Sr. Retirement Analyst at PBF Energy

Parsippany-Troy Hills, New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Energy, Oil & GasIndustries

Requirements

Bachelor’s degree in human resources, finance, accounting, or related field
5+ years of experience in retirement plan administration or benefits analysis within a corporate HR environment
Experience managing both defined benefit and defined contribution plans is strongly preferred
In-depth knowledge of ERISA, IRS, and DOL regulations governing retirement plans
Strong analytical and problem-solving skills
Proficiency with Excel and HRIS/reporting tools
Ability to interpret plan documents and communicate complex information clearly
Advanced Excel skills

Responsibilities

Administer and oversee daily operations of the company’s retirement programs (401(k), pension, and non-qualified plans), including reconciling semi-monthly and biweekly 401(k) contributions and loans, hardship withdrawal applications, retirement-related death claims, and defined benefit contributions
Ensure compliance with ERISA, IRS, and DOL requirements; support annual audits, Form 5500 filings, and nondiscrimination testing
Maintain plan documentation, summary plan descriptions, and participant notices in collaboration with Legal and external counsel
Partner with internal and external stakeholders to monitor and implement regulatory and plan design changes
Maintain and produce monthly reports to assist Accounting with appropriate establishment of defined contribution benefit accruals and true-up payments
Primary responsibility for Retiree Open Enrollment communications and elections
Serve as primary point of contact for recordkeepers, trustees, actuaries, and consultants
Review and validate vendor reports, reconciliations, and participant data
Support committee meetings, including preparation of materials, data summaries, and meeting minutes
Track and ensure resolution of plan-related issues with vendors and payroll
Provide expert guidance on retirement plan provisions, eligibility, distributions, and retirement readiness
Respond to escalated employee inquiries and coordinate complex case resolutions with vendors
Partner with HR Business Partners to deliver education, tools, and communications that help employees make informed retirement decisions
Perform data audits and reconciliations between payroll, HRIS, and recordkeeping systems
Analyze plan metrics, participation rates, and company contributions; prepare reports and dashboards for leadership
Identify trends and opportunities for plan enhancements or employee engagement improvements
Participate in special projects such as plan mergers, system upgrades, or vendor transitions
Recommend and implement process improvements to enhance efficiency and accuracy of plan administration
Support benchmarking and strategy discussions related to total rewards competitiveness
Provide mentorship and training to junior team members or analysts

Skills

ERISA

IRS Compliance

DOL

Form 5500

401(k) Administration

Defined Benefit Plans

Nondiscrimination Testing

Plan Administration

Vendor Management

Benefit Accruals

Retiree Open Enrollment

Pension Plans

PBF Energy

Operates oil refineries and processes crude oil

About PBF Energy

PBF Energy operates six oil refineries across the United States, processing over 1,000,000 barrels of crude oil daily. The company specializes in refining various types of crude oil into products like gasoline, diesel, and jet fuel, utilizing sophisticated facilities with a high Nelson Complexity Index. PBF Energy distinguishes itself from competitors by maximizing the yield of high-value products and maintaining a strong logistics network for crude oil shipments. The company's goal is to optimize its refining operations and manage its financial health while serving a diverse client base.

None, New JerseyHeadquarters

2008Year Founded

IPOCompany Stage

Energy, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Risks

Increasing competition from renewable energy sources may impact PBF Energy's market share.

Volatility in crude oil prices can significantly affect PBF Energy's profit margins.

Stringent environmental regulations could lead to increased compliance costs for PBF Energy.

Differentiation

PBF Energy operates six strategically located refineries across the United States.

The company's refineries have a high Nelson Complexity Index of 12.8.

PBF Energy specializes in processing various types of crude oil, including sour and sweet.

Upsides

PBF Energy's joint venture in sustainable fuels aligns with growing renewable diesel demand.

Increased crude oil prices could improve PBF Energy's profit margins.

Digital transformation trends could enhance PBF Energy's operational efficiency.

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