Benefits Adminstration - Analyst Benefits Sr - Ret Plans
Analyst Benefits Sr – Retirement Plans
SUMMARY
The Senior Benefits Analyst is responsible for administering all retirement plans and related benefits. The Senior Benefits Analyst also provides back up support to the Senior Benefits Analyst – Health and Welfare and Disability applications.
This position requires excellent customer service skills with a desire to interact with employees daily. The ideal candidate will enjoy working closely with their teammates with the desire to provide the best service possible to the STP team.
EDUCATION
Associate degree in HR or related field. Without a degree, 5 years applicable experience and/or training/certification may be substituted. (Required)
Bachelor’s degree in business, human resources, or related field of study (Preferred)
EXPERIENCE
5 years’ experience in HR and/or benefits administration with an emphasis on retirement plans. Experience should also include accurate preparation of periodic reconciliations of financial transactions and accounts; strong understanding of laws and regulations regarding retirements plans, discrimination testing and funding requirements; the ability to actively engage with legal counsel, finance, 401(k) providers and actuaries; the ability to establish project plans, regularly monitor and track progress on work projects, and communicate with project partners; the ability to streamline processes, integrate, and associate pieces of information gathered from multiple sources and apply to projects. (Required)
Demonstrated experience with MS Office products, particularly Excel (Required)
Experience with investment analysis and financial concepts as applied to retirement plans. (Required)
LICENSE/CERTIFICATIONS
SPHR/PHR and/or CEBS Certification (Preferred)
ESSENTIAL FUNCTIONS
Ensures the accuracy of all benefits enrollments and eligibility in the HRIS to provide vendors with accurate eligibility information.
Assists with new-hire orientations.
Performs quality checks of benefits-related data enrollments, contributions and eligibility.
Assists employees regarding retirement issues, retirement planning, and plan changes.
Prepares and distributes all retirement plan information and legally required notices.
Ensures that all retirement plan census data is accurate and that timely preparation of data for vendors, actuaries and finance is prepared accurately and on a timely basis.
Performs duties as a subject matter expert in retirement plan management and administration and has in depth knowledge of laws and regulations required to maintain compliance with all retirement plans.
Understands retirement plan funding requirements and can engage with finance and actuaries to discuss funding requirements.
Assists in managing retiree health and welfare benefits ensuring accuracy of enrollments, contribution rates and financial reporting.
Responds to benefits inquiries from managers and employees on plan provisions, enrollments, status changes and other general inquiries.
Assists with the open enrollment process including communications, group meetings and one-to-one discussions with managers and employees.
Provides necessary reports for allocation/billing charges. Ensures reports and prepared accurately and on time.
Works closely with finance, external vendors and actuaries and auditors to provide information and data to support accurate and timely reporting.
Gather, organize and present information to plan fiduciaries
Support annual financial and tax reporting, prepare for plan audits and calculate retirement plan contributions
Oversight of the annual audit, ADP/ACP testing and 5500 filing process.
Facilitate resolution for retirement plan related customer service issues and administrative errors.
Conduct periodic audits to ensure accurate data contained in HRIS and vendor systems.
Organization of periodic Benefits Trust Committee (BTC) meetings.
Other duties as assigned by Supervisor and/or HR Manager/Director
OTHER RESPONSIBILITIES
Accept ERO position as needed.
Accept outage position as needed.
SPECIAL SKILLS, KNOWLEDGE AND QUALIFICATIONS
Ability to obtain and maintain unescorted access.
Ability to communicate effectively with all levels of employees across the station, quickly builds rapport and adapts messages to target awareness. Ability to handle and exercise judgment when handling confidential and sensitive information.
Ability to comprehend, and interpret laws, regulations, policies and procedures. Understands company goals and objectives and is sensitive to emerging issues which may impact the company. Ability to provide advisory assistance to all levels of management.
Ability to maintain professionalism under pressure. Ability to effectively handle multiple assignments at the same time. Ability to analyze difficult problems, present effective alternative solutions and anticipate future consequences.
WORKING CONDITIONS
Overtime and alternate work schedules as needed.
Subject to callouts twenty-four hours per day seven days per week.
Normal office environment. Some field observation.
Some work is stressful, and involves working with people in strained situations.
Continuous viewing of computer monitor may be required.
TRAVEL REQUIREMENTS
Local and regional travel to attend meetings is required. Occasional overnight travel may be required for meetings and training.
ACCOUNTABILITY (FOCUSED CORE BEHAVIORS AND THE OZ PRINCIPLE):
Takes ownership and personal responsibility for meeting commitments; successfully accomplishes work objectives and delivers business results; sets high standards of performance for self and others; accepts responsibility for mistakes; complies with established control systems and rules; holds self and teammates accountable to adhere to STP’s Focused Core Behaviors (Safety, Training, Procedure Behaviors, Condition Reporting Process, Emergency Response); accepts and provides feedback (both constructive and appreciative). In addition, Leaders accept joint accountability not only for their own issues, actions and commitments, but also those of their department; own decisions made by others in their organization; acknowledge performance gaps and failures to meet individual and/or department commitments (e.g., no late or improperly closed corrective action assignments), and take action to resolve them. (SEE IT, OWN IT, SOLVE IT, DO IT)
(Lominger Competencies: 57. Standing Alone, 05. Business Acumen, 29. Integrity & Trust, 53. Drive for Results, 11. Composure, 02. Dealing with Ambiguity, 22. Ethics and Values, and 55. Self Knowledge)
Posting closes May 16, 2019