ATTENTION MILITARY AFFILIATED JOB SEEKERS- Our organization works with partner companies to source qualified talent for their open roles. The following position is available toVeterans Transitioning Military National Guard and Reserve Members Military Spouses Wounded Warriors and their Caregivers. If you have the required skill set education requirements and experience please click the submit button and follow the next steps. Unless specifically stated otherwise this role is On-Site at the location detailed in the job post.
Challenging. Meaningful. Life-changing. 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 high-achieving teams. 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 execution administration and operational communications of Bristol-Myers 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 day-to-day 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 ad-hoc 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) Third-Party 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 non-qualified 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 non-discrimination 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.
Required Experience:
Senior IC
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