Hybrid Retirement Analyst

at Arrow Components

• Job title: Retirement Analyst
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $67,000 - $104,500 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, United States

About the role

• Retirement Analyst managing Arrow’s retirement benefits administration and compliance for US and Canada. Researching, analyzing, and ensuring adherence to retirement regulations and policies.

Responsibilities

• Research, analyze, evaluate, and administer Arrow’s qualified and non-qualified retirement plans, either internally or through a partnership with outsourced service provider, in accordance with company policies and procedures.
• Serve as backup for the administration of Arrow’s Supplemental Executive Retirement Plan (SERP).
• Review and audit employee and Arrow contributions from Payroll on a weekly basis.
• Collaborate with the payroll team to reconcile contributions and post funding to the recordkeeper for applicable plans on a scheduled basis.
• Audit retirement plan eligibility and participant data. Resolve discrepancies as needed.
• Monitor and audit loan data to ensure adherence to terms and compliance with regulatory requirements.
• Perform secondary reviews of additional calculations and system entries as needed.
• Handle escalated retirement benefit inquiries in a timely manner.
• Serve as a point of contact for plan audits, SOX compliance and SEC reporting; support the completion of IRS Form 5500 and other required notices and filings related to Arrow’s retirement programs.
• Serve as a liaison with plan recordkeepers, retirement committee, trustees to ensure plans are administered in accordance with plan documents, established procedures and government regulations.
• Update Summary Plan Descriptions and applicable administrative process documents.
• Prepare plan participant communications as needed.
• Interpret, review and update plan policies and procedures to ensure standardization, legal compliance, and improved efficiency.
• Identify and implement process improvements in partnership with HR Technology, HRIS, Payroll and service providers.
• Lead special projects as needed (e.g., plan design updates, system conversions, enhancements, acquisitions).

Requirements

• Advanced Microsoft office skills, including Word, Excel, and PowerPoint and proficient use of HRIS systems (Workday preferred)
• Proven client relationship skills with internal and external stakeholders, the ability to collaborate well, and work effectively as a team member or a project lead.
• Ability to manage several projects simultaneously with competing deadlines in a fast paced, dynamic environment.
• Strong organizational skills.
• Ability to keep highly sensitive human resources and compensation information confidential.
• Bachelor’s Degree in HR, Finance, Business Administration/Management.
• Knowledge of industry and competitive market US and Canada retirement experience.

Benefits

• Medical, Dental, Vision Insurance
• 401k, With Matching Contributions
• Short-Term/Long-Term Disability Insurance
• Health Savings Account (HSA)/Health Reimbursement Account (HRA) Options
• Paid Time Off (including sick, holiday, vacation, etc.)
• Tuition Reimbursement
• Growth Opportunities