Sr. Benefits Financial Advisor

Location: Portland, OR (97232) – 100% onsite

About the role

PacifiCorp is seeking a customer-centric professional to manage and resolve participant escalations from the Department of Labor, senior management, and other stakeholders. As a subject matter expert, you will oversee the department and benefits budget, retirement, and 401(k) plans. This role involves conducting in-depth analysis through research, data interpretation, and development of alternatives and recommendations for all benefit plans. You will monitor benefit trends, stay current with applicable benefits legislation, present analysis to management, and implement selected alternatives. Key analyses include 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 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 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, interpretation, trending, forecasting, and modeling.
• Develop detailed financial and claims reports, alternatives, and recommendations.
• Develop and implement new policies and 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 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 requiring 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 Microsoft products including spreadsheet, database, word processing, and presentation applications; expert-level skills in Excel.
• Strong communication and interpersonal skills, including the ability to consult with internal and external customers on sensitive matters.
• 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

PacifiCorp offers a comprehensive benefits package designed to support physical, mental, financial, and social wellbeing:

• Medical, dental, and vision insurance.
• 401(k) with fixed contributions (including Roth and savings options). For union employees, matching contributions vary by union. For nonunion employees, PacifiCorp makes a fixed contribution equal to 4% of eligible pay annually for new hires, plus matches 100% of the first 6% contributed by the employee.
• Life insurance.
• Additional voluntary benefits, including pet insurance.
• Tuition assistance.
• Mass transit pass for employees in Portland and Salt Lake City offices.
• Generous Paid Time Off (PTO) – varies by employee type (Union or Non-Union).
• Paid short-term and long-term disability insurance.
• Paid parental leave.
• Paid bereavement leave.
• Employee Assistance Program supporting mental and emotional wellbeing.

Pay

Hiring range: $102,000 - $140,250. This position is eligible for an annual discretionary performance incentive bonus of up to 15.00% of salary.

Schedule

Full-time, exempt position.