Senior Benefits Specialist

At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible. 

Position Summary:

The Senior Benefits Specialist is responsible for the administration and strategic support of the company's U.S. 401(k) retirement plan and global benefits programs. This role serves as the subject matter expert for retirement plan compliance, participant education, and vendor management, while also supporting the design, implementation, and administration of international benefit programs. The Senior Benefits Specialist partners closely with the Director of Global Benefits to ensure seamless execution of retirement and global benefits strategies, and serves as a key resource for employees navigating complex retirement and expatriate benefit scenarios.

The Senior Benefits Specialist will ensure proper and timely delivery of benefits and issue resolution for participants. The job requires the individual to be a team player with the ability to function well in a fast-paced and deadline driven environment.

Essential Functions:

U.S. 401(k) Plan Administration

• Oversee the day-to-day administration of the company's 401(k) plan, including participant enrollments, contribution changes, loan processing, hardship withdrawals, and distributions.

• Serve as the primary liaison with the 401(k) recordkeeper, TPA, and investment advisors, ensuring timely and accurate plan operations.

• Coordinate annual compliance testing (ADP/ACP, top-heavy, coverage) and work with the TPA to resolve any issues.

• Manage the preparation and filing of Form 5500 and ensure timely distribution of required notices (e.g., Safe Harbor, QDIA, fee disclosures).

• Lead the annual 401(k) audit process, coordinating with external auditors and finance teams.

• Monitor plan performance, fees, and investment options; recommend enhancements to improve participant outcomes.

Participant Education & Engagement

• Design and deliver retirement education programs, including webinars, one-on-one counseling, and written materials.

• Partner with the recordkeeper and financial advisors to promote financial wellness and retirement readiness.

• Support Open Enrollment and new hire onboarding with 401(k) education and enrollment support.

Global Benefits Program Support

• Assist the Director of Global Benefits with the administration of international benefit programs, including health, retirement, and statutory benefits for employees in [list countries/regions].

• Coordinate with global vendors, brokers, and in-country HR teams to ensure compliance with local regulations and company standards.

• Support the design and implementation of new global benefit programs as the company expands internationally.

• Maintain global benefits documentation, including plan summaries, vendor contracts, and compliance records.

Compliance & Governance

• Ensure the 401(k) plan operates in compliance with ERISA, IRS regulations, and DOL requirements.

• Stay current on regulatory changes affecting retirement and global benefits and recommend policy or process updates.

• Serve as a resource for the Benefits Committee, preparing materials, presenting data, and documenting decisions.

Vendor & Broker Management

• Manage relationships with 401(k) recordkeepers, TPAs, investment advisors, and global benefits brokers.

• Negotiate contracts, monitor SLAs, and resolve escalated issues.

• Lead quarterly business reviews to assess vendor performance and identify opportunities for improvement.

Data Analysis & Reporting

• Analyze 401(k) participation, contribution rates, and investment trends to inform strategic recommendations.

• Prepare executive-level reports on retirement plan health, global benefits utilization, and cost projections.

• Partner with HRIS and Payroll teams to ensure accurate data integration and reporting.

Project Management

• Lead or support special projects related to retirement plan design changes, global benefits harmonization, M&A integration, and system implementations.

Professional Conduct

• Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.

• Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role

• Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Qualifications:

• Bachelor’s degree in Human Resources, Finance, Business Administration or related field

• 4-6 years of benefits administration experience, with a significant focus on 401(k) or retirement plan management

• Proficient in Microsoft Word/Excel (HR software experience is a plus)

• Strong knowledge of federal and state regulations, filing and compliance requirements including ERISA, IRS regulations, DOL requirements, COBRA, FMLA, ADA, Section 125 and workers’ compensation

• Excellent written, oral and interpersonal communication skills

• Proven ability to manage vendor relationships and lead compliance processes

• Excellent analytical, problem-solving, and project management skills

• Ability to multi-task and adapt quickly to change

• Maintain confidentiality and a high level of ethics in all matters and interactions

• Must be a team player

Our Values:

Our Life Moves Us philosophy is built on four values: Passionate About Innovation, Customer Focused, Teamwork, and Driven.

• Passionate about Innovation: Improving patient care by delivering advanced technology to our customers is at the core of what we do. We are passionate in our role in improving the lives of patients by continuously developing better solutions.

• Customer Focused: We listen to our customers’ needs and respond with a sense of urgency.

• Teamwork: Working together, anything is possible. We value every person on our team and treat each other with respect. We are accountable to one another and support each other. Together, we make each other stronger.

• Driven: We pursue our mission with energy and passion. We are nimble, results-oriented and decisive. We overcome obstacles that arise in our quest to deliver solutions that will improve the lives of our customers and patients.

Equal Employment Opportunity:

Globus Medical is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, disability, marital status, pregnancy, national origin or citizenship. We are committed to a diverse workforce. We value all employees’ talents and support an environment that is inclusive and respectful.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.