Benefits Plans Manager - Newark, NJ

Federal Reserve System • Newark, NJ

275d

About The Position

As an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in Newark, NJ, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper. We are a dynamic environment that requires days in the office. In office requirements, as amended from time to time, are an essential function of the position. You will be working in Newark, NJ for a division of the Federal Reserve Bank of Atlanta (Office of Employee Benefits -OEB) and will be responsible for managing benefit programs across the Federal Reserve System. Develop and execute plans pertaining to benefits offerings in alignment with Federal Reserve Banks and OEB's strategic objectives. You will work with Federal Reserve System (Banks and Board) and Consumer Financial Protection Bureau (CFPB) payroll and HR groups on plan interpretations, participant inquiries and appeals and payroll matters impacting the benefits plans. Accountable for the day-to-day operations and administration of one or more of the System’s retirement and executive benefits plans. Provide guidance in addressing benefits related issues and interpret applicable plan provisions, legislation, and regulations pertaining to the administration of the benefits plans. You will work closely with staff, management, and senior leadership to deliver top-tier benefits programs to plan participants and stakeholders. Ensure that programs, practices, and policies comply with applicable laws and regulations. You will report to the SVP Plan Administration.

Requirements

• Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred.
• Eight plus years preferred.
• Extensive experience with qualified and non-qualified benefits plans and executive benefits plans.
• Knowledgeable of governmental plans, payroll/HRIS systems and benefits recordkeeping services.

Responsibilities

• Research complex issues and respond to inquiries from service providers, stakeholders, and plan participants.
• Responsible for developing and leading training and information sessions on benefits plans for senior executives, System HR personnel and plan participants.
• Accountable for day-to-day operations and administration of one or more Federal Reserve System benefits plans.
• Provide oversight and direction to team of experienced professionals involved in the administration of benefits plans and management of external vendors.
• Focus on policy and strategy implementation.
• Influence others outside of their own job area regarding policies, practices, and procedures.
• Advise and educate other members of the department on various benefits topics including new benefit programs, regulatory changes and policies and procedures.
• Mix of strategic, tactical, and transactional responsibilities.

Benefits

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment
• Generously subsidized public transportation
• Education Assistance Program
• Professional development programs, training and conferences

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees