Pension Plan Manager
Company: New England Health Care Employees Welfare and Pens
Location: Hartford
Posted on: January 20, 2023
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Job Description:
The 1199 New England Health Care Employees Welfare and Pension
Funds ("Funds"), located in Hartford, CT, are currently seeking a
Pension Plan Manager capable of directing all aspects of a
multiemployer, defined benefit pension plan, including timely and
accurate administration of pension benefits in accordance with the
Pension Fund Plan Document, federal regulations and Fund Office
policies and procedures. The ideal candidate will be highly
motivated and independent with strong organizational and analytical
skills, knowledge of defined benefit pension plans or similar
retirement benefits and a strong leader that can manage the
department and staff. This position rep01ts directly to the
Executive Director. - The 1199 New England Health Care Employee
Welfare and Pension Funds consist of two Taft-Hartley benefit
plans. The New England Health Care Employees Welfare Fund provides
health, prescription, vision, dental, short-term disability,
scholarship and life insurance benefits to eligible participants
and dependents and the New England Health Care Employees Pension
Fund provides retirement benefits to participants. The Funds
provide benefits to approximately 18,725 participants and their
eligible dependents as well as 5,100 retirees and beneficiaries.
The Pension Fund has assets in excess of $900 million and covers
health care workers in Connecticut and Rhode Island. - The Pension
Plan Manager will assume overall responsibility for managing the
Pension department and staff (currently 4) and overseeing the
day-to-day administrative operations of the Pension Fund to ensure
timely and accurate delivery of pension benefits. This
responsibility includes developing, implementing, and monitoring
policies, standards and procedures to ensure compliance with all
relevant local, state and federal regulations and requirements,
including ERISA, DOL and IRS. The Pension Plan Manager must
effectively set goals for, direct and motivate pension staff, and
interact collaboratively with the Executive Director, Trustees,
participants, employers, unions, professional advisors and
colleagues at all levels both inside and outside the organization.
-RESPONSIBILITIES -Specific responsibilities include, but are not
limited to, the following: - - - - - - - -Oversee day-to-day
Pension operations: Manage day-to-day operations and administration
of the Pension Fund; prioritize department/staff workloads;
responsible for appropriate audit and control procedures for
benefit payments to members, including verification of final
benefit calculations and adjustments; establish and monitor
operational policies, procedures and standards to ensure
efficiency, accuracy and prompt, accurate service to participants;
review and recommend appropriate department structure, work
processes, procedures, policies, and audit functions for the
department; develop workflows and documentation of administrative
procedures; prepare and review reports and documents for Pension
Fund Trustee meetings, present pension reports to Trustees and
handle any tasks assigned by Trustees.
- - - - - - - -Manage Pension department/staff: Provide vision,
leadership, guidance, motivation and day-to-day management to
approximately four (4) Pension staff members; oversee development
and training of Pension staff to maintain current knowledge/skills
and ensure professional growth; ensure appropriate staffing levels
are maintained. - - - - - - - - Ensure compliance: Consult with
outside professionals on compliance matters as needed; assist in
submission of government mandated forms; remain informed of all
plan provisions for the Pension Fund; network with professional
organizations and colleagues in the industry to stay informed of
new regulations, recent events and/or other situations that could
affect the Fund; evaluate retirement benefit trends and applicable
pension legislation to ensure that the Fund is compliant with such
legislation, and if needed, develop specific recommendations for
Executive Director. - - - - - - - -Communication of plan changes:
Ensure all Pension plan and policy changes are communicated to
staff, participants, employers, unions, as well as other plan
professionals and colleagues as needed; ensure that all participant
communications and required notices for the Pension Fund are
completed and distributed in a timely manner; communicate with
participants, professional advisors, governmental agencies,
employers, unions and Trustees. - - - - - - - -Ensure adequate
systems and technology: Ensure systems are maintained, updated and
tested in a timely and accurate manner to support the Pension
Fund's recordkeeping, benefit processing and participant service
needs; assist with the development of system requirements and
implementation and testing of new benefits administration systems,
programs and changes. -REQUIREMENTS -The ideal candidate will meet
the following requirements: - - - - - - - - -Work Experience:
Minimum of seven (7) years of related defined benefit or other
related retirement benefit experience. -Including a minimum of (3)
years of management level experience. Prior experience with
self-funded plans and/or in Taft-Hartley or collective bargaining
environment preferred. - - - - - - - - -Educational Background:
Bachelor's degree required. Advanced degree or certifications
(e.g., MBA, CEBS, etc.) a plus. - - - - - - - - -Special Skills or
Credentials: The selected candidate will have strong knowledge of
pension benefits and governmental/legislative regulations (ERISA,
DOL, PPA) governing pension plans. The ideal candidate must have
demonstrated management skills, excellent verbal and written
communication, presentation and interpersonal skills, high ethical
standards, provide the highest-quality customer service and work
well with all levels of the organization. The ideal candidate will
also be detail oriented and highly organized, have strong
analytical skills, excellent project management skills, be able to
multi-task and prioritize effectively to meet deadlines and be
flexible and able to adapt to ongoing changes. Advanced proficiency
with current MS Office suite and experience with benefits
administration systems required. Some travel required. -TO APPLY -
The Funds offer a competitive salary and a comprehensive benefits
package. The Funds are an affirmative action employer and encourage
applications from all qualified candidates regardless of gender,
race, ethnicity, age, sexual orientation, marital status, religion,
or disability. - -
Keywords: New England Health Care Employees Welfare and Pens, Hartford , Pension Plan Manager, Executive , Hartford, Connecticut
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