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Human Resources Specialist Retirement Benefit Administration
Company | PSEG |
Address | Newark, NJ, United States |
Employment type | FULL_TIME |
Salary | |
Category | Accounting |
Expires | 2023-08-20 |
Posted at | 9 months ago |
Requisition : 73798
- Leads on behalf of the Benefits Department, annual Form 5500 audits and filings, Nondiscrimination testing, PBGC filings, Annual Funding Notice, Summary Annual Report, and annual fee disclosure distribution
- Conducts research on employee benefit appeals, develop presentations, and present to Employee Benefits Committee. Research and develop presentations related to regulatory and/or plan changes
- Develop participant communications (i.e., Summary Materials Modifications etc.) regarding regulatory and/or plan changes
- Directs all aspects of the day-to-day administration of the company's Defined Benefit, Defined Contribution and VEBA Plans, including oversight of outsourced vendors to resolve escalated issues, implement plan changes and improvements, and monitor service levels. Identifies, analyzes, and implements process improvements. Performs weekly reconciliations of HRIS and vendor data to ensure data integrity, and partners with the applicable internal or external stakeholders to resolve any discrepancies
- Reviews and update Summary Plan Descriptions in accordance with plan changes, and administrative requirements. This also includes ongoing review of plan documentation and requirements for outsourcing vendors to ensure consistency with plan provisions and regulatory requirements
- Communicates with employees, retirees, internal colleagues (i.e., HR, Payroll, Labor Relations etc.), and union leaders to resolve escalated issues, and provide benefit education. Point of contact for workflow items that need immediate resolution within a specific timeframe. Serve as liaison between internal and external customer service centers
- Lead the weekly/biweekly weekly vendor calls to ensure that all items related to ongoing issues, implementation, and process changes are being addressed within identified timelines
- Self-motivated individual that ensures final work products are of high quality and provided in a timely fashion
- Demonstrate strong organizational skills and the ability to work in both a team environment and individually
- CEBS or CBP preferred
- 3-5 years of Defined Benefit and/or Defined Contribution Experience
- Intermediate Microsoft Word and PowerPoint skills
- Strong analytical skills and superior attention to detail
- Strong Understanding of ERISA, PPA, SOX regulations and social security, as related to pension and 401(k) plans
- Strong interpersonal skills, including written and oral communication skills
- Ability to work cross-functionally, partnering with other departments and lines of business (e.g., IT, Payroll, Legal, Finance etc.)
- Ability to present to all levels in the organization
- Knowledge of Defined Benefit and/or Defined Contribution Plans, programs, policies and procedures.
- Ability to interpret plan provisions from plan documents, summaries of plan provisions or other related plan materials
- Experience working with Collective Bargaining Units
- Ability to balance and prioritize multiple projects at one time
- Experience in data management and reconciliations
- Bachelor's Degree Required or 7 years related professional experience in lieu of a degree.
- Health & Welfare experience a plus
- Ability to understand detailed pension benefit calculations
- Advanced system skills/knowledge in Excel
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