The employee benefits program is looked after the individual called the benefits administrator professional. He or she particularly looks after the plans related to health and insurance. The benefits administrator needs to be familiar with the topics of stock ownership and profit sharing. The profile of the benefits administrator is becoming complex now days. A benefit administrator is responsible for managing the firm’s employee compensation and programs related to the benefit of the employee. He or she is required to communicate various differences about the available packages to the staff members.
Benefits of Administrator Duties or Responsibilities
Tasks of the benefits administrator are:
- The main task of the benefits administrator keeps the employees updated on the status of their benefits and keeps a record of the final paperwork.
- This paperwork is completed or released when the employees leave the organization.
- The non-routine disputes between the employees and the insurance company are investigated and resolved by the benefits administrator.
- To coordinate and process the enrollment, process the disability, death and other claims.
- Develops and administers programs like pension funds and retirements plan for the employees of the firm.
- The benefits administrator also offers financial counseling to retiring employees.
- He or she also plans and implements the programs that are launched by the company.
- The benefits administrator must intimate any change in the plan and should communicate it to the labor union and the international labor association.
Benefits Administrator Qualification and Skills
The minimum requirement for becoming a benefits administrator is to be a high school graduate and acquire a bachelor’s degree in business administration or commerce. He or she can also opt for the courses that the colleges provide in various fields of business law, finance, and industrial relations.
Skills and Competencies:
The benefits administrator is required to encompass the following attributes:
- Knowledge as to how to conduct research,
- Analytical skills,
- Maintain the comprehensive data and the records,
- Skills to organize things,
- Excellent communication and interpersonal skills,
- Ability to implement and formulate the plan and policies,
- The benefits administrator must have computer skills.
Regardless of the educational qualification, it is very important to meet the job requirements if one aims to survive the job. The benefits administrator can only sustain the career if he or she works hard and comply with all the responsibilities that are assigned. The future has many job opportunities for the benefits administrator.
The benefits administrator can also progress to other positions like Industrial Relation Director, Executive Director and Secretary-General. The benefits administrator can also open a consultancy firm wherein he or she can act as an associate consultant in human resources. With the growth in the insurance industry, there is much growing need of the benefits administrator in the government sector.