Senior 401k and Retirement Plans Administrator at Bristol-Myers Squibb

Tampa, Florida, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

PharmaceuticalsIndustries

Requirements

Highly skilled in 401(k) savings and retirement plan management, serving as subject matter expert for US/PR qualified and non-qualified savings and retirement plans (operations and regulatory environment)
Experience in operations, execution, administration, and operational communications of benefits, including 401(k) plan, Benefits Equalization Plan (BEP), and other retirement programs
Ability to manage implementation of new and modified 401(k) savings and retirement plans, including processes, procedures, change management, system requirements, vendor requirements, and documentation
Proficiency in handling day-to-day operational activities, plan design implementation, process streamlining, and adherence to regulatory and compliance requirements
Capability to address, solution, and resolve vendor issues, Tier 2 inquiries, escalations, ad-hoc inquiries, audit requests, compliance, contract management, and governance
Experience partnering with Total Rewards Strategy, Service Delivery Management Partners, People Services Capability Center (including Payroll), Third-Party Vendors, Legal, Corporate Secretary’s office, Compliance, and Finance
Knowledge of embedding robust controls in processes, SOX controls, compliance, and audit activities
Familiarity with contributions, distributions, loans, withdrawals, vesting, payroll deductions, statutory and legal filings, coordinating with finance, tax, legal, internal/external auditors, and vendors

Responsibilities

Deliver excellent customer experience, monitor trends and issues impacting employee experience with the plan
Manage operations and administration of BMS US/PR Savings and Retirement Plans, including contributions, distributions, loans, withdrawals, vesting, payroll deductions, statutory and legal filings
Coordinate with finance, tax, legal, internal and external auditors, and applicable vendors
Ensure robust controls are embedded in each process and operating as designed; support SOX controls, compliance, and audit activities
Ensure compliance for all plan documents and statutory requirements related to benefits, savings, and retirement plans operations
Actively participate in the audit process and fulfill regulatory reporting requirements
Handle vendor issues, Tier 2 inquiries, escalations, ad-hoc inquiries, audit requests, and provide information for compliance, audits, contract management, and governance
Manage implementation of new and modified plans, covering processes, procedures, change management, system/vendor requirements, and documentation

Skills

401(k) Administration

Retirement Plans

Benefits Administration

Compliance

Change Management

Vendor Management

Plan Implementation

Operational Communications

Bristol-Myers Squibb

Develops and delivers biopharmaceutical medicines

About Bristol-Myers Squibb

Bristol Myers Squibb (BMS) develops and delivers medicines aimed at treating serious diseases, focusing on areas like cancer, autoimmune diseases, and heart conditions. The company conducts extensive research and development to create new drugs, which are sold after receiving regulatory approval. BMS also produces generic drugs, offering affordable alternatives that meet the same quality standards as their branded counterparts. What sets BMS apart from competitors is its dual focus on both innovative and generic medicines, enhancing access to healthcare. The company's goal is to improve patient outcomes while maintaining a commitment to sustainability and corporate responsibility.

New York City, New YorkHeadquarters

1887Year Founded

$33,706.1MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Flexible Work Hours

Hybrid Work Options

Professional Development Budget

Risks

Increased competition in oncology from emerging biotech firms like ArsenalBio.

BMS's lawsuit over the 340B Drug Pricing Program may lead to regulatory challenges.

Rapid AI and digital tech evolution may pose integration challenges for BMS.

Differentiation

BMS focuses on innovative cancer treatments through collaborations like ArsenalBio for T cell therapies.

The company emphasizes digital health technologies, enhancing clinical trial management and patient engagement.

BMS offers both innovative and generic medicines, increasing affordable healthcare solutions.

Upsides

BMS's partnership with Medidata enhances clinical research processes and patient outcomes.

The collaboration with AI Proteins advances novel miniprotein-based therapeutics, expanding therapeutic modalities.

BMS's global license agreement with BioArctic expands its portfolio in neurodegenerative diseases.

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