Financial Readiness Analyst (Human Resources Analyst III)

City of Portland • 1120 SW 5th Ave, OR

2d • Hybrid

About The Position

The Financial Readiness Analyst develops, implements, and manages programs dedicated to measuring and improving how financially prepared individuals are for major life goals, with a focus on enhancing the financial literacy and security of employees. This position is the primary lead for crucial programs including deferred compensation 457b salary deferral plans and supports other financial readiness programs including but not limited to, flexible spending accounts, life insurance and disability. The position’s core purpose is to alleviate financial stress, supplement existing retirement benefits for City employees, and integrate financial well-being as a key component of our workforce’s overall health.

Requirements

• Knowledge and experience applying, interpreting, explaining and administering federal and state laws, regulations, court decisions, ordinances, and policies applicable to 457(b), 401(k), 403(b) or other Deferred Compensation Plans and other related programs including but not limited to Employer-Sponsored Benefit Plans.
• Experience analyzing financial and operational data, monitoring budgets, managing requests for proposals and vendor contracts, and developing projections and recommendations.
• Experience identifying institutional or systemic gaps in program offerings, evaluating and improving systems, processes, and procedures to support retirement, deferred compensation, benefits, or related programs.
• Ability and experience preparing clear, consistent and comprehensive reports, correspondence and other documents appropriate to the audience.
• Ability and experience creating clear educational materials, presentations and learning tools that explain complex topics to a variety of diverse audiences in a way that builds rapport and understanding.
• Ability to work effectively and collaboratively with key internal and external stakeholders, plan participants, and beneficiaries with tact.

Responsibilities

• Lead operations and support staff: Manage the city's Deferred Compensation Program and other Financial Readiness Programs, lead the work of contracted vendors, and provide guidance to Benefits staff supporting these programs.
• Manage plan operations: Coordinate with City Operations, Human Resources Payroll Operations, Enterprise Business Solutions, and vendors to ensure correct contribution processing and posting of funds.
• Ensure compliance: Review and make determinations of complex transactions like 3-year catch-ups, death claims, and contribution limits while configuring and auditing systems to ensure federal, state and City rules are applied appropriately.
• Drive financial health: Assess and study employee financial health, create and recommend new or improved programs to address gaps, implement new initiatives, develop and facilitate trainings with the goal of supporting and advancing employees’ financial goals.
• Support committees: Provide subject matter expertise to Deferred Compensation Committee, provide budget reports, and fund performance data.
• Manage Contract and Budget: Full vendor contract lifecycle, develop requests for proposals, manage vendor agreements, and prepare program budgets while overseeing the accurate processing of all invoices and reimbursements.

Benefits

• Deferred compensation 457b salary deferral plans
• Flexible spending accounts
• Life insurance
• Disability

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed