Benefits and Deferred Compensation Analyst

4 weeks ago

Minneapolis, Minnesota, United States RBC Capital Markets, LLC Full time

Job Summary


Focus on retirement, deferred compensation, and benefit plan administration.

Work to resolve complex service issues. Working closely with internal partners, active and inactive employees and outsourced vendors. Additionally, this role provides specialized support and expertise with internal and external audits and accounting requirements.

Job Description


What is the opportunity?

Focus on retirement, deferred compensation, and benefit plan administration. Work to resolve complex service issues. Working closely with internal partners, active and inactive employees and outsourced vendors. Additionally, this role provides specialized support and expertise with internal and external audits and accounting requirements.

What will you do?

  • Provide day-to-day administration of the RBC U.S. Deferred Compensation Plans and serve as subject matter expert and contact for escalated issues or questions
  • Work with Fidelity to post all company contributions to participants' Deferred Compensation accounts, including annual company contributions and any special contributions
  • Determine eligibility for and prepare and deliver communications regarding the in-service re-deferral option for participants. Work with Fidelity to make the distribution election changes
  • Prepare Record 91 files and upload to Fidelity to keep participant distribution elections accurate and current
  • Communicate FICA withholding to participants. Work with payroll to have FICA taxes collected from participants' paychecks
  • Download and distribute monthly trial balance reports to each U.S. business line
  • Collaborate with Fidelity, U.S. payroll to process annual distributions
  • Work with various U.S. business lines and companies to determine annual and mid-year eligibility. Coordinate the online annual enrollment process and mid-year paper enrollment process
  • Partner with Payroll and Accounts Payable to process all distributions due to death or disability
  • Work with HR business partners, Legal and Compensation to prepare quarterly forfeiture file for review and approval, listing participants that are subject to either forfeiture or accelerated vesting on unvested company dollars in the deferred compensation due to termination of employment
  • Provide day-to-day administration of the RBC U.S.A. Retirement and Savings Plan (401(k)) and serve as subject matter expert and contact for escalated issues or questions
  • Perform several ad-hoc and scheduled audits
  • Partner with Talent Cycle to monitor rehire employees and international transfers to ensure eligibility and vesting dates are calculated accurately
  • Calculate annual match true-up to ensure maximum company contributions have been made to employee's accounts. Work with U.S. business lines and Fidelity to fund the contribution.
  • Prepare Return of Excess forms at Fidelity for new employees who exceeded the 402(g) limit
  • Provide backup support on administrative tasks related to active, LTD, retiree, fully insured benefit plans and other legacy plans
  • Partner with all RBC US companies and outsourced vendors in the delivery of required compliance documents, reporting and annual valuations for RBC's defined benefit retirement plan

What do you need to succeed?

  • Bachelor's Degree or equivalent work experience
  • 3-5+ years of experience in employee support functions
  • Experience utilizing Microsoft Excel for calculations and reporting

Nice to Have

  • Experience using Microsoft Access
  • Records reconciliation and balancing
  • Payroll tax experience

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Flexible work/life balance options
  • Opportunities to do challenging work
  • Opportunities to take on progressively greater accountabilities
  • Access to a variety of job opportunities across business

Job Skills

Benefit Programs, Critical Thinking, Group Problem Solving, Human Resources Policies, Interpersonal Relationship Management, Process Management, Program Management, Risk Analysis Management, Vendor Management

Additional Job Details

Address:


250 NICOLLET MALL:MINNEAPOLIS

City:


Minneapolis

Country:


United States of America

Work hours/week:


40

Employment Type:


Full time

Platform:


HUMAN RESOURCES

Job Type:


Regular

Pay Type:


Salaried

Posted Date:



Application Deadline:


Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.


Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at



RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.

  • Benefits and Deferred Compensation Analyst

    1 month ago

    Minneapolis, Minnesota, United States RBC Capital Markets, LLC Full time

    Job SummaryFocus on retirement, deferred compensation, and benefit plan administration. Work to resolve complex service issues. Working closely with internal partners, active and inactive employees and outsourced vendors. Additionally, this role provides specialized support and expertise with internal and external audits and accounting requirements.Job...

  • Compensation and Benefits Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Adolfson & Peterson Full time

    We build trust among our communities and our people by cultivating the right team for every job. We are committed to fostering a creative and collaborative culture with a focus on career growth and balance in the workplace.AP has diligently built a strong foundation of expertise, experience and exceptional results. We continually invest in our talented team...

  • Senior Compensation Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Threadneedle group Full time

    Ameriprise Financial has an exciting opportunity for a Senior Compensation Analyst role. This position would be responsible for partnering with the Director of Compensation Operations and the internal Compensation Consultants to provide support on the development, analysis, and administration of compensation strategies and programs. This will include...

  • Senior Compensation Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Ameriprise Financial Full time

    Ameriprise Financial has an exciting opportunity for a Senior Compensation Analyst role. This position would be responsible for partnering with the Director of Compensation Operations and the internal Compensation Consultants to provide support on the development, analysis, and administration of compensation strategies and programs. This will include...

  • Senior Workday Compensation Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Wells Fargo Full time

    Partnering with technology and business groups building and/or re-engineering Compensation technical and business processes and Workday business processes for greater efficiencies with significant impact to the business. Work closely with business pa Compensation Analyst, Business, Senior, Consultant, Compensation, Workday, Technology, Banking

  • Senior Compensation Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Schwan's Full time

    Job Description Schwan's Company, a U.S. affiliate of the global lifestyle company CJ CheilJedang Corporation, is a leading U.S. manufacturer and marketer of quality foods offered through retail-grocery and food-service channels. Its many popular brands include Red Baron , Tony's , Big Daddy's , Villa Prima TM and Freschetta pizza; Mrs. Smith's and...

