Benefits Associate

Location Designation: Hybrid - 3 days per week 

Be part of a dynamic team shaping the future of talent at New York Life. As part of Human Resources, you'll contribute to a comprehensive strategy that attracts, develops, and retains top talent. Whether it's identifying future leaders, crafting engaging learning experiences, or fostering a vibrant workplace culture, your work directly empowers individuals and fuels the company's growth. Join us and play a vital role in making New York Life a destination employer for generations to come.

We are seeking a strong communicator with excellent analytical skills to join New York Life’s Benefits Operations group. This position will work with defined contribution plans, defined benefit plans and health and welfare plans, and be responsible for benefits administration. This position reports to the Corporate Vice President of HR Benefits Operations.

What You’ll Do:

• Support the administration and operations for the Pension, 401K Savings Plans and Non-Qualified Deferred Compensation plans, including:
• Ensure the timely processing and accuracy of interfaced from Alight and Empower
• Reconciliation of 401K contributions for employees and agents
• Funding pension payments and 401K contributions
• Coordination of pension indicator and W2 file review
• Coordination between Alight, Mackay and Agency for annual payroll calendars
• Respond to Workflows (Alight), Dovetail tickets, emails and phone calls timely and within our SLA standards
• Testing for Annual Enrollment, Your Benefits Resources updates, Your Total Rewards e-Statements updates
• Process Power of Attorney
• Assist on special Projects as needed
• Work with HR to update participants records for adjusted dates of hire
• Help with the research and pulling together background on escalated cases
• Acquire knowledge of DC< DB and H&W plans for employees, agents and retirees
• Handle reporting retirements and in memoriam information to the NYL News and Nylic Review
• Assist on special projects and handle additional assignments as needed

What You’ll Bring:

• Bachelor’s Degree or equivalent, plus 2-3 years’ experience in HR preferred
• Proficient in MS Office: Word, Excel, Access and PowerPoint
• Strong analytical skills including Excel (Vlookups, pivot tables, spreadsheet compares, test to spreadsheet conversion, formulas)
• Excellent verbal and written communications – position requires daily communication with participants including NYL Agents, employees, retirees, as well as vendors and HR partners
• Strong organization skills, attention to detail, time management and sense of urgency
  
  
  
   

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Pay Transparency

Salary Range:  $62,400-$81,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

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 volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 91682