- Entry level
- No Education
- Salary $125,000.00 - $150,000.00 gross per year
- New York City
- Support the Retirement Lead and his/her responsibility to ensure that the design of the retirement plans are competitive and meet the strategic and financial goals of the company; provide analysis for planning and design purposes and to support the management and financial reporting processes across all benefit plans
- Manage the day to day functions of the DC Strategy team, Annual Enrollment for NQDC and communications strategy for engagement, utilization and participation in the DC programs.
- Act as benefits liaison for NYLIM and the boutiques to support inquiries, acquisitions, divestitures and reorganizations.
- Assist in making sure that compliance requirements are met for all retirement plans including providing guidance with regard to new or existing DOL and IRS regulations relating to plan audits, financial reporting, government form filings (e.g.
Form 5500), funding notices and PBGC reporting.
- Work with and/or provide plan interpretation guidance to the benefits administration team on special benefit calculation requests such as executive retirement calculations, QDRO processing, and FICA tax administration.
- Manage the COLI asset/liability analysis in partnership with OCIO.
Conduct periodic reconciliation of COLI assets and non-qualified deferred compensation liabilities, provide insight to streamline, automate and improve the reconciliation process, provide management reporting for assets.
- Provide financial and plan metrics reporting for use with senior management reporting and Retirement lead/team development of programs to support education, usage and engagement of plan participants.
- Other functions include but are not limited to the following: streamlining benefit administration, process improvement through active vendor management and special projects on an as needed basis.
- Bachelor's degree and 7+ years' experience
- Knowledge of Defined Benefit and Defined Contribution plans and administration is required
- Strong technical and analytical skills
- Able to communicate clearly and effectively
- Strong problem-solving abilities
- Microsoft Excel, Word, and Powerpoint
- Progress towards CBP, CEBS or actuarial certification is a plus
- General knowledge of the legislative and regulatory environment as well as competitive landscape of corporate retirement programs
- Basic understanding of financial reporting (FAS)/accounting is a plus as well as the general familiarity of the investments world