Sr. Benefits Analyst (ID:46633)

This dynamic role, will manage and optimize U.S. retirement plans, including 401(k), ESPP, Pension, Restoration, Non-Qualified, Pension benefits, and deferred compensation, and ensure compliance and efficiency. You'll collaborate with vendors, lead benefits communications, and drive strategic enhancements to support a competitive total rewards strategy.

Worksite Location : Onsite 5 days a week in Minneapolis

Salary Range: $115,000 - $125,000 10% bonus

Roles & Responsibilities

• Manage all aspects of the 401(k) plan, including annual nondiscrimination testing, match true-up reconciliation, and auto-increase enrollment.
• Responsible for overseeing the efficient and effective administration of the company's global ESPP for 4,000 employees. This includes but is not limited to writing and distributing communications and ensuring proper system set-up.
• Facilitate the Deferred Compensation Plan's monthly reconciliation and annual open enrollment process.
• Coordinate the annual pension funding communication and various pension projects as assigned.
• Participate in the Benefits Finance Committee and Benefits Plans Committee.
• Benchmark retirement benefits (e.g., 401(k) match, basic contribution, and ESPP in new countries) to enhance our total rewards strategy.
• Oversee the U.S. retiree medical program, including partnering with vendors on annual plan design, rate renewals, and data accuracy.
• Primary subject matter expert on benefits Workday module. Manage the relationship with HRIS and Payroll as it relates to Workday. This includes reviewing, testing, monitoring interfaces with benefits vendors, and maintaining accurate employee data.
• Responsible for the acquisition process as it relates to benefits. This includes cost analysis and modeling, termination of existing benefit plans, onboarding, communications, Workday set-up, 401(k), and onsite assistance.
• Ensures all employee benefit plans, programs, and practices remain legally compliant by coordinating various retirement audits and annual valuations within the pension plan. Collaborates with external legal counsel on Plan Documents, SPDs, and Form 5500s (401(k)), and SARs distribution.
• Proactively develop and distribute benefit communication and education materials to enhance employee understanding.
• Provide mentorship, work direction, and training to less experienced Total Rewards team members.
• Handle complex escalated benefits inquiries for employee questions on the HR phone line and email to ensure quick and accurate resolution.
  
  

Required Skills & Experience

• Bachelor's degree in business, human resources or related field.
• 5 years of benefits analysis/administration experience.
• Previous experience with HRIS / Payroll systems (Workday preferred).
• Broad understanding of employee benefit practices (ERISA, health and welfare, and retirement benefit plans, processes, and administration, including financial analysis).
• Exceptional communication and organization skills with a commitment to accuracy and detail.
• Excellent customer service orientation, adaptable to change, team player, self-directed, and ability to manage multiple projects and deadlines simultaneously.
• Ability to handle confidential employee information with discretion and exercise sound judgment
  
  

About Versique

Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.

Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.

We believe people are more than just resumes—they are transformative, unlocking the potential for organizational growth and success.

Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.

Let's find your people, together.

Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.