Retirement Benefit Analyst

What's the job?

The Retirement Benefit Analyst will be responsible for the funding processes across North American qualified and non-qualified retirement plans, retirement plan audits and reconciliations, and data management for the Defined Benefit and Defined Contribution plans with third party vendors. Will provide support to the retirement benefits administration team on projects and acquisitions/divestitures as appropriate.

The Analyst is responsible for understanding plan documents, plan administration policies, ERISA, and complex governmental regulations for U.S. and Canadian, qualified and non-qualified retirement plans. Incumbents should have strong executive functioning skills, including scheduling and meeting competing deadlines successfully. Must be detail oriented and organized as responsibilities will include multiple plans in the US and Canada. Independent thinking is required for determining corrective actions for errors as well as researching and resolving participant issues. This position will routinely interact with third party administrators, plan administrators, attorneys, and accountants so incumbents must have the ability to communicate complex subject matter in a logical, understandable fashion - both in verbal and written form. Successful candidates will be familiar with the regulatory environment and internal control reference framework.

Responsibilities include:

- Managing the funding process from the payroll system to vendors for the US 401(k) and Canadian RRSP/DPSP retirement plans, analyzing and reconciling the payroll data to assure a timely and accurate wire to our recordkeepers, review and resolve all funding issues
- Managing the administration of the nonqualified deferred compensation plan, collaborate with Benefits/Compensation team and IT on annual enrollment including reviewing/updating plan enrollment documents, testing, auditing and implementing enrollment elections, weekly funding reconciliation
- Manage weekly demographic data feeds to third party recordkeepers for both US and Canadian Defined Contribution and Defined Benefit plans, researching and resolving all indicative data errors, support inbound interface files with recordkeepers, audit data between TPA and HRIS systems
- Responsible for reviewing 401(k) loan delinquency reports, analyzing loan data, and administration of 401(k) plan loans to conform to plan provisions and IRS & DOL regulations
- Monitor employee benefit level changes as a result of employee hire, rehire, transfer, or termination
- Support Retirement Team with special projects such as amalgamations, acquisitions, divestitures, labor renegotiations, and vendor changes in both US and Canada