Benefits Analyst - Retirement Program

Overview

FLSA Status : Exempt

Earliest Start Date : Immediately

Salary : Salary commensurate with experience

Hours per Week : 40 hours per week

Hiring Department : Office of Employee Benefits

Required Application Materials

A resume and letter of interest is required to apply. Candidates under final consideration will also be required to submit professional references, college degree information, and employment history to an online third-party vendor.

About Us

For more than 140 years, The University of Texas System has improved the lives of Texans - and people all over the world - through education, health care, and research. The System consists of nine academic institutions, four health institutions, and The University of Texas System Administration. The institutions of the UT System employ more than 160,000 faculty, health care professionals, researchers, support staff, and student workers.

The UT System Administration is primarily based in Austin, Texas. It supports the missions of the System's thirteen institutions by providing financial, legal, planning, purchasing, government relations, communications, development, and other central services. Serving a growing state, the UT System Administration strives to provide a welcoming, supportive work environment that embraces different perspectives - not only because it enables the organization to be stronger, creative, and thoughtful, but because it is the right thing to do. To that end, UT System Administration embraces state laws on military and former foster children employment preferences.

Purpose of Position

The Benefits Analyst (BA) is a key member of the team responsible for administering the UT Retirement Program which includes the Voluntary Retirement Savings Plans, the Optional Retirement Program, and the UT Governmental Retirement Arrangement. The role requires strong analytical and communication skills to support plan operations, resolve complex issues, and contribute to strategic plan operations. Responsibilities include assisting with the administration of contract requirements and adherence to plan documents, customer service, and acting as a liaison between UT System, its institutions, vendors, and plan members.

Essential Functions

• Assists with plan operations, including RFP preparation, implementing plans, reporting, auditing and monitoring vendor performance.
• Accurately reviews and manages participant in-service distribution and loan requests.
• Assists with policy development and ensures plan documents are compliant with state and federal regulations.
• Collaborates with the enrollment and common remitter service administrators and institutional benefits office staff to ensure timely and accurate deposits of employee retirement plan deferrals.
• Works with vendors, contracting actuary, and OEB management to discuss and recommend plan design enhancements or changes based on participant needs, market trends, and financial considerations.
• Coordinates and acts as liaison for the institution benefits office staff to interpret plan guidelines and policy as well as coordinate problem solving for a variety of issues pertaining to individual participant needs.
• Reviews plan trends, evaluates marketplace, and reviews legislation to ensure compliance and makes recommendations on future program goals.
• Coordinates with benefit and vendor professionals to develop and maintain external-facing communications
• Performs other duties as assigned.

Knowledge, Skills & Abilities

Required Qualifications

Working Conditions

Additional Information

The retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to a minimum of 20 hours per week and at least 135 days in length. Participation in TRS is mandatory.

A background check will be conducted on candidates under final consideration. The background check may include any or all of the following : criminal history check, prior employment verification, education verification, professional references check, and motor vehicle records check. Background checks are conducted by third-party vendors. Upon request form the third-party vendor, candidates under final consideration must provide the required information for the background checks to be completed.

EO / AA Statement

The University of Texas System Administration is committed to providing equal employment opportunity for all qualified applicants and employees in all terms and conditions of employment. U. T. System will provide equal employment opportunity to all qualified persons and will not discriminate on the basis of race, color, sex, sexual orientation, gender identity / expression, pregnancy, religion, national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by federal or state laws.

For information on accommodations for individuals with disabilities, please contact the Office of Talent and Innovation at oti@utsystem.edu.

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