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Benefits Analyst in Cleveland, OH at Key Bank- Corporate

Date Posted: 5/16/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    5/16/2019

Job Description

ABOUT THE JOB (JOB BRIEF)

Analyzes data from various sources to inform Key’s overall benefits and strategy and program offerings. Provides support to the development and implementation of Key’s medical, welfare and retirement plans. Works with internal partners and third-party vendors to assess and report on the overall performance of Key’s benefit programs.
ESSENTIAL JOB FUNCTIONS

  • Gathers and analyzes external industry trends and research to help inform Key’s overall benefits strategy and program offerings
  • Analyzes benefit program effectiveness through aggregating reporting from external vendors and internal sources and creating reports for various audiences (Benefits team members, leaders, etc.)
  • Analyzes health and demographic data about our employees to inform Key’s benefits and wellness programs, and build targeted communications strategies
  • Researches legislative and regulatory issues impacting benefits plans and programs and informs team members
  • Monitors benefit plans for plan and legislative compliance elements. Ensures plans are in compliance with VAMP, CCAPs, HIPAA, ERISA, PPACA, and internal requirements.
  • Supports the management of third party vendor relationships.
  • Supports technology related projects in the Benefits function to enhance employee experience and streamline internal processes
  • Monitors plan(s) financial performance for Medical, Dental, Vision, and Rx.
  • Analyzes performance guarantees and expenses and employee contributions. Analyzes data for pricing, plan designs
  • Assists in managing the Request for Proposals (RFP) process for medical, welfare and retirement plans
  • Coordinates benefit programming including annual health screenings and flu shots across multiple facilities partnering with internal site coordinators and vendors
  • Assists with analyzing, administering, and communicating benefits programs.
  • Supports the various Management & Board Committees.
  • Researches and responds to executive inquiries regarding retirement balances, retiree medical benefits, annual incentive awards, equity awards, tax implications of awards etc.

Competencies

Leadership: No supervisory responsibilities. May provide occasional work guidance, technical advice and training to staff within scope of role.

Critical Thinking / Analysis to Insights: Work involves the application of moderately complex procedures and tasks that are quite varied. Independent judgment is often required to select and apply the most appropriate of available resources. Supervision is provided on an as needed basis.

Business Acumen: Developing baseline understanding of client strategy / industry knowledge and practice.

Presentation Development & Delivery: Developing skills in creating PowerPoint presentations; minimal formal delivery.

Client Interaction / Relationship Building Skills: Supports Compensation & Benefits Leadership and team; some LOB client / Key employee interaction.

Consulting / Influence: Developing influencing skills through data analysis and presentation.





REQUIRED QUALIFICATIONS

  • Bachelor's degree or equivalent work experience
  • 2 years business experience; HR, Benefits, Compensation or Finance experience preferred
  • Strong MS Excel and PowerPoint skills
  • Finance and business acumen
  • Strong analytic abilities
  • Strong organization skills with attention to detail
  • Able to operate in a matrixed environment, receiving direction from both direct manager and indirect LOB Compensation or Benefits Manager
  • Excellent interpersonal and communications skills, both verbally and written


FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

35586BR

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