FAQs
What are the primary responsibilities of the Benefits Specialist?
The primary responsibilities include benefits administration, conducting new hire benefit orientation, counseling employees on plan provisions, resolving health and welfare plan issues, assisting with open enrollment, processing benefit changes, and maintaining communications about benefit plans.
What qualifications are required for the Benefits Specialist position?
A professional degree in Human Resources Management, Business Administration, Psychology, or an equivalent combination of education and experience is preferred, along with typically 3+ years of experience in a related field.
Is experience with HRIS systems necessary for this role?
While experience in the use of HRIS systems is preferred, it is not explicitly required; however, it may be beneficial for effectively managing benefit processes.
What skills are important for a Benefits Specialist?
Important skills include strong interpersonal skills, the ability to maintain confidentiality, effective communication, problem-solving abilities, and the ability to collaborate in a team environment.
What type of environment does the Benefits Specialist work in?
The Benefits Specialist works in a collaborative team environment, often interfacing with internal employees and external third-party benefit vendors.
Will the Benefits Specialist assist with general HR team responsibilities?
Yes, the Benefits Specialist will assist with general HR team responsibilities as needed.
Is knowledge of federal regulations important for this position?
Yes, knowledge of employee benefits, COBRA, and other federal/regulatory requirements is important for effectively administering benefit plans.
How is the role of a Benefits Specialist related to the firm’s commitment to JEDI (Justice, Equity, Diversity, and Inclusion)?
The Benefits Specialist collaborates to develop policies and programs that support the firm's commitment to JEDI, ensuring that all employees have equitable access to benefits.
What should a candidate understand about the financial implications of this role?
A candidate should understand the cost and budgeting of benefits plans and their impact on the firm’s financials, as well as the implications of overhead and chargeable time.
What method should current employees use to apply for this position?
Current employees should submit their application via the Internal Careers Portal.