Retirement Analyst (Hybrid/Remote) – Somerset, NJ

Req #: 0000177774

Category: Professional / Management

Status: Full-Time

Shift: Day

Facility: RWJBarnabas Health Corporate Services

Department: Human Resources Benefits Mgt

Location:

RWJ – 379 Campus Dr. Somerset, 379 CAMPUS DRIVE, SOMERSET, NJ 08873

Job Overview:

Responsible for supporting RWJBarnabas Health s retirement programs. Ensures regulatory deadlines are met and guidelines are adhered to. The Retirement Analyst will work closely with Payroll, Finance, Audit, and retirement plan providers to ensure items, such as compliance, nondiscrimination testing, plan data, plan contributions and distributions are being handled correctly and timely.

Qualifications:

Required:

• Bachelor s degree in human resources or related field.
• Advanced MS Excel and Query skills. PeopleSoft experience a plus
• Willingness to gain retirement and benefits expertise through retirement certification course work and independent learning.
• Highly analytical mindset with general understanding of ERISA tax law, retirement administration, and compliance
• Strong aptitude and knowledge of Excel with overall ability to generate, modify, re-create workbooks (i.e., Pivot tables, v-look-up , formulas, reporting, graphing, etc.)
• Strong knowledge and extensive experience with retirement administration and analysis for following plan design, modification, and administration
• Ability to demonstrate judgement, qualitative, quantitative and analytical skills with the ability to highlight and/or summarize key data findings not just generate reports
• Align with overall Retirement Team objectives to partner on retirement administration and project work
• Call awareness to identified retirement process efficiencies, whenever possible
• Have a sense of urgency for work to be completed in a fast-paced environment with tight deadlines
• Ability to effectively communicate both written and verbal

Preferred:

• Minimum 2+ years benefits experience with a retirement focus
• Retirement Plan certification (CRP, CEBS, RPA, etc.) preferred

Essential Functions

• Supports RWJBH team members and other internal colleagues by assisting with escalated issues; develops solutions and recommends appropriate actions
• Participates on the annual plan audits and provides support for inquiries
• Performs monthly allocation reports for Finance
• Audits and supports quarterly calculation of the retirement plan s non elective contributions
• Reviews and processes monthly invoices for retirement plan providers
• Coordinates and reviews annual nondiscrimination testing
• Tracks annual company contributions, including projections for qualified and non-qualified retirement plans
• Supports inquiries with the defined benefit plan and analyzes data for accuracy.
• Reviews vendor SOC1 reporting and works with plan vendors and auditors as needed
• Collaborates with internal and external partners to ensure plan information on employee intranet is up to date.
• Serves as the primary respondent for internal inquires through the internal portal MSP
• Collaborates with internal partners (in accounting, treasury, audit, etc.) and plan providers to oversee compliance (internal and external) and identify and implement control updates and process improvements
• Coordinates with various recordkeepers for distribution requests
• Other projects and responsibilities may be added at the manager s discretion

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Additional Information:

At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees physical, emotional, social, and financial health.

• Paid Time Off (PTO)
• Medical and Prescription Drug Insurance
• Dental and Vision Insurance
• Retirement Plans
• Short & Long Term Disability
• Life & Accidental Death Insurance
• Tuition Reimbursement
• Health Care/Dependent Care Flexible Spending Accounts
• Wellness Programs
• Voluntary Benefits (e.g., Pet Insurance)
• Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered,

high-quality academic medicine in a compassionate and equitable manner, while delivering

a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer

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RWJBarnabas Health is an Equal Opportunity Employer

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