Benefits Analyst II
Job Posting for Benefits Analyst II at Entergy
Posting End Date:
*This position may be filled in New Orleans, LA; Hammond, LA; Jackson, MS; or Woodlands, TX*
JOB SUMMARY/PURPOSE:
At Entergy, We Power Life. We are dedicated to providing safe, affordable and reliable power to our customers and communities. Our work matters. We deliver electricity to 2.9 million utility customers across 4 states. We own and operate power plants with approximately 30,000 megawatts of electric generating capacity, including about 8,000 megawatts of nuclear power.
The Pension team is a part of our Total Rewards department in Human Resources. Here in Total Rewards, #WePowerLife for our employees by designing and administering attractive and competitive compensation and benefits programs. And we work hard to deliver value to the organization that enables our evolution to become the Premier Utility!
As a member of the pension team, you will work with a team of other highly qualified co-workers who provide governance and oversight for Entergy’s Pension programs. This team is responsible for the planning, design, evaluation, project management, vendor oversight and administration of pension programs that deliver an employment value proposition that recruits, retains and drives performance.
JOB DUTIES/RESPONSIBILITIES:
(This is a representative list of the general duties the position may be asked to perform, and is not intended to be all-inclusive):
- Identify, evaluate and implement long-term strategies that deliver premier people-cost management.
- Assists with program governance. Oversees execution of SOX testing.
- Works with auditors, reviews 10K, 10Q, Form 5500's, etc. Reviews and provides data for 5500 Forms, SAS -70, 10K/Q, EBC reports, management representation letter, etc.
- Reviews and updates department procedures, SPDs, SMMs, etc. as needed. Ensures legal compliance.
- Works with auditors as necessary to provide the information they need to monitor the accuracy of the plan administration.
- Sustains HR compliance and proactively mitigates risk through internal monitoring of operations and administration, including corrective action of any inadequate controls or failures identified.
- Rigorously monitors the regulatory and legislative landscape for impacts on compensation programs.
- Assists with managing vendor administration/relationships and works with vendors, as well as Entergy IT throughout the year to support various programs.
- Develops and revises HR administrative procedures and policies when applicable.
- Reads, understands, and is able to interpret Plan Documents terms for complex defined benefit plans sponsored by Entergy and is able to apply those terms to support accurate administration of the Plans.
- Reviews calculations (manual and automated) performed by vendors on a regular basis to ensure they are performed in compliance with the terms of the Plan. Develops and implements corrective action as necessary.
- Regularly reviews vendor business requirements and assists with updating them as needed. Supports testing of vendor's systems when modifications are necessary to support accurate administration.
- Delivers premier people cost management by providing support to rate case testimony and requests for information (RFIs) as needed.
- Supports contract negotiations as needed and coordinates required benefit changes as necessary.
- Supports M&A work as directed.
- Coordinates required disclosures and general DB plan employee education/communications as directed.
- Provides oversight and guidance to HR Operations to ensure accurate and timely transmission of data to vendor.
- Conducts training for HR Operations employees and Entergy Pension Resource Center (vendor call center) employees to ensure their ability to provide customer support.
- Assists vendor with escalated/difficult participant issues. Assists with claims and appeals process.
- Engages in key HR & Total Rewards initiatives (OHI, DIBs, volunteerism, H&S)
MINIMUM REQUIREMENTS:
Minimum education & required of the position
- Benefits Analyst II - Bachelor’s degree in Human Resources, Business Administration, Finance or related field 2 years of experience OR in lieu of a degree 3 years of experience in Human Resources, Business Administration, Finance or related field
Minimum knowledge, skills, and abilities required of the position
- Customer Centricity: Anticipates and meets the needs of both internal and external customers. Delivers high-quality products and services; is committed to continuous improvement
- Continuous Improvement: Always looks for better ways, small or large, to improve programs or processes – and acts on those opportunities.
- Technical Credibility: Understands and appropriately applies principles, procedures, requirements regulations and policies related to compensation. Intermediate knowledge of Microsoft Office products and working knowledge of HR management systems, queries and system reports.
- Creativity & Innovation: Develops new insights into situations; questions conventional approaches; encourages new ideas and innovations; designs and implements new or cutting-edge program or processes
- Flexibility: Is open to change and new information; rapidly adapts to new information, changing conditions, or unexpected obstacles.
- Partnering: Develops networks and builds alliances; collaborates across boundaries to build strategic relationships and achieve common goals.
- Communication: Makes clear and convincing oral presentations. Listens effectively; clarifies information as needed. Writes in a clear, concise, organized, and convincing manner for intended audience.
- Accountability: Ability to work with minimum supervision as well as with a team. Holds self and others accountable for measurable high-quality, timely and cost-effective results. Determines objectives, sets priorities and delegates work. Accepts responsibility for mistakes.
- Project Management: Knowledge of the principles, methods, or tools for developing, scheduling, coordinating, and managing projects and resources, including monitoring, and inspecting costs, work, and contractor performance.
- Problem Solving: Able to work on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgement in selecting methods and techniques for obtaining solutions. Develops alternatives to accomplish work group objectives.
Any certificates, licenses, etc. required of the position
MBA, CPA, QPA, CEBS or similar designation desired.
#LI-DNP
Primary Location: Mississippi-Jackson
Job Function: Professional
FLSA Status: Professional
Relocation Option: No Relocation Offered
Union description/code: NON BARGAINING UNIT-NBU
Number of Openings: 1
Req ID: 106689
Travel Percentage:Up to 25%
Job Function: Professional
FLSA Status: Professional
Relocation Option: No Relocation Offered
Union description/code: NON BARGAINING UNIT-NBU
Number of Openings: 1
Req ID: 106689
Travel Percentage:Up to 25%
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Salary.com Estimation for Benefits Analyst II in Jackson, MS
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