Financial Readiness Analyst

Position Summary:

The Financial Readiness Analyst (Human Resources Analyst III) develops, implements, and manages programs dedicated to measuring and improving how financially prepared individuals are for major life goals, with a focus on enhancing the financial literacy and security of employees. This position is the primary lead for crucial programs including deferred compensation 457b salary deferral plans and supports other financial readiness programs including but not limited to, flexible spending accounts, life insurance and disability. The position’s core purpose is to alleviate financial stress, supplement existing retirement benefits for City employees, and integrate financial well-being as a key component of our workforce’s overall health.

As a Financial Readiness Analyst you will:

• Lead operations and support staff: Manage the city's Deferred Compensation Program and other Financial Readiness Programs, lead the work of contracted vendors, and provide guidance to Benefits staff supporting these programs.
  
• Manage plan operations: Coordinate with City Operations, Human Resources Payroll Operations, Enterprise Business Solutions, and vendors to ensure correct contribution processing and posting of funds.
  
• Ensure compliance: Review and make determinations of complex transactions like 3-year catch-ups, death claims, and contribution limits while configuring and auditing systems to ensure federal, state and City rules are applied appropriately.
  
• Drive financial health: Assess and study employee financial health, create and recommend new or improved programs to address gaps, implement new initiatives, develop and facilitate trainings with the goal of supporting and advancing employees’ financial goals.
  
• Support committees: Provide subject matter expertise to Deferred Compensation Committee, provide budget reports, and fund performance data.
  
• Manage Contract and Budget: Full vendor contract lifecycle, develop requests for proposals, manage vendor agreements, and prepare program budgets while overseeing the accurate processing of all invoices and reimbursements.
  

For more information, please check out our Jobs page: www.portlandoregon.gov/jobs