Senior Employee Benefits Analyst

Senior Employee Benefits Analyst GENERAL FUNCTION: This position is responsible for administering select benefit and time‑away programs in compliance with federal and state regulation, as well as established bank policies. The role involves researching, analyzing, and evaluating existing benefits and time‑away policies, recommending changes, and developing new plans to create more competitive benefit and time‑away programs in assigned areas. The incumbent is accountable for risk management, ensuring policies and procedures are followed, and fostering a positive employee experience. Essentials Duties and Responsibilities Manage the bank’s Workers' Compensation program and policies across all states where the bank operates, including a self‑insured Ohio employer program. Assist in managing the bank’s Leave and Time‑Away programs, including short‑term disability, long‑term disability, FMLA, paid parental leave, etc. Design and evaluate benefit and time‑away programs and insurance policies to keep them current with processes, procedures, and industry trends. Ensure compliance with legal and regulatory requirements for all applicable programs and policies. Participate in contract and policy review and renewal processes for all applicable programs and insurance contracts. Analyze Workers' Compensation claims experience and utilization patterns for cost control and risk‑assessment factors. Collaborate with the Workers' Compensation carrier to perform annual retrospective audits. Participate in the RFP process, including development of specifications, summaries, experience data, and analysis of responses. Manage implementation of new vendors, carriers, and programs, reviewing policies, contracts, and plan documents. Work with HRIT and HR Operations to set up and administer benefit plans appropriately. Coordinate with internal and external legal counsel regarding the disposition of Workers' Compensation claims. Complete regulatory filings for Workers' Compensation programs, including filings related to the Ohio self‑insured program. Review and coordinate employee communications to ensure consistency with plan documents and policies. Act as liaison with outsourced vendors and insurance carriers for claims review, auditing, and vendor billing. Manage vendor financial billing to ensure accuracy and timely payment. Resolve non‑routine problems, evaluating and assessing new approaches to current processes. Work with insurance carriers and internal partners to perform workplace assessments of bank locations. Assist with administration and conversion of acquired companies' plans and policies during mergers or acquisitions. Collaborate with third‑party administrators (TPAs) to resolve escalated issues, including appeals, plan design, benefits, data interface files, reporting, and billing. Manage third‑party vendor performance, ensuring quality service and accurate administration of plans per contractual agreements. Minimum Knowledge, Skills, and Abilities Required Bachelor’s degree in Human Resources, Finance or a related field (preferred). 5–10 years of related experience, including a minimum of 2 years administering an Ohio self‑insured employer Workers' Compensation program. HR/Benefits or Risk Management/Insurance certification(s) preferred. Knowledge of benefits and insurance terminology and applicable law (ERISA, FMLA, FLSA, USERRA, COBRA, HIPAA, State Workers' Compensation, etc.). Strong written and oral communication skills. Comfortable with public speaking. Strong attention to detail and accuracy. Strong problem‑solving, technical, and analytical abilities. Strong interpersonal skills and teamwork ability. Ability to work independently with multiple tasks. Proficiency in HRIS systems, preferably Workday. Proficiency with risk management information systems (RMIS). Proficiency in Microsoft Office 365 (Excel, Word, PowerPoint, Teams). Compensation and Benefits This role’s base salary is reflective of the range of salary levels for all roles within the pay grade across the U.S. Pay will vary based on role, skill set, experience, education and geographic location. The position is eligible to participate in an incentive compensation plan, and additional benefits are provided under the bank’s comprehensive total rewards program supporting physical, financial, emotional and social well‑being. Further details can be found on the Fifth Third Careers page. Location – Cincinnati, Ohio 45202 Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status. #J-18808-Ljbffr Fifth Third