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Benefits Specialist

Magna International, Inc

Troy, Michigan

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JOB DETAILS
SKILLS
Actuarial Skills, Analysis Skills, Automotive Technology, Billing, Brokerage, Business Analysis, COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985), Chargebacks, Cisco ASA (Adaptive Security Appliance), Communication Skills, Compensation and Benefits, Continuous Improvement, Data Analysis, Data Quality, Data Warehousing, Detail Oriented, ERISA (Employee Retirement Income Security Act of 1974), Ecosystems, Employee Benefits, Entrepreneurship, Finance, Financial Analysis, HIPAA (Health Insurance Portability and Accountability Act), Healthcare Administration, Human Resources Analytics, Human Resources Management, Leadership, Microsoft Excel, Microsoft Office, Microsoft PowerPoint, Microsoft Word, Organizational Skills, PHR (Professional in Human Resources), People Management, Pharmacy, Presentation/Verbal Skills, Reconciliation, Regulatory Reports, Reporting Dashboards, Society for Human Resource Management (SHRM), Standard Operating Procedures (SOP), Statistics, Strategic Planning, Time Management, Training/Teaching, Trend Analysis, Validation Documentation, Vendor/Supplier Evaluation
LOCATION
Troy, Michigan
POSTED
10 days ago
Job descriptions may display in multiple languages based on your language selection.

What we offer:

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Group Summary:

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

Job Responsibilities:

Position Overview: Reporting to the US Benefits Manager, the Benefits Specialist supports the US Benefits Team through data analysis, vendor coordination, and administration of health & welfare programs. This role focuses on claims analytics, data integrity, governance, and compliance. The ideal candidate has strong analytical skills, attention to detail, and experience working with benefits data, claims files, and strong Microsoft Excel knowledge.

Duties/Responsibilities:

  • Analyze medical, pharmacy, dental, disability, and other vendor claims data to identify cost trends, utilization patterns, and billing discrepancies.
  • Prepare regular dashboards and reports for HR leadership, Finance, and Benefits management using data warehouse.
  • Support annual benefits strategy planning by providing quantitative insights and modeling scenarios.
  • Validate data for Actuarial Partners, Brokers, and Internal Stakeholders.
  • Support monthly financial reconciliation and charge back to divisions.
  • Support ACA, ERISA, HIPAA, COBRA, and other compliance activities through data validation and documentation.
  • Contribute to plan audits, non-discrimination testing, and regulatory reporting.
  • Maintain accurate plan documents, SOPs, and compliance records.
  • Provide guidance and expertise to local HR Teams regarding benefits policies, eligibility rules, and processes.
  • Assist HR Partners with escalated questions requiring analytical or technical review.
  • Deliver education or training to HR Teams on new processes, systems, or plan updates.
  • Participate in special projects for the Total Rewards Team as needed.

Qualifications:

  • Bachelor's degree in Human Resources, Business Analytics, Actuarial Science, Finance, or related field or equivalent experience.
  • 3+ years of experience and/or training in US Benefits and / or Financial / Data Analysis or Statistics.
  • Professional certification in Employee Benefits, Human Resources Management or Actuarial Society preferred. (CEBS, SHRM, PHR, ASA, etc.)

Skills/Knowledge:

  • Proficiency in Microsoft Office (Word, Excel, PowerPoint).
  • Strong organizational and time management skills.
  • Excellent analytical skills.
  • Strong communication and presentation skills.
  • Ability to define and participate in continuous improvement initiatives.
  • Ability to work independently efficiently.
  • Ability to handle and maintain confidential information.
  • Ability to consistently meet deadlines.

At Magna, we believe a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.

Awareness, Unity, Empowerment:

At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, co

About the Company

M

Magna International, Inc

We are a leading global automotive supplier with 347 manufacturing facilities and 94 product development, engineering and sales centres in 27 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.
COMPANY SIZE
10,000 employees or more
INDUSTRY
Automotive and Parts Mfg
FOUNDED
1957
WEBSITE
http://www.magna.com/

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