Description

Benefits Delivery Analyst - 401(k)

Who are we, and what do we do?
Corteva Agriscience is the only major agriscience company in the world completely dedicated to agriculture. Our purpose is to enrich the lives of those who produce and those who consume, ensuring progress for generation to come. Our inspiration is to be a market shaper, driving the next generation of agriculture products that help farms and farmers flourish and through partnering with society becoming the most trusted partner in the global agriculture and food community.  

With a global footprint and over 22,000 employees, Corteva is building the future of agriculture and leading breakthroughs in the innovation and application of science and technology that will better the lives of people all over the world and fuel the progress of humankind.

As the world’s only major agriscience company completely dedicated to agriculture, we’re building a culture that stays curious, thinks differently, acts boldly and takes a stand on what’s right for our customers, our co-workers, our partners and our planet. We know we’ve got big challenges to solve – we hope you’ll be part of the solution.

Role Summary
Corteva is searching for a Benefits Delivery Analyst 401(k) to join their HR Shared Services Department. The Benefits Delivery Analyst - 401(k) is responsible for the ongoing funding and operational activities of Corteva’s two 401(k) plans. The person in this position must be able to manage multiple tasks, handle changing priorities, deal with highly sensitive information and demonstrate the ability to build and maintain strong relationships with internal and external partners. Previous experience with 401(k) administration, payroll systems and auditing functions is preferred. The person in this position must be very dependable.

Principal Responsibilities - What you will do to help us grow! 

Plans Funding

• Handles 401(k) funding of every bi-weekly and off-cycle payrolls, including:
  • Reconcile files from payroll system and vendor system.
  • Research and resolve discrepancies between vendor and payroll contribution amounts.
  • Identify issues outside of the norm and quickly pull in the right resources for review and direction.
  • Issue timely (within 24 hours) wire requests to the finance team.
  • Organize and save all supporting documentation for audit purposes.

Reporting

• Performs internal audits on a regular basis to ensure accuracy of the retirement plan contributions.
• Reviews monthly, quarterly and annual vendor reports and respond timely with corrections or research items.
• Runs monthly delinquency Loan reports and research/resolve any loan payments that were missed or overpaid.

Compliance

• Assists with annual Form 5500filings and Non-Discrimination Testing.
• Assist with annual plan audits by internal/external auditors.
• Follow the procedures in place to process 401(k) related corrections including:
  • Determine the QNEC/correction amounts.
  • Provide detailed explanation on the corrections to the appropriate parties (i.e. Vendor and/or payroll).
  • Draft the communication to the employees.
  • Record the corrections for reconciliation purposes at the end of the plan year.
  • Obtain correction proofs from vendor portal and/or payroll systems as needed
• Maintains familiarity with Defined Contributions Retirement plan administration practices and legal updates

Additional Operational Support

• Assist HR Service Center in answering questions from employees, managers or HR about 401(k) related topics.
• Assists with Employee escalations.
• Ensures accurate data flow from HR system, Payroll system and Vendor system.
• Attends company, team and vendor meetings and trainings as required.

Qualifications

Primary Skills & Education - What you'll bring to the table
Education and Knowledge

• Associate's Degree with 4+ years of experience. Bachelor’s Degree in Human Resources with 2 years of experience would be preferred. 

Experience 

• At least 1 year 401(k) administration experience in a shared services environment.
• Experience in ensuring compliance with applicable laws and regulations.
• Payroll experience is strongly preferred.
• ADP Globalview experience preferred but not required.
• Advanced Excel skills are a definite plus

Key Skills, Abilities, and Competencies

• Strong customer service orientation.
• Ability to maintain high level of confidentiality and professionalism.
• Effective communication, presentation and facilitation skills.
• Ability to adapt to a continually changing work environment and manage multiple priorities

Complexity and Problem Solving

• Strong interpersonal and human relations skills including strong judgment in assessing and dealing with issue resolution and escalation.
• Problem solving, time management and priority setting skills

Take the next step to #GrowWhatMatters in your career with Corteva and apply today. We look forward to seeing your application.