Arrow Electronics

Compensation

Full Description

Position: Retirement Analyst Job Description: Arrow is looking for a Retirement Benefits Analyst to join the Americas compensation and benefits team. The Retirement Benefits Analyst is responsible for supporting the administration of Arrow’s qualified and non-qualified retirement plans in the US and Canada. This role will act as a subject matter expert with federal, state and local laws impacting retirement programs and will assist with compliance in all regulatory requirements, including government filings (eg. Form 5500), and satisfy internal and external audit requirements. What You'll Be Doing: Research, analyze, evaluate, and administer Arrow’s qualified and non-qualified retirement plans, either internally or through a partnership with outsourced service provider, in accordance with company policies and procedures. Serve as backup for the administration of Arrow’s Supplemental Executive Retirement Plan (SERP). Review and audit employee and Arrow contributions from Payroll on a weekly basis. Collaborate with the payroll team to reconcile contributions and post funding to the recordkeeper for applicable plans on a scheduled basis. Audit retirement plan eligibility and participant data. Resolve discrepancies as needed. Monitor and audit loan data to ensure adherence to terms and compliance with regulatory requirements. Perform secondary reviews of additional calculations and system entries as needed. Handle escalated retirement benefit inquiries in a timely manner. Serve as a point of contact for plan audits, SOX compliance and SEC reporting; support the completion of IRS Form 5500 and other required notices and filings related to Arrow’s retirement programs. Serve as a liaison with plan recordkeepers, retirement committee, trustees to ensure plans are administered in accordance with plan documents, established procedures and government regulations. Update Summary Plan Descriptions and applicable administrative process documents. Prepare plan participant communications as needed. Interpret, review and update plan policies and procedures to ensure standardization, legal compliance, and improved efficiency. Identify and implement process improvements in partnership with HR Technology, HRIS, Payroll and service providers. Lead special projects as needed (e.g., plan design updates, system conversions, enhancements, acquisitions). May assist with health & welfare benefits as needed. What We Are Looking For: Technical Skills: Advanced Microsoft office skills, including Word, Excel, and PowerPoint and proficient use of HRIS systems (Workday preferred) and benefits related web applications required. Relationship Management: Proven client relationship skills with internal and external stakeholders, the ability to collaborate well, and work effectively as a team member or a project lead. Project Management: Ability to manage several projects simultaneously with competing deadlines in a fast paced, dynamic environment. Strong organizational skills. Ability to keep highly sensitive human resources and compensation information confidential. Preferred Qualifications: Bachelor’s Degree in HR, Finance, Business Administration/Management Knowledge of industry and competitive market US and Canada retirement experience Work Arrangement: Fully Remote: Must be able to travel to an Arrow office location as requested by Arrow leadership. What’s In It For You: At Arrow, we recognize that financial rewards and great benefits are important aspects of an ideal job. That’s why we offer competitive financial compensation, including various compensation plans and a solid benefits package. Medical, Dental, Vision Insurance 401k, With Matching Contributions Short-Term/Long-Term Disability Insurance Health Savings Account (HSA)/Health Reimbursement Account (HRA) Options Paid Time Off (including sick, holiday, vacation, etc.) Tuition Reimbursement Growth Opportunities Annual Hiring Range/Hourly Rate: $67,000.00 - $104,500.00 Location: US-IL-Illinois (Remote Employees) Remote work employees may be required to be present at the closest designated Arrow office for work-related purposes, at the Company’s request and sole discretion. Time Type: Full time Job Category: Human Resources and Sustainability EEO Statement: Arrow is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, gender, age, sexual orientation, gender identity, national origin, veteran or disability status. (Arrow EEO/AAP policy) We anticipate this requisition will be open for a minimum of five days, though it may be open for a longer period of time. We encourage your prompt application.