SENIOR BENEFITS ANALYST (JM)
Job Location: N/A
Will have the opportunity to contribute to a wide variety of activities including but not limited to the management of retirement benefit plans and programs. Using analytical, organization and communication skills, this position is responsible for providing subject matter expertise on administration, compliance, reporting, as well as employee communication and education for qualified and non-qualified retirement programs. The position will also conduct data analysis regarding various aspects of the plans, identify and develop process improvements, and implement programs accordingly. Should have the ability to multi-task assignments, projects and daily responsibilities with accuracy and high level of comfort working with all levels of employees. Should also possess strong analytical and both written & verbal communication skills. Retirement Duties-70%: Administration: Responsible for the day-to-day administration and operation of the retirement plans, including contribution/funding reconciliation, distributions, QDRO processing, benefit file coordination and maintenance; analyze, address and implement 401(k)/Pension plan design changes. Compliance: Monitor and ensure the legal compliance of the plans, by working with providers, internal and external legal counsel; manage the 401(k) and Pension Plan annual audit, 5500 process and compliance testing (Non-Discrimination); read, review and apply legislative changes affecting the retirement programs. Vendor Coordination: Coordinate the relationships between company, employee, trustee and vendor, as applicable, regarding the retirement plans; coordinate and assist vendor/trustee with payments for employees as part of retirement process and/or termination process. Plan Reporting: Collect, verify and provide retirement data to the fund’s actuary as needed for computation of benefits, funding requirements, valuations and applicable internal audits; collaborate with accounting and financial reporting to ensure they have all the information they need for appropriate measurement and reporting of plan assets, liabilities, and funding levels. Communications/Education: Prepare and/or supervise vendors for the draft and delivery of appropriate educational communications regarding the retirement plans, opportunities and eligibility criteria as needed for company 401(k), pension plans, and Executive retirement plans; prepare communications and materials necessary to address recommended changes and key issues to the Retirement Plan Committee; Health & Welfare Duties- 30%: Serve as back up to the Health & Welfare Senior Benefit Analysts; assist with department needs, such as Annual Enrollment, compliance testing, plan audits; assist with the development of policies and procedures; consult with employees regarding Health & Welfare Benefits-related issues, needs, and services; assist in counseling employees on Benefits programs, policies and processes; explain program provisions, procedures and eligibility requirements; troubleshoot discrepancies pertaining to the manner in which benefit
etirement plans are administered, etc.
Level Based Competencies are to be designated based on job level and content: Adaptability. Building Strategic Working Relationships; Technical/Professional Knowledge & Skills; Stress Tolerance; Decision Making; Communication. Technical knowledge/skills (entry, intermediate, advanced). Familiar with standard HR concepts, practices, and procedures. MS Office to include Word, Outlook, and Excel; Access and PowerPoint ideal. General knowledge/skills (entry, intermediate, advanced). Demonstrated analytical skills. Efficient time management skills. Ability to work on assignments as a team member. Strong organizational skills and attention to detail. Ability to effectively handle numerous tasks simultaneously within time constraints. Ability to handle sensitive and confidential information appropriately.
Bachelor’s degree in Human Resources, Business or related field. 7+ years of experience in human resources with a proven, comprehensive understanding of retirement benefits.
Please contact John Marconi at email@example.com
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