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Nexstar Media Group, Inc. · 2 weeks ago

Benefits Analyst (Retirement and Pension)

Irving, TX

Full-time

Onsite

Mid Level

3+ years exp

Nexstar Media Group, Inc. is seeking a Benefits Analyst to assist employees with retirement enrollment and pension benefits related issues. The role involves providing analytical and technical support for retirement benefit programs and managing assigned projects to ensure smooth administration of group plans.

BroadcastingInformation ServicesMedia and EntertainmentNewsPublishingSocial Media

Responsibilities

Explains retirement benefit plan policies, procedures, and legal requirements to employee, retirees, and beneficiaries

Ensures retirement plans are administered in accordance with company, state, and federal guidelines and regulations

Ensure tracking and reporting of all payouts by custodian is accurate and up to date

Support annual audit and pension valuation in providing information requirements in a timely fashion

Assist in special projects including data entry, preparation of correspondence to members

Conducts pension and benefits-related calculations and analysis including withdrawal of contributions, and deferred retirement

Check monthly benefit payments made to retirees and beneficiaries

Solve complex problems efficiently, leveraging existing tools and processes whenever possible

Monitor and coordinate the various providers/administrators

Responsible for the administration of the 401(k) and pension benefit plans in accordance with plan documents, federal and state laws, to include the interpretation of benefit programs and procedures for all plans

Researches and recommends appropriate benefits plans and services based on data analysis

Acquires and distributes relevant information and documentation to plan participants and beneficiaries

Develops and maintains records of participants and beneficiaries including active, deferred, retired, and separated members

Serves as a liaison between beneficiaries and participants and the plan administrator, handling or facilitating requests for contribution adjustments, refunds, and other administrative changes

Maintains knowledge of legal and regulatory changes, trends, and other developments affecting retirement benefits

Works with internal staff and external vendors to arrive at resolution

Respond to retirement or pension related employee inquiries, research issues, and summarize trends

Evaluate and revise internal processes to reduce costs and increase departmental efficiency

Support M&A activity during due diligence and implementation

Maintains employee confidential records while adhering to legal requirements

Perform special projects and other duties as assigned

Conducts group benefits presentations for and/or individual interviews with employees regarding retirement and pension options

Assists with open enrollment

Qualification

Retirement benefits knowledgePension benefits knowledgeExcel proficiencyMicrosoft Office SuiteProject managementInterpersonal skillsCommunication skillsOrganizational skillsAttention to detailTime management