Associate, Benefits - Retirement Plans

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Date: Nov 24, 2018

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

At New York Life we value our employees and agents. One of the many ways we demostrate our apprecaition is through providing a competitive benefits package. This opportunity is to become part of the Human Resource team in a dynamic, fast paced, collaborative environment. In this role you will be supporting the New York Life Retirement Plans to ensure they are administered properly and provide the desired level of employee engagement. Benefit plans include (but not limited to) Pension and 401(k) plans.

 

The associate will work closely with our third party benefits adminstrator to ensure the plans are managed effectively. They will manage long term project such as the Cash Balance credit posting, Annual Funding Notice, 5500 Audit and other special projects.  They will assist in determining the impact of new policies or provisions and changes in plan design. They will help to develop communications to educate and increase the perceived value of NYL retirement plans.  They research issues that arise and develop a plan to rectify the problem.  They must be comfortable working with large sets of data and perform data analytics.

 

Under the general direction of the Benefits Senior Associate, this position helps support the following activities:

• Work closely with our Benefits Recordkeeper  on Defined Benefit and Defined Contribution benefit administration for New York Life employees and agents.
• Help create communication materials, such as presentations and information packages, to keep employees, agents and management updated on plan changes and amendments
•Support the team in evaluating benefit practices by benchmarking best practices; researching industry and employment trends; tracking legislation and estimating impact.
• Support benefits projects such as the annual Cash Balance credit posting, Annual Funding Notices, 5500 Audit and other special projects
• Generate easy-to-interpret reports based on collected data
• Perform complex benefit calculations, coordinating a variety of inputs from internal and external sources
• Provides management planning and control information by collecting, analyzing, and summarizing benefit data and trends.
• Maintains employee and agent confidence by keeping benefit information confidential.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.

 

Requirements:

Bachelor's degree

2-4 years of retirement and or benefits experience

Intermediate experience with Excel and analyzing reports

Strong communication and presentation skills

SF:LI-AM1

 

EOE M/F/D/V

 

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