Contractor - OMBP

Monday Friday is required in the office in the beginning for training, then we will switch to a hybrid position.

OMBP Location: 300 Convent St. Suite 400, San Antonio, Texas 78205

Job description:

The HR Consultant will be responsible for daily administration, compliance and governance of the Germany and the United Kingdom pension programs under the Overseas Military Banking Program (OMBP), while also supporting additional human resources functions and initiatives. This role ensures accurate pension plan management, will answer pension/retirement related inquiries via email/phone calls, and partners with internal and external stakeholders and vendors to maintain compliance with regulatory requirements. The ideal candidate is detail-oriented, highly organized and knowledgeable in pension regulations, and financial reporting is a plus.

Responsibilities:

• Administer day-to-day operations of Germany pension plan, including defined benefit, defined contribution plans.
• Serve as the primary point of contact for the Germany Pension Plan. Answer pension inquiries from internal and external customers, eligibility, calculations and the retirement process.
• Coordinate with Navy Federal Credit Union (NFCU) pension team, and third-party administrators, actuaries, auditors and legal counsel to ensure accurate and compliant plan administration.
• Review and reconcile pension related data, payroll records, contribution files and actuarial reports.
• Monitor and ensure compliance with ERISA, IRS, DOL and other applicable regulations when needed.
• Support annual pension audits, census, AFN notifications, actuarial valuations, nondiscrimination testing and government filings (e.g. Form 5500).
• Maintain pension documentation, policies, communications and required disclosures.
• Identify opportunities to streamline processes, improve compliance and enhance employee understanding of pension benefits.
• Scan and digitize manual pension documents to establish and maintain an organized electronic filing system.
• Vendor Management and invoicing.
• Initiate, coordinate and finalize Contract Renewals with our vendor management team and outside vendors.
• Create and update procedures as needed.
• Cross training in other areas of Human Resources such as benefits, recruiting, etc.

Required skills:

• 3-5 + years of experience in pension administration and a background in Human Resources.
• High proficiency in Excel and HRIS systems.
• Excellent analytical, communication and problem-solving skills.
• Strong attention to detail and ability to handle sensitive data confidentiality.
• Experience with US retirement plans.

Desired skills:

• BBA in HR, Finance, Business Administration or related field.
• Strong knowledge of ERISA, IRS regulations, retirement plan compliance and related reporting requirements.
• Experience with international pension plans.
• Experience working with actuaries, auditors, and third-party administrators.
• Background in financial reporting or audit coordination.