Senior Employee Benefits Analyst
Fifth Third BankAbout the role
Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION:
This position is responsible to administer select benefit and time-away programs in compliance with federal and state regulation as well as established Bank policies. Assists in researching, analyzing, and evaluating existing benefits and time-away policies and prevailing practices among similar organizations to recommend changes to existing plans and/or develop new plans which may establish more competitive benefit or time-away programs in assigned areas.
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 colleagues, and ensures that actions and behaviors drive a positive employee 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 the Bank’s Worker’s Compensation program and policies across all states in which the Bank has a presence, including a self-insured Ohio employer worker’s compensation program.
- Assist in managing the Bank’s Leave and Time-Away programs including but not limited to STD, LTD, FMLA, Paid Parental Leave, etc.
- Assist with the design and evaluation of benefit and time-away programs and insurance policies to ensure they are current regarding processes, procedures, and industry trends. Ensure that applicable programs and policies are in compliance with respective legal & regulatory requirements.
- Participate in contract and policy review and renewal processes for applicable programs and insurance contracts/policies.
- Analyze worker’s compensation claims experience and utilization patterns for cost control and risk-assessment factors.
- Work with worker’s compensation carrier to perform annual retrospective audits.
- Participate in RFP process to including development of specifications, summaries, experience data, reporting and analysis of responses.
- Manage implementation process for new vendors, carriers, and programs including review of policies, contracts, and plan documents (SPD's, Certificates of Coverage, etc.).
- Work with HRIT and HR Operations to set up and ensure applicable benefit plans are administered appropriately.
- Work with legal counsel (internal and external) as needed regarding the disposition of workers’ compensation claims. <
Apply for this role
Generate a tailored application kit with a matched cover letter, interview prep, and CV highlights — in under 60 seconds.
Apply Now →Generate Application KitFree account required — sign up in 30s