Benefits Analyst III - Retirement
About the Job
Reynolds American Incorporated is positively transforming the tobacco industry. We’re a family of companies that strives for success in everything we do. The future inspires us because our people are igniting the breakthroughs that are redefining the ways adult tobacco consumers enjoy tobacco in the 21st century.
When other companies talk about growth, they only talk about size. At RAI, we focus on the growth of our people. We take pride in each other’s growth and well-being throughout our careers. We invest in your career and total well-being because we know our companies succeed when our people thrive.
At the RAI companies you’ll have the opportunity to work on iconic brands and revolutionary products by collaborating with visionary, principled and passionate people every day.
This position is within Reynolds American Services Company—a subsidiary that provides support services, including compliance, HR, law, finance, information management, and more to all of the subsidiaries of RAI.
The Benefits Analyst III - Retirement is responsible for managing multiple aspects of the retirement benefits plans and programs. Using analytical, organization and communication skills, this position is responsible for providing subject matter expertise on administration, compliance, vendor management, and reporting, as well as participant communication. The position will also conduct research and data analysis regarding various aspects of the retirement plans, identify and develop process improvements, and implement programs accordingly. The successful candidate will have the ability to multi-task assignments, projects and daily responsibilities with high level of comfort working with all levels of employees. In addition to the aforementioned, the analyst will be expected to provide assistance and analysis on special projects as needed.
Strong analytical and problem solving skills are essential for this role. The analyst must be able to apply judgment to assess and resolve sensitive issues as well as have the ability to react appropriately in a challenging and changing environment. Strong time management skills are required to manage multiple processes and implementation initiatives. The Benefits Analyst III - Retirement must also have the ability to interact professionally with employees at all levels of the organization as well as retirees. The role interacts through written and verbal communications with company employees, retirees, management, peers, and external organizations.
PRINCIPAL DUTIES AND RESPONSIBILITIES
- Responsible for day-to-day administration and operation of retirement plans.
- Responsible for the determination of retirement or other benefits for eligible employees or other eligible personnel.
- Research and resolve participant questions.
- Reviews and analyzes various records and other information to accurately determine retirement benefits, benefit estimates, service credit, vested benefits, withdrawals and rollovers, death benefits, refunds, overpayments and other related information.
- Reviews the work of vendors to ensure that the methods for calculating benefits reflect plan provisions.
- Maintains current and historical documentation on how benefits are determined and how transactions are processed.
- Answer general telephone calls and reply to correspondence from participants and retirees regarding retirement payments, death benefits, survivor benefits, beneficiary changes, and other related inquiries.
- Provides timely and accurate information in person, on the telephone or in writing to all plan participants.
- Processes new retiree applications, requests for benefit estimates and vested benefits and ensure that participant files contain the appropriate documentation in order to complete such calculations/estimates.
- Ensure plan compliance with plan document and ERISA and IRS regulations.
- Creates and maintains documentation of processes in area of responsibility in coordination with retirement operations team.
- Creates and delivers retirement benefits training for new hires.
- Monitors and reconciles retirement data between HRIS/payroll systems and retirement benefits vendors to ensure accuracy across all platforms.
- Effectively manages delegated projects.
Education: BS in business related field or equivalent relevant experience
- 2 - 4 years related work experience with preference in administration of retirement plans, finance, accounting, or information technology
- Proven ability to work independently and as a team member
- Ability to manage vendors and deal with difficult situations
- Ability to interact with employees and retirees questions and deal with difficult situations
- Demonstrated ability to understand broader picture
- A self-driven, positive, results-oriented performer who possesses a passion for results, and a clear focus on high quality
- Strong time management, problem solving, documentation, listening and organizational skills in a deadline driven environment
- Confidence to ask relevant questions and contribute with constructive suggestions.
- General understanding of ERISA Retirement Plans
- Demonstrated strong analytical and problem solving skills
- In-depth understanding and ability to conduct numerical analysis
- Demonstrated ability to learn new technologies and possess the technical aptitude required to understand flow of data through systems as well as system interaction
- Must be thorough and detail oriented
- Strong written and verbal communication skills
- Solid organizational skills with the ability to prioritize multiple deadlines and multi-task
- Must possess a high sense of urgency and work ethic
- Ability to keep sensitive human resources and benefits information highly confidential
- Proficient use of Microsoft Office Suite – Excel and Word. Advanced/intermediate skills in Excel preferred
- Competitive Annual Salary
- Targeted Annual Bonus
- Relocation assistance available for those who qualify.
Our company offers very competitive compensation and benefit plans, including:
- 401(k) plan that offers opportunity to save on pre- and post-tax basis up to 50 percent of eligible compensation. Company matches 100 percent of employee pre-tax/Roth (401k) contributions up to six percent
- Comprehensive health- and welfare-benefits package
- Eleven paid company holidays annually, plus a generous paid vacation plan based on length of service
- Company-paid sick and personal days, funeral leave and jury duty leave
- Confidential personal financial counseling service
- On-site health clinics and fitness centers
- A matching grants program that enables employees to direct and double their donations to qualifying charitable organizations of their choice
- Health-care advocacy service
- Volunteer service opportunities
- Federal credit union membership through Allegacy Federal Credit Union
- Extensive training opportunities
ABOUT OUR ORGANIZATION:
Reynolds American Inc. is an indirect, wholly owned subsidiary of British American Tobacco p.l.c., and the U.S. parent company of R. J. Reynolds Tobacco Company; Santa Fe Natural Tobacco Company, Inc.; American Snuff Company, LLC; Niconovum USA, Inc.; Niconovum AB; R. J. Reynolds Vapor Company; Lorillard Licensing Company, LLC; and Reynolds Brands, Inc..
Reynolds American Inc. and its affiliated companies is an Equal Opportunity / Affirmative Action Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.
Our organization offers a level of challenge, responsibility and creativity for motivated employees that stands apart from the crowd.
We are also committed to employing a diverse workforce and valuing different perspectives, experiences and talents to maximize the company's potential for successfully achieving its business objectives.
Only applicants requiring reasonable accommodation for any part of the application and hiring process should contact us directly.