Senior - Retirement and Benefits Analyst
About The Position
The Senior Retirement and Benefits Analyst provides comprehensive analysis and oversight of employee retirement and voluntary benefit programs, evaluating plan performance, compliance, utilization, and cost-effectiveness. The role develops and presents detailed reporting on savings patterns, retirement concerns, and benefit trends and utilization, and translates data into insights and recommendations that inform financial well-being strategy and plan design. The analyst recommends policy and program enhancements, partners with vendors to negotiate terms and implement benefit changes, ensures compliance with applicable regulations, and leads coordination and facilitation of annual benefit plan audits, including preparation of supporting documentation and collaboration with internal and external stakeholders. The position operates in a normal office environment and may be remote or hybrid. Associates within 60 miles of a posted Bread Financial location are expected to work in the office 3 to 4 days per month. Travel may be required up to 10% annually.
Requirements
- High school diploma or GED.
- 5–8 years of experience in benefits analysis and management.
- 5–8 years of senior-level experience managing complex benefits programs.
- Skills with Microsoft Excel, Excel Pivot Tables, Excel Data Analysis, Microsoft Word Templates, Microsoft PowerPoint, and Adobe.
- Accounting and finance skills.
- Detail-oriented and able to adhere to deadlines.
- Experience with online and meeting presentations.
- Ability to perform the essential job functions and meet the stated physical, mental, and work environment requirements, with reasonable accommodations as applicable.
- Authorized to work in the United States on a full-time basis without current or future employer sponsorship.
Nice To Haves
- Bachelor’s degree in Human Resources or Organizational Management.
- 5–8 years of experience giving presentations and exemplary public speaking skills.
Responsibilities
- Analyze and evaluate employee benefits programs against financial readiness details to ensure effectiveness, compliance, and cost-effectiveness.
- Develop recommendations for policy adjustments that enhance plan designs while adhering to regulations.
- Research market trends for new products and collaborate with vendors to negotiate terms and implement benefit program changes.
- Prepare and present detailed reports on benefit effectiveness metrics to stakeholders, including investment committee members.
- Assist in creating and implementing new benefits programs to meet organizational needs and align with organizational pillars.
- Facilitate the annual DC plan audit and conduct an initial quality review of annual 11-K and 5500 filings.
- Support benefits-related inquiries by providing accurate financial information and guidance to help associates effectively use programs across organizational pay ranges.
Benefits
- Medical and prescription drug coverage.
- Dental and vision coverage.
- Voluntary benefits, including basic and optional life insurance, supplemental medical plans, and short- and long-term disability.
- Six weeks of 100% paid parental leave for eligible parents after a 180-day waiting period.
- 401(k) plan with immediate enrollment eligibility.
- 11 paid holidays.
- Flexible Time Off program.
- Paid Sick and Safe Time; Illinois associates also receive Illinois Paid Leave.
- Option to purchase company stock during offering periods in June and December.
- Annual incentive bonus based on individual and company performance.
- Career development opportunities.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
