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Senior Benefits Analyst

Stanford University

in Redwood City CA

Stanford University is one of the world’s premier academic and research institutions, devoting tremendous intellectual and physical resources toward the betterment of humanity. As a major Silicon Valley employer, Stanford seeks people committed to excellence and to improving our world. In turn, the university is committed to supporting its employees as they develop their careers and enrich their lives.

University Human Resources is looking for a driven, adaptable, and highly collaborative individual to manage the complex and daily administration of the Stanford Contributory Retirement Plan (SCRP) and the 457(b) Plan.  The Senior Benefits Analyst will manage and review plan participant data and should be knowledgeable in resolving data discrepancies.  He/she will conduct retirement presentations and counsel faculty and staff on retirement program benefits.  Assisting with the Stanford Staff Retirement Annuity Plan (SRAP), our highly skilled Senior Benefits Analyst provides strong analytical and operational support. As a professional resource, our analyst delivers and maintains standardized solutions/services, responding to benefit plan support needs. The Analyst will be the key liaison between retirement vendors and the Director of Retirement Programs.

This position is located in our new Redwood City campus at 505 Broadway, Redwood City.  The department is unable to provide sponsorship.

JOB PURPOSE:

Independently manage and administer retirement benefit plans in compliance with federal regulations.   Manage and resolve daily data discrepancies, run daily data queries and resolve plan participant escalations in a timely manner.  Work well with internal departments in a retirement data intensive position.  Calculate and wire retirement contributions each pay period.  Ability to clearly communicate retirement benefits and conduct retirement presentations to staff, faculty and Retirement Programs Investment Committee (RPIC).  Maintain vendor relationships and oversee critical time-sensitive financial transactions.   Act as an expert resource, deliver and maintain standardized solutions/services and respond to benefit plan support needs.

CORE DUTIES:

  • Review and resolution of data discrepancies and plan participant escalations
  • Review of plan compliance; manage and complete compliance tasks; review appeals and make determinations.
  • Contracts management; external vendor interface and management. Meet with carriers and consultants; make independent decisions on plan operations as required.
  • Research and resolve complex plan participant benefit escalations.
  • Financial monitoring and reporting; coordinate information for Fringe budget management; coordinate data gathering for audits; oversight of benefit plan claims funding and premium payment.
  • Perform non-discrimination testing and manage annual plan audits.
  • Benefit plan communication evaluation, creation, review, and delivery.
  • Participate in the benefit plan renewal cycle including benefit plan strategy, financial analysis, decision support, and change management.

To be successful in this role, you will bring:

  • Bachelor’s degree and preferably eight years of relevant experience, or combination of education and relevant experience.
  • Working knowledge of Peoplesoft and Fidelity’s PSW system to identify and resolve data discrepancies.
  • Advance working knowledge of ERISA, COBRA, Internal Revenue Codes (as they apply to health and welfare plans), and other statues governing employer sponsored benefit plans.
  • Advance working knowledge of accounting functions including budget building and evaluation, employee contribution modeling.
  • Performed non-discrimination testing and manage annual plan audits
  • Reviewed and evaluated QDROs
  • Demonstrated experience with evaluating benefit plan documentation and benefit communication strategies, including composition, review and revision.
  • Working knowledge of Peoplesoft and Fidelity’s PSW system to identify and resolve data discrepancies.
  • Ability to quickly absorb and lean new concepts and new software programs.
  • Knowledge of insurance environment.
  • Strong presentation and public speaking skills.
  • Ability to transition between strategic big-picture and details of day-to-day operations.
  • Intermediate to expert level computer skills such as Microsoft Office (Outlook, Word, Excel, and PowerPoint).
  • Ability to constantly perform desk-based computer tasks. Frequently sitting. Frequently stand/walk, sitting, use a computer, use a telephone, grasp lightly/fine manipulation, occasionally twist/bend/stoop/squat, reach/work above shoulders, grasp forcefully, lift/carry/push/pull objects that weigh up to 20 pounds, writing by hand, sort/file paperwork, rarely kneel/crawl, occasional work on evenings and weekends.

Work Standards:

  • Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
  • Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
  • Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.

Why Stanford is for You

Imagine a world without search engines or social platforms. Consider lives saved through first-ever organ transplants and research to cure illnesses. Stanford University has revolutionized the way we live and enrich the world. Supporting this mission is our diverse and dedicated 17,000 staff. We seek talent driven to impact the future of our legacy. Our culture and unique perks empower you with:

  • Freedom to grow. We offer career development programs, tuition reimbursement, or audit a course. Join a TedTalk, film screening, or listen to a renowned author or global leader speak.
  • A caring culture. We provide superb retirement plans, generous time-off, and family care resources.
  • A healthier you. Climb our rock wall, or choose from hundreds of health or fitness classes at our world-class exercise facilities. We also provide excellent health care benefits.
  • Discovery and fun. Stroll through historic sculptures, trails, and museums.
  • Enviable resources. Enjoy free commuter programs, ridesharing incentives, discounts and more.

The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned..

Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.

How to Apply

Please submit your application at Stanford Careers using this link.


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