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Benefits Analyst

Date:  May 2, 2021
Location: 

Chicago, IL, US, 60631

Req ID:  21086
Onsite or Remote: 

Komatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for customers through innovative solutions. With a diverse line of products supported by our advanced IoT technologies, regional distribution channels, and a global service network, we tap into the power of data and technology to enhance safety and productivity while optimizing performance. Komatsu supports a myriad of markets, including housing, infrastructure, water, pipeline, minerals, automobile, aerospace, electronics and medical, through its many brands and subsidiaries, including Joy, P&H, Montabert, Modular Mining Systems, Hensley Industries, NTC, and Gigaphoton.

Job Overview

This position is responsible for providing analysis and reporting on the company’s benefit plans as well as supporting the day-to-day operations of group benefit plans (including health, dental, vision, disability, retirement plans, retiree medical) and HRIS.  The Benefits Specialist will also investigate escalated benefit inquiries related to the plan rules, and provide response to the HR contact or current and former employee directing these inquiries.

Key Job Responsibilities

  • Provides analytical and technical support in the delivery of the benefits programs.  Gathers data needed to support insurance renewals, annual plan audits, plan valuations, benefit surveys, and ad hoc reporting.  Transmits data to benefit vendors to implement benefit updates and changes, and then validates the successful implementation of those changes
  • Uses a benefit Plan Documents, Summary Plan Description(s) and other reference materials to address and resolve escalated benefit plan inquiries from current and former employees as well as retirees in a timely manner.  Analyzes and assists with the development of policies and procedures to ensure benefit programs meet compliance requirements.
  • Assists with the processing and development of HRIS and Benefit reporting.  Assists in identifying and resolving issues in the HRIS and Benefits system.
  • Serves as a backup for handling employee, retiree and HR field personnel questions related to the Komatsu Benefit Programs through phone calls and e-mail communication, as needed.  Provides additional support in these areas during the open enrollment and other peak benefit periods.
  • Processes all benefit vendor invoices and tracks monthly benefit expenses to comply with SOX processes, respond to Accounting inquiries, and provides analysis of variances and exceptional expenses.
  • Keeps abreast of current trends and regulatory issues surrounding benefit plan design and administration; researches how regulatory issues affect the company’s plans, including reporting and disclosure requirements and best practices. Maintains regulatory compliance.
  • Other duties as assigned.

Qualifications/Requirements

  • Bachelor degree, one to three years of experience in benefits, including employee benefits and retirement plans (both defined benefit and defined contribution plans).  
  • Intermediate knowledge of employee benefits and retirement plan administration, mechanics, legal regulations (including ERISA, PPA, IRS, DOL, HIPAA, COBRA, Section 125, ADA, FMLA, and Medicare), and best practices.  Demonstrated experience with independently handling both day-to-day and complex benefit inquiries.  
  • Strong written and verbal communication skills, and the ability to manage inbound calls, email and employee inquiries related to the company’s benefit.  Ability to communicate and collaborate with various levels across the organization.    
  • Detailed oriented, well organized, and high attention to accuracy.
  • Solid project management and problem-solving skills, and is results-oriented.
  • Self-starter and able to handle multiple priorities.
  • Ability to work as an effective team player as well as work independently.
  • Advanced PC skills in MS Office Suite, specifically MS Excel and Power Point.  Experience and / or aptitude using Excel formulas and functions to gather, analyze, manipulate and audit large data sets.  
  • Strong knowledge of databases, report writing and HRIS systems.  Previous experience using payroll and benefit systems, preferable ADP Enterprise.
  • Physical Requirements:  This position requires sitting for extended periods of time over 90% of the work period to complete detailed work, typically using a PC.  The position occasionally requires working extended periods to meet time sensitive deadlines.  

Additional Information

Komatsu is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.


Nearest Major Market: Chicago

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