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 Benefits Analyst

Details
Country: USA
Location: Massachusetts-Boston Boston, MA 02108
Total applied: 31
Benefits Analyst

John Hancock is a subsidiary of Manulife Financial, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. The Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. John Hancock can be found on the internet at www.johnhancock.com Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHKEnsure effective administration of company retirement programs for all US employees. Provide customer service to US domiciled employees via toll free line, electronic mail inquiries. Administer the company-sponsored pension programs for terminated vested participants.  This includes Cash Balance and prior Final Average Pay structures. Interpret plan information in administering current and previous plan provisions. Coordinate and review all pension calculation with third party administrator, research discrepancies. Collect and coordinate data for annual filings, valuation, and plan audits.    Coordinate the processing and distribution of various pension, 401(k) related reports and statements, including but not limited to monthly Fixed Income fund Rate of Return and monthly all funds balances to varies internal department. Reconcile monthly 401(k) plans suspense accounts. Responsible for weekly 401(k) payrolls (ProBusiness and ADP down load) and HR files transmission to vendor. Liaise with Payroll, Trust, US Law, Corporate HR and Canadian HR departments as needed. Assist with decisions and rollout of Plan changes. Maintain documentation of all retirement plan processes and procedures. Ensure overall retirement plan processing is well controlled and efficient. Independent communication with customers and vendors. Assist with resolving retiree issues, particular “old” plans and programs. Maintain accounts payable and prepare journal entries relating to retirement plan administration. Reconcile retirement accounts  monthly and resolve any outstanding items. Assist with training on retirement (defined benefit and defined contribution plans) benefits. Provide support and back-up for other team members. Assist with and/or lead retirement related projects as assigned.   Assist with other Human Resources Shared Services projects as needed.JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER - AA/F/M/D/V B.S./B.A. in Human Resources or related field Strong computer skills Excellent customer service skills Strong analytical & research skills Understanding of payroll and employee laws A strong understanding of pension & 401(k) benefits  2-4 years progressive retirement plan administration   JOB INFORMATION Company: Manulife Financial Location: Boston, MA 02108 Status: Full Time, Employee Job Category: Human Resources Learn more about the company Click here for video Length: 1:15 min Vibrant Culture     •     Wealth of Opportunity     •     Company with a Conscience

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