Total Rewards Analyst I

Provident Bank • Iselin, NJ

2d

About The Position

The Total Rewards Analyst I supports the administration of Provident Bank’s benefits and compensation programs, with a focus on retirement plans, compensation support, and regulatory compliance. This role plays an important part in ensuring accuracy, timeliness, and a positive employee experience across total rewards programs.

Requirements

• Bachelor’s degree in Human Resources, Business Administration, or related field preferred.
• 1-3 yrs in benefits, compensation, finance, auditing or banking.
• Understanding of benefits administration and applicable government regulation of employee benefits.
• Demonstrated proficiency in computer programs particularly Excel, PowerPoint, Word, Adobe.
• Strong attention to detail and numeracy skills.
• Excellent written and verbal communications skills including speaking to large groups.
• Ability to exercise judgment and make decisions consistent with job functions.
• Ability to remain composed and make appropriate decisions under stressful situations.
• Ability to plan, organize and prioritize multiple projects for timely completion.
• Ability to define problems, collect data, establish facts and draw valid conclusions.
• Ability to shift attention quickly and accurately from one matter to another.

Nice To Haves

• Familiarity with preparation of financial statement and regulatory filings such as Form 5500’s a plus.
• Experience with webinars, recording and video a plus.

Responsibilities

• Administer retirement benefit programs including 401(k), pension, and non-qualified plans.
• Review vendor-prepared regulatory filings (Form 5500, PBGC) for accuracy and prepare submissions.
• Support annual audits and preparation of financial statements.
• Prepare and distribute required participant and regulatory notices.
• Monitor vendor processes, EDI files, enrollments, and contributions.
• Process and reconcile benefit-related payroll adjustments.
• Support Talent Acquisition and HR Business Partners with job evaluations, compensation analysis, and offer recommendations.
• Support annual compensation programs including merit, promotions, market adjustments, and bonuses.
• Compile and submit compensation data for BLS reporting.
• Crosstrain on health and welfare plans for business continuity.
• Perform other duties as assigned.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
• In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance.
• Company sponsored Tuition Disbursement and Loan Repayment programs are also available.
• Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees