Sr. Analyst, Financial Benefits must have 401k experience

Panasonic • Newark, NJ

1d • $85,000 - $120,000

About The Position

Every moment of every day, people all over the world turn to Panasonic to make their lives simpler, more enjoyable, more productive and more secure. Since our founding almost a century ago, we’ve been committed to improving peoples’ lives and making the world a better place–one customer, one business, one innovative leap at a time. Come join our journey!

Requirements

• Bachelor's degree in business administration, finance required
• Maintain rigorous internal controls, SOPs, and documentation to ensure compliance with ERISA, IRS, DOL, and audit requirements.
• Work with Recordkeeper data received in varied formats and systems in order to reconcile Plan Assets
• Identify process improvements; streamline workflows in a high‑velocity, deadline‑oriented environment
• Work with the external and internal audit team as needed
• Excellent Customer Service and program management
• Collaborate with payroll, HR, legal, investment teams, third‑party administrators, and recordkeepers to drive seamless execution.
• Have proven ability working with plan documents (Basic Plan Document, Adoption Agreement, Summary Plan Description (SPD), Amendments, Summary of Material Modifications (SMM) and annual notices)
• Experience in 401K is a must
• Proficient in Microsoft Office Suite.
• Document Scanning

Nice To Haves

• Experience in workday highly preferred

Responsibilities

• Administer the company's 401(k), Pension and Non-Qualified plans in accordance with all applicable laws and regulations.
• Oversee plan operations including contributions, distributions, loans, conversions, and vesting calculations.
• Reconcile plan assets and contributions; support plan audits, addressing findings and resolving discrepancies.
• Perform annual nondiscrimination, top‑heavy, and compliance testing, True up of employer match, Assist with annual plan audits and other required filings.

Benefits

• Health Benefits – Offering medical, dental, vision, prescription plans, plus Health Savings Account and Flexible Spending Account options.
• Voluntary Benefits – Life, accident, critical illness, disability, legal, identity theft, and pet insurance.
• Panasonic Retirement Savings & Investment Plan (PRSIP) – 401(k) plan with company matching contributions and immediate vesting.
• Paid Time-Off Benefits – Vacation, holidays, personal days, sick leave, volunteer, and parental & caregiver leave.
• Educational Assistance – Tuition reimbursement for job-related courses after six months of service.
• Health Management and Wellbeing Programs –Lifestyle Spending Account, EAP, virtual health management, chronic condition, neurodiversity, tobacco cessation, substance abuse support, and life stage and fertility resources. Available to eligible employees starting the first day of the month following your start date. Eligibility for each benefit may vary based on employment status, location, and length of service.
• Employee Recognition Program - High5 employee recognition and awards platform, quarterly and annual employee recognition
• Annual Bonus Program - Opportunity for an annual performance-based bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level