HR Specialist Retirement Benefit Administration
Company: PSEG
Location: Newark
Posted on: January 8, 2021
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Job Description:
Requisition ID: 64343 Job Function/Category: Human Resources
Employment Type: Exempt Full Time This is an exciting time to be
joining PSEG. Our commitments, which include safety, integrity,
customer focus, and diversity & inclusion, are the fabric of our
culture and help drive the success of our business. We are
fortunate to have an outstanding workforce of diverse and highly
skilled talent who move us forward in our operational excellence
journey. PSEG has more than 12,000 employees who are dedicated to
the communities we serve and embody our vision: People providing
Safe, Reliable, Economic and Greener Energy. Job Summary This
position is responsible for the ongoing administration of the
company's Defined Benefit, Defined Contribution, and VEBA Plans.
Responsibilities include, but are not limited to operational tasks
associated with delegating work among vendor resources to implement
plan changes, lead internal and external audits, research and
resolve participant escalated issues, ongoing audit/reconciliation
of vendor processes, review benefit calculations, design/update
participant communications, management of special projects, monitor
vendor service levels, and ensure all activities are in compliance
with plan provisions, administrative requirements, and government
regulations. Job Responsibilities ---Directs all aspects of the
day-to-day administration of the company's Defined Benefit, Defined
Contribution and VEBA Plans, including oversight of outsourced
vendors to resolve escalated issues, implement plan changes and
improvements, and monitor service levels. Identifies, analyzes, and
implements process improvements. Performs weekly reconciliations of
HRIS and vendor data to ensure data integrity, and partners with
the applicable internal or external stakeholders to resolve any
discrepancies ---Lead the weekly/biweekly weekly vendor calls to
ensure that all items related to ongoing issues, implementation,
and process changes are being addressed within identified timelines
---Develop participant communications (i.e., Summary Materials
Modifications etc.) regarding regulatory and/or plan changes
---Conducts research on employee benefit appeals, develop
presentations, and present to Employee Benefits Committee. Research
and develop presentations related to regulatory and/or plan changes
---Leads on behalf of the Benefits Department, annual Form 5500
audits and filings, Nondiscrimination testing, PBGC filings, Annual
Funding Notice, Summary Annual Report, and annual fee disclosure
distribution ---Communicates with employees, retirees, internal
colleagues (i.e., HR, Payroll, Labor Relations etc.), and union
leaders to resolve escalated issues, and provide benefit education.
Point of contact for workflow items that need immediate resolution
within a specific timeframe. Serve as liaison between internal and
external customer service centers ---Reviews and update Summary
Plan Descriptions in accordance with plan changes, and
administrative requirements. This also includes ongoing review of
plan documentation and requirements for outsourcing vendors to
ensure consistency with plan provisions and regulatory requirements
Job Specific Qualifications Other Basic Qualifications
Requirements: ---Bachelor's Degree Required or 7 years related
professional experience in lieu of a degree. ---3-5 years of
Defined Benefit and/or Defined Contribution Experience ---Health &
Welfare experience a plus ---Advanced system skills/knowledge in
Excel ---Intermediate Microsoft Word and PowerPoint skills
---Strong analytical skills and superior attention to detail
---Experience in data management and reconciliations ---Demonstrate
strong organizational skills and the ability to work in both a team
environment and individually ---Ability to interpret plan
provisions from plan documents, summaries of plan provisions or
other related plan materials ---Self-motivated individual that
ensures final work products are of high quality and provided in a
timely fashion ---Ability to balance and prioritize multiple
projects at one time ---Knowledge of Defined Benefit and/or Defined
Contribution Plans, programs, policies and procedures. ---Ability
to understand detailed pension benefit calculations ---Strong
Understanding of ERISA, PPA, SOX regulations and social security,
as related to pension and 401(k) plans ---Strong interpersonal
skills, including written and oral communication skills ---Ability
to work cross-functionally, partnering with other departments and
lines of business (e.g., IT, Payroll, Legal, Finance etc.)
---Ability to present to all levels in the organization
---Experience working with Collective Bargaining Units Disclaimer
Certain positions at the Company may require you to have access to
Part 810-Controlled Information. Under the law, the Company is
limited in who it can share this information with and in certain
circumstances it is necessary to obtain specific authorization
before the Company can share this information. Accordingly, if the
position does require access to this information, you must complete
a 10 CFR Part 810 Export Control Compliance Nationality Request
Form, a copy of which will be provided to you by Talent Acquisition
if an offer is made. If there is a need for specific authorization,
due to the time it takes to obtain authorization from the
government, we will likely not be able to further proceed with an
offer. As an employee of PSE&G or PSEG Long Island, you should
be aware that during storm restoration efforts, you may be required
to perform functions outside of your routine duties and on a
schedule that may be different from normal operations. This site (
http://www.pseg.com ) is strictly for candidates who are not
currently PSEG employees. PSEG employees must apply for jobs
internally through empower which can be accessed through the mypseg
homepage by clicking on the employee center tab, then under the
empower header, choose careers. Business needs may cause PSEG to
cancel or delay filling position at any time during the selection
process. Certain positions at the Company may require you to have
access to Part 810-Controlled Information. Under the law, the
Company is limited in who it can share this information with and in
certain circumstances it is necessary to obtain specific
authorization before the Company can share this information.
Accordingly, if the position does require access to this
information, you must complete a 10 CFR Part 810 Export Control
Compliance Nationality Request Form, a copy of which will be
provided to you by Talent Acquisition if an offer is made. If there
is a need for specific authorization, due to the time it takes to
obtain authorization from the government, we will likely not be
able to further proceed with an offer. Public Service Enterprise
Group (PSEG) is an equal opportunity employer, dedicated to a
policy of non-discrimination in employment, including the hiring
process, based on any legal protected characteristic. Legally
protected characteristics included, race, color, religion, national
origin, sex, age, marital status, sexual orientation, disability,
or veteran status or any other characteristic protected by federal,
state, or local law in locations where PSEG employs individuals.
Need to request an accommodation? If you have a disability and need
assistance submitting your resume, applying for a position or
registering for a test, please call 973-430-3845. Any information
provided regarding a disability will be kept strictly confidential
and will not be shared with anyone involved in making a hiring
decision. Nearest Major Market: Newark Nearest Secondary Market:
New York City Job Segment: HR, Law, Compliance, Payroll,
Information Systems, Human Resources, Legal, Finance,
Technology
Keywords: PSEG, Newark , HR Specialist Retirement Benefit Administration, Human Resources , Newark, New Jersey
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