Benefits Specialist

6 months ago

Toronto, Canada IKO Industries Ltd. Full time

IKO Industries Ltd. is a market leader in the manufacturing of roofing and building materials. IKO is a Canadian owned and operated business with production facilities worldwide and has many years of unparalleled success in the roofing materials industry. Quality, integrity, and trustworthiness are the values that underlie this success, and we have built this company by hiring people who hold these values. People like you

**Job Description**:
WHAT’S IN IT FOR YOU?
- Competitive compensation/pay package
- Dental/Vision/Medical benefits
- Life Insurance
- Health Spending Account
- Employee Support and Mental Wellness
- Competitive matched retirement savings program - 401k (US) / RRSP (Canada)
- Be part of a long-standing and stable industry leader

WHEN YOU JOIN US, YOU WILL:

- Research employee benefits plans and vendors to identify those that present the best value. Recommend and implement new benefits programs. Examine possible plan designs and benefits cost changes.
- Serve as primary contact for plan vendors and third-party administrators. Coordinate transfer of data to external contacts for services, premiums and plan administration. Evaluate and revise internal processes to reduce costs and increase efficiency. Document and maintain administrative procedures for assigned benefits processes. Ensure compliance with applicable government regulations. Ensure timeliness and accuracy of required reporting and fees.
- Coordinate daily benefits processing. Handle enrollments, terminations, changes, beneficiaries, disability, accident and death claims. Oversee maintenance of employee benefits files, maintain group benefits database and update employee payroll records.
- Gather employee data and oversee the processing of monthly billings and the preparation of vouchers for payment of administrative fees for all group plans. Allocate group health and dental claims monthly and reviews quarterly.
- Analyze current benefits, evaluating the use, services, coverage, effectiveness, cost, plan experience and competitive trends in benefits programs, and identify the company's position.
- Perform plan audits. Prepare, collect and organize data for actuarial assessments. Review both short
- and long-range cost estimates/projections and relevant statistical analyses regarding modifications in benefits programs and implementation of new programs.
- Compensation related activities: evaluate job descriptions; maintenance of job descriptions to ensure changes made by managers are consistent with the template; updating all job descriptions to include job level and appropriate competencies; and administration of Job Evaluation program (keeping files up to date).
- Survey industry trends. Complete benefits surveys and review information obtained from the results. Analyze complex benefits information, forecast trends and assist with future benefits designs. Develop specific recommendations for review by management.
- Monitor administrative costs of benefits programs and recommend cost containment strategies, including alternative methods for administration and funding. Prepare budgetary recommendations and assist in the monitoring, verifying and reconciling of budgeted funds.
- Provide customer service support to internal and external customers. Develop communication tools to enhance understanding of the company's benefits package.
- Design and distribute materials for benefits orientations, open enrollment and summary plan descriptions. Provide training and support to HR associates and associated company employees.

OUR IDEAL CANDIDATE;
- Completion of a post-secondary HR diploma or degree program, or equivalent experience.
- 3+ years of benefits experience with understanding of legislation.
- Previous experience with Workday preferred
- Strong organizational skills to work efficiently and meet deadlines.
- Proven ability to communicate and coordinate with team and external stakeholders in a positive manner to build strong relationships.
- Keen sense of confidentiality for sensitive information
- Excellent analytical and Excel skills to assess data and report findings.

LI-MR

Benefits of Employment: IKO recognizes that its success is due to the strength of its employees. A primary goal of IKO is to promote individual employee's sense of accomplishment and contribution so that employees enjoy their association with IKO. The Company invests in its employees so that they are the most knowledgeable in the industry, and undertakes great efforts to nurture loyalty to, and teamwork at, IKO. We are pleased to offer competitive compensation, health care, a progressive and challenging workplace and a commitment to teamwork and integrity.

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