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Principle Benefits Analyst

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Capital One

Jan 27, 2025

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Richmond

Requirements

  • High School Diploma, GED, or equivalent certification
  • At least 3 years of experience in Benefits, Human Resources, Finance or Accounting
  • Bachelor’s Degree or military experience
  • 4+ years experience focused on Financial Benefits, with knowledge of ERISA and non-qualified retirement plans

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

FAQs

What is the role of a Principal Benefits Analyst at Capital One?

The Principal Benefits Analyst oversees the design, implementation, and management of Capital One's 401(k) and Deferred Compensation Plans, working closely with vendors, consultants, and cross-functional teams to enhance program efficiency and compliance.

What qualifications are required for this position?

The basic qualifications include a High School Diploma, GED, or equivalent certification, along with at least 3 years of experience in Benefits, Human Resources, Finance, or Accounting. Preferred qualifications include a Bachelor's Degree or military experience and 4+ years of experience focused on Financial Benefits with knowledge of ERISA and non-qualified retirement plans.

What is the salary range for this position?

The salary range for the Principal Benefits Analyst role in Richmond, VA, is between $106,700 and $121,700, with actual compensation based on location and candidate experience.

Are there any performance incentives associated with this role?

Yes, the role is eligible for performance-based incentive compensation, which may include cash bonuses and/or long-term incentives.

How does Capital One ensure diversity in its hiring process?

Capital One is committed to diversity and inclusion in the workplace, ensuring all qualified applicants receive consideration for employment without regard to sex, race, age, national origin, religion, disability, and other protected statuses.

What kind of training or support is provided for this position?

The Principal Benefits Analyst will be part of a cross-functional team and will have opportunities for learning and development in a dynamic environment, with support from senior leadership and various departmental partners.

Is previous experience in the financial benefits sector required?

Yes, at least 3 years of experience in Benefits, Human Resources, Finance, or Accounting is required, with a preference for candidates having specific experience in Financial Benefits.

What are the working hours for this position?

The job description does not specify working hours, but typical corporate roles may expect standard full-time hours with some flexibility, depending on project needs.

Will the company sponsor employment authorization for this position?

No, at this time, Capital One will not sponsor a new applicant for employment authorization for this position.

How can candidates apply for this role?

Candidates can apply for this role through the Capital One Careers website, where they can find more information and submit their applications.

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Capital One

Finance
Industry
10,001+
Employees

Mission & Purpose

At Capital One, we’re changing banking for good. We were founded on the belief that no one should be locked out of the financial system. We’re dedicated to helping foster a world where everyone has an equal opportunity to prosper. We’re a bank. But we don’t think like one. We’re always thinking about what’s next. About how we can innovate. Inspire. And develop the tools our customers need to improve their financial lives. That’s where you come in. Your ideas, your experiences and your skills will help us make banking simpler. Working here is about doing bold things. And having that feeling like you belong right where you are. Because we’re doing cool work that lets you have a life outside of work. That’s life at Capital One.