DC Benefits Administrator
Job Description
About Milliman
Independent for over 70 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the worlds most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance, and financial services, and property and casualty insurance.
Job Summary
The Benefits Administrator is responsible for operational tasks associated with defined contribution plans in compliance with plan provisions. The Administrator assists in maintaining payroll administration, participant & plan level defined contribution activities and special projects.The Administrator will be expected to pursue continued education by taking and passing professional examinations.
Duties/Responsibilities- Responsible to review documents and compile indexes to make information searches easier
- Processes EXP tasks for DC distributions, Hardships, Enrollments, Beneficiary etc. within service level standards
- Manage the basic data processing activities for various projects
- Quality data collation to ensure adequacy, accuracy, and legitimacy of data
- Responsible for processing participants records, payroll, data queries and documents
- Quality data collation to ensure adequacy, accuracy, and legitimacy of data
- Coordinate with fulfillment center for letters, documentations, statements, and confirmation mails
- Provide support for special projects and other tasks as needed
- Perform annual DC compliance activities e.g. form 5500, NDT, RMDs etc.
- Coordinating with associates in their day-to-day activities
- Accurately bills time to ensure clients billings are correct
- Ensures quality service to existing clients
- Identify process improvement ideas
- Excellent verbal and written communication skills
- Strong logical, analytical, and problem-solving skills
- Proficient with Microsoft Office or related software
- 1-4 years of experience into Defined Contribution administration
- Bachelors degree in any discipline
- High integrity and discretion to ensure the confidentiality of sensitive client data
- Certifications in US Benefits would be an added advantage
- Ability to work in a team environment and individually
- Effective planning and priority setting
- Ability to prioritize tasks and to delegate them when appropriate
- Ability to function well in a high-paced and at times stressful environment