Benefits Analyst, ILWU-PMA Contract Benefits
Under the general direction of the Vice President of ILWU-PMA Contract Benefits and in coordination with internal and external non-reporting resources, this position is responsible for financial and actuarial analysis associated with health and welfare benefits. Uses advanced analytical skills to assist in developing strategies relative to the broad array of retirement, health and welfare and similar programs funded and administered by the Association and some of which are jointly administered by the various unions with which it negotiates. In addition, this position assists in the administration of all bargained employee benefits with specific responsibility for the 401(k) Plan.
RESPONSIBILITIES include the following. Other duties may be assigned.
Gather benefits budgetary data, reconciliation and planning information during plan year. Analyzes and summarizes recommendations for budget forecasting, accruals, etc. Assist in the development of pricing strategies selection of healthcare delivery systems and the development of funding approaches that best suit the population independently and in conjunction with consultants
Review, understand and communicate the annual actuarial valuations; pension and welfare plans.
Participate in the analysis and the determination of benefit plans costs, contract costs, contribution rates; working with plans’ actuaries, plans’ consultants and management teams.
Prepare comprehensive analytic reports which identify cost drivers, improvement opportunities and actions to manage healthcare benefit costs.
Assist in the development of bargaining proposals for benefits and analyze union demands.
Work with the Associate Director and the BPO to assure compliance with provisions of ERISA, the ACA and review reports and applications required by law to be filed with federal and state agencies pertaining to benefits.
Ensure compliance with the 401(k) Plan thorough plan agreements.
Manage the relationship with the 401(k) plan recordkeeper and its other vendors; assist with the annual plan audit.
Coordinate updates to the 401(k) Plan SPD and assist with plan participant communications.
Manage the year end employer contributions, the non-discrimination testing.
Manage quarterly 401(k) committee meetings.
Evaluate and compare existing benefits with those of other Unions by analyzing other plans, surveys and other sources of information. Analyze results of surveys and assist in the development of specific recommendations for review by management.
Maintain positive relationships with the BPO, ILWU Benefit specialist and other Union officials, Plans consultants and vendors---
Assist with the implementation and the communication of all the benefit plans -
Assist with the oversight of the Benefit Plans Office, ensuring the compliance with government reporting disclosures, timely preparation of communication to plans participants.
Perform specific data analytic projects.
Business Acumen-Union Environment
QUALIFICATIONS, EDUCATION and/or EXPERIENCE
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
•Minimum of a BA of BS in Business, Accounting, Mathematics, Statistics or Finance required, Society of Human Resources Professional or Certified Benefits Specialist. 401(k) Plan knowledge and experience.
At least 7 to 10 years of related experience
• Understanding of FAS 87, 106, 112 and 158 analysis and valuations. Working knowledge of valuations, actuarial analysis, plan designs, vendor selection. Coverage/discrimination testing and strategy, asset/liability mix studies and investment consulting. Knowledge or ERISA Plans required.
Extensive knowledge of the design, funding, valuation, cost management and financial reporting aspects of retirement and/or health and welfare plans in union environments.
Knowledge of health care delivery and related economics.
Considerable knowledge of actuarial analysis.
Demonstrated success in health plans and defined benefits and defined contribution plans design, implementation and administration.
Experience having worked with a high-performance, collaborative, constructive peer group
Excellent verbal and written communication skills with exceptional attention to details
Personal integrity, credibility,
Ability to work collaboratively both internally and externally.
Must be a persuasive, credible and polished communicator with excellent interpersonal and multidisciplinary project skills.
Proficient in using technology as a management reporting tool and experience working with information technology staff to develop and implement program models.
Ability to exercise good judgment and discretion, especially with regards to sensitive and confidential organizational matters.
Extensive and excellent computer skills and experience using document management system, and software tools including Microsoft Office applications (Word, Excel, Outlook and PowerPoint). . Ability to use software tools to present data clearly and concisely.
Some in country travel maybe required.
The work environment is that of a typical office setting and can be very hectic at times, particularly when meeting deadlines. The office is located in downtown San Francisco within easy walking distance of public transportation and the retail center of the city.
Internal Candidates should apply to: firstname.lastname@example.org
External candidates should apply to: https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=96bd3008-afd4-4cdb-9b73-197ba8ce3056&jobId=244499&lang=en_US&source=CC3&ccId=19000101_000001