AVP-Benefits Administration- GHR

Job description

Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career. Join MUFG, where being inspired is expected and making a meaningful impact is rewarded. EDUCATION • Degree or equivalent work experience equally preferable • Undergraduate degree CERTIFICATIONS • [Include information as needed.] WORK EXPERIENCE • Experience in employee benefits, including Health and Wellness, Retirement, and or Leave Administration, within the financial services industry or other highly regulated industry • Familiarity with relevant regulatory requirements, e.g., ERISA, Section 125, DOL Regulations, Commuter Benefits, HSAs, Plan Document and Summary Plan Description Administration, FSAs, COBRA and etc. • Familiarity with relevant benefit-type offerings, terminology, tools, etc. FUNCTIONAL SKILLS • Advanced knowledge of benefits principles and practices, program competitiveness, market comparisons of programs, and analysis and reporting of benefits data • Advanced knowledge of broad regulatory compliance and legal requirements of benefits programs and structures • Excellent customer service skills • Ability to listen to and analyze issues encountered through multiple channels • Experience with HR information systems and benefits-related technology including third party reporting requirements • Advanced skills with standard desktop applications, including MS Excel and Word • Proficient in gathering and collating benefits-related market and competitive intelligence • Ability to interpret and analyze benefits market data to assess: comparable worth; benchmarking; internal alignment; external competitiveness • Understanding of retirement planning and benefits: pension plans; savings plans; disability insurance; employee assistance programs (EAPs); flexible schedule; health and financial wellness programs • Experience implementing and tracking relevant benefits metrics and benchmarks • Basic accounting and financial knowledge, including familiarity with benefit plans financial statement audits FOUNDATIONAL SKILLS • Communicates effectively • Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills • Exercises sound judgement, prioritizes effectively, and strives for continuous improvement • Effectively collaborates with colleagues • Leverages available technology to drive efficiency and results • Understands and applies industry trends and best practices • Exhibits optimism, resilience, flexibility, and openness to others' ideas • Values learning as a lifelong professional objective • Engages inclusively and with intent • Always acts with integrity RESPONSIBILITIES • Supports oversight and administration of a variety of cost-effective benefits programs (e.g., retirement, health and wellness, leave programs) by reviewing and responding to employee inquiries, supporting vendor relationships and third party management programs, monitoring regulatory compliance and required communications, and project management of low to moderate complexity projects • Provides guidance to managers, HR business partners and employees on benefits questions, issues and claims • Resolves participant inquiries and escalated benefit issues based on independent analysis of plan provisions and applicable laws. Escalates as appropriate • Develops and implements project plans and timelines for annual enrollment and other low to moderate complexity projects • Identifies internal and cross functional process improvement opportunities and recommends solutions • Serves as a point of contact for vendors and internal vendor management partners • Stays abreast of industry best practices Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.