Retirement Plans Analyst

This job is no longer active. View similar jobs.

POST DATE 8/23/2016
END DATE 10/20/2016

Sidley Austin LLP Chicago, IL

Company
Sidley Austin LLP
Job Classification
Full Time
Company Ref #
3478
AJE Ref #
575960770
Location
Chicago, IL
Experience
Mid-Career (2 - 15 years)
Job Type
Regular
Education
Bachelors Degree

JOB DESCRIPTION

APPLY
MORE INFORMATION ABOUT THIS JOB:

OVERVIEW:

The Retirement Plans Analyst assists the Retirement Plans Manager with matters pertaining to the design, compliance and administration of the Staff Retirement Plans and two nonqualified plans.

RESPONSIBILITIES:

* Primary contact for routine participant inquiries regarding the Staff Retirement Plans including plan features, benefits and procedures; when appropriate, escalate inquiries to Retirement Plans Manager or Director of Retirement Plans.

* Present general Staff Retirement Plans and 401(k) Plan information at new hire orientation;

* Generate and review benefit statements that are provided to participants upon separation from service or upon request;

* Provide benefit estimates, upon request, for employees considering retirement;

* Speak with exiting and retiring employees, explain timing and forms of benefit payment and benefit election procedures;

* Generate and review benefit amounts and distribution election forms and process benefit payments;

* Reconcile monthly Northern Trust reports;

* Reconcile Staff Plan payments and nonqualified Supplemental Plan payments monthly;

* Conduct PeopleSoft review of plan participation and beneficiary designation data; answer questions regarding beneficiary designations;

* Work with Sidley s Insurance Department to annually reconcile participant disability periods from MetLife, Unum and PeopleSoft reports;

* Annually generate and review service for rehired participants and temporary employees who become participants;

* Generate and review annual statements for active partner participants in the Staff Plans;

* Assist with other staff retirement plans matters, such as qualified domestic relations orders, death benefit payments, IRS determination letter applications, and Form 5500 filings;

* Generate benefit amounts for a nonqualified plan and journalize the payments;

* Correspond with vendors

* Assist with plan communications and compliance notices;

* Assist with ad-hoc reports and analysis;

* Help to develop internal control and data reconciliation procedures for Department;

* Update procedures in Retirement Plans Department Procedure Manual; and

* Work on special projects as assigned



QUALIFICATIONS:

Qualification Requirements: To perform this job successfully, an individual must be able to perform the Duties and Responsibilities (Duties) above satisfactorily and meet the requirements below. The requirements listed below are representative of the minimum knowledge, skill, and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation, please email staffrecruiting@sidley.com (current employees should contact Human Resources).

Education and/or Experience:



Education and/or Experience:



Required:

* Bachelor s degree

* A minimum of 3-5 years of experience in Retirement Plans administration

* Familiarity with the principles of retirement systems administration/management and processes, including compliance requirements under the Internal Revenue Code and ERISA, and relevant legislation

* Proficiency in Microsoft Office products, including Word, Outlook and Excel



Preferred:

* Experience working with PeopleSoft or other databases

* Qualified Pension Administrator (QPA) credential from ASPPA or similar qualified retirement plan certification/training

* An understanding of basic accounting terminology



Other Skills and Abilities:

The following will also be required of the successful candidate:

Strong organizational skills

Strong attention to detail

Good judgment

Strong interpersonal communication skills

Strong analytical and problem solving skills

Able to work harmoniously and effectively with others

Able to preserve confidentiality and exercise discretion

Able to work under pressure

Able to manage multiple projects with competing deadlines and priorities





Sidley Austin LLP is an Equal Opportunity/Affirmative Action Employer