Experience:
3-5 years of experience
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Employment Type:
Full time
Posted:
8/3/2017
Job Category:
Human Resources
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Retirement Plans Analyst Job
BASF Corporation | Florham Park, New Jersey
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Job Description

Retirement Plans Analyst-1702002

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, age, citizenship, color, religion, sex, marital status, national origin, disability status, gender identity or expression, protected veteran status, or any other characteristic protected by law.

Description
At BASF, we create chemistry through the power of connected minds. By balancing economic success with environmental protection and social responsibility, we are building a more sustainable future through chemistry. As the world's leading chemical company, we help our customers in nearly every industry meet the current and future needs of society through science and innovation.

We provide a challenging and rewarding work environment and are always working to form the best team-especially from within, through an emphasis on lifelong learning and development.

And we are constantly striving to become an even better place to work. BASF has been recognized by Forbes Magazine as one of America's Best Employers in 2016. Come join us on our journey to create solutions for a sustainable future!

Where the Chemistry Happens…

Human Resources professionals at BASF create chemistry with people. HR is working to form the best team by sourcing, hiring and developing the right talent for BASF. In addition to traditional responsibilities like governance, benefits administration, and payroll, HR at BASF serves as a strategic partner to the business, ensuring that the right people are in the right place at the right time to help the Company grow. HR strives to make BASF an even better place to work by soliciting feedback, engaging employees, and shaping the culture through best-practice programs and practices.

Retirement Plans Analyst (1702002) - Florham Park, NJ

This position will support the administration of U.S. and Canada retirement benefit plans and associated data, systems, and controls, including approximately 30 qualified and nonqualified defined benefit and defined contribution plans encompassing 15,000 active employees and 25,000 retirees. The plans hold related trust assets of $3 billion and total annual benefit payments of $250 million.

The individual will support the regulatory compliance of U.S. and Canada retirement plans, including external audits and employee/participant communications. In addition, the role will aid in performing data analyses for acquisitions and divestitures, integration arrangements, and resolution of employee and retiree claims. S/he will coordinate with an outside vendor and BASF businesses on the delivery of Employee Financial Wellness Education initiatives.

Formula for Success: You Will…
- Support appropriate administration and controls over retirement benefit programs through employee data and transaction analyses and reconciliations and, where necessary, identify needed corrections of data, contribution and recordkeeping errors.
- Perform maintenance of retirement benefit plan and HRIS/Payroll systems and controls, and identify any needed improvements.
- Assist external auditors on performance of plan audits through providing of requested participant information.
- Arrange distribution of required retirement plan communications in compliance with government regulations.
- Maintain mergers and acquisitions activities and other initiatives with ad hoc reporting and analyses of employee data, and support integration of employees into or out of BASF retirement plans, including distribution of employee communications.
- Perform research and analyses of employee and retiree claims, and report results.
- Process benefit plan invoices and funding requests, and track annual budgeted plan related expenses.
- Coordinate with outside vendor and businesses as needed on delivery of Employee Financial Wellness Education meetings.
- Execute special projects relative to retirement plans, as needed.

Create Your Own Chemistry: What We Offer You…

Adding value to our customers begins with adding value to you. You@BASF is the suite of benefits, perks, programs and unique opportunities we offer to support you-the whole you-in all stages of your life and career. With you@BASF, you create your own chemistry.

The total rewards that you receive as a BASF employee go way beyond a paycheck. From competitive health and insurance plans, to robust retirement benefits that include company-matching contributions, to making sure you never stop learning, we believe investing in you is investing in our success. Working for a large, global organization, you'll have a chance to grow professionally and personally, expand your network and build a rewarding and dynamic career.

Qualifications - BASF recognizes institutions of Higher Education which are accredited by the Council for Higher Education Accreditation or equivalent

Ingredients for Success: What We Look for in You…
- Bachelor's degree with a minimum of 2 years of experience in Human Resources and/or benefit plan administration, or at least 4 years of progressive HR work experience without a degree.
- Familiarity with 401(k) and pension plan design principles and operations.
- Strong business acumen combined with organizational, analytical, financial, and project management skills.
- Working knowledge of MS Office, particularly Word and Excel.
- Proficiency with SAP report writing is a plus.

Primary Location: US-NJ-Florham Park
Function: HRES - Human Resources
Job Type: Standard
Shift: Day Job
Organization: (NT)-Regional Functions North America

About BASF Corporation

BASF SE, formerly BASF AG, is a Germany-based chemical company. The Company has six business segments: Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil & Gas. Chemicals segment offers products in the chemical, electronic, construction, textile, automotive, pharmaceutical and agricultural industries. Plastics segment offers a range of products, system solutions and services. Performance Products help its customers to improve their products and processes. Functional Solutions segment bundles system solutions and products for customers and industries. During the year ended December 31, 2008, the Company acquired Revus Energy ASA (Revus), an oil and gas exploration and production company. On September 26, 2008, it acquires Attapulgite Mining, Inc. On December 15, 2008, it acquired the concrete admixture business of Kejie Admixture Science & Technology Co. Ltd. (Kejie). On December 19, 2008, BASF AG acquired Sorex Holdings Ltd.

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