Senior Benefits Analyst, Human Resources

Job Description Summary

The Senior Benefits Analyst works collaboratively and communicates with the Human Resources (HR) team, Information Systems, Payroll, third-party administrators, HR liaisons/partners, and faculty and staff, to collect, monitor, and analyze benefits data and to provide feedback/recommendations to ensure compliance with regulations, procedural guidelines, eligibility, programs, and policies.

Essential Functions:

Retirement Plan Administration (30%):

• Leads WFU Retirement Plans compliance efforts, including but not limited to non-discrimination testing, IRS annual limits, small sum distributions, Form 5500, retirement plan contribution adjustments, retirement plan eligibility, and internal and external audits.
• Analyzes and reconciles WFU Retirement Plan contribution file for each payroll to ensure compliance with eligibility requirements, IRS regulations, and the timeliness of processing. Tracks all corrections in partnership with Payroll.
• Monitors new and/or changing regulations for the 403(b) and 457(b) retirement plans and when applicable, summarizes and makes recommendations to leadership.
• Assists with the coordination, preparation, and participation in the Retirement Plan Committee meetings, including but not limited to logistics, agenda items, meeting minutes, and materials.

Systems & Reporting (30%):

• Leads retirement plan-related changes and enhancements in the HR System to support continuous improvement. Develops training materials related to updates.
• Assists with Workday configuration, reconfiguration, testing, and auditing for benefits-related items, including but not limited to open enrollment, biannual upgrades, salary administration, and ACA 1095 Forms.
• Responsible for streamlining, automating, and maintaining retirement and benefit plan reports, audits, scorecards, and creating new ones, within our system of record when needed.
• Prepares reports by collecting, analyzing, tracking, and summarizing benefits and retirement plan information, metrics, and trends.
• Ensures processes and procedures are in place to capture and maintain consistent and accurate benefit-related data.
• Fulfills benefits and retirement plan-related transactions in the HR System.