Benefits Specialist - Health and Welfare

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Benefits Specialist – Health and Welfare

At TSMC Arizona, brilliance can ignite a world of innovation and launch a promising future. The world’s most brilliant innovators entrust us to transform their ideas into world-changing products that impact millions of lives. If you have the same passion to pursue excellence, you will find your fit here.

TSMC Arizona is looking for aBenefits Specialist of Health & Welfare to join our 4-nanometer fab, located in sunny Phoenix, Arizona. As a Benefits Specialist, you will demonstrate a strong sense of reliability and enthusiasm and will possess an attitude that embodies our core values – Integrity, Commitment, Innovation and Customer Trust. We need a team player who is ready to run in this fast-paced, scaling environment.

TSMC Arizona’s Benefits function is largely responsible for enabling the organization to competitively attract and retain top-level semiconductor talent.

Your main responsibilities include:

• Conducts research and contributes input as an active team member to the long-term benefits strategy for the organization to provide cost-effective benefit programs that provide a competitive advantage in the attraction and retention of talent.
• Provides daily support to answer benefit inquiries from all U.S. team members, including Taiwan training assignees. Be a subject-matter expert on medical, dental, vision, life and AD&D, disability, FSA, Voluntary benefits, EAP and wellness, COBRA, paid-time-off (PTO), and Holidays.
• Partners with broker(s) and other vendors to conduct quarterly and annual reviews of the company’s benefit plans and provide recommendations for plan changes to balance competitiveness with fiscal responsibility, ensuring alignment with the Benefits Strategy.
• Manages annual benefit open enrollment process, communication, and family benefits fair.
• Reconciles and processes plan invoices ensuring vendors are paid on time.
• Partners with Payroll, Finance, Legal, and other HR team members to effectively deliver benefits design and provide benefits-related support, training, and reporting as needed. Collaborates with HQ to gather input and inform.
• Manages vendor relationships and automated vendor files to ensure eligibility and enrollment is being successfully reported and updated.
• Participates in benefits-related New Hire and Relocation activities, including bi-weekly benefits presentations.
• Responsible for updating, maintaining, and posting benefit plan policies and procedures.
• Responds to medical support notices (QMSCOs).
• Ensures benefit plan compliance with ERISA, COBRA, ACA, HIPAA, Section 125, HSA rules, and other benefit regulatory requirements including FSA Non-Discrimination Testing processes and procedures.
• Responsible for sourcing Leave Administration support and supporting LOA case management, as needed.
• Is a team player, a quick learner, and is not afraid of the challenges that come with a fast paced, fast growth company.

General Requirements & Capabilities:

• Minimum of five (5) years program management level experience of self-funded and fully insured Health & Welfare benefit programs; including new benefit plan and vendor implementations.
• Comfortable working in a fast-paced startup culture – comfort with ambiguity and continuous problem solving.
• Demonstrated ability to lead multiple projects, manage multiple vendors, as well as prioritize day-to-day tasks and responsibilities.
• Works cooperatively and positively with fellow team members and vendors.
• Comprehensive understanding of applicable health and welfare compliance regulations.
• Demonstrates initiative, critical thinking, and the ability to manage own time, coupled with the ability to shift tasks as priorities change.
• Creative with problem-solving and is solution and detail oriented.
• Strong written, verbal, and presentation skills to effectively communicate benefit information at all levels.
• Maintains confidentiality and exercises good judgment with sensitive information.
• Proficient with Microsoft Office products, including Word, Excel, PowerPoint, and Outlook.
• Experience with ADP is a plus.

Flexibility to work…