We are seeking an experienced and detail-oriented Retirement Analyst to join our team. The ideal teammate has a strong financial background with proven experience analyzing and interpreting large datasets to join our team. This role involves providing in-depth financial analysis, optimizing retirement plan audits, and ensuring compliance with relevant regulations.
Essential Duties
- Audit weekly payroll 401k deferral files against contribution files sent to the third-party administrator
- Audit Pension census data
- Resolve participant inquiries from 401k and Pension third party administrators
- Analyze retirement plan spend for financial forecasts
External Partner Management:
- Oversee Pension, 401k and Deferred Compensation third party administrators.
- Coordinate the quarterly Pension and Investment Committee Meetings.
Reporting & Documentation:
- Review distribution reports and funding data to ensure accuracy and compliance.
- Review all Payroll deferrals and distributions for accuracy and timely funding to the appropriate plans.
Retirement Projections & Forecasting:
- Utilize actuarial tools and modeling to develop and analyze retirement projections, forecasts, and funding strategies.
- Leverage external actuarial and administrator partners to assess plan health and advise on strategies to optimize funding and sustainability.
Plan Administration:
- Support the administration of the retirement plans including plan changes.
- Leverage the administrative support of the HR Operations Shared Service team to optimize the employee experience including participant communications, training, and integration with payroll and other systems.
Risk Management & Issue Resolution:
- Identify potential risks and issues related to plan administration. Proactively resolve issues, escalating when necessary, and providing recommendations to mitigate future risks.
Employee Education & Communication:
- Advise on content for employee workshops, presentations, and one-on-one consultations to educate plan participants on retirement benefits, investment options, and plan changes.
Qualifications Required
- Bachelor’s Degree in Finance, Accounting, Actuarial Science, Business, or related field. Required 5+ years of experience in retirement plan administration, pension consulting, or a related field. Ability to analyze complex data, identify trends, and provide actionable recommendations. Strong attention to detail and ability to manage multiple projects simultaneously
- Proficiency in retirement plan software, spreadsheets (Excel/Google Sheets), and actuarial modeling tools.
- Strong understanding of defined benefit and defined contribution plans.
- Knowledge of funding strategies and retirement plan regulations.
- Excellent verbal and written communication skills. Ability to present complex retirement concepts to clients and internal teams clearly and effectivelyIn-depth knowledge of retirement-related laws and regulations, including ERISA, IRS, DOL, and PBGC rules.
Qualifications Preferred
- Certifications: Enrolled Actuary (EA), Certified Pension Consultant (CPC), or similar certifications preferred.
- Strong interpersonal skills and ability to work collaboratively in a team-oriented environment.
- Ability to manage client expectations and navigate sensitive or complex issues.
- Experience working with pension and retirement plan stakeholders (e.g., actuaries, plan sponsors, trustees, legal advisors).
- Ability to adapt to changing regulations and organizational needs.
- Proven track record of driving improvements and efficiencies in retirement plan management.
Nyree Anderson