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Associate, Financial Benefits

About this role

We are seeking a motivated and detail-oriented Associate to join our Financial Wellness Benefits team. The successful candidate will support the development, implementation, and management of financial wellness benefits programs, ensuring they align with the company's strategic goals and enhance employee satisfaction.

This role involves close collaboration with various departments, including Legal, HR, IT, and Finance.

Key Responsibilities:

  • Assist in the design and administration of financial wellness benefits programs, including 401(k) plans, employee stock purchase plan, Health Savings Accounts, Spending Accounts and other financial wellness benefits

  • Support the implementation of new benefits initiatives and ensure compliance with regulatory requirements

  • Conduct research and analysis on industry trends and best practices to inform benefits strategy

  • Collaborate with internal stakeholders to address employee inquiries and resolve benefits-related issues

  • Prepare and maintain documentation, reports, and presentations related to benefits programs

  • Participate in benefits communication efforts, including drafting employee communications and updating benefits information on the company intranet

  • Assist in the coordination of benefits enrollment processes and employee education sessions

Qualifications:

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

  • 2-3 years of experience in benefits administration or a related HR role

  • Strong analytical and problem-solving skills

  • Excellent communication and interpersonal skills

  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)

  • Knowledge of benefits regulations and compliance requirements

  • Ability to work independently and as part of a team

Preferred Qualifications:

  • Experience with Workday or other HRIS systems

  • Certification in benefits administration (e.g., CEBS, CBP)


 


 

For Wilmington, DE Only the salary range for this position is USD$82,000.00 - USD$110,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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Average salary estimate

$96000 / YEARLY (est.)
min
max
$82000K
$110000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Associate, Financial Benefits, BlackRock

At BlackRock, we're on the lookout for an enthusiastic Associate to join our Financial Wellness Benefits team in Wilmington, DE. If you're passionate about enhancing employee satisfaction through innovative financial wellness programs, then this may be your next big opportunity. This role is all about collaborating with various departments like Legal, HR, IT, and Finance to build and manage robust benefits offerings like 401(k) plans, Health Savings Accounts, and more. You'll get hands-on experience in designing and implementing these programs, ensuring they meet regulatory standards while staying in tune with industry trends. Part of your day will involve answering employee inquiries and addressing any benefits-related concerns, which means strong communication skills are a must! You'll also prepare reports and documentation to keep things running smoothly. Plus, actively participating in employee education sessions will be a significant part of what you do here. We're after someone with a Bachelor’s degree in HR, Finance, or a related field and a couple of years of experience in benefits administration or HR roles. Proficiency in Microsoft Office Suite is important, and if you have knowledge of Workday or HRIS systems, that would be a bonus! At BlackRock, we also believe in rewarding our team with a competitive salary range of $82,000 - $110,000, plus discretionary bonuses and comprehensive benefits. If you’re ready to make an impact in the financial well-being of our employees and grow in your career, we want to hear from you!

Frequently Asked Questions (FAQs) for Associate, Financial Benefits Role at BlackRock
What are the primary responsibilities of an Associate in Financial Benefits at BlackRock?

As an Associate in Financial Benefits at BlackRock, your main responsibilities will include designing and administering various financial wellness benefits programs, collaborating with different departments like Legal and HR, and ensuring compliance with regulatory requirements. You'll also conduct industry research, address employee inquiries, and participate in drafting communication efforts related to benefits.

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What qualifications are needed for the Associate, Financial Benefits position at BlackRock?

To qualify for the Associate, Financial Benefits role at BlackRock, candidates should possess a Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field, along with 2-3 years of relevant experience in benefits administration. Strong analytical and communication skills, as well as proficiency in Microsoft Office, are also essential for success in this position.

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Does the Associate, Financial Benefits position at BlackRock offer opportunities for career growth?

Absolutely! The Associate, Financial Benefits position at BlackRock is an excellent entry point to further your career in HR and benefits administration. You'll engage with various departments, learn about compliance, and develop skills that are highly transferable, thus paving the way for advancement opportunities within the company.

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What type of benefits can Associates in Financial Benefits at BlackRock expect?

Associates in Financial Benefits at BlackRock can expect a comprehensive package that includes a competitive salary, annual discretionary bonuses, extensive healthcare options, tuition reimbursement, and a strong retirement plan. Additionally, employees benefit from Flexible Time Off (FTO) to help maintain a healthy work-life balance.

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How does BlackRock's hybrid work model affect the Associate, Financial Benefits role?

The hybrid work model at BlackRock allows for a blend of in-office collaboration and remote flexibility. While Associates in Financial Benefits are expected to work in the office at least 4 days a week, this model fosters teamwork and engagement, allowing for significant learning and growth opportunities. Employees also gain the flexibility to work from home one day a week.

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Common Interview Questions for Associate, Financial Benefits
Can you describe your experience with benefits administration as an Associate?

In your response, highlight specific benefits programs you've administered, focusing on tasks like enrollment processes, compliance, and employee engagement. Illustrating scenarios where you resolved issues or improved a process can demonstrate your ability and contribute to a stronger answer.

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How do you stay current with industry trends in financial benefits?

Share your strategies for keeping informed, such as following industry publications, attending webinars, or participating in professional networks. Highlight any specific examples of how you've applied this knowledge to improve benefits offerings in past roles.

Join Rise to see the full answer
What interests you about working in financial wellness benefits at BlackRock?

Your answer should reflect your passion for enhancing employee financial well-being while emphasizing your alignment with BlackRock’s mission. Talk about specific programs or initiatives at BlackRock that excite you and how you see yourself contributing to them.

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Describe a time you faced a challenge in benefits administration and how you handled it.

Choose a specific example that showcases your problem-solving skills. Describe the challenge, your thought process in addressing it, and the eventual outcome, emphasizing the skills that made you successful in that scenario.

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How would you approach communication about new benefits to employees?

A good response should cover your strategies for both clarity and engagement. Discuss how you would connect with different employee demographics and facilitate understanding, such as through informative sessions or easily accessible materials.

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What tools or software have you used in benefits administration?

Mention any relevant HRIS systems you've worked with, such as Workday, as well as your proficiency in Microsoft Office Suite. Provide examples of how these tools helped streamline administrative tasks in your previous roles.

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How do you ensure compliance with benefits regulations?

Explain your methods for staying aware of current regulations, such as engaging with compliance experts or attending training sessions, and how you apply this knowledge in your work. Use specific instances that illustrate your adherence to compliance standards.

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Can you give an example of how you collaborated with other departments in your previous roles?

Select an example that highlights your teamwork skills. Discuss how you worked with HR, Legal, or Finance teams to successfully implement or revise a benefits program, paying attention to how you fostered collaboration and communication.

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What do you think is the most important aspect of employee benefits?

Your response should reflect your understanding of employee needs and the overall impact of benefits on employee satisfaction and retention. Focus on aspects like accessibility, variety, and personalization of benefits in your answer.

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Why do you want to join BlackRock as an Associate in Financial Benefits?

This is your chance to express your enthusiasm for BlackRock's mission and culture. Highlight what attracts you to the company, such as its commitment to financial well-being and innovative benefits solutions, and how your personal values align with theirs.

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BlackRock’s mission is to create a better financial future for our clients. As we pursue this mission, our guide is our BlackRock culture and principles – that is, our shared understanding of who we are, what we stand for and how we will conduct o...

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DATE POSTED
April 3, 2025

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