HR Specialist Retirement Benefit Administration

Company: PSEG
Location: Newark
Posted on: January 8, 2021

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