Sr. Benefits Analyst - Healthy Wallet - Seattle, WA (Hybrid)

Nordstrom•Seattle, WA

10d•$93,500 - $155,000•Hybrid

About The Position

Nordstrom is seeking a Senior Benefits Analyst to join their Total Rewards team. This role will support the company's Healthy Wallet programs, which include qualified and non-qualified U.S. retirement/savings programs and the Nordstrom Merchandise Discount Program. The position is a highly skilled individual contributor responsible for multiple U.S. benefit programs such as 401(k), Deferred Compensation, and Discount. Key responsibilities involve analysis and reporting, providing advice and education, consulting, project management, implementing process improvements, and collaborating with the benefits team for program and project support. This role also leads Healthy Wallet communications, working cross-functionally to create and deliver benefits information to employees. Furthermore, the position ensures that plans and operations comply with plan documents and relevant regulations.

Requirements

5+ years of benefits experience
3+ years of retirement benefits experience
Understanding of ERISA, HIPAA, 409A, and other IRS and DOL requirements impacting employee benefit plans
Experience with trust accounting, institutional investment operations, non-discrimination testing, and Form 5500
Experience analyzing and interpreting data and creating effective and engaging presentations
Experience developing and delivering benefits communications, including partnering with internal communications or marketing teams
Strong ability to manage multiple competing priorities and execute in a fast-paced environment
Ability to work effectively and independently in a team environment
Effective collaboration skills with the ability to establish and maintain effective working relationships at all levels of the organization
Strong written and verbal communication skills, including experience presenting to and influencing senior leaders
Ability to manage sensitive information with a high level of professional discretion and confidentiality
Intermediate to advanced proficiency in Microsoft Excel and PowerPoint

Nice To Haves

Experience working with Workday is preferred
Bachelor's degree and/or benefit or human resources certification preferred (CEBS, PHR, SPHR, SHRM-CP or SCP)

Responsibilities

Manages the Deferred Compensation Plans for Nordstrom employees and Nordstrom Board of Directors, including overseeing Fidelity Executive Services (FES) as part of the DCP program
Supports smooth and effective operation of Nordstrom's 401(k) Plan, including leading the annual audit and non-discrimination testing
Manages communication, education, and compliance for Nordstrom's Merchandise Discount Program
Serves as the Healthy Wallet communications lead, developing and coordinating benefits communications for 401(k), DCP, and Discount programs in partnership with Healthy Mind & Body, Healthy Time Away, vendor partners, Nordstrom Internal Communications, and Nordstrom Internal Marketing
Participates in and sometimes leads key projects and initiatives such as RFPs, fund changes, plan design reviews, recommendations, and corrections
Effectively partners, consults, and collaborates with cross-functional teams, including other Benefits Plan Owners, Legal, ERISA counsel, Finance, Treasury, External Reporting, and Strategic Sourcing, to accomplish objectives
Serves as Subject Matter Expert for Nordstrom's Healthy Wallet programs and as a point of escalation for complex participant questions or issues escalated from vendor partners, HR Business Partners, Nordstrom Legal, and the Nordstrom Employee Care Center
Ensures programs remain competitive, inclusive, legally compliant, and aligned with Nordstrom's Total Rewards philosophy and business needs
Interprets and administers Healthy Wallet programs in accordance with applicable federal, state, and local regulations
Stays informed about changes in legislation and regulations; attends conferences, seminars, and webinars to stay current on retirement plan trends and best practices
Ensures plan documents and processes are current and accurately reflect plan rules and operations
Manages third-party vendor relationships to ensure best-in-class delivery of services, including tracking and communication of performance guarantees and service level agreements