Sr Benefits Analyst

Job Description

The Sr.

Benefits Analyst - Wealth is responsible for the administration and analysis of the Retirement and Financial Wellbeing/Education Programs.

This position supports the planning, design, implementation, administration and evaluation of these plans, programs and related services.

In addition to providing routine administration and support for the Wealth area, this role is pivotal for ensuring process compliance, AutoZoner engagement and satisfaction and regulatory compliance.

Responsibilities



* Provides oversight for the day-to-day processes for routine and non-routine plan administration as well as Federal and State compliance.


* Serves as a Subject Matter Expert (SME) for wealth projects and projects affecting 401(k) related data/processes.


* Reviews and edits error reports from the Recordkeeper for Wealth Plans and processes funding files for payroll.


* Maintains the data integrity of the match error reports received from the Recordkeeper for the Wealth Plans.


* Research and resolve inquiries for Wealth plans received from AutoZoners and/or Vendor Partners.


* Routinely researches employment and payroll discrepancies pertaining to Wealth plans.


* Collaborate with Vendor Partners regarding plan administration and compliance matters.


* Coordinate cross-functionally with various teams to ensure integrated communications for wellbeing programs.


* Create ad hoc reports as requested.


* Review vendor invoices to determine the necessary payments process.


* Research and oversee appeals and escalations for Wealth Plans.


* Develop administrative procedures with vendors to improve service delivery for AutoZone and AutoZoners.


* Run routine audit reports and maintains data integrity for Wealth plans.


* Compile information required by the Internal/External Auditors for annual review.


* Serve as a primary support role for the annual True-Up calculations, year-end compliance testing, and 5500 filings for Wealth plans.


* Works directly with Vendor Partners to track administrative fees, enrollments and trend analyses.


* Supports strategic planning, new business proposals and implementation routinely.


* Performs periodic system audits (weekly, monthly, quarterly and annual) of Wealth plan enrollments, elections, payroll deductions and demographic data.


* Assist in the development of vendor performance metrics, evaluation and quality improvement initiatives.


* Ensure the timely completion and submission of required governmental and organizational reports.


* Create, maintain, and update standard operating procedures and documentation for Wealth and Financial Wellbeing Plans.


* Performs miscellaneous duties as assigned.

Qualifications



* Bachelor's degree with preferred specialization in Human Resources, mathematics, finance, actuarial science or equivalent education, training or experience is required.


* Minimum of 7-10 ...