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Arrow is looking for a Retirement Benefits Analyst to join the Americas compensation and benefits team. The Retirement Benefits Analyst is responsible for supporting the administration of Arrow’s qualified and non-qualified retirement plans in the US and Canada. This role will act as a subject matter expert with federal, state and local laws impacting retirement programs and will assist with compliance in all regulatory requirements, including government filings (eg. Form 5500), and satisfy internal and external audit requirements.
Job Responsibility:
Research, analyze, evaluate, and administer Arrow’s qualified and non-qualified retirement plans
Serve as backup for the administration of Arrow’s Supplemental Executive Retirement Plan (SERP)
Review and audit employee and Arrow contributions from Payroll on a weekly basis
Collaborate with the payroll team to reconcile contributions and post funding to the recordkeeper
Audit retirement plan eligibility and participant data
Monitor and audit loan data to ensure adherence to terms and compliance with regulatory requirements
Perform secondary reviews of additional calculations and system entries as needed
Handle escalated retirement benefit inquiries in a timely manner
Serve as a point of contact for plan audits, SOX compliance and SEC reporting
Support the completion of IRS Form 5500 and other required notices and filings
Serve as a liaison with plan recordkeepers, retirement committee, trustees
Update Summary Plan Descriptions and applicable administrative process documents
Prepare plan participant communications as needed
Interpret, review and update plan policies and procedures
Identify and implement process improvements
Lead special projects as needed (e.g., plan design updates, system conversions, enhancements, acquisitions)
May assist with health & welfare benefits as needed
Requirements:
Advanced Microsoft office skills, including Word, Excel, and PowerPoint
Proficient use of HRIS systems (Workday preferred) and benefits related web applications
Proven client relationship skills with internal and external stakeholders
Ability to collaborate well and work effectively as a team member or a project lead
Ability to manage several projects simultaneously with competing deadlines in a fast paced, dynamic environment
Strong organizational skills
Ability to keep highly sensitive human resources and compensation information confidential
Nice to have:
Bachelor’s Degree in HR, Finance, Business Administration/Management
Knowledge of industry and competitive market
US and Canada retirement experience
What we offer:
Medical, Dental, Vision Insurance
401k, With Matching Contributions
Short-Term/Long-Term Disability Insurance
Health Savings Account (HSA)/Health Reimbursement Account (HRA) Options
Paid Time Off (including sick, holiday, vacation, etc.)
Tuition Reimbursement
Growth Opportunities
Discounted RTD Passes
On-site Café with Catering Option for Busy Lifestyles
24/7/365 On-site Gym and Lockers, Free for Use to All Employees