Benefits Specialist
Listed on 2026-01-20
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HR/Recruitment
Talent Manager, Regulatory Compliance Specialist -
Business
Regulatory Compliance Specialist
Job Summary
The Staff, Benefits Specialist is responsible for the strategic evaluation, development, and management of comprehensive employee benefits programs. This role ensures Murphy Oil maintains a competitive edge in the marketplace while effectively managing program costs. The position requires deep expertise in health and welfare benefits, as well as the ability to lead special projects and audits (401(k), pension, and compliance.) The Staff, Benefits Specialist will collaborate with leadership, vendors, and cross‑functional teams to design, implement, and communicate benefits strategies that align with company values and regulatory requirements.
The Staff, Benefits Specialist will be located in our Houston Corporate office and may work up to two (2) days a week remotely, as business needs allow.
Responsibilities Health & Welfare Program Management- Oversee the design, administration, and continuous improvement of health, dental, vision, life, disability, and flexible spending account and plans.
- Partner with vendors, brokers, and third‑party administrators to ensure programs are competitive, cost‑effective, and compliant with all applicable regulations (ACA, ERISA, HIPAA, COBRA).
- Lead open enrollment processes, including setup, execution, and employee communications.
- Maintain HR systems for accurate eligibility, payroll deductions, and benefits data integrity.
- Respond to employee inquiries and provide clear, effective communication and education on benefits offerings.
- Manage 401(k) plan operations, including contribution and loan reconciliations, and maintain SERP (Supplemental Executive Retirement Plan) accounts.
- Oversee pension plan administration and support the development of retirement‑related policies and programs.
- Lead and participate in special projects related to benefits strategy, plan design, and process improvements.
- Analyze benefits data and trends to assess business risks and recommend strategic solutions.
- Ensure all benefit plans comply with federal and state regulations, supporting audits, nondiscrimination testing, and required filings (e.g., Form 5500).
- Prepare HRIS reports for governmental and audit requests, and conduct self‑audits to streamline and automate processes.
- Collaborate with vendors and auditors to maintain plan integrity and compliance.
- Develop and deliver benefits education materials, training sessions, and policy manuals to increase employee understanding and engagement.
- Provide timely, professional responses to employee inquiries via multiple channels.
- Promote the development of benefits talent by coaching, mentoring, and supporting HR staff.
- Monitor competitive trends, regulatory changes, and emerging best practices in employee benefits.
- Participate in benefits surveys, meetings, and training to maintain expertise and ensure alignment with industry standards.
- Collaborate with leadership and cross‑functional teams on the design and implementation of benefits strategy initiatives.
- Bachelor's degree in Human Resources, Business Administration, or a related field required
- Minimum of 10 years' experience in employee benefits administration or other associated business roles
- Strong understanding of employee benefit programs and applicable laws and regulations
- Demonstrated ability to analyze data, identify trends, and recommend strategic improvements
- Proficiency in HRIS systems, benefits platforms, and Microsoft Office Suite
The individual is required to follow all applicable safety precautions. Work is performed almost entirely in a controlled (i.e., inside) environment and does not typically subject the incumbent to any hazardous/extreme elements; some positions may require regularly moving or transporting items weighing up to 25 lbs. around the office for various needs. The successful candidate must be able to complete all essential physical requirements of the job with or without reasonable accommodation.
PurposeWe believe in providing energy that empowers people.
MissionWe challenge the norm, tap into our strong legacy and use our foresight and financial…
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