Sr. Benefits Financial Advisor

POWER YOUR GREATNESS

PacifiCorp is seeking customer-centric candidates to grow and sustain our commitment to a culture of customer service excellence, environmental sustainability, inclusion & belonging.

General Purpose

Manage and resolve participant escalations and requests from DOL, senior management, etc. Serve as subject matter expert as it relates to department and benefits budget, retirement and 401(k) plans. Conducts analysis through research, gathering and interpretation of data, development of alternatives and recommendations for all benefit plans. Monitors benefit trends and must stay abreast of applicable benefits legislation. Presents analysis and recommendations to management and implement selected alternatives. Analyses include, but are not limited to, feasibility studies, cost/benefit analysis, trending/forecasting, financial analysis, investment funds and budget analysis and reporting.

Responsibilities

• Serve as Human Resource lead on analysis of investment funds within the retirement and 401(k) plans, and serve as PacifiCorp lead on 401(k) fund changes.
• Consult and collaborate with internal and external Actuaries on modeling and financial analysis.
• Analyze and ensure retirement and 401(k) compliance with federal regulations.
• Coordinate updates to legal documents with ERISA Counsel.
• Participate on PacifiCorp Employee Benefits Administrative Committee.
• Lead analysis on PacifiCorp impacts of Berkshire Hathaway, Inc., and Berkshire Hathaway Energy benefit compliance matters including potential need for 4010 filings, and Qualified Separate Lines of Business non-discrimination testing.
• Serve as Human Resource Lead on Annual Benefit Plan Audits.
• Manage 5500 preparation and PBGC premium filings.
• Serve as Human Resource Lead on PacifiCorp finance matters.
• Manage 401(k) plan administrator and retirement plan actuaries
• Develop analysis and recommendations for senior management through research, data gathering, and interpretation, trending, forecasting and modeling of data.
• Develop detailed financial and claims reports, alternatives, and recommendations.
• Develop and implement new policies and or procedures to ensure compliance with federal or state regulations or plan compliance.
• Compile market data, provide recommendations and analyze collective bargaining agreements or contracts.
• Evaluate proposed benefit programs and/or contracts by studying provisions and estimating the financial impact.
• Conduct analysis on trends and develop rate recommendations.
• Assist vice president in union negotiations, preparation, and data analysis.
• Develop data analysis and detailed reports for use in rate cases.
• Understand benefit cost drivers and develop solutions to a diverse range of complex problems and assignments, which require creativity and innovation within broadly defined policies and practices.

Requirements

• Bachelor’s Degree in Business Administration, Finance, Human Resource Management, or a related field; or the equivalent combination of education and experience.
• A minimum of seven years’ experience in benefits or a similar position requiring equivalent experience.
• Knowledge of data gathering, analysis, forecasting, and modeling techniques; applicable Company policies and procedures; applicable federal, state, and local governmental laws and regulations.
• Project management skills including project leadership, task identification, scheduling, and cost/expenditure identification.
• Proficient with the use of all Microsoft products including spreadsheet, database, word processing, and presentation applications to gather, analyze, and model information.
• Must have expert level skills in Excel.
• Communication and interpersonal skills including ability to consult with internal and external customers regarding matters/issues which may be sensitive in nature.
• Ability to work with all levels of an organization including people with different styles and backgrounds; ability to work as a member of a team. Ability to present alternatives and recommendations.

Preferences

• CEBS, PHR or SPHR Certification.
• Knowledge of and experience with SAP.

Benefits

At PacifiCorp, we understand that living a healthy lifestyle isn’t just about your physical health — your mental, financial, and social wellbeing also play an important role. That’s why we offer a wide range of benefits designed to help you live a more balanced lifestyle
Our benefits include:
• Medical, dental, and vision insurance
• 401k with match fixed contributions, including a Roth and saving option. For union employees, matching contributions vary by union. For nonunion, PacifiCorp makes a fixed contribution equal to 4% of your eligible pay each year for new hires. In addition, PacifiCorp matches 100% of the first 6% you contribute.
• Life insurance
• Additional voluntary benefits, including pet insurance
• Tuition Assistance
• Mass Transit Pass for employees in our Portland and Salt Lake City Offices.
Work Life Balance
• Generous Paid Time Off (PTO) - Time off varies by employee type (Union or Non-Union)
• Paid short-term disability leave and long-term disability insurance
• Paid Parental Leave
• Paid Bereavement Leave
• Employee Assistance Program supporting mental and emotional wellbeing
For more information, please visit: https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US

Additional Information

Req Id: 114894
Company Code: PACIFICORP
Primary Location: PORTLAND 100% ONSITE
Department: PacifiCorp General Counsel
Schedule: Full-Time
Personnel Subarea: Exempt
Hiring Range: $102,000 - $140,250

This position is eligible for an annual discretionary performance incentive bonus of up to 15.00% of salary.

Employees must be able to perform the essential functions of the position with or without an accommodation.

PacifiCorp is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, medical condition, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.

Unless otherwise required by law, all offers of employment are contingent upon the successful completion of a background check and drug screening including for marijuana. While marijuana is legal in several states, including Oregon, a positive test for positions in Oregon may disqualify a candidate. The company complies with the laws of Washington and California and only obtains and considers positive tests for marijuana in safety-sensitive positions or those covered by U.S. Department of Transportation regulations.