Principle Benefits Analyst

Principle Benefits Analyst
Are you passionate about taking care of Associates by overseeing programs and ensuring processes to deliver benefits are well managed? Do you like working with a cross-functional team in a dynamic environment? Do you thrive in an environment where you are able to learn, impact change, and own deliverables critical to the success of your team? We are looking for an experienced, passionate benefits professional who can assist with overall accountability and responsibilities for our retirement programs.
Our Benefits team is looking for a Principal Benefits Analyst to work on the Capital One 401(k) and Deferred Compensation Plans, use analytical skills to establish efficient processes, manage programs, vendors and consultants, and formulate recommendations using strong judgment. This position sits on the Benefits Policy and Design team as an individual contributor reporting to the Senior Manager of Financial Benefits, and works closely with Benefits Operations, HR Business Risk, Finance/Accounting, Enterprise Supplier Management, consultants, and vendors.
Responsibilities:

• Assists in the design, implementation and oversight of the Capital One 401(k) and DCP through close vendor partnership and execution of well-managed processes
• Analyzes current and developing legislation, external benchmarking and other environmental factors impacting plan performance and program competitiveness, and build recommendations based on analysis
• Serves as a contact on high level escalations and associate requests requiring in depth Plan knowledge
• Implement financial benefit plan designs and policy changes approved by senior leadership; Partners with communications team to develop effective materials to optimize impact, understanding and engagement in benefits and programs
• Creates and oversees processes to efficiently establish, review and validate financial transactions associated with Benefits, ensuring proper approval of Benefits Trust expenses
• Leverage internal HR Risk partners to maintain understanding of corporate governance requirements, compliance documentation and reporting responsibilities, and optimize processes for completion of requirements
• Monitor plan or program financials, and collaborate with Finance partners as needed
• Represent the Design and Strategy team on the Deferred Compensation Program Annual Enrollment project
• Ensure that benefit plans are administered in compliance with federal and state laws and regulations
• Other duties as needed to support the Benefits team business priorities

Basic Qualifications:

• High School Diploma, GED, or equivalent certification
• At least 3 years of experience in Benefits, Human Resources, Finance or Accounting

Preferred Qualifications:

• Bachelor's Degree or military experience
• 4+ years experience focused on Financial Benefits, with knowledge of ERISA and non-qualified retirement plans

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Richmond, VA: $106,700 - $121,700 for Prin Assoc, Benefits
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at [email protected] . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to [email protected]
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).