CME Group
Sr Benefits Specialist
Chicago - 20 S · Senior
Sponsorship not specified$39k-$65kDetected 28 days ago
Data AnalysisComplianceValuationHRISCustomer SupportHIPAAResearchCommunication
About the role
- This role will administer retirement plans and assist in the execution of the financial wellness strategy of the Company.
- Identify and research employee and participant issues utilizing acclimation with internal systems and records, plan documentation review and interpretation.
- Utilize extensive knowledge of 401(k) and Plan provisions to identify and resolve issues.
Responsibilities
- CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process.
- Develop subject matter expertise with third-party system capabilities, reporting and automation.
- Maintain detailed Plan documentation and records and develop and review communications.
- Manage vendors in the day-to-day administration of the plans, and maintain detailed internal records and documentation.
Requirements
- Experience with new vendor implementations and overall vendor management.
- Oversee Plan compliance, audits and required regulatory testing such as nondiscrimination testing.
Nice to have
- Experience with HRIS systems, Workday experience a plus.
Skills
- Where Futures are Made
- CME Group is the world's leading derivatives marketplace.
- Transform industries.
- And build a career by shaping tomorrow.
- Problem solvers, difference makers, trailblazers.
- Those are our people.
Compensation
- The Senior Specialist, Benefits has a primary role with respect to the administration of CME's Benefits programs with a core focus on retirement benefits, including Company's cash balance Pension Plan, 401(k) Plan and deferred compensation
Benefits
- Senior Specialist, Benefits (Retirement plans focus)
- Additional administrative responsibilities in areas of life and disability insurance benefits, wellness and ancillary benefits, reporting and audit-related tasks.
- Perform administrative oversight of active cash balance Pension Plan.
- Serve a lead role in various processes with respect to the provision of data from the HRIS system to third-party pension administrator.
- Perform administration of executive benefits plans including the executive individual disability benefits program.
- Develop report specifications and/or run reports in order to ensure benefits accuracy and data integrity and perform data analysis on operation of CME benefits plans.
- Support ancillary benefits plans including paid time off programs, wellness program, and health and welfare plans.
- Primary day-to-day retirement plans vendor contact, building vendor relationships to ensure quality and excellent customer service to the organization and to employees.
- Utilizes experience implementing new benefit vendors and strong benefits system testing skills to manage components of new implementations.
- Provide regular updates to Benefits management on performance and suggest corrective actions and or recommendations for improvement.
- Manage day-to-day administration of benefits department processes by overseeing administrative tasks, responding to employee questions, researching employee issues, and supporting special projects.
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This listing is sourced directly from CME Group's careers page and normalized into a canonical job model.