Analyst, Total Rewards - Retirement

Trinity Health

1mo ago

Job
Full-time
Mid Level
People, HR & Administration
Accounting & Tax
Davenport

AI generated summary

You need a Bachelor’s in HR or related field, up to 3 years of retirement plan experience, strong Excel skills, attention to detail, and excellent communication and interpersonal abilities.
You will support Total Rewards Retirement by analyzing data, maintaining databases, resolving discrepancies, assisting with communications, and participating in projects under supervision.

Requirements

Must possess a comprehensive knowledge of Human Resources, as normally obtained through a Bachelors degree in Human Resources, Business Administration or a related field, or an equivalent combination of education and / or experience, including experience in retirement plan administration.
Must possess a knowledge of retirement plans’ operations and administration (particularly as it relates to defined contribution plans).
Up to three (3) years of related experience.
Knowledge and experience with retirement plan administration, IRS Form 5500 completion and filing, and familiarity with human resources practices, laws and regulations, and IRS regulations preferred.
Analytical and problem-solving skills in order to handle assigned duties.
Written and verbal communication skills in order to gather and exchange information with internal and external customers.
Detail-oriented with organizational skill and ability to manage and complete work in an efficient and accurate manner.
Proficiency in software programs including Microsoft Office.
Strong Excel skills in order to develop and maintain spreadsheets and perform data analysis.
Familiarity with Workday preferred.
Must be discrete and maintain the highest confidentiality with extremely sensitive data.
Strong interpersonal, consultative and relationship building skills in order to initiate and develop productive working partnerships with management and staff.
Proven customer-service orientation.
Ability to know and understand customer requirements and exercise judgment in meeting reasonable expectations.
Ability to support a change management and process improvement work environment.
Flexibility with the ability to handle and prioritize competing and multiple tasks/projects in a timely and organized manner.
Must be comfortable operating in a collaborative, shared leadership environment.
Must possess a personal presence that is characterized by a sense of honesty, integrity, and caring with the ability to inspire and motivate others to promote the philosophy, mission, vision, goals, and values of Trinity Health.

Responsibilities

Responsible for supporting Total Rewards Retirement, its leaders, consultants, senior analysts, and the HR Shared Services (HRSS) in the development and delivery of programs and services intended to meet the needs of the system.
Provides analytical support to functional area programs and drafts related communications; performs administrative tasks under supervision; participates in system or HR sponsored projects and initiatives; performing reporting activities of business operational services; and assists with the completion and delivery of portions of large scale and high impact projects.
Work activities include analyzing and interpreting plan participant and statistical data under supervision; utilizing and maintaining appropriate retirement plan documents, tools, systems and databases; and responding to multiple, varied and technically detailed assignments.
Responsibilities require the application of a basic knowledge of retirement benefit methods, practices and techniques, primarily for defined contribution plans such as 403(b), 401(k), 457(b) and nonqualified deferred compensation plans.
Knows, understands, incorporates, and demonstrates the Trinity Health Mission, Vision, and Values in behaviors, practices, and decisions.
Participates in the development, delivery and administration of Total Rewards Retirement plans, programs, policies, procedures and associated communication materials.
Provides input into operational business processes and procedures.
Under guidance and supervision, compiles, analyzes and interprets plan participant management reports and vendor-provided data; identifies typical and atypical patterns/situations; investigates resolutions and provides summary report to leaders for decision-making purposes and in support of planning activities.
Updates and maintains retirement plan related systems and databases.
Responsible for timely processing of demographic data updates submitted to the plans’ vendors and ensures that the necessary participant data is exchanged between Trinity Health and plan providers to support the administration of the plans.
Performs assigned and associated tasks for the timely exchange and processing of contribution remittances and funding.
Researches and resolves data discrepancies or errors upon consultation and under the direction of manager.
Resolves data issues or questions in coordination with the various payroll contacts and plan vendors.
Identifies and implements assigned process updates to enhance operations in collaboration with the respective teams.
Interfaces and works with other retirement team members, service providers and benefits legal team to coordinate efforts to maintain updated plan documents (i.e., Summary Plan Descriptions and Plan Highlights).
Performs supporting work assigned by functional or system leaders or senior analysts and Consultants, which are often portions of larger projects or deliverables.
Participates in organization-wide or HR sponsored special projects or initiatives, as assigned.
Performs administrative processing activities, requiring problem-solving abilities not supported by the HRSS.
Serves as a technical resource in responding to varied defined contribution plan inquiries initiated from colleagues, health ministries, and service providers.
Researches and compiles supporting information to assist with responses to escalated inquiries from the HRSS, colleagues, and others.
Under guidance provides interpretation of and applies retirement plan practices and guidelines; provides problem resolution as needed and under direction, ensuring escalation to manager as defined.
Provides support in the delivery of colleague and student orientation sessions from a Total Rewards perspective.
Assists in producing and analyzing business operations and reporting for Total Rewards programs.
Performs other duties as needed and assigned by the Manager.
Maintains a working knowledge of applicable Federal, State and local laws/regulations; the Trinity Health Integrity and Compliance Program and Code of Conduct; as well as other policies and procedures in order to ensure adherence in a manner that reflects honest, ethical and professional behavior.

FAQs

What is the employment type for this position?

The employment type for this position is full time.

What are the primary responsibilities of the Analyst, Total Rewards - Retirement?

The primary responsibilities include supporting Total Rewards Retirement programs, analyzing plan participant data, maintaining retirement plan documents, processing demographic data updates, resolving data discrepancies, and participating in special projects.

What qualifications are required for this position?

A Bachelor's degree in Human Resources, Business Administration, or a related field, or equivalent experience is required. Additionally, up to three years of related experience, particularly in retirement plan administration, is preferred.

What skills are important for this role?

Important skills include analytical and problem-solving abilities, written and verbal communication, attention to detail, proficiency in Microsoft Office (especially Excel), strong interpersonal skills, and the ability to maintain confidentiality.

Is experience with specific retirement plans preferred?

Yes, knowledge and experience with defined contribution plans such as 403(b), 401(k), 457(b), and nonqualified deferred compensation plans are preferred.

What is the pay range for this position?

The pay range for this position is $65,013 to $97,519.

How does Trinity Health approach diversity and inclusion?

Trinity Health integrates diversity, equity, and inclusion into all aspects of its operations and is committed to providing equitable care through a diverse and inclusive workforce.

Will the selected candidate have opportunities for professional development?

Yes, the position offers opportunities to participate in system or HR-sponsored projects and initiatives, which can enhance professional development.

What kind of work environment can the analyst expect?

The analyst can expect to operate in a collaborative, shared leadership environment that supports change management and process improvement.

Are there any specific software proficiencies needed for this role?

Yes, proficiency in Microsoft Office is required, with a strong emphasis on Excel for data analysis. Familiarity with Workday is also preferred.

Trinity Health

We are one of the largest not-for-profit, faith-based health care systems in the nation.

Science & Healthcare

Industry

10,001+

Employees

Mission & Purpose

Trinity Health is one of the largest not-for-profit, Catholic health care systems in the nation. It is a family of 123,000 colleagues and nearly 27,000 physicians and clinicians caring for diverse communities across 26 states. Nationally recognized for care and experience, the Trinity Health system includes 88 hospitals, 135 continuing care locations, the second largest PACE program in the country, 136 urgent care locations and many other health and well-being services. Based in Livonia, Michigan, its annual operating revenue is $21.5 billion with $1.4 billion returned to its communities in the form of charity care and other community benefit programs.