Retirement Specialist

<p>With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.</p>

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />Learn more about your options as an external candidate. <a href="" target="_blank" rel="noopener noreferrer">Click here</a> to view open positions.

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Competitive Total Compensation Package

Overview: Responsible for the administration of retirement and/or savings plans. Assists in retirement and/or savings related projects to provide efficiency and drive execution resulting in better products, systems and services to BCBSM and subsidiary employees and retirees. Communicates with customers and explains the benefit plans and distributions. Maintains plan records and ensures compliance with federal regulations.
Responsibilities: <ul style="font-weight: 400;"> <li>Analyze, verify and process pension and life insurance claims.</li> <li>Respond to employee/retiree inquiries via email/telephone from all of BCBSM and its subsidiaries including NBU employees, BU employees, and executives with limited supervision abiding by all corporate and employee policies and procedures.</li> <li>Assist in departmental activities that include, but are not limited to data analysis, maintenance of records and documentation of procedures.</li> <li>Provide technical support to teammates in the department.</li> <li>Prepare information for internal and external audits and market surveys as necessary.</li> <li>Assist in drafting, reviewing, and distribution of plan documents, amendments, summary plan descriptions, and other documents in accordance with regulatory requirements.</li> <li>Participate in work groups composed of various areas in the corporation to complete projects and/or tasks.</li> <li>Assist personnel (both internal and external) by answering questions, supplying information and training as necessary.</li> <li>Aid in the development, maintenance and production of monthly, quarterly or annual reports as required.</li> <li>Assist in developing information to support Human Resources policies and procedures in daily dealings with individuals and/or departments in the corporation.</li> <li>Perform other duties as assigned.</li> </ul>
Requirements: <p><strong><em><u>Departmental Preferences:</u></em></strong></p> <ul> <li>Strong mathematic skills and working knowledge of discounts, interest, proportions, percentages, and exponentials.</li> <li>Working knowledge of both retirement and health &amp; welfare benefits.</li> <li>Experience with system programming logic and file interface transfers.</li> </ul> <p><strong>Qualifications</strong></p> <ul> <li>Bachelor Degree in Business Administration, Computer Science, Mathematics, Actuarial Science, Economics, Finance, or Human Resources Management preferred.</li> <li>Applied work-related experience in ensuring compliance to Employee Retirement Income Security Act (ERISA), Department of Labor (DOL), and Internal Revenue Service (IRS) codes, legislation, and practices as related to retirement programs.</li> <li>Three years of experience in administering benefits, interpreting plan language, preparing summary plan descriptions, annual pension statements, etc. for pension and/or savings plans.</li> <li>Excellent analytical, organizational, problem resolution, verbal and written communication skills.</li> <li>Must be self-motivated, able to work independently and within established deadlines.</li> <li>Proficient in MS Office skills (Excel, Word and PowerPoint).</li> <li>Strong customer service skills and ability to work and communicate with vendors, employees (clients), cross-functional teams and senior leaders.</li> <li>Solid communication skills. Ability to present retirement benefits to individuals, small and large audiences.</li> <li>Experience with calculation of pension benefits, non-qualified plans, suspension of benefits, Certificates of Entitlement, RMD's, and administration of qualified savings plans.</li> <li>Working knowledge of applicable Human Resources laws (i.e. ERISA, FLSA, OHSA, etc.).</li> <li>Other related skills and/or abilities may be required to do this job.</li> </ul> <p><em>All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.</em></p>