Snap-on

Benefit Analyst

US-WI-Kenosha
Job ID
2017-6808

Overview

Researches, analyzes, leads and assists in the administration and communication of retirement plans and programs including defined benefit, defined contribution and non-qualified plans. Performs a variety of complicated tasks requiring advanced computer and software skills. May direct the work of others, including third-party administrators, vendors and interns.

Responsibilities

  • Oversee and ensure accurate submission of data to third party administrators; reconcile eligibility and other data between Snap-on systems and third party administrators
  • Identify and perform data audits and procedures to ensure accuracy, quality and plan compliance
  • Work with HR managers, participants and third party administrators on a daily basis to resolve participant issues, data questions and calculation questions quickly and accurately
  • Assist with annual valuation data verification
  • Work with Third Party Administrators to maintain executive deferred compensation and nonqualified pension plan benefits
  • Lead external and internal plan audits, required mailings and miscellaneous projects
  • Identify opportunities to streamline processes and implement efficiencies
  • Update and edit plan documents, summary plan descriptions and other benefits communication materials
  • Prepare government filings for assigned plans (5500s, 8955-SSA, PBGC premiums, etc.)
  • Calculate pension benefits
  • Conduct employee meetings
  • Assist with other benefit projects as necessary
  • Monitor and analyze trends in defined contribution and pension plans and opportunities to update plan design

Qualifications

  • Bachelor’s degree in Business, Finance or comparable
  • 3-5 years’ experience working with pension and 401(k) benefits in Corporate Benefits Department
  • Subject matter expertise in pension, 401(k) and non-qualified plans required
  • Exceptional technical skills with Microsoft applications such as Word, Excel (advanced formulas, V look-up, etc.) and PowerPoint
  • Very strong analytical skills and financial aptitude with ability to problem solve
  • Experience managing projects
  • Customer service mindset
  • Good verbal and written communication skills with the ability to communicate effectively at all levels of the organization
  • Can manage multiple projects simultaneously and meet critical deadlines
  • Excellent attention to detail
  • Continuous improvement mindset
  • Ability to maintain confidentiality
  • Experience working with a third party administrator in an outsourcing environment

 

Snap-on is an Equal Opportunity Employer, Minority/Female/Disabled/Veteran

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