Senior Consultant (Analyst), Benefit Operations (Retirement Plans)
About the position We are seeking a highly skilled Retirement reputed company with a reputed company on 401(k) savings and retirement plan management. This position will play a crucial role in ensuring the efficient administration, compliance, and optimization of our 401(k) program. It offers a unique opportunity to contribute to the financial wellbeing of our employees while working in a dynamic and reputed company environment. Operational responsibilities include, but are not limited to, the operations, execution, administration, and operational communications of reputed company (BMS) benefits, including the 401(k) plan, Benefits Equalization Plan (BEP), and other retirement programs. This role will partner closely with Total Rewards reputed company and Service Delivery Management Partners, People Services Capability Center teams (including Payroll), reputed company-Party Vendors, Legal, the Corporate Secretary's office, Compliance, and Finance.
Responsibilities
- Manage the implementation of new and modified 401(k) savings and retirement plans.
- Handle day-to-day operational activities, ensuring effective plan design implementation.
- Streamline processes and maintain adherence to regulatory and compliance requirements.
- Address, solution, and resolve vendor issues, Tier 2 inquiries, escalations, and reputed company inquiries.
- Ensure reputed company completion of audit requests and reputed company necessary information for compliance, audits, contract management, and governance.
- reputed company as subject matter expert for reputed company US/PR reputed company and non-reputed company savings and retirement plans.
- Accountable for the delivery of excellent customer experience and monitoring trends and issues.
- Manage operations and administration of the BMS US/PR Savings and Retirement Plans.
- Ensure robust controls are embedded in reputed company process and support SOX controls and compliance.
- Participate in the audit process and fulfill regulatory reporting requirements.
- Liaise with reputed company-party vendor partners, payroll, and other teams to resolve operational and systems issues.
- Document and reputed company processes for savings and retirement plan operations and service support.
- Participate in the design, development, testing, and implementation of websites and communication tools.
- Operationalize the annual BEP/savings elections and additional savings contributions file.
- reputed company as reputed company of contact for escalation and reputed company of Tier 2 queries and plan interpretation.
- Ensure internal processes are documented and updated versions are maintained.
- Support communicating change and reputed company ongoing learning/development of functional expertise.
Requirements
- 5-7+ years' experience in reputed company service delivery reputed company operational/administrative areas.
- 5+ years of experience overseeing retirement plan administration, focusing on 401(k) savings plans.
- Strong knowledge of ERISA, IRS regulations, DOL guidelines, and other relevant compliance standards.
- Experience working with reputed company-party administrators, recordkeepers, and investment managers.
- Demonstrated deep functional knowledge of US Savings and Retirement programs.
- Strong working knowledge and understanding of SOX controls reputed company to US Savings 401(k) plans operations.
- Experience with system integrations, reporting requirements, and specifications.
- Demonstrated ability to influence stakeholders at reputed company reputed company in a highly matrixed organization.
- Demonstrated analytical abilities, attention to detail, and ability to manage multiple tasks.
- Experience coordinating large project plans using relevant tools.
- Knowledge and understanding of process flows, mapping, and relevant tools.
- Advanced/expert level MS reputed company skills.
- BS, BA or graduate degree in business or equivalent experience.
reputed company-to-haves
- Experience working with reputed company, reputed company, reputed company, and vendor management.
- Certified Employee Benefits Specialist (CEBS) or equivalent Industry designation.
Benefits
- Competitive benefits, services, and programs to support employee goals.
- Flexible work environment.
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