Sr. Benefits Analyst(s) OEB

Federal Reserve Bank of Philadelphia•Newark, NJ

17h•Onsite

About The Position

As an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in the Newark, NJ office, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper. Onsite Work Expectations: The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management. We are hiring for multiple Sr. Benefits Analyst positions in both our Health and Welfare and Plan Administration teams. The Senior Benefits Analyst (Plan Administration ) is involved in day-to-day operations, administration, communications and compliance of the Federal Reserve’s qualified and non-qualified retirement plans, non-qualified deferred compensation plan and other executive programs. Demonstrates effective interpersonal, written verbal communication skills to facilitate effective working relationships. The employee plays a key part in assisting the broader Administration team with data analysis, interacts with plan participants, including actives/retirees, of the Federal Reserve Banks, the Board of Governors, and the Consumer Financial Protection Bureau. The Senior Benefits Analyst (Health & Welfare) oversees the relationship and service performance of outsourced administrators and service providers for the Federal Reserve’s health and welfare benefits plans. Demonstrates effective interpersonal, written verbal communication skills to facilitate effective working relationships. The employee plays a key part in assisting the broader Health & Welfare Benefits team with data analysis, interacts with plan participants, including actives/retirees, of the Federal Reserve Banks and the Board of Governors, and HR and benefits colleagues across the Federal Reserve System. Accountable for generally low/medium complexity vendor management responsibilities for System-wide benefits programs Research and respond to inquiries from vendors, stakeholders, plan participants and Federal Reserve System partners like Payroll. Perform data analysis and process review to support the broader Administration and Benefits team to improve employee engagement, administration efficiency, mitigate risk, and support compliance. Develop presentations and training sessions for Reserve Bank partners. Outline key points of nuanced benefits communications for dedicated communications team. Lead and support processes and projects with measurable outcomes.

Requirements

Ability to make sound decisions and demonstrate a high degree of trustworthiness in handling confidential and sensitive information.
Ability to communicate clearly and confidently across multiple levels of the organization and externally.
Demonstrates effective interpersonal, written verbal communication skills to facilitate effective working relationships.
Bachelor’s Degree or 4 years equivalent experience preferred
Five + years of experience required or equivalent years of experience.

Responsibilities

day-to-day operations, administration, communications and compliance of the Federal Reserve’s qualified and non-qualified retirement plans, non-qualified deferred compensation plan and other executive programs
oversees the relationship and service performance of outsourced administrators and service providers for the Federal Reserve’s health and welfare benefits plans
Accountable for generally low/medium complexity vendor management responsibilities for System-wide benefits programs
Research and respond to inquiries from vendors, stakeholders, plan participants and Federal Reserve System partners like Payroll.
Perform data analysis and process review to support the broader Administration and Benefits team to improve employee engagement, administration efficiency, mitigate risk, and support compliance.
Develop presentations and training sessions for Reserve Bank partners.
Outline key points of nuanced benefits communications for dedicated communications team.
Lead and support processes and projects with measurable outcomes.