Sr Benefits Consultant - Exelon

Who We Are:

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

Primary Purpose:

Responsible for the administration of the company's Health & Welfare Plans, including COBRA, Retiree Health care and FSA/HSA administration and serves as the subject matter expert in these areas as well as severance. Works directly with third party administrators (TPA) related to delivery of H&W, Retiree Health Care, and FSA/HSA administration. Supports Manager in role of primary company representative and liaison with internal clients and external carriers/vendors to ensure a high level of customer satisfaction and assure Plan compliance. Understands the end-to-end process and creates/designs new processes. Individual works directly with the H&W Plans Administrator to resolve plan, policy or ERISA appeal issues.

Primary Duties:PRIMARY DUTIES AND ACCOUNTABILITIES

• Supports the administration of the company's H&W plans and serves as subject matter expert on all H&W plans including retiree health care plans, FSA/HSA, and severance plans (35%)
• Supports the management of the TPA and monitors compliance with contractual performance standards and responsible for day to day vendor management activities for major health and welfare plan carriers (20%)
• Supports Open Enrollment, benefit deduction and earnings payroll reconciliation, COBRA, severance and disability plan enrollment and administration activities; benefit presentations and performs basic data analysis to support the administration of the plans (15%)
• Evaluate and interpret plan documents, procedures, and contracts related to H&W Plans to ensure compliance with Plan provisions and company and legal compliance as governed by ERISA, the Internal Revenue Code and Department of Labor (10%)
• Identify, develop, and implement process improvements to ensure administration accuracy and quality and customer satisfaction (10%)
• Assists business units and the Employee Service Center in resolving participant issues regarding matters of plan design and administration (10%)

Job Scope:

• Responsible for administering plans according to Exelon plan documents
• Significant independent decision-making opportunities and responsible for setting operational direction.
• Interaction with company executives to clarify retirement benefits, as required
• Operates independently with little or no supervision
• Excellent interpersonal skills and ability to work in a team environment
• Ability for independent decision-making and strong analytical skills required

Minimum Qualifications:

• 4-year degree and 4-7 years of H&W benefits consulting or administration experience
• Excellent written communications and analytical skills
• Project management experience and skill set
• Proven ability in vendor management
• Ability to analyze and summarize data and prepare solutions for management review
• Excellent customer service skills, strong communications skills, and solid project management skills.
• Understanding of H&W Plans
• Ability to work well in project environment.
• Makes decisions based on analysis of relevant information including plan documents, problems, root cause analysis, priorities, critical issues, and alternatives.
• Works with others to achieve common goals that result in more than what could be done individually
• Advanced skills in accountability, ownership and a strong sense of urgency in responding to customers
• Knowledge of applicable laws and regulations

Preferred Qualifications:

• Certified Employee Benefits Specialist (CEBS)
• Experienced H&W TPA work/vendor management

#LI-Hybrid

Benefits:

• Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors:USD $76,800.00/Yr. - USD $115,200.00/Yr.
• Annual Bonus for eligible positions: 15%
• 401(k) match and annual company contribution
• Medical, Dental and Vision Insurance
• Life and disability insurance
• Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave (based on position)
• Long Term Incentive Plan for eligible positions
• Wellbeing programs such as tuition reimbursement, adoption assistance and fitness reimbursement
• Referral bonus program
• And much more