Benefits Specialist at Univest Financial Corp in Souderton, Pennsylvania

Job Description:

·All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, age, marital status, pregnancy, genetic information, or other legally protected status.


Univest Financial Corp


Benefits Specialist

US-PA-Souderton

Job ID: 6521
Type: Full Time
# of Openings: 1
Category: Corporate
Univest Financial Corporation

Overview

Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a Benefits Specialist to join our Human Resources Team. Please note this position will be hybrid.

Responsibilities

Manage questions and requests from internal and external customers on benefits related matters and respond in a timely manner.

Process employee benefit changes (life events, pet insurance updates, ESPP enrollments, etc.) in HRIS and carrier sites as necessary in alignment with the bi-weekly payroll schedule.

Work with payroll specialist to confirm bi-weekly payroll accuracy for benefit changes.

Work with carrier partners on renewals, plan changes and implementations.

Manage annual benefits open enrollment set up through ADP WFN system, update rates and provide updated documents for new plans (if applicable). Create open enrollment site through intranet for employees to view benefit documents, enrollment instructions, etc. Ensure all benefit maximums are updated and shared with ADP for HSA, FSA, 401k and employer match for HSA & 401k.

Proactively identify efficiencies to improve position procedures and reduce time performing repetitive tasks.

Work with broker partners on benefits renewals; coordinate renewal information in HRIS, prepare and execute annual open enrollment for all employees ensuring all benefits related documents and information is updated and provided to carrier partners for the new plan year.

Maintain electronic files for benefit plans ensuring data is accurate.

Work with finance and accounting to share stoploss reports to track medical claims and trend.

Retirement Benefits:

• Administer all aspects of the 401k plan (rehire notifications, etc.) and provide participant information to 401k partner for annual non-discrimination testing.
• Administer pension for participants who are eligible, work with actuary to request calculations, trust team and accounts payable for monthly payments and manage process for participants who are currently receiving a benefit.
• Administer Employee Stock Purchase Plan (ESPP) per the plan guidelines. Manage new enrollments and changes to enrollments in conjunction with the Payroll Specialist.

Other:

• Responsible for monthly wellness updates, maintaining wellness site eligibility and setting up wellness events.
• Participate in annual benefit plan audits with internal and external auditors.
• Participate in/manage various Human Resources projects and/or events.
• Responsible for compliance with laws and regulations that apply to the position, including the Univest Code of Conduct.
• Perform other duties as needed.

Qualifications

Minimum 5 years’ experience managing benefits administration for a large organization, including experience in compliance, payroll and benefits-related internal controls.

Experience using ADP Workforce Now preferred.

Bachelor’s degree in business or related field helpful.

Strong time management and decision-making abilities.

Ability to handle multiple priorities simultaneously and effectively prioritize them.

Strong attention to detail and ability to perform various mathematical calculations.

Exceptional verbal/written communication skills.

High level of empathy to manage complex individual employee concerns.

Wage Range:

The salary for this position ranges from $80,000 - $85,000

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 15 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

#Univest

#LI-Hybrid

An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.

Equal employment opportunity, including veterans and individuals with disabilities.

PI265752043

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