Assistant Director of Benefits

NYU Langone Health • Garden City, NY

7d

About The Position

The Assistant Director of Benefits at NYU Langone Health System is an exciting opportunity to take an active role in the design and delivery of the Health Systems highly competitive employee benefit program. The scope of the role is broad in scope and includes retirement plans, as well as health and wellbeing plans, statutory and non-statutory disability benefits, leave programs, workers compensation, retiree medical & life insurance, and voluntary benefits. Reporting to the Sr. Director of Benefits & Wellness in Human Resources, the Assistant Director will plan and implement benefits that align with the diverse workforce needs for this best in class, expanding academic health system. In this position the Assistant Director will collaborate on all facets of benefit plan design and implementation, including ongoing plan management, vendor management and performance measurement, coordination with service providers and recordkeepers, actuaries, auditors, and customer service resources, which lead to delivery of high-quality benefits and employee satisfaction.

Requirements

• Bachelor's Degree Human Resources, Business, or related field.
• Minimum of five (5) years of benefit/HR management experience with at least 3 years in management of retirement plans.
• Excellent oral and written communication skills; ability to grasp complex issues. Must think critically, strong problem-solving, research, mathematical and analytical skills. Ability to respond proactively and knowledgeably to all levels within and outside of the organization.
• Strong collaborative skills to align benefits practices with other HR Policies, Procedures and union contracts.
• Knowledge of retirement plans and retiree benefits as well as health and welfare benefits, with knowledge of relevant government regulations.
• Skilled at delivering high quality employee benefits with commitment to best-in-class customer service.
• Working knowledge of finance principles and reporting. Committed to financial education and resiliency resources for employees.
• Must be able to make decisions based on informed judgment in situations where ambiguity is present. Familiarity with content delivery via intranet.
• Proficient in Microsoft 365 with Word, Excel, Microsoft Office, and other online tools. Working knowledge of HRIS systems such as PeopleSoft.

Nice To Haves

• Graduate degree preferred.
• SHRM/CEBS certification a plus.
• Qualified candidates must be able to effectively communicate with all levels of the organization.

Responsibilities

• Review and maintenance of Plan Documents, Plan Amendments, Summaries of Material Modifications and Summary Plan Descriptions and vendor contracts.
• Coordination and support of data management for effective Plan Administration and accurate budgeting and financial processes; coordination of periodic non-discrimination testing.
• Prepare for plan pricing renewals and coordination of RFP processes as required.
• Monitoring regulatory compliance mandates and establishing work plans to ensure compliance and coordination within controlled group of employers.
• Annual Compliance required notices to Plan Participants.
• Managing benefit plan appeals process; oversee ERISA retirement plan appeals process.
• Investigate and resolve service credit and vesting discrepancies in the various Retirement Plans, resolve wage issues and contribution and benefit calculation discrepancies.
• Coordinate all plan audits; research and resolve plan related questions presented by auditors. Organize and obtain data for audit. Monitor audit control measures, identify deficiencies and make recommendations to improve controls. Periodically review systems reports for accuracy and recommend fixes to data issues. Ensure all corrections are made within an IRS or DOL prescribed methodology and track all corrections.
• Oversee the regular funding of benefit plans to ensure contributions are remitted timely and accurately. Work with third party vendors to complete 5500 filings and related schedules. Prepare for annual fiduciary liability insurance renewal. Assist with PBGC required filings and DB plan trust funding.
• Monitor trends in plan participation, generational patterns of plan activity. Continually seek educational material and provide access to financial well-being support for employees. Identify training resources for HR.
• Partner with HR Solutions Center to enable support for new or changes to benefit offerings. Advise Benefit Systems team in the HR Solutions Center of data requirements needed for plan administration, enrollment, recordkeeping, plan implementation, reporting and compliance.
• Provide project management for special projects such as plan mergers due to acquisitions, changes to record-keepers, and service providers, financial audit support and discretionary employer contributions.
• Conduct periodic benchmarking of benefit programs to maintain competitive total rewards. Participate in plan governance committees, such as the Health & Welfare and the Retirement Plan Administration Committee (RPAC).
• Monitor plan costs by company and plan; assist in development of annual fringe budget projections. Maintain plan metrics, utilization, costs and benefit value measurements; prepare reports and presentations for leadership. Collaborate with Compensation on annual total rewards statement project.
• Monitor measures of employee satisfaction; utilize survey input to assess how benefit plans impact employee engagement and rewards.

Benefits

• NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.
• At NYU Langone Health, we are committed to supporting our workforce and their loved ones with a comprehensive benefits and wellness package. Our offerings provide a robust support system for any stage of life, whether it's developing your career, starting a family, or saving for retirement.
• The support employees receive goes beyond a standard benefit offering, where employees have access to financial security benefits, a generous time-off program and employee resources groups for peer support.
• Additionally, all employees have access to our holistic employee wellness program, which focuses on seven key areas of well-being: physical, mental, nutritional, sleep, social, financial, and preventive care.
• The benefits and wellness package is designed to allow you to focus on what truly matters.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level