Senior Consultant Analyst Benefit Operations Retirement Plans
Senior Consultant Analyst Benefit Operations Retirement Plans
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Job Description
Working with Us
Challenging. Meaningful. Lifechanging. Those arent words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here uniquely interesting work happens every day in every department. From optimizing a production line to the latest breakthroughs in cell therapy this is work that transforms the lives of patients and the careers of those who do it. Youll get the chance to grow and thrive through opportunities uncommon in scale and scope alongside highachieving teams rich in diversity. Take your career farther than you thought possible.
Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits services and programs that provide our employees with the resources to pursue their goals both at work and in their personal lives. Read more: Summary
We are seeking a highly skilled Retirement Professional with a focus on 401(k) savings and retirement plan management. This position will play a crucial role in ensuring the efficient administration compliance and optimization of our 401(k) program. It offers a unique opportunity to contribute to the financial wellbeing of our employees while working in a dynamic and collaborative environment.
Operational responsibilities include but are not limited to the operations administration and operational communications of BristolMyers Squibb (BMS) benefits including the 401(k) plan Benefits Equalization Plan (BEP) and other retirement programs. Responsibilities include managing the implementation of new and modified 401(k) savings and retirement plans covering processes procedures change management system requirements vendor requirements and documentation. The position is also responsible for handling daytoday operational activities ensuring effective plan design implementation streamlining processes and maintaining adherence to regulatory and compliance requirements. Additionally the role requires addressing solutioning and resolving vendor issues Tier 2 inquiries escalations adhoc inquiries as well as ensuring the timely completion of audit requests and providing necessary information for compliance audits contract management and governance.
This role will partner closely with Total Rewards Strategy and Service Delivery Management Partners People Services Capability Center teams (including Payroll) ThirdParty Vendors Legal the Corporate Secretarys office Compliance and Finance.
This position is integral to maintaining the integrity and efficiency of our retirement programs ensuring they meet the needs of our employees and comply with all regulatory requirements. If you are a dedicated professional with a passion for retirement plan management we invite you to join our team and make a meaningful impact on the financial future of our workforce.
Essential Functions
Subject matter expert for all US/PR qualified and nonqualified savings and retirement plans operations and regulatory environment.
Accountable for the delivery of excellent customer experience and monitoring trends and issues that may impact the employee experience with the plan. Manages the operations and administration of the BMS US/PR Savings and Retirement Plans including contributions distributions loans withdrawals vesting payroll deductions statutory and legal filings coordinating with finance tax legal internal and external auditors and applicable vendors.
Ensures robust controls are embedded in each process and operating as designed; supports the implementation and adherence to SOX controls and compliance audit activities as needed ensures compliance for all plan documents and statutory requirements related to benefits savings and retirement plans and programs operations.
Actively participates in the audit process and fulfils regulatory reporting requirements including the nondiscrimination testing blackout restrictions and relevant financial reporting.
Liaises with third party vendor partners payroll and other teams to promptly resolve operational and systems issues.
Documents and deploys processes for savings and retirement plan operations and service support with process improvement and customer experience focus.
Participates in the design development testing and implementation of websites enrollment tools and other content and communication.
Responsible for development of functional requirements for savings and retirement plan integrations (files) between HR system payroll system benefits systems ensuring data files are accurate.
Operationalizes the annual BEP/savings elections annual additional savings contributions file etc.
Acts as point of contact for escalation and resolution of Tier 2 queries plan interpretation and appeals.
Responsible for ensuring internal processes are documented and updated versions are maintained.
Responsible for ensuring Knowledge Articles are updated and provide recommendations for content articles to resolve common questions.
Supports communicating change and develops and delivers ongoing learning/development of functional expertise of the extended People Services teams.
Collaborates with Benefit Operations teams in the implementation and standardization of operational changes reports and interfaces to reduce costs and improve efficiency and client satisfaction.
Experience Preferred
57 years experience in human resources service delivery within operational/administrative areas in a highly matrixed shared service environment strongly preferred.
5 years of experience overseeing retirement plan administration with a focus on 401(k) savings plans.
Strong knowledge of ERISA IRS regulations DOL guidelines and other relevant compliance standards.
Experience working with thirdparty administrators recordkeepers and investment managers.
Demonstrated deep functional knowledge of US Savings and Retirement programs trends best practices and recent legislative and other changes required. Additional experience in PR preferred.
Strong working knowledge and understanding of SOX controls as they relate to US Savings 401(k) plans operations and administration. Additional experience in PR preferred.
Experience with system integrations reporting requirements and specifications to maximize integration process efficiencies strongly preferred.
Demonstrated ability to influence stakeholders at all levels in the organization preferably in a highly matrixed organization.
Demonstrated analytical abilities attention to detail and the ability to successfully manage multiple competing tasks and priorities.
Experience coordinating large project plans using relevant tools and strong organization skills.
Knowledge and understanding of process flows mapping and relevant tools.
Ability to work independently as well as collaboratively within internal and external team environments.
Advanced/expert level MS Excel required.
BS BA or graduate degree in business or equivalent experience.
Ideal Candidates Would Also Have:
Experience working with: Workday ServiceNow ADP and vendor management.
Certified Employee Benefits Specialist (CEBS) or equivalent Industry designation preferred.
#LIHybrid
If you come across a role that intrigues you but doesnt perfectly line up with your resume we encourage you to apply anyway. You could be one step away from work that will transform your life and career.
Uniquely Interesting Work Lifechanging Careers
With a single vision as inspiring as Transforming patients lives through science every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in an inclusive culture promoting diversity in clinical trials while our shared values of passion innovation urgency accountability inclusion and integrity bring out the highest potential of each of our colleagues.
Onsite Protocol
BMS has a diverse occupancy structure that determines where an employee is required to conduct their work. This structure includes siteessential sitebydesign fieldbased and remotebydesign jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Siteessential roles require 100 of shifts onsite at your assigned facility. Sitebydesign roles may be eligible for a hybrid work model with at least 50 onsite at your assigned facility. For these roles onsite presence is considered an essential job function and is critical to collaboration innovation productivity and a positive Company culture. For fieldbased and remotebydesign roles the ability to physically travel to visit customers patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application or in any part of the recruitment process direct your inquiries to . Visit to access our complete Equal Employment Opportunity statement.
BMS cares about your wellbeing and the wellbeing of our staff customers patients and communities. As a result the Company strongly recommends that all employees be fully vaccinated for Covid19 and keep up to date with Covid19 boosters.
BMS will consider for employment qualified applicants with arrest and conviction records pursuant to applicable laws in your area.
If you live in or expect to work from Los Angeles County if hired for this position please visit this page for important additional information: data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.
Required Experience:
Senior IC
Employment Type
Full-Time
