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Sr. Compensation - Omaha, United States - WoodmenLife
Description
WoodmenLife Home Office, 1700 Farnam Street, Omaha, Nebraska, United States of AmericaReq #250
WoodmenLife is looking for a Sr. Compensation & Benefits Analyst to join our team
We are currently searching for a Sr. Compensation & Benefits Analyst to join our team.
The Sr.
Compensation & Benefits Analyst p lans and completes benefits audits to ensure compliance by partnering with vendors and benefits staff.
They will interact with leadership to gather information, resolve audit-related matters, and make recommendations for operational and internal control improvementsWoodmenLife is one of the best places to work in Omaha and has been in business for 130 years. As a member of the WoodmenLife family, you're joining others who share your commitment to family, community and country. Through WoodmenLife, you'll have opportunities to connect with others, give back locally, and honor those who make an impact.
As a not-for-profit life insurance company, we've been helping to protect the financial future of families, making a difference in hometowns across America since 1890.
We are passionate about our members, servicing others, being open minded, providing an environment of inclusion and collaborative spirit. We also provide world class benefits to our associates. Is this the type of company you could work for?This is a hybrid position.
We are looking for someone to:
Serves as the primary contact for benefit regulatory matters, including reporting and evaluation. Evaluates current and proposed benefit plan design for regulatory compliance.
Manages plan vendor tool to calculate pension valuation estimates, calculations, and illustrations.
Provides key plan metrics to customers, using multiple tools and visualization techniques, providing reports, scorecards, and dashboards to effectively communicate insights and improve human capital decision making.
Leads and administers process audits examining results to report if activities, resources and behaviors are being managed efficiently and effectively.
Evaluates and revises internal processes to reduce costs and increase efficiency.Leads and administers pension plan including
compliance testing, plan document preparation and maintenance, completion of IRS, DOL and government filings, conversions, trust reconciliation, valuation determinations, distributions processing, and conversion of plans to different platforms.
Resolves escalated concerns from plan participants in a timely manner by thoroughly researching and investigating issues.
Serves as the compliance lead for the team by partnering with outside Vendors, Broker and inside Counsel to ensure all benefit plan documents and processes are current and remain compliant with regulations.
Maintains compliance checklist for all documents and processes for audit purposes. Advises management on needed actions.Monitors regulations and maintains regulation and compliance calendar.
Develops and communicates all required notices in a timely manner. Anticipates need for all required communications for associates and retirees. Creates and determines most effective distribution of communications to ensure communication is clear and understood by plan participants.
Compliance communication items include but are not limited to the Summary Annual Report (SAR's), Medicare Part D notices, CPI increases, Pension statements, Auto Increase for 401k, Non-Qualified Defined Contribution and Non-Qualified Supplemental notifications, etc.
Calculates and prepares reports for the Summary Annual Report (SAR's), Medicare Part D notices, CPI increases, Pension statements, Auto Increase for 401k, Non-Qualified Defined Contribution and Non-Qualified Supplemental notifications, etc.
Transfers benefit plan data to external contacts for services and plan administration.We need someone who has:
Minimum Qualifications:
Bachelor's degree in Human Resources or a related field or equivalent experience.
Five or more years of experience working with health and welfare plans to include experience with third-party administrators and vendors.
Demonstrated knowledge and experience working with pertinent federal and state regulations, filing and compliance requirements both adopted and pending affecting company benefit programs, including but not limited to ERISA, PPACA, COBRA, FMLA, ADA, ACA, Section 125, Medicare, Social Security and DOL requirements.
Strong analytical skills, technical, and auditing skills.
Demonstrated presentation, written and verbal communication skills.
Strong negotiation and influencing skills; ability to think and respond clearly, quickly and respectfully to both internal and external customers.
Working knowledge of defined benefit and defined contribution plans.Ability to interpret benefit contract language.
Ability to maintain highly confidential and sensitive information.
Desired Qualifications
CPB and/or CEBS certifications.
Corporate audit experience.
Working knowledge of Dayforce, Lotus Notes, Lawson, HRIS system.
As part of WoodmenLife's employment process, candidates will be required to complete a criminal background check, credit check (where required for position), Fingerprint check (where required for position), drug screen and reference checks.
Any offer of employment will be contingent upon successfully passing the above.WoodmenLife is committed to excellence in diversity by creating an inclusive work environment that values and respects all individuals. We welcome and embrace associates, regardless of background and beliefs. WoodmenLife respects every associate's unique perspective and contribution. We are committed to creating an inclusive environment that values differences, and creates opportunities for growth, leadership and service. This commitment includes providing equal opportunity in recruitment, employment and promotion, training and community outreach. WoodmenLife is also dedicated to strengthening the communities in which its employees live.
APPLICANTS WITH DISABILITIES SHOULD ADVISE THE HUMAN RESOURCES DEPARTMENT AT THE TIME OF APPLICATION IF SPECIAL ACCOMMODATIONS ARE NEEDED.
Woodmen of the World Life Insurance Society (WoodmenLife) is an equal opportunity employer.
WoodmenLife Home Office, 1700 Farnam Street, Omaha, Nebraska, United States of America
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