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Senior Benefits Specialist

Magna International, Inc

Troy, Michigan

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JOB DETAILS
SKILLS
Analysis Skills, Auditing, Automotive Manufacturing, Automotive Technology, Communication Skills, Compensation and Benefits, Consulting, Cost Control, Cost Estimates, Customer Support/Service, Documentation, Ecosystems, Employee Benefits, Entrepreneurship, Environmental Monitoring, Financial Analysis, Funding, HRIS/HRMS, Human Resources, Human Resources Management, Identify Issues, Maintain Compliance, Management Strategy, Microsoft Office, Multitasking, PHR (Professional in Human Resources), Performance Tuning/Optimization, Presentation/Verbal Skills, Pricing, Problem Solving Skills, Process Improvement, Society for Human Resource Management (SHRM), Strategic Planning, Sustainability, Systems Administration/Management, Time Management, Trend Analysis, Vendor/Supplier Management, Writing Skills
LOCATION
Troy, Michigan
POSTED
20 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 Senior Benefits Specialist serves as an advanced subject matter expert responsible for the administration, analysis, and optimization of Magna's US Benefits programs. This role acts as the operational lead by consulting and advising Magna's Divisional representatives on complex escalations, supporting compliance initiatives, vendor management and process improvement. This position will be responsible for performing detailed audits to ensure governance of the plan and analysis of benefits programs to enhance and optimize program performance and sustainability.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Serve as day-to-day operational liaison with major benefit vendors (e.g., Medical, Dental, Vision, Disability, Life, HSA/FSA,) including compliance tracking, timely issue resolution, and operational accuracy.

• Provides analysis, cost projections and recommendations to support the development of benefit plan management strategies and products.

• Perform financial analysis including developing pricing and employee contribution strategies, modelling plan design alternatives, cost savings and funding strategies.

• Engage in benchmarking, reviewing and recommending benefit design changes, renewals or vendor changes to existing benefit programs through data analysis and market research.

• Conduct regular audits of benefit enrollment data, dependent eligibility and vendor file feeds.

• Coordinate with HRIS, Payroll, IT and vendors to troubleshoot and resolve file feed issues, data discrepancies, and system upgrades.

• Regularly review and update benefits documentation to ensure information is clear, concise and up to date.

• Continually monitor the US environment to proactively identify trends that could impact Magna's benefit management strategies.

• Identify opportunities and recommend enhancements to ensure Magna's US benefits program is innovative, competitive and contributes to ensuring plan sustainability.

• Provide coaching and assistance to Magna's Divisions on all escalated benefit related inquiries with investigations to resolve complex issues (e.g., disability cases, health cost analysis, specialty Rx, claim denials, etc.).

• Support the annual Benefits Open Enrollment process.

• Support ongoing learning by developing training and education materials and facilitating benefits training sessions.

• Participate in and support additional Total Reward projects as needed.

QUALIFICATIONS:

• Minimum 5 years of previous benefits and/or human resources experience with a strong focus on analytics, reporting, and benefits administration

• Experience working in global organizations and/or automotive/industrial manufacturing environment would be considered an asset

• Experience with Workday preferred

EDUCATION / EXPERIENCE

• University/College degree in Business, Human Resources or equivalent.

• Professional certification in Employee Benefits or Human Resources Management preferred. (CEBS, SHRM, PHR, etc.)

SPECIAL KNOWLEDGE / SKILLS:

• Excellent computer knowledge with advanced skill in MS Office

• Excellent communication skills - both written and verbal with a strong focus on customer service

• Ability to maintain organization and multi-task amongst fast paced environment with competing deadlines

• Ability to take own initiative and work independently and seek proactive solutions to problems

• Hig

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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