Senior Retirement Benefits Analyst

Date: May 4, 2021

Location: Erie, PA, US, 16530

Job requisition: 23145
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Division or Field Office:

Human Resources Division

Department of Position: Total Rewards Department 

Work from:

Corporate Office in Erie, PA

 

At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies.  Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.  To attract and retain the best talent, we reward our team members with competitive salaries and a very generous benefits package.

 

Position Summary

Conducts operational analyses and financial planning activities to provide financial forecasts, cost reporting and utilization metrics for the department. Serves as a liaison to all functional areas within the department to conduct statistical collection, integration and quality standards measurement of Employee benefits data, including health and welfare, wellness, absence management and recognition programs. Establishes policies and procedures to support new or existing departmental technological/electronic cost tracking and reporting requirements.

 

Additonal Summary:

The position will focus on:

  • Assists in the design and administration of ERIE’s qualified and non-qualified retirement plans
  • Assists in the coordination of pension actuarial reporting, audits (internal and external), compliance filings, monthly reporting, internal controls and other reporting
  • Assists in the preparation of reports and presentations related to ERIE’s retirement plans for committees of the Board of Directors and members of executive and senior management

Preferred qualifications and experience include:

  • Bachelor’s degree in accounting, actuarial science, finance or related field
  • Previous experience with pension and 401k plans or administering employee retirement programs
  • Experience in training and development of staff
  • Familiarity with third party vendor retirement plan administration solutions

 

The Hiring Manager will also consider candidates for Benefits Analyst (Retirement) II.  Level of position offered will be based upon the depth and breadth of selected candidate’s experience and qualifications.  

Duties and Responsibilities

  • Provides complex analytical support for Employee benefit programs. Advises management and Employees on benefits plans and policies.
  • Develops, implements and maintains appropriate financial and statistical models to provide forecasted and actual cost results and related performance measures that quantify the company's tactical and strategic Employee benefit initiatives. Gathers, analyzes, organizes and updates key department metric reports and related data, including benefit investment/utilization, cost tracking and projections, demographic profiles and total rewards investments.
  • Develops strategic total rewards plans. Creates and maintains work plans for assigned projects. Prepares status reports, briefings, proposals, time reports and other control documents. Prepares presentations for management as required.
  • Performs quantitative analyses to evaluate current benefit strategies, plan utilization and costs. Analyzes, defines and monitors external benchmark group and key performance metrics to trend the company's benefits programs performance in comparison to key competitors. Participates in and coordinates local, regional and national surveys. Monitors available survey sources and recommends participation as appropriate. Analyzes survey results.
  • Key contributor in developing and maintaining vendor relationships. Works with other departments and outside vendors to develop, administer and implement various benefits programs.
  • Maintains an in-depth knowledge of the department's systems and related software. Responds to inquiries and resolves problems. Collaborates with human resource information systems (HRIS) technical personnel and departmental users that develop, update and perform ongoing maintenance of statistical collection and recording systems and related procedures. Evaluates the impact on the integration of data. Develops and runs queries and special reports. Provides information to internal and external customers as required.
  • Develops standards for user-conducted data maintenance to ensure correctness and completeness of information. Ensures that data control processes adhere to data quality standards, policies and procedures. Measures and reports error frequency as required. Participates and provides oversight to data control activities related to new systems development projects within the department. Ensures appropriate data controls and verifies integrity of migration process.
  • Assists in training and development of less experienced staff, including those new to role. Serves as a resource to other section Employees.
  • Participates on cross-functional teams relating to strategic benefit initiatives. Participates in related training, projects and initiatives as required.
  • Duties and Responsibilities (cont'd if applicable)

    The first four duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.

     

    This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.

    Competencies

    Ability to Manage Complexity
    Interpersonal Communication
    Job-Specific Knowledge
    Planning And Organizing
    Presentation Skills
    Problem Analysis
    Using Tables And Graphs
    Decision Making
    Developing And Maintaining Relationships
    Proofing Text And Numbers
    Service Orientation

    Qualifications

    The minimum education and experience requirements are as follows:

    • Bachelor's degree in human resources or related field and five years of human resources, benefits or financial analysis experience; or
    • Associate's degree in human resources or related field and seven years of related human resources, benefits or financial analysis experience; or
    • High School diploma or GED and nine years of related human resources, benefits or financial analysis experience, required.

    In-depth knowledge of benefits and benefits-related laws required. Proficiency with Windows, report writing, spreadsheet, presentation, word processing and human resources database systems required. Strong knowledge of human resources required. Professional certification, such as CBP, CEBS or PHR or SPHR preferred.

    Physical Requirements

    Lifting 0-20 lbs; Occasional (<20%)
    Lifting 20-50 lbs; Occasional (<20%)
    Lifting Over 50 lbs; Occasional (<20%)
    Driving; Rarely
    Pushing/Pulling; Occasional (<20%)
    Manual Keying/Data Entry; Often (20-50%)
    Climbing; Rarely


    Nearest Major Market: Erie

    Job Segment: HR, Information Systems, Compensation, Database, Actuarial, Human Resources, Technology, Insurance