Retirement Benefits Manager (Hybrid)

Belk • Charlotte, NC

150d • Hybrid

About The Position

Responsible for managing all aspects and activities related to the execution of the benefit plans design, financial planning and administration of the Company's health, welfare, wellness, leave, paid time-off and other non-retirement benefit programs. This role also manages the operations of the Belk Benefits Call Center. This includes establishing and revising processes, policies, procedures, internal controls, functional/technical system reviews and improvements. Ensures plans are in compliance with all ERISA and other regulatory requirements.

Requirements

• Education Level - Bachelor's Degree
• Specific Degree: Accounting/Finance
• Specific Training: 40 hours of Continuing Education per year
• 4-6 years applicable experience
• Knowledge of code section 409A

Nice To Haves

• Certified Public Accountant (CPA)

Responsibilities

• Compiles & analyzes financial information relating to Nonqualified Benefit Plans
• Provides operational oversight to the 401k Savings Plan, including maintaining accuracy between the record-keeper and payroll system to ensure participant elections and transactions are accounted for properly
• Ensures that plan provisions relating to loans, required minimum distributions and hardship withdrawals are administered by the record-keeper in adherence to plan
• Coordinates and executes any corrections related to the annual compliance testing work
• Ensures that retirement deductions are properly executed as they relate to severance documents
• Creates & analyzes monthly, quarterly, and annual reports & ensures financial information has been recorded accurately
• Identifies trends & developments in competitive environments
• Records financial transactions as they relate to qualified and non-qualified retirement programs to the general ledger
• Performs financial forecasting & reconciliation of internal accounts
• Functions as liaison between vendors and executives
• Advises executives on eligibility, coverage and other matters
• Prepares estimates on non-qualified benefits as requested and upon the executive's retirement
• Maintains plan documentation
• Assists in plan design & recommendations for benefit plan features
• Stays knowledgeable of applicable legislative issues and works with ERISA counsel to maintain legal compliance of documents
• Bills and collects Retiree Medical premiums
• Creates open enrollment materials
• Assists in audits
• Reports finances to management
• Handles special projects

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Clothing, Clothing Accessories, Shoe, and Jewelry Retailers
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees