Retirement Benefits Senior Associate - Secaucus

Job description

The Retirement Benefits Senior Associate works within Ernst & Young's partner retirement payroll/retirement function and completes calculations of current and projected pension benefits, which includes financial and data analyses and maintenance.

 
Essential Functions of the Job:

· 
Maintain and support the 401(k) data base located on the PNN (Partner News Network), calculate and contribute partners' year-end 401(k) contributions and catch-up contributions, and answer all partners 401(k)-related questions. 

· 
Communicate to third party vendors via a monthly file all life events regarding health and welfare matters for retired/withdrawn partners.  

· 
Facilitate and provide direction to partners regarding health and welfare related-inquires received by partnership. Maintain the firm's partner retirement payroll/retirement function to make certain proper adjustments are made to pension payments; make all pension-related entries, and balance and issue payroll.

· 
Analyze and report on raw financial data by developing mainframe extracts, and writing programs and formulas.

· 
Calculate retirement pension benefits under various plans, which requires sound decision-making on plan options, actuarial tables and various discounts. 

· 
Communicate calculations and consult with Partners around pension questions and concerns.  

·  Research potential calculations errors with vendors.  
· 
Maintain the database with current personnel information used to calculate pension benefits.

·  Process retirement benefits and payroll elections independently.
· 
Write letters for communication of payroll changes, calculations, eligibility for pension, retirement, insurance, and other benefits.

· 
Communicate and interface with retiring partners, other personnel in the partnership group, internal departments with the national office, and external vendors.

· 
Provide assistance with special reports and projects, as requested.

· 
Expected to work independently with limited supervision.  May supervise day to day activity of an Associate.

Education:

BA degree in related discipline or equivalent work experience.
 
Experience:
 Approximately 2-5 years of related experience 

EY provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, in accordance with applicable law.