Pension Analyst

Description

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Pension Analyst is responsible for the coordination of all pension determinations, audits, and reporting obligations as well as administering the day-to-day administration of the Defined Benefit pension plan and Defined Contribution plan activity. This role is responsible to communicate, partner, and collaborate with all Hackensack Meridian Health's team members and vendors.

This is a hybrid position - We mostly work from home with an occasional meeting at the network office.

Responsibilties

A day in the life of a Pension Analyst at Hackensack Meridian Health includes:

• Works closely with actuary and record-keepers in reconciling data related to changes in employment status, breaks in service, and name changes.
• Conducts retirement counseling with prospective retirees and terminated vested employees eligible for pension benefits.
• Reviews changes in federal legislation to ensure that HMH is in compliance; work closely with actuary, record-keeper, and pension carriers to establish procedures which will ensure compliance.
• Resolves discrepancies between defined contribution vendor and PeopleSoft regarding eligibility and vesting status. Performs refunds and other adjustments as necessary.
• Notifies pension carriers when to initiate, end, or modify pension benefit payments; initiate Joint and Survivorship death benefits. Resolves any problems related to the payment of benefits.
• Acts as point-person for pension and savings plans cases escalated by Team Member Support Center. Conducts research and analysis, and provides timely responses in accordance with established department guidelines.
• Participates with audits from regulatory agencies. Coordinates and ensures federal filings to the PBGC, Form 5500, and Summary Annual Report are completed in a timely and accurate manner.
• Other duties and/or projects as assigned.
• Adheres to HMH Organizational competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• Bachelor's degree or equivalent.
• Minimum of 5 or more years defined benefit and defined contribution pension experience.
• Demonstrated analytical thinking and problem solving skills.
• Proficiency in federal filings for PBGC, Form 5500, and Summary Annual Report and Annual Funding Notice.
• Excellent written and verbal communication skills.
• Proficient computer skills that may include but are not limited to Microsoft Office and/or Google Suite platforms.

Education, Knowledge, Skills And Abilities Preferred

Prior healthcare experience.

Licenses And Certifications Preferred

CEBS certification in pension administration.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.

Job Duties

The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:

• Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness.
• Experience: Years of relevant work experience.
• Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training.
• Skills: Demonstrated proficiency in relevant skills and competencies.
• Geographic Location: Cost of living and market rates for the specific location.
• Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization.
• Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.

Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.

In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.Minimum rate of $83,782.40 Annually