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Senior Retirement / Pension Administrator

Avnet, Inc

in Phoenix, AZ

Avnet, Inc.

Job Summary:

Responsible for design, implementation and administration of cost effective and regulatory compliant retirement plans, programs and policies which support organizational strategies and practices. Provides on-going consultation and develops processes and tools which facilitate the design, administration and management of strategic, compliant and effective plans and programs. Negotiate benefit coverage, services and costs with carriers and consultants/brokers. Activities may include the following as well as others:  

  • Consult with company leaders and Retirement Services Manager; recommend plan design changes and programs that support business strategies. 
  • Participate in special projects by providing technical and operational expertise.
  • Manage vendors, consultants and other third party administrators so as to maintain high levels of service and focus on process improvements that reduce cost, gain efficiency and improve participant service level.  
  • Operate as liaison between the company and pension system vendor; manage data and work with system vendor to implement programming updates. 
  • Develop and review employee communication materials including legally required notices (SARs, SMMs, and plan amendments).
  • Prepare and review pension benefit calculations for cash balance pension and nonqualified restoration plans.
  • Review and approve pension and restoration plan distributions and payment directives.
  • Participate in the 401(k) Plan administration; manage external vendor.
  • Coordinate and lead retirement plan audits with internal and external auditors, DOL, etc.
  • Resolve and respond to complex retirement plan issues
  • Support Retirement analyst and respond to inquiries from employees, beneficiaries, and retirees.
  • Work with internal partners to ensure accurate and timely response to employee and plan issues.

Skills:

  • Defined benefit (cash balance) and defined contribution pension administration experience
  • Working knowledge of all applicable benefit regulations ERISA/IRS
  • Possess intermediate skills using Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)
  • Experience using Workday, ADP, Fidelity software a plus
  • Large data file manipulation/systems experience
  • Outstanding customer service skills; effective communication skills both verbal and written
  • Ability to meet deadlines, strong attention to details, ability to self-check work
  • Ability to work effectively in a high volume environment subject to changing priorities and short deadlines
  • Enthusiastic attitude cooperative team player adaptable to new or changing circumstances sensitive to customer (employees, plan participants, beneficiaries etc.) needs.
  • Responsibly handle all confidential information

Education and Certifications:

  • Bachelor’s degree (finance, math, business, human resources or a related field) and 6-9 years of experience managing retirement plans.
  • Certified benefits profession desirable (ASPPA, NIPA, CEBS)

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills.
 
Avnet is an Equal Opportunity Employer committed to providing equal opportunities to all employees and applicants for employment without regard to race, color, religion, ancestry, national origin, sex (including pregnancy), age, marital status, sexual orientation, gender identity or expression, disability, veteran status, genetic information or any other characteristic protected by law. This policy of non-discrimination also applies to religious dress and grooming practices. Avnet will accommodate employee religious dress standards and grooming practices that do not result in undue hardship for the Company.  If you are interested in applying for employment with Avnet and need special assistance or an accommodation to apply for a posted position contact our Recruiting Department at (800) 882-8638, option 4 then option 3.

How to Apply

Apply online:

https://career8.successfactors.com/sfcareer/jobreqcareer?jobId=69552&company=Avnet&username=

#69552 Senior Retirement/Pension Administrator

 

Visit our web site.


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