HR Benefit Analyst

Arrow Electronics•Centennial, CO

1d•Hybrid

About The Position

Arrow is looking for a Retirement Benefits Analyst to join the Americas compensation and benefits team in our Centennial, CO location. The Retirement Benefits Analyst is responsible for supporting the administration of Arrow’s qualified and non-qualified retirement plans in the US and Canada. This role will act as a subject matter expert with federal, state and local laws impacting retirement programs and will assist with compliance in all regulatory requirements, including government filings (eg. Form 5500), and satisfy internal and external audit requirements.

Requirements

Technical Skills: Advanced Microsoft office skills, including Word, Excel, and PowerPoint and proficient use of HRIS systems (Workday preferred) and benefits related web applications required.
Relationship Management: 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.
Project Management: 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.

Nice To Haves

Bachelor’s Degree in HR, Finance, Business Administration/Management
Knowledge of industry and competitive market
US and Canada retirement experience

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).
May assist with health & welfare benefits as needed.

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
Discounted RTD Passes, with convenient office location off RTD Light Rail (Dry Creek Exit)
On-site Café with Catering Option for Busy Lifestyles
24/7/365 On-site Gym and Lockers, Free for Use to All Employees!
Bike Racks
And more!