIZED JOB TITLE* : Benefits Specialist
Job Display Categories : Financial Services,Legal,Business
Category :
Matched Category : financial_services,legal,business
ADID : 19809355
Job ID : 133628394
Job Code : R-0000015419
Job Source : direct_employer
Job Summary : CompanyFederal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation....
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Work From Home : 0
Parse ID : 1486747479
Posting Date : 2023-01-10T08:00:00Z
Modified Date : 2023-01-11T13:00:00Z
Posting Company : Equest Careers
Posting Company ID : 0
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*a normalized job title is a standardized version of a job title that has been modified to conform to a specific format or set of conventions, This process can involve removing any unnecessary words or phrases,To make data more consistent and accurate
Job QUALIFICATIONS
Position Description
Company
Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
This job is eligible for a hybrid schedule with some on-site work expected.
A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Banks vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.
Benefits Specialist
This position is responsible for assisting in theadministration of the Banks leave case management program. This position would also assist withtheadministration of worker's compensation, retirement, health and welfare benefit programs and benefits analysis.This position is knowledgeable in department and Bank policies and procedures and can also assist the team with the Bank's payroll, time & attendance programs.
Principal Accountabilities:
1. Assist in theadministration of the Banksleave case management program, including managing and tracking employee leaves. Analyze and resolve outstanding leave issues. Work closely with business lines and HR Business Partners on individual leave cases. Support the manual coordination for leave case management with the Workday system and a transition to permanent solution in the future.
2. Assist with theadministration of the Bank's worker's compensation program. Investigate and reconcile ongoing claim payments, extract claim activity data, and discuss open claims with management. Analyze and resolve outstanding claim issues. Work with the Bank's insurance carrier to reconcile salary liability to the Bank's contract.
3.Analyze benefits usagein order to respond to inquiries and to assist in the Banks decision-making process of what new and changes to implement. Assist in the preparation of local benefits related RFPs, analyze results and make recommendations.
4. Review, analyze and processenhance retirement severance offsets.
5. Serve as primary liaison between employees/retirees and related benefits providers. Counsel employees and assist them in their preparation of benefits (System or Bank) long term disability retirement, thrift and coordinate with third party advisory services.
6. Prepare weekly/monthly/quarterly/annual reports.
7. Ensure adherence to applicable COSO and business continuity plans.
8. Assist the payroll team with input changes, updates and corrections to payroll and employee records including salary actions, status changes, direct deposits, federal/ state/ local withholdings, payroll deductions, garnishments, etc.
9. Input adjustments and corrections to time & attendance system.
10. Coordinate with the Recruiting department to assist with candidate questions and onboarding activities
10. Provide backup to the Benefits Manager as needed.
Other Accountabilities:
Perform other duties as assigned.
Supervision:
This position is not required to directly supervise others.
Qualifications:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree and a minimum of 2-3 years of job-related experience.
Advanceknowledge of Time and Labor systemsincluding Workday is highly preferred.
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position 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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills 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.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
NoJob Category
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.
How to Submit an application for employment
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Please Submit an application for employment before the job expired at 2023-02-09T07:59:59Z
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Business Overview
Company Profile Description of Federal Reserve Bank (FRB)
Company Name : Federal Reserve Bank (FRB)
Company Industry :
Company ID : 1788529
Company Type :
Company Profile URL :
Company Country : US
Company City : Boston / Boston
State : MA
Zip : 02109
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Company Size :
Client ID : hireahero
Latitude : 42.36032
Longitude : -71.05484
Location : Boston, MA 02109
Formatted City State :Boston, MA
Formatted City State Country : Boston, MA US
Normalized Country: US
Normalized State: MA
Source Job Details :
URL Source : https://hireahero.org/jobs/benefits-specialist-boston-ma-02109-133628394-d?rsite=careercast&rgroup=1&clientid=hireahero&widget=1&type=job&
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