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Benefits Consultant - Consultant Senior

Company: American Electric Power
Location: Columbus
Posted on: October 15, 2021

Job Description:

Job Description:

Position Summary:

Proactively seek, develop, and advance innovative design recommendation to further key business strategies as well as talent attraction and retention. Work independently to provide oversight, support, and analysis of system benefit plans and work-life programs, e.g., pension, employee insurance, executive benefits, savings, sick leave, etc. This includes maintenance of ongoing efforts to keep system plans competitive and cost effective by being aware of current benefit market conditions and legislative activities. Furnish guidance on AEP benefit plans and their administration to the various HR organizations. Apply knowledge regarding AEP's business, industry data, and financial strategies and systems. 


Essential Job Functions:

Apply broad knowledge of employee benefit programs, including health insurance, pension, 401K, SERP, and other executive benefits and paid time off to program oversight and administration.

Conduct research, analyze benefit plan trends, and provide input on benefits strategy and programs to keep AEP System plan competitive and within guidelines and objectives. 

Develop and present ideas for new benefit plan designs that enhance their functional capacity for the Company and better serve employees.

Analyze probable effects and resultant impact of change in System benefit programs and assist in the development of the communication to inform upper management.

Lead benefits projects with a focus on both change and project management and inclusion of key stakeholders.

Recommend and maintain administrative controls and audits in System benefit plan administration to ensure efficient operation including maintenance of necessary records and procedures to control plan costs.

Development of effective communications that promote System benefit plans and keep employees informed of the value of Company sponsored benefit plans to maximize employee relations aspects.

Conduct research for long-range benefits planning; prepare documentation for reporting findings and include clearly stated financial implications.

Serve as communication and operational liaison between benefit plan vendors and other HR organizations.

Requirements

NOTE: This position will be filled at the level commensurate with the qualifications and experience of the selected candidates as compared to the minimum education and experience requirements listed below.

Education: Bachelor's Degree in Human Resources, Insurance, Economics, or related field; or Associate's Degree with Two (2) years of HR experience; or High School Diploma/GED with Four (4) years of HR experience, in addition to any experience listed below. 

Experience: Four (4) years of HR experience, to include Two (2) years of benefits plan design experience, in addition to any experience required in lieu of degree; Six (6) years of HR experience, including Three (3) in benefits plan design required for consideration at Senior level; Experience in ERISA. 


OTHER REQUIREMENTS - ADDITIONAL INFORMATION:

Certified Employee Benefits Specialist (CEBS) or Certified Benefits Professional (CBP) designation preferred.

Strong verbal and written communication skills.

Keywords: American Electric Power, Columbus , Benefits Consultant - Consultant Senior, Other , Columbus, Ohio

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