Retirement Benefits Analyst

Retirement Benefits Analyst

The Retirement Benefits Analyst will report to the Director Compensation and Retirement Programs and will be responsible for leadership and administration of our retirement and non-qualified benefit programs.

Retirement Plan Administration

Coordinate, administer, and oversee 401(k), GRRSP / DPSP, and non-qualified Deferred Compensation programs.

Serve as the point of contact for our broker, 401k, GRRSP / DPSP and non-qualified Deferred Compensation programs and assist Director with activities for the investment committee, investment advisor, and related vendors.

Coordinates retirement plan vendors to ensure best in class customer service in administering Michaels plans as set outlined in our plan documents.

Ensures vendor support systems and integrations are operating properly mitigating compliance and service issues.

Assists Director in direction work of co-sourcing partner TCS related to administering retirement and non-qualified processes. Includes oversight of scheduled processes, ongoing review of process documents to identify opportunities for efficiency and consistency in administration, audit of completed work and records to ensure compliance with state and federal regulations.

Responds to and resolves Team Member concerns regarding retirement and non-qualified plans.

Coordinates annual enrollment for Deferred Compensation plan.

Ensures data integrity relating to retirement plans including accuracy of vendor files and payroll deductions, collection of contributions and premiums and integration between systems both internal and external through establishing, coordinating, and conducting ongoing audits.

Supports Director in delivering the annual audit with internal and external auditors and preparation of retirement plan Form 5500.

Serves as a subject matter expert for retirement plans.

Coordinates plan communications working with vendors.

Other duties as assigned.

Minimum Education

Bachelor's degree or equivalent work experience.

Minimum Special Certifications or Technical Skills

3-5 years Human Resources experience.

Advanced Excel skills. Intermediate proficiency in MS Word.

Workday or other similar HRIS system.

Minimum Type of Experience the Job Requires

Experience as primary analyst for retirement and non-qualified plans.

Knowledge of ERISA, DOL, 401(k), Form 5500 and other laws and legislative requirements.

Other

Must come from a fast paced, high volume environment with ability to handle a busy workload, flexibility with working hours based upon projects and established deadlines.

Excellent attention to details, with speed and accuracy.

Ability to influence across the business and build strong relationships with cross-functional partners in areas such as finance, payroll, store operations, HR business partners, and others.

Completing surveys and providing plan benchmarking analysis.

Preferred Education

Bachelor's Degree.

Preferred Special Certifications or Technical Skills

Certified Employee Benefit Specialist (CEBS) a plus.

Previous Workday experience including reporting and analytics.

Preferred Type of Experience the Job Requires

Knowledge of legislative requirements for ERISA, 401(k), 409(A), discrimination testing and similar programs.

Excellent interpersonal skills, oral and written communication, strong business focus, critical thinking process orientation.

Experience managing vendors, brokers, investment advisors to optimal productivity and performance.

Ability to analyze facts and exercise sound judgment in arriving at conclusions; ability to make decisions.

Results, solution-oriented individual with demonstrated follow-through.

Experience prioritizing workload and competing priorities.

Self-motivated with a strong sense of personal accountability.

Able to handle high work volume and adapt to change in a fast-paced agile environment.

Proficient in interacting with and collaborating with business partners and all levels of the organization.

Strong project management skills.

Strong analytical skills with great attention to detail.

Strong analytical, problem solving and troubleshooting abilities; strong data analysis acumen and focus on accuracy and attention to detail.

Advanced MS Excel proficiency.