Business Analyst - Retirement Plan / Employee Benefits/ 401(k) Plan experience
Our Challenge:
The Business Analyst will be responsible for analyzing, designing, and implementing retirement plan solutions, specifically focusing on 401(k) plans. This role requires in-depth knowledge of retirement plan regulations, data analysis, and project management to ensure the effective administration of retirement programs, compliance with federal regulations, and enhancement of participant experience.
Additional Information*
The base salary for this position will vary based on geography and other factors.
In accordance with law, the base salary for this role if filled within Piscataway, New Jersey/ Charlotte, NC is $95k-$105k/year & benefits (see below).
The Role
Responsibilities:
- Data Analysis: Analyze participant data and plan performance metrics to identify trends, opportunities for improvement, and compliance issues.
- Requirements Gathering: Collaborate with stakeholders to gather and document business requirements for retirement plan enhancements and new initiatives.
- Regulatory Compliance: Ensure all retirement plan processes comply with ERISA, IRS regulations, and other applicable laws. Assist in the preparation of required compliance documentation and reports.
- Project Management: Lead or support projects related to retirement plans, including system implementations, process improvements, and vendor management.
- Reporting: Develop and maintain reports and dashboards to track plan performance, participant engagement, and compliance metrics.
- Stakeholder Communication: Serve as a liaison between various departments, including HR, finance, and legal, to ensure alignment on retirement plan strategies and initiatives.
- Training and Support: Provide training and support to internal stakeholders and participants regarding retirement plan options and processes.
- Market Research: Stay informed about industry trends, best practices, and changes in retirement plan regulations to recommend improvements to existing plans.
- Vendor Management: Collaborate with third-party administrators and investment providers to ensure service quality and compliance.
Requirements:
You are:
- Education: Bachelor s degree in Finance, Business Administration, or a related field; Professional certifications such as CEBS (Certified Employee Benefit Specialist) or similar are a plus.
- Experience: 7+years of experience in a business analyst role with a focus on retirement plans, 401(k) plans, or employee benefits.
- Technical Skills: Proficiency in data analysis tools (e.g., Excel, SQL), reporting software, and familiarity with retirement plan administration systems.
- Analytical Skills: Strong analytical and problem-solving skills with the ability to interpret complex data and regulations.
- Communication Skills: Excellent verbal and written communication skills to effectively convey information to various stakeholders.
- Project Management: Experience managing projects, including the ability to prioritize tasks and meet deadlines.
It would be great if you also had:
- Detail-oriented with a strong focus on accuracy and compliance.
- Ability to work independently and collaboratively in a team environment.
- Strong interpersonal skills to build relationships with stakeholders at all levels.
We can offer you:
- A highly competitive compensation and benefits package
- A multinational organization with 58 offices in 21 countries and the possibility to work abroad
- Laptop and a mobile phone
- 10 days of paid annual leave (plus sick leave and national holidays)
- Maternity & Paternity leave plans
- A comprehensive insurance plan including: medical, dental, vision, life insurance, and long-/short-term disability (plans vary by region)
- Retirement savings plans
- A higher education certification policy
- Commuter benefits (varies by region)
- Extensive training opportunities, focused on skills, substantive knowledge, and personal development
- On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses
- Coaching opportunities with experienced colleagues from our Financial Innovation Labs (FinLabs) and Center of Excellences (CoE) groups
- Cutting edge projects at the world s leading tier-one banks, financial institutions and insurance firms
- A flat and approachable organization
- A truly diverse, fun-loving and global work culture.
SYNECHRON S DIVERSITY & INCLUSION STATEMENT
Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity, Equity, and Inclusion (DEI) initiative Synclusive is committed to fostering an inclusive culture promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.
All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.