Savings Analyst Senior

Benefits & Savings Analyst Senior

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. As a member of Munich Re’s US operations, we offer the financial strength and stability that comes with being part of the world’s preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

Future focused and always one step ahead!

The Benefits & Savings Analyst Senior manages the daily administration and compliance of the Company’s retirement savings plans, including the 401(k) and non-qualified plans. This position will also provide support for the administration of the health and welfare, and wellness plans, working closely with the HR team, external vendors, and internal stakeholders.

• Responsible for the daily operations of the Company’s 401(k) and non-qualified retirement plans, including, while ensuring compliance with ERISA, IRS and DOL regulations.
• Analyze and resolve complex benefits-related issues, including employee complaints.
• Act as a Subject Matter Expert for the HR Service Center and other internal stakeholders.
• Maintain relationships with external vendors, including recordkeepers and consultants.
• Maintain benefits-related documentation, including plan documents, summaries, and participant communications.
• Prepare communications to various audiences, including employees and senior leaders.
• Stay up-to-date on changes in applicable laws and regulations, and recommend retirement and savings plan design or policy changes to ensure compliance.
• Primary resource for internal and external audits, and support the preparation of the audited financial statements.
• Coordinate and oversee the completion of IRS Form 5500 filing, ACA 1095, Annual Funding Notice, PBGC filings, etc.
• Collaborate with the broader HR team and internal stakeholders, including IT, on projects and change requests.

• 10+ years progressive employee benefits experience, with a focus on retirement savings plans (401(k) and non-qualified plans)
• Strong knowledge of relevant laws and regulations, including ERISA, IRS, and DOL regulations
• Skilled in Microsoft Office (Excel, Word and Power point)
• Knowledge of Sharepoint is an asset
• Experience with HRIS, payroll and benefits administration systems and software (eg. Success Factors, SAP HR and Benefitfocus) preferred

Position calls for the following competencies:

• Ability to work in a fast-paced environment and prioritize multiple tasks and projects
• Excellent analytical, problem-solving, and communication skills
• Act as a resource, mentor and guide to team members
• Ability to understand and leverage technology to improve processes
• Lead/manage projects
• Demonstrated solid written and verbal communication skills
• Demonstrated ability to work with IT and HR Operations

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton location.

The base salary range anticipated for this position is $86,000- $127,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

The salary estimate displayed represents the typical salary range for candidates hired in this position in Princeton, NJ. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

Our…