Benefits Specialist I
About The Position
The Benefits Specialist I supports the administration of Regal Rexnord’s U.S. health and welfare benefits and assists with global benefit plans as needed. The role is part of the Total Rewards team and partners with HR Business Partners, team members, beneficiaries, and vendors to address questions and issues. It helps ensure accurate benefits plan materials, administration, and reporting, and provides opportunities to learn about health plans. The position is based at the South Beloit, Illinois location and follows a hybrid work model: onsite at least three days per week, with the option to work remotely up to two days per week. The Benefits Specialist reports to the Health and Welfare Benefits Manager.
Requirements
- Bachelor’s degree or equivalent experience in HR, Finance, or a similar field.
- At least 1 year of HR or benefits experience.
- Strong analytical and problem-solving abilities.
- Excellent communication skills, attention to detail, and the ability to analyze, organize, and communicate effectively in writing and verbally.
- Ability to be hands-on, demonstrate resourcefulness, initiative, and results-orientation, embrace continuous improvement, and work with Regal Rexnord’s 80/20 principles.
- Ability to develop and foster strong partnerships.
- Must be eligible to work in the United States without requiring company sponsorship to obtain or keep U.S. work authorization.
Responsibilities
- Respond to Human Resource Business Partners, team members, beneficiaries, and vendor partners regarding health and welfare plan inquiries and matters.
- Conduct new-hire benefits orientation sessions.
- Manage monthly vendor invoices and coordinate payments for Health and Welfare plans.
- Support the ongoing administration of the benefits administration platform and Human Capital Management (HCM) system.
- Oversee payroll-related benefits administration, including approval of Payroll Authorization Forms (PAF) and prior service credit administration.
- Administer benefit programs, including wellness, leaves of absence (LOA), and discount programs.
- Maintain benefit plan materials on the HR SharePoint site and benefits administration platform.
- Assist with the annual Open Enrollment process.
- Act as a vendor liaison and help maintain strong vendor partnerships.
- Manage Qualified Medical Child Support Order (QMCSO) administration, employment verification requests, and relocation assistance.
Benefits
- Medical, dental, vision, and prescription drug coverage.
- Spending accounts, including HSA, Health Care FSA, and Dependent Care FSA.
- Paid time off and holidays.
- 401(k) retirement plan with matching employer contributions.
- Life and Accidental Death & Dismemberment (AD&D) insurance.
- Paid leaves.
- Tuition assistance.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