  • Benefits Analyst- Leave of Absence

    2 weeks ago

    Minneapolis, Minnesota, United States Tennant Company Full time

    With more than $1B in revenue, Tennant Company is a globally recognized leader in the cleaning equipment industry. For the past 150 years, we have been passionate about developing and manufacturing innovative and sustainable solutions for our customers. At Tennant Company, we are committed to stewardship and creating a cleaner, safer and healthier world....

  • Competitive Compensation, Comprehensive Benefits

    2 weeks ago

    Minneapolis, Minnesota, United States The Curare Group Full time

    Gastroenterologist Position Available in Minnesota Join a well-established multi-specialty group 2-year guaranteed salary with signing bonus Opportunity for production incentive plan Comprehensive benefits package included Practice Details: Very limited call - 2-3 days weekly, no weekends Competitive compensation with benefits Sign-on and...

  • Benefits Analyst, Staff level

    2 weeks ago

    Minneapolis, Minnesota, United States Seagate Technology Full time

    Oversee US Disability & Leave programs coordinating with third-party administrator, ERISA counsel, Legal and HR as required Create and update various benefit policies and related program documentation Partner with the HR Call Center to train on new b Benefits, Analyst, Staff, Technology, Administrative, Program

  • Technical Data Analyst

    1 month ago

    Minneapolis, Minnesota, United States Center for Energy and Environment Full time

    We are seeking a driven person that is motivated by our mission to discover and deploy the most effective strategies that reduce energy and carbon emissions. This person will join our IT team but primarily work for CEE's Market Transformation Team. The Market Transformation Team is responsible for scoping, designing, and implementing a portfolio of emerging...

  • Technical Data Analyst

    4 weeks ago

    Minneapolis, Minnesota, United States Center for Energy and Environment Full time

    We are seeking a driven person that is motivated by our mission to discover and deploy the most effective strategies that reduce energy and carbon emissions. This person will join our IT team but primarily work for CEE's Market Transformation Team. The Market Transformation Team is responsible for scoping, designing, and implementing a portfolio of emerging...

  • Total Rewards Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Jostens Full time

    Total Rewards AnalystABOUT YOU:This role provides support for the organizations compensation, benefits, and HR systems, which may include administration of: merit programs, bonus programs, salary survey responses, job evaluations, retirement plans, Total Rewards, Analyst, Rewards, Compensation, Support, Communications, Manufacturing, Administrative

  • Business Systems Analyst II

    4 weeks ago

    Minneapolis, Minnesota, United States Center for Energy and Environment Full time

    CEE is seeking a detail-oriented problem solver to join our Business Systems Analyst team. As part of this team you will manage, build, , and advance internal facing Salesforce apps with a particular focus on our professional services automation tool. This position will be a Salesforce Administrator role supporting project managers and operations staff with...

  • Financial Systems Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States Hinshaw & Culbertson Full time

    FINANCIAL SYSTEMS ANALYSTLocation:Flexible and in any state where the firm has an office. Hinshaw & Culbertson LLP, a national law firm, currently has an excellent full-time employment opportunity for a Financial Systems Analyst. We offer competitive compensation and an excellent benefits package plus a 35 hour work week. Position Summary:As a highly...

  • Equity Analyst

    4 weeks ago

    Minneapolis, Minnesota, United States Allspring Global Investments Full time

    Elevate Your CareerWork where your ideas have impact COMPANYAllspring Global Investments is a leading independent asset management firm that offers a broad range of investment products and solutions designed to help meet clients' goals. At Allspring, our vision is to inspire a new era of investing that pursues both financial returns and positive outcomes....

  • Equity Analyst

    1 month ago

    Minneapolis, Minnesota, United States Allspring Global Investments Full time

    Elevate Your CareerWork where your ideas have impact COMPANYAllspring Global Investments is a leading independent asset management firm that offers a broad range of investment products and solutions designed to help meet clients' goals. At Allspring, our vision is to inspire a new era of investing that pursues both financial returns and positive outcomes....

  • Senior Global Payroll Analyst

    4 weeks ago

    Minneapolis, Minnesota, United States Perforce Full time

    Role: Senior Global Payroll Analyst Location: Minneapolis, MN Perforce Software powers innovation at an unrivaled scale. Our solutions drive quality, security, compliance, collaboration, and speed across the technology lifecycle. We bring deep domain and vertical expertise to every customer, so nothing stands in the way of success. Our global footprint spans...

  • Senior Global Payroll Analyst

    2 months ago

    Minneapolis, Minnesota, United States Perforce Full time

    Role: Senior Global Payroll Analyst Location: Minneapolis, MN Perforce Software powers innovation at an unrivaled scale. Our solutions drive quality, security, compliance, collaboration, and speed across the technology lifecycle. We bring deep domain and vertical expertise to every customer, so nothing stands in the way of success. Our global footprint spans...

  • Lead Business Analyst

    2 weeks ago

    Minneapolis, Minnesota, United States BCforward Full time

    Lead Business Analyst (Blackline)BCforward is currently seeking a highly motivated Lead Business Analyst (Blackline) in Minneapolis, MN / Hybrid Position Title: Lead Business Analyst (Blackline)Location: Minneapolis, MN / Hybrid Anticipated Start Date: 06/03 Please note this is the target date and is subject to change. BCforward will send official notice...

  • Research Analyst III

    1 month ago

    Minneapolis, Minnesota, United States Center for Energy and Environment Full time

    The Research Analyst III/Research Engineer I will be involved in a variety of research department projects and will be supervised by a research engineer. This position will primarily focus on data analysis and monitoring field installations. Responsibilities for this position may also include leading research projects, supporting proposal development, and...