Sr. Benefits Financial Advisor

PacifiCorp•Portland, OR

9d•$102,000 - $140,250•Onsite

About The Position

Manage and resolve participant escalations and requests from DOL, senior management, etc. Serve as subject matter expert as it relates to department and benefits budget, retirement and 401(k) plans. Conducts analysis through research, gathering and interpretation of data, development of alternatives and recommendations for all benefit plans. Monitors benefit trends and must stay abreast of applicable benefits legislation. Presents analysis and recommendations to management and implement selected alternatives. Analyses include, but are not limited to, feasibility studies, cost/benefit analysis, trending/forecasting, financial analysis, investment funds and budget analysis and reporting.

Requirements

Bachelor’s Degree in Business Administration, Finance, Human Resource Management, or a related field; or the equivalent combination of education and experience.
A minimum of seven years’ experience in benefits or a similar position requiring equivalent experience.
Knowledge of data gathering, analysis, forecasting, and modeling techniques; applicable Company policies and procedures; applicable federal, state, and local governmental laws and regulations.
Project management skills including project leadership, task identification, scheduling, and cost/expenditure identification.
Proficient with the use of all Microsoft products including spreadsheet, database, word processing, and presentation applications to gather, analyze, and model information.
Must have expert level skills in Excel.
Communication and interpersonal skills including ability to consult with internal and external customers regarding matters/issues which may be sensitive in nature.
Ability to work with all levels of an organization including people with different styles and backgrounds; ability to work as a member of a team. Ability to present alternatives and recommendations.

Nice To Haves

CEBS, PHR or SPHR Certification.
Knowledge of and experience with SAP.

Responsibilities

Serve as Human Resource lead on analysis of investment funds within the retirement and 401(k) plans, and serve as PacifiCorp lead on 401(k) fund changes.
Consult and collaborate with internal and external Actuaries on modeling and financial analysis.
Analyze and ensure retirement and 401(k) compliance with federal regulations.
Coordinate updates to legal documents with ERISA Counsel.
Participate on PacifiCorp Employee Benefits Administrative Committee.
Lead analysis on PacifiCorp impacts of Berkshire Hathaway, Inc., and Berkshire Hathaway Energy benefit compliance matters including potential need for 4010 filings, and Qualified Separate Lines of Business non-discrimination testing.
Serve as Human Resource Lead on Annual Benefit Plan Audits.
Manage 5500 preparation and PBGC premium filings.
Serve as Human Resource Lead on PacifiCorp finance matters.
Manage 401(k) plan administrator and retirement plan actuaries
Develop analysis and recommendations for senior management through research, data gathering, and interpretation, trending, forecasting and modeling of data.
Develop detailed financial and claims reports, alternatives, and recommendations.
Develop and implement new policies and or procedures to ensure compliance with federal or state regulations or plan compliance.
Compile market data, provide recommendations and analyze collective bargaining agreements or contracts.
Evaluate proposed benefit programs and/or contracts by studying provisions and estimating the financial impact.
Conduct analysis on trends and develop rate recommendations.
Assist vice president in union negotiations, preparation, and data analysis.
Develop data analysis and detailed reports for use in rate cases.
Understand benefit cost drivers and develop solutions to a diverse range of complex problems and assignments, which require creativity and innovation within broadly defined policies and practices.

Benefits

Medical, dental, and vision insurance
401k with match fixed contributions, including a Roth and saving option. For union employees, matching contributions vary by union. For nonunion, PacifiCorp makes a fixed contribution equal to 4% of your eligible pay each year for new hires. In addition, PacifiCorp matches 100% of the first 6% you contribute.
Life insurance
Additional voluntary benefits, including pet insurance
Tuition Assistance
Mass Transit Pass for employees in our Portland and Salt Lake City Offices.
Generous Paid Time Off (PTO) - Time off varies by employee type (Union or Non-Union)
Paid short-term disability leave and long-term disability insurance
Paid Parental Leave
Paid Bereavement Leave
Employee Assistance Program supporting mental and emotional wellbeing