Retirement Benefits Analyst

Overview

To be part of our organization, every employee should understand and share in the YNHHS Vision, support our Mission, and live our Values. These values - integrity, patient-centered, respect, accountability, and compassion - must guide what we do, as individuals and professionals, every day.

Provides technical and analytical support and participates in the administration and communication of retirement benefit programs for Yale New Haven Health System; including qualified defined benefit, defined contribution and hybrid retirement plans sponsored by Yale New Haven Health System and affiliated organizations that have adopted the plans. Maintains and updates pension administration databases and reports, participates in all aspects of retirement income security program administration. Develops and maintains audits of complex employment patters in pension administration system and human resource information system (HRIS) pertaining to retirement benefit programs. Works collaboratively with actuaries, auditors, investment vendors and legal counsel to ensure regulatory compliance and accurate administration.

EEO/AA/Disability/Veteran

Responsibilities

• Assists and collaborates, as appropriate, in the planning, coordination, facilitation, administration and reporting of the annual retirement programs across all delivery networks.

• Provide continuous audit of internal controls to ensure the integrity of data and processes. Identify and resolve issues in an effort to reduce negative audit findings and the need for manual corrections.

• Responsible for the maintenance of the pension administration system by performing regular audits of the database to ensure accuracy and integrity of information. Oversees the generation of reports, system upgrades and data refinements as required. Works collaboratively with actuaries, information technology consultants and payroll staff in addressing system maintenance requirements.

• Responsible for coordination and auditing the data needed to perform annual non-discrimination testing, internal & external audits, complete annual Form 5500 and PBGC filings.

• Develops and maintains strong end-user skills related to Lawson Human Resources Information System (HRIS) as it pertains to retirement programs. Maintains audits to ensure the integrity of the data.

• Interacts on an ongoing basis with HRIS, Payroll and Information Technology to ensure the proper maintenance of employee data and information; develops and implements solutions to any problems which may arise.

• Develops and maintains current knowledge of, and serves as a resource in interpreting retirement related programs. Assists in the development and revision of procedures and communications regarding the retirement benefit program.

• Monitor complex employment patterns, such as employees that are participants in more than one plan or shared between 2 or more plans, rehired retirees, groups of employees that move from one delivery network to another and retain service credit due to common control group rules, in pension administration system and human resource information system (HRIS) pertaining to retirement benefit programs and works collaboratively with actuaries, auditors, investment vendors and legal to resolve issues.

• Responsible for administrative aspects, as assigned, for all Yale New Haven Health System retirement programs.

• Assists the Manager, Retirement Benefits & Financial Wellness in assuring compliance with ERISA and Federal rules related to retirement plan administration.

Qualifications

EDUCATION

• Position requires a Bachelor's Degree in Business, Human Resources or related field.

EXPERIENCE

• Five (5) to seven (7) years' experience in Human Resources and Benefits Administration.

SPECIAL SKILLS

• Strong interpersonal skills with ability to communicate effectively, both orally and in writing with all levels of organization and to function effectively in a team environment.
• Knowledge of department and organizational policies and procedures, and ability to develop strong knowledge of organizational structure and reporting relationships.
• Strong research, analytical, mathematical and critical thinking skills.
• Ability to plan, coordinate and administer complex administrative systems and processes.
• Ability to make administrative and procedural decisions and judgments regarding sensitive, confidential issues.
• Strong working knowledge of Microsoft Windows operating system, Advanced end-user skills in Microsoft Word, Excel, and PowerPoint; knowledge of Human Resource Information Systems with ability to learn specific HRIS applications.
• Ability to understand and interpret benefit plan documents and applicable IRS code and ERISA requirements.
• Excellent customer service skills.
• Demonstrated ability to function well in a team environment.
• Excellent organizational, multi-tasking and time-management skills.

PHYSICAL DEMAND

• Primarily sedentary work sitting within typical office setting without exposure to adverse environmental conditions.
• Requires occasional ability to lift, push and pull objects such as files and office supplies up to 30 pounds and /or continuously up to 10 pounds; and occasional moving about on foot to accomplish tasks, walking long distances or moving from one work site to another.
• Frequent use of telephones requiring ability to hear and speak to clearly convey detailed or important information; and continuous use of computer and other office equipment requiring fingering and strong keyboarding skills.

YNHHS Requisition ID

187026