Pension Analyst- Human Resources
4 weeks ago
Our team members are the heart of what makes us better.
At Hackensack Meridian Health we help our patients live better, healthier lives - and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It's also about how we support one another and how we show up for our community.
Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.
The Pension Analyst is responsible for the coordination of all pension determinations, audits, and reporting obligations as well as administering the day-to-day administration of the Defined Benefit pension plan and Defined Contribution plan activity. This role is responsible to communicate, partner, and collaborate with all Hackensack Meridian Health's team members and vendors.
Responsibilities
A day in the life of a Pension Analyst at Hackensack Meridian Health includes:
- Works closely with actuary and record-keepers in reconciling data related to changes in employment status, breaks in service, and name changes.
- Conducts retirement counseling with prospective retirees and terminated vested employees eligible for pension benefits.
- Reviews changes in federal legislation to ensure that HMH is in compliance; work closely with actuary, record-keeper, and pension carriers to establish procedures which will ensure compliance.
- Resolves discrepancies between defined contribution vendor and PeopleSoft regarding eligibility and vesting status. Performs refunds and other adjustments as necessary.
- Notifies pension carriers when to initiate, end, or modify pension benefit payments; initiate Joint and Survivorship death benefits. Resolves any problems related to the payment of benefits.
- Acts as point-person for pension and savings plans cases escalated by Team Member Support Center. Conducts research and analysis, and provides timely responses in accordance with established department guidelines.
- Participates with audits from regulatory agencies. Coordinates and ensures federal filings to the PBGC, Form 5500, and Summary Annual Report are completed in a timely and accurate manner.
- Other duties and/or projects as assigned.
- Adheres to HMH Organizational competencies and standards of behavior.
Education, Knowledge, Skills and Abilities Required:
- Bachelor's degree or equivalent.
- Minimum of 5 or more years defined benefit and defined contribution pension experience.
- Demonstrated analytical thinking and problem solving skills.
- Proficiency in federal filings for PBGC, Form 5500, and Summary Annual Report and Annual Funding Notice.
- Excellent written and verbal communication skills.
- Proficient computer skills that may include but are not limited to Microsoft Office and/or Google Suite platforms.
- Prior healthcare experience.
- CEBS certification in pension administration.
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