Senior Benefits Analyst

Stanford University Stanford , CA 94305

Posted 3 weeks ago

Stanford University is one of the world's premier academic and research institutions, devoting tremendous intellectual and physical resources toward the betterment of humanity. As a major Silicon Valley employer, Stanford seeks people committed to excellence and to improving our world. In turn, the university is committed to supporting its employees as they develop their careers and enrich their lives.

University Human Resources is looking for a driven, adaptable, and highly collaborative individual to manage the complex and daily administration of the Stanford Contributory Retirement Plan (SCRP) and the 457(b) Plan. The Senior Benefits Analyst will conduct retirement presentations and counsel faculty and staff on retirement program benefits. Assisting with the Stanford Staff Retirement Annuity Plan (SRAP), our highly skilled Senior Benefits Analyst provides strong analytical and operational support. As a professional resource, our analyst delivers and maintains standardized solutions/services, responding to benefit plan support needs. The Analyst will be the key liaison between retirement vendors and the Director of Retirement Programs.

This position is located at our new Stanford Redwood City campus, Redwood City, California.

JOB PURPOSE:

Independently manage and administer retirement benefit plans in compliance with federal regulations. Ability to clearly communicate retirement benefits and conduct retirement presentations to staff, faculty and Retirement Programs Investment Committee (RPIC). Maintain vendor relationships and oversee critical time-sensitive financial transactions. Act as an expert resource, deliver and maintain standardized solutions/services and respond to benefit plan support needs.

CORE DUTIES*:

  • Review of plan compliance; manage and complete compliance tasks; review appeals and make determinations.

  • Contracts management; external vendor interface and management. Meet with carriers and consultants; make independent decisions on plan operations as required.

  • Research and resolve complex plan participant benefit escalations.

  • Financial monitoring and reporting; coordinate information for Fringe budget management; coordinate data gathering for audits; oversight of benefit plan claims funding and premium payment.

  • Perform non-discrimination testing and manage annual plan audits.

  • Benefit plan communication evaluation, creation, review, and delivery.

  • Participate in the benefit plan renewal cycle including benefit plan strategy, financial analysis, decision support, and change management.

    • Other duties may also be assigned

MINIMUM REQUIREMENTS:

Education & Experience:

  • Bachelor's degree and five years of relevant experience or combination of education and relevant experience.

Knowledge, Skills and Abilities:

  • Advance working knowledge of ERISA, COBRA, Internal Revenue Codes (as they apply to health and welfare plans), and other statues governing employer sponsored benefit plans.

  • Advance working knowledge of accounting functions including budget building and evaluation, employee contribution modeling.

  • Performed non-discrimination testing and manage annual plan audits

  • Reviewed and evaluated QDROs

  • Demonstrated experience with evaluating benefit plan documentation and benefit communication strategies, including composition, review and revision.

  • Working knowledge of Peoplesoft and ability to identify and resolve data discrepancies.

  • Ability to quickly absorb and lean new concepts and new software programs.

  • Knowledge of insurance environment.

  • Strong presentation and public speaking skills.

  • Ability to transition between strategic big-picture and details of day-to-day operations.

  • Intermediate to expert level computer skills such as Microsoft Office (Outlook, Word, Excel, and PowerPoint).

Certifications and Licenses:

None

PHYSICAL REQUIREMENTS*:

  • Frequently stand/walk, sitting, use a computer, use a telephone, grasp lightly/fine manipulation.

  • Occasionally twist/bend/stoop/squat, reach/work above shoulders, grasp forcefully, lift/carry/push/pull objects that weigh up to 20 pounds, writing by hand, sort/file paperwork.

  • Rarely kneel/crawl.

    • Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

WORKING CONDITIONS:

Occasional work on evenings and weekends.

WORK STANDARDS:

  • Interpersonal Skills:
    Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.

  • Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.

  • Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.

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Senior Benefits Analyst

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