Benefits Specialist

Company: CoStar Group
Location: Washington
Posted on: March 19, 2023

Job Description:

Benefits Specialist
Job Description
Overview CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world's real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives. We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We've continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate. As a Benefits Specialist, you will recommend and guide the implementation of new and/or improved processes, enhance employee and manager experience with CoStar Group's Leave of Absence programs and occupational and non-occupational disability programs, and collaborate with internal departments such as HR, Legal, Payroll, Finance, employees, managers, and third-party administrators to ensure the programs are administered accurately, consistently, and in the best interest of the company and the employees. In addition, you will assist the CoStar Group Benefits Team with ongoing initiatives related to the administration of CoStar Group's benefit plans, including group health, dental, vision, wellness, short-term and long-term disability, life insurance, flexible spending plans, health savings accounts, voluntary benefits, employee stock purchase plan and 401(k) retirement plan. This position is located in our Washington, DC office and offers 1 day remote per week.Responsibilities

• Investigate new benefit programs, improve existing programs, supervise and monitor benefit administration. Assist with the design employee benefit plans. Provide analytical and technical support in the delivery of the benefit programs.
• Coordinate daily benefit processing - enrollments, terminations, changes, etc.
• Gather employee data and oversee the processing of monthly invoices and the preparation of payment of invoices for all group plans.
• Provide service support to internal and external customers.
• Implement and maintain benefit records in Workday. Provide the technical support, test system functionality and work with end users to provide system support and troubleshoot system problems.
• Serve as primary contact for plan vendors and third-party administrators. Coordinate transfer of data to external contacts for services, premiums and plan administration. Work effectively to make sure the plans run smoothly. Investigate discrepancies and provide information in non-routine situations.
  • Evaluate and revise internal processes to increase efficiency.
  • Document, and maintain administrative procedures for assigned benefit processes.
  • Ensure compliance with applicable government regulations.
  • Assure timeliness and accuracy of required compliance filings.
    • Assist with the design implementation of benefit programs.
    • Assist in the management of the benefit plan renewal process.
    • Examine possible plan design and/or benefit cost alternatives.
      • Develop communication tools to enhance understanding of the company's benefits package.
      • Create and conduct benefits presentations.
      • Provide training and support to human resources staff.Basic Qualifications
        • Bachelor's degree required.
        • 3-5 years related benefits or employee benefit administration experience desired.
          • Excellent communication and organization skills are required.
          • Proven ability to work effectively in a team environment with associates.
          • Capability of effective planning and priority setting.
          • Ability to manage several complex projects simultaneously while working under pressure to meet deadlines.
          • Strong analytical skills and a thorough knowledge of plan designs. Ability to understand, evaluate and make judgment on proposals.
          • Computer proficiency and technical aptitude with the ability to utilize MS Word, Excel, Power Point are required
          • Knowledge of all pertinent federal and state regulations, filing and compliance requirements both adopted and pending affecting employee benefit programs, including ERISA, COBRA, FMLA, ADA, SECTION 125, IRS and DOL requirements.Preferred Qualifications:
            • Project and team management/leadership skills and experience.
            • Professional designations preferred.
            • Experience with work Workday is strongly desired.What's in it for you? When you join CoStar Group, you'll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed. We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program. Our benefits package includes (but is not limited to):
              • Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
              • Life, legal, and supplementary insurance
              • Virtual and in person mental health counseling services for individuals and family
              • Commuter and parking benefits
              • 401(K) retirement plan with matching contributions
              • Employee stock purchase plan
              • Paid time off
              • Tuition reimbursement
              • On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes
              • Access to CoStar Group's Diversity, Equity, & Inclusion Employee Resource Groups
              • Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position.
                CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

Keywords: CoStar Group, Washington DC , Benefits Specialist, Other , Washington, DC