Hr Sr. Specialist : Retirement Benefits

Hr Sr. Specialist : Retirement Benefits
Company:

(Confidential)


Hr Sr. Specialist : Retirement Benefits

Details of the offer

Requisition ID: 62283 Job Function/Category: Human Resources Employment Type: Exempt Full Time

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity and inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey. PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.

Job Summary 13;

Work independently to manage the data integrity and adherence to Plan Documents for the Defined Benefit (Qualified and Non:Qualified), and Defined Contribution Plans. Responsibilities include, but are not limited to, operational tasks such as; delegation and monitoring vendor partners regarding plan implementation, resolution of systemic participant issues, serve as SME for Plan specific questions, lead internal/external audits, review benefit calculations for both Qualified and Non:Qualified Plans, implement audits of employee deferrals and employer contribution, review/develop participant communications, manage special projects, perform periodic reconciliations to ensure all activities are in compliance with Plan Provisions, administrative requirements, and government regulations, and work with legal to file VCPs.

Job Responsibilities 13;
:Lead and/or implement SOX Controls/routine audits for the pension (Qualified and NQ) and 401(k) plans and act as point person for internal/external audits. This includes successfully identifying, tracking, and resolving root:cause of data issues while collaborating with other departments, vendors, and/or IT to develop improved processes. Also includes, drafting communications to participants and presenting issues to leadership and appropriate Committees when required. Evaluate all reoccurring projects with an eye towards process improvement to identify, analyze, and implement more efficient and robust processes. Maintain process documents
:Resolution of systemic/complex participant issues; conduct research, work with IT, vendors, and/or internal groups to determine root cause, coordinate participant account cleanup with vendors, draft presentations/present to leadership and various Committees, work with Legal to file necessary VCPs. Communicate with employees, retirees, and union leaders to close out issues and provide benefit education as needed
:Lead all aspects of the data integrity and adherence to the Plan Documents for the Defined Benefit (DB), Defined Contribution (DC), and Other Post Employment Benefits (OPEB) plans. Project manage initiatives, lead cross functional teams, demonstrate leadership, and meet all deliverables within established deadlines
:Act as the SME; respond to day:to:day administrative teams higher level questions, review participant communications (SPDs, SMMs, web portal, etc.), review annual projects (5500s, PBGC, AFN, SAR, AFDN, etc.) as requested by day:to:day administrative team
:Project manage plan implementations, vendor changes, enhancements, new legislation changes, and special projects specific to DB and DC plans within identified timelines. This includes reviewing legal plan documents, SMMs or summary plan description (SPD), vendor plan documentation and requirements, and plan changes are communicated to internal stakeholders
:Review benefit calculations for both Qualified and Non:Qualified Plans
:Engage procurement and vendors to develop project plans and associated scopes of work as necessary. Monitor vendor budgets vs actual invoices
:Lead reoccurring projects; Proxy (review of retirement benefits sections), union official funding calculations, review of pensionable pay in connection with status as of bonus payout date, annual RMD review, review financial reporting retirement b


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