Benefits analyst Jobs in Irving, TX

Reporting to the Benefits Manager, the Benefits Analyst under minimal supervision, will assist employees with retirement enrollment, loans, hardships, rollovers, or pension benefits related issues, and provides analytical and technical support in the delivery of the retirement benefit programs to ensure smooth administration of group plans. Manages assigned projects, engaging internal and external resources to ensure timely completion. Serves as subject matter expert for administration and governance of retirement plans. This exciting and significant role will be integral in providing support to the benefits team.

This role is based in IRVING, TX.

Essential Duties and Responsibilities

• Explains retirement benefit plan policies, procedures, and legal requirements to employee, retirees, and beneficiaries.
• Ensures retirement plans are administered in accordance with company, state, and federal guidelines and regulations.
• Ensure tracking and reporting of all payouts by custodian is accurate and up to date.
• Support annual audit and pension valuation in providing information requirements in a timely fashion.
• Assist in special projects including data entry, preparation of correspondence to members.
• Conducts pension and benefits-related calculations and analysis including withdrawal of contributions, and deferred retirement.
• Check monthly benefit payments made to retirees and beneficiaries.
• Solve complex problems efficiently, leveraging existing tools and processes whenever possible.
• Monitor and coordinate the various providers / administrators.
• Responsible for the administration of the 401(k) and pension benefit plans in accordance with plan documents, federal and state laws, to include the interpretation of benefit programs and procedures for all plans.
• Researches and recommends appropriate benefits plans and services based on data analysis.
• Acquires and distributes relevant information and documentation to plan participants and beneficiaries.
• Develops and maintains records of participants and beneficiaries including active, deferred, retired, and separated members.
• Serves as a liaison between beneficiaries and participants and the plan administrator, handling or facilitating requests for contribution adjustments, refunds, and other administrative changes.
• Maintains knowledge of legal and regulatory changes, trends, and other developments affecting retirement benefits.
• Works with internal staff and external vendors to arrive at resolution.
• Respond to retirement or pension related employee inquiries, research issues, and summarize trends.
• Evaluate and revise internal processes to reduce costs and increase departmental efficiency.
• Support M&A activity during due diligence and implementation.
• Maintains employee confidential records while adhering to legal requirements.
• Perform special projects and other duties as assigned.
• Conducts group benefits presentations for and / or individual interviews with employees regarding retirement and pension options.
• Assists with open enrollment.

Required Skills / Abilities

Nexstar Media Group does not discriminate in employment opportunities or practices based on race, color, religion, sex, national origin, age, disability, genetic

information, military status, or any other characteristic protected by law.

Education and Experience

Physical Requirements :