Benefits Analyst - Retirement
Posted on: 19 Mar 2021
Houston, TX
Job Description
Essential Duties and Responsibilities
* Analyze and administer the day-to-day operation of the U.S. retirement programs, including 401(k) plan, NQDC plan, DB plan, and union retirement plans in accordance with plan documents and established procedures.
* Serve as the subject matter expert and point of contact for HR and the Benefits Service Center for all U.S. retirement plans.
* Reconcile and process the weekly payroll 401(k) and NQDC contribution funding. Review, analyze and resolve errors on the weekly interface files. Work closely with the HR Technology (HRT) team in the requirements set-up, changes, and maintenance of the various retirement plan interface files. Perform periodic system audits (weekly, monthly, quarterly, annually) of the retirement plans to ensure elections, payroll deductions, demographic data, and processes are running as expected.
* Maintain knowledge of government regulations to ensure plans stays in compliance with regulatory changes in a timely manner.
* Responsible for coordinating between both internal departments and external vendors the completion of reporting, disclosure and compliance requirements including:
1. Testing ADP/ACP non-discriminatory testing
2. Preparing government reporting 5500s
3. Annual employee notices SARs, SPD, SMMs, AFN, etc.
4. Internal audits and external audits
Education and Skills
* Bachelors degree in Human Resources or related field
* Minimum of 3 years experience with defined benefit, defined contribution and deferred compensation plans
* Knowledge of IRS compliance requirements for retirement plan functions,
* Intermediate Excel skills must have experience with VLOOKUPs and pivot tables
* Excellent planning and organizational ability to plan and prioritize work activities and multiple projects
* Ability to work independently, exercising sound judgement and decision-making skills
* Strong analytical skills as well as superior attention to detail and accuracy.
* Strong written and oral skills. Ability to effectively present information and respond to questions from employees and management.
* CEBS or CBP certification preferred.
National Oilwell Varco
Houston, TX
National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations. It also provides solids control and waste management equipment and services; drilling fluids; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; rope access inspection, instrumentation, and measuring and monitoring services; downhole and fishing tools; steerable technologies; hole openers; and drill bits.
The Completion & Production Solutions segment provides equipment and technologies for hydraulic fracture stimulation, including pressure pumping trucks, blenders, sanders, hydration units, injection units, flowline, and manifolds; well intervention, such as coiled tubing units, coiled tubing, and wireline units, as well as blowout preventers and tools; onshore production comprising fluid processing systems, composite pipes, surface transfer and progressive cavity pumps, and artificial lift systems; offshore production that include fluid processing systems, floating production systems, and subsea production technologies; and connectors for conductor pipes. The Rig Technologies segment offers substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; blowout preventers; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; and pipelay and construction systems.
It also provides spare parts, repair, and rentals, as well as remote equipment monitoring, technical support, field service, and customer training services. The company was founded in 1862 and is based in Houston, Texas.
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IndustryOil and Gas
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No. of Employees34,220
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Website
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Jobs Posted216
