Fifth Third Bank

Senior Employee Benefits Analyst

Fifth Third Bank  •  United States (Onsite)  •  1 day ago
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Job Description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

This position is responsible to administer select benefit and time-away programs in compliance with federal and state regulation as well as established Bank policies. Assists in researching, analyzing, and evaluating existing benefits and time-away policies and prevailing practices among similar organizations to recommend changes to existing plans and/or develop new plans which may establish more competitive benefit or time-away programs in assigned areas.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for colleagues, and ensures that actions and behaviors drive a positive employee experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Managethe Bank’s Worker’s Compensation program and policies across all states in which the Bank has a presence,including a self-insured Ohio employer worker’s compensation program.
  • Assistin managingthe Bank’s Leave and Time-Away programs including but not limited to STD, LTD, FMLA, Paid Parental Leave, etc.
  • Assistwith the design and evaluation of benefit and time-away programsand insurancepolicies to ensure they are currentregardingprocesses,procedures, and industry trends. Ensure that applicableprogramsand policiesare in compliance withrespectivelegal& regulatoryrequirements.
  • Participateincontractand policyreview and renewal processesforapplicable programsand insurancecontracts/policies
  • Analyzeworker’scompensationclaimsexperience andutilizationpatterns for cost control andrisk-assessmentfactors
  • Work withworker’scompensation carrier to perform annual retrospective audits.
  • Participate in RFPprocess to includingdevelopment of specifications, summaries, experience data,reportingand analysis ofresponses.
  • Manage implementation process for new vendors, carriers,and programs including review ofpolicies,contracts,and plan documents (SPD's,Certificates of Coverage, etc.).
  • Work with HRIT and HR Operations to set up and ensureapplicablebenefit plans are administered appropriately.
  • Work with legal counsel (internal and external) as neededregardingthe disposition of workers’ compensation claims.
  • Complete the necessary regulatory filings forworker’scompensationprogramsincluding the filings associated withtheadministration of an Ohio self-insuredworker’scompensation program.
  • Reviewand coordinatethe delivery of employeecommunications. Ensure communications are consistent withapplicableplan documentsand policies
  • Liaison with the outsourcedvendors & insurance carriersfor several benefit functions includingclaims review & analysis,auditingand vendor billing.
  • Managevendor financial billingprocessto ensure accuracy andtimelypayment.
  • Resolve non-routine problems and evaluate and assessnew approachesto current processes and issues.
  • Work with insurance carriers and internal partners to perform requestedworker’scompensation environment/site assessments of Bank locations.
  • Assistwith the administration and conversion to the Bank’s plansand policieswhen companies areacquiredthrough mergers oracquisitions.Assistwith the termination of the acquired company’s plansand policies
  • Responsible for third party vendor management to ensure quality service andaccurateadministration of plansregardingperformance guarantees and operational service levels per contractual agreements.
  • Manage third party administrators (TPAs)regardingresolution of escalated issues including appeals, plan design,benefits, data interface files,reportingand billing.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • Bachelor's degree in Human Resources, Financeor related field preferred.
  • 5-10 years of related experience.
  • Minimum of 2years direct experienceadministering an Ohio self-insured employer worker’scompensation program.
  • HR/Benefitsor Risk Management/Insurancecertification(s) preferred
  • Knowledge of benefitsand insuranceterminology and applicable law (ERISA, FMLA, FLSA, USERRA, COBRA, HIPAA,State Worker’s Compensation,etc.).
  • Strong written and oral communication skills
  • Mustbe comfortable with public speaking.
  • Strong desirefor accuracy, a concern for detail.
  • Strong problem solving,technicaland analytical abilities.
  • Strong interpersonal skills and ability to work in a team environment.
  • Ability to work independently with a multitude of tasks.
  • Proficient in HRIS systems usage,preferablyWorkday
  • Must be proficient inusageof risk management information systems (RMIS)
  • Must be proficient in the use of PC (Microsoft Office365- Excel, Word, PowerPoint, Teams, etc.).

Senior Employee Benefits Analyst

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Fifth Third Bank

About Fifth Third Bank

At Fifth Third Bank, everything we do is rooted in our purpose: to improve the lives of our customers and the well-being of our communities. Since our founding in 1858, we’ve been committed to creating a better financial experience by empowering our customers and clients to achieve what matters most.

Our unified strength is grounded in the individual passion and diversity of more than 20,000 employees who work collaboratively to deliver a better tomorrow to everyone we serve. We offer a strong culture, opportunities for growth 401k match, wellness options, comprehensive insurance plans and additional resources you need to build a lasting and rewarding career path here.

Headquartered in Cincinnati, Ohio, we are among the largest money managers in the Midwest.

We operate four main businesses—Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management—and a network of financial centers in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. Consumers also have access to approximately 54,000 Fifth Third fee-free ATMs across the United States.

Fifth Third Bancorp is a diversified financial services company and is the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.

Explore Fifth Third career opportunities at: https://www.53.com/content/fifth-third/en/careers.html

Fifth Third Bank, N.A., Member FDIC. Fifth Third Bank is proud to be an affirmative action/equal opportunity employer. M/F/D/V

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Cincinnati, Ohio
Year Founded
Unknown
Website
53.com
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