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GENERAL FUNCTION:

This position is responsible for administering select Health and Welfare benefit plans in compliance with federal regulations as well as established Bank policies.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Manage highly complex Health and Welfare benefit plans.Manage annual Open Enrollment.Assist with the design and evaluation of Health and Welfare benefit policies and programs and ensure the plans are competitive and in compliance with legal requirements.Analyze benefits experience and utilization patterns to identify trends and areas for improvement.  Participate in vendor RFP process.Manage implementation process for new vendors and programs.Reviews and coordinates the delivery of employee benefits communications.Prepare applicable regulatory filings – i.e. 5500’s, etc.Responsible for third party vendor management to ensure quality service and accurate administration of plans.Assist employees and internal partners to resolve escalated benefit issues.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Bachelor's degree in Human Resources or related field. Master degree preferred but not required.5-10 years of related experience.HR/Benefits certification preferred.Knowledge of benefits terminology and applicable law (ERISA, FMLA, FLSA, USERRA, COBRA, HIPPA, etc.).Strong written and oral communication skills.Must be comfortable with public speaking.Strong desire for accuracy, a concern for detail.Strong problem solving, technical and analytical abilities.Strong interpersonal skills and ability to work in a team environment.Ability to work independently with a multitude of tasks.Knowledge of medical data warehouse software, general medical and pharmacy protocol and practice and employee insurance benefits.Must be proficient in the use of PC (Microsoft Office package - Excel, Word, PowerPoint).

Senior Employee Benefits Analyst - Health & Welfare

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

LOCATION -- Cincinnati, Ohio 45202

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.