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Xcel Energy Retirement Analyst - MN Job in Minneapolis, Minnesota

Location(s): MN - Minneapolis

Are you looking for an exciting job where you can put your skills, talents and education to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A professional position at Xcel Energy could be just what you’re looking for.

Position Summary

Participates in all operational activities of the Company's qualified and non-qualified retirement benefit programs including but not limited to: defined benefit and contribution plans; and special executive plans (e.g., supplemental retirement and deferred compensation programs). Provides extensive systems expertise in the development and maintenance of retirement recordkeeping systems. Makes administrative recommendations including technological enhancements and process changes for more efficient and effective program delivery. Is responsible for ongoing administration of retirement policies and programs. Ensures compliance in daily administration with all applicable legal and regulatory requirements as directed by leadership. Provides education, interpretation and support to regulated and non-regulated business units, employees and external vendors and company retirement plans.

Essential Responsibilities

  • Develops, implements and consolidates pension and 401(k) recordkeeping systems, including making recommendations for all qualified and non-qualified retirement benefit programs. Works with vendors to define appropriate data specifications and processes, ensuring data integrity.

  • Provides system, program and technological support to employees, business units and vendors, including the development of new processes and system support and testing. Ensure compliance with legal and regulatory requirements in all aspects of daily operations.

  • Coordinates compliance-related projects such as internal audits, pension valuations, 5500 preparation and non-discrimination tests. Assists in the SOx related controls such as the Reconciliation of Trust Statements.

  • Problem solves service and earnings related issues. Reviews and approves pension payment set-ups including pension calculations. Reviews application and distribution processes with employees, managers, along with providing education on a variety of decision making requirements.

  • Responsible for coordinating all aspects of Qualified Domestic Relations Order (QDRO) administration.

  • Assists in the development and delivery of retirement communications, including but not limited to orientation programs and application processes.

Minimum Requirements

  • Bachelor's or Associate's degree in a business-related field is preferred.

  • Two years of progressively-responsible benefits experience or an equivalent combination of education and relevant experience.

  • Familiarity of retirement benefit issues, trends and practices.

  • Planning, time management and organizational skills.

  • Ability to make sound judgments on data and provide guidance on priorities and technical implementation.

  • Proven interpersonal and communication skills to effectively interface with individuals and groups at all levels of the organization.

  • Professional benefits certification from a recognized professional or educational organization is preferred.

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.

Posting Notes: MN - Minneapolis || MN - Minneapolis || United States (US) || Human Resources & Employee Svc || 85035:Retirement || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: $54,800 to $77,800 per year

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Requisition Number: 33485

Equal Opportunity Employer: Minority/Female/Disability/Veteran

Individuals with a disability who need an accommodation to apply please contact us at