Total Rewards Manager

Zeon Chemicals•Louisville, KY

40d

About The Position

The Total Rewards Manager is responsible for strategically managing and administering comprehensive employee benefits, retirement, and compensation programs, including policies and procedures, that support workforce well-being, ensure regulatory compliance, and align with organizational goals.

Requirements

Bachelor's degree in Human Resources, Accounting, or related field is required.
5+ years of experience in compensation and benefits management is required.
Specific knowledge of benefit programs, administration, and government regulations is required.
Demonstrated analytical skills are required.
Ability to manage multiple projects simultaneously is required.
Excellent verbal and written communication skills are required.
Advanced working knowledge of Excel is required.

Nice To Haves

General knowledge of Human Resources administration and procedures is preferred.

Responsibilities

Manage and administer various employee benefits programs, such as group health, flexible spending accounts, health savings accounts, dental and vision, accident and disability, life insurance, and wellness benefits.
Manage the annual renewal process for these plans, including all aspects of Open Enrollment, such as enrollment materials, communications, and the actual enrollment event on the HRIS system.
Prepare the annual benefits budget
Assist in preparation of 5500's for the health and welfare plans
Prepare and distribute required benefits related documentation, such as SPDs and annually required notices
Seek innovative ways to streamline or improve the welfare plan reporting and strive for cost reductions, where applicable.
Ensure compliance with health care reform related reporting, fees, and notification requirements.
Maintain relationships with broker and representatives from various vendors to ensure correct administration of our plans.
Ensure employees have the necessary information regarding their benefit plans, and any questions they have are promptly addressed (with assistance from the Benefits Specialist)
Manage and administer various retirement related benefits, such as the 401(k) and both retiree medical plans.
Coordinates with actuaries, accountants, and other professionals to provide verified and compiled data for administration of benefits.
Ensure retirement plans are administered in accordance with company, state, and federal guidelines and regulations.
Assist in the preparation of 5500's for the Savings Plans
Coordinate IRS required Plan Restatements as needed
Prepare and distribute required 401(k) related documentation, such as SPDs and annually required notices
Ensure ZCLP upholds our Fiduciary responsibilities
Prepare the annual 401(k) and retiree benefit budgets
Coordinate and Lead biannual Investment Committee Meetings
Maintain relationships with our ERISA Attorney, third party Fiduciary Advisor, and representatives from the 401(k) recordkeeper and retiree medical plan administrator to ensure correct administration of our plans.
Ensure employees have necessary information regarding their retirement plans, and any questions they have are promptly addressed (with assistance from the Benefits Specialist)
Manage and administer various compensation related functions, including survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis.
Develop and maintain compensation strategy and ensure the compensation and benefits programs remain competitive and align with strategy.
Manage and administer the merit process, including calculating performance-based merit increases and other tenets of our salary administration program.
Manage the annual IAP/bonus program, including preparing the IAP bonus calculation
Assist in the annual headcount process, understanding and documenting headcount changes
Lead the annual the annual labor budget process, including working with site leaders to understand labor changes and calculating the actual budget
Maintains knowledge of legal and regulatory changes, trends, and other developments affecting all aspects of welfare, retirement, and compensation.
Monitor requirements and participate in JSOX audits with no violations.
Ensure understanding of accounting related needs from the benefit area and provide information as needed.
Conducts group presentations to ensure employee understanding of various benefits and compensation benefits.
Supervise and develop direct report(s) as assigned.
Establish annual performance goals and objectives for team members providing regular feedback and annual performance reviews.