Benefits Consultant

MFS Investment Management • Boston, MA

2d • $79,000 - $113,000 • Hybrid

About The Position

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

Using discretion, judgment and in-depth Benefits experience and knowledge, the Benefits Consultant is responsible for designing, implementing, and managing employee benefits programs and initiatives that promote overall employee well-being or end-to-end operations of the Benefits team.

Requirements

• Bachelor's Degree required.
• 5-6+ years Benefits/HR experience required
• Demonstrated abilities using analytical thinking/problem solving skills in identifying issues and providing solutions as required, partnering with employees, internal partners, and vendors to resolve issues.
• Strong interpersonal skills with demonstrated ability to build and maintain productive working relationships with a wide range of contacts.
• Solid organization and time management skills with demonstrated ability to effectively manage multiple priorities and meet deadlines.
• Ability to protect and maintain highly confidential information.

Responsibilities

• Oversee Benefits processes and systems with an emphasis on process improvement to ensure top-notch employee experience and accurate records in compliance with all local, state and federal regulations.
• Ensure thorough formal documentation for all benefits processes and accurate records are maintained while providing top notch employee support.
• Maintain and update annual compliance calendar.
• Monitor current and emerging market trends for benefit programs and their delivery, as well as data related to employee benefits utilization and program participation, to develop and provide recommendations to Director of Benefits and HR leadership.
• Maintain proper Plan documents for Welfare and Retirement Plans.
• Working with Legal, ensure legislative updates are reflected in documents.
• Review procedures and update as needed to comply with local, state and federal legislative changes to ensure alignment with employee policy manual.
• Under the direction of the Director of Benefits and in partnership with Global Benefits Manager, provide input to strategy for employee well-being program working with input from ERGs, consultants, and business partners.
• Lead the coordination and implementation of US the program.
• Manage all Benefit vendor relationships in adherence with MFS internal vendor requirements.
• Working with Legal, Risk, and IT, ensure all vendor due diligence is performed in a satisfactory manner.
• Making recommendations as necessary in the event of under-performing vendors.
• Participate in all global benefits RFPs as lead for reviewing and onboarding benefits vendors.
• Create compelling global benefits communication plan; identifying opportunities for communication and working with business partners to ensure communications are effective.
• Lead ongoing global pension review, partnering with local working groups and providing regular updates to appropriate bodies, including the Retirement Investment Committee, to ensure proper governance and oversight of retirement plans globally.
• Oversee all benefits audits, including annual retirement plans audit.
• Ensure compliance with applicable laws and regulations, such as the Affordable Care Act (ACA0, the Health Insurance Portability and Accountability Act (HIPAA), and Massachusetts Paid Family Medical Leave Act (MPFML).
• Responsible for ensuring timely filing of all state and federal US regulatory filings.
• Support global team with relevant local filings.
• Address employee inquiries and concerns related to benefits, work closely with HR, employees, and vendors to resolve issues in a timely manner.
• Partner with benefits and technology teams ensure benefits administration tasks are operationalized on the Workday platform where appropriate with a focus on continuous improvement.
• Conduct data audits in addition to regularly scheduled reconciliations to ensure data accuracy across all systems.
• Review and approve all leave of absence and Americans with Disabilities Act (ADA) accommodation requests, ensuring compliance with all applicable regulations and internal procedures.
• May manage and provide Benefits Associate/Sr. Associate

Benefits

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level