Retirement Benefits Specialist

SECU • Raleigh, NC

3d • Hybrid

About The Position

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team! Position Overview To provide support in proper Retirement Plan administration and maintain compliance with Regulatory authorities, such as Department of Labor and Internal Revenue Service. To counsel and assist employees with retirement planning and retirement account questions, and guide employees in the process of retiring from SECU through the proper steps.

Requirements

• Ability to interpret financial data and apply it to benefit plan policies, as well as conducting retirement and benefits-related calculations and analysis.
• MS Office proficiency with advanced skills in Excel.
• Must be interested in obtaining and maintaining Life, Accident and Health or Sickness, Medicare Supplement Long-Term Care, and Personal Lines insurance licenses.
• Able to communicate effectively and speak English fluently.
• Experience with Workday as the HCM provider.
• Required Education - Associates
• Required Relevant Experience - 2 years

Nice To Haves

• Desired Education - Bachelors
• Desired Relevant Experience - 2 years
• Certified Financial Planner (CFP®) designation.
• Qualified 401(k) Administrator (QKA®) designation.

Responsibilities

• Oversee duties during payroll processing windows to ensure retirement savings elections for participants are correctly reflected in the Workday payroll system and manage the reconciliation and wiring of contribution funds and 401(k) loan payments to the recordkeeper every pay period, as well as performing earnings adjustments as needed. Additionally, provide employee support and assistance via phone and email, addressing inquiries and resolving issues in a timely and professional manner.
• Obtain and maintain knowledge of current legislation and regulatory changes, trends, and other developments affecting employer-sponsored benefits (HIPAA, COBRA, ACA) and retirement plans (ERISA) and be able to explain retirement benefit plan policies, procedures and legal requirements as well as provide support and counsel to employees and retirees regarding SECU-sponsored benefits, retirement plans, and tax-advantaged accounts.
• Advise, support, and direct employees transitioning into retirement under Rule of 85 including but not limited to: send out relevant internal notices, update retiree enrollment records with vendors, send applicable election forms to retirees and dependents, and ensure all PHI/PII (Personal Health Information/Personally Identifiable Information) is secure and confidential.
• Assists in developing, implementing, and monitoring internal procedures and support systems for Retirement Plans and retirement benefits administration.
• Assist VP with audits, projects, and other duties as needed to ensure recording and compliance accuracy.
• Ensure plaques and gifts are received in a timely manner by the retiring employee’s management team before a retirement reception. Also, coordinate and schedule meetings ensuring all logistics are in place, including room setup, technology support and catering or meal arrangements, as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree