benefits Specialist (Tarrytown, NY, Us)
Posted on: June 12, 2021
Administers and maintains the daily activities of the Montefiore
Retirement Plans (403b, 457b Executive plans, Deferred Compensation
and HSRP and BURKE Plans and/or others as assigned) in accordance
with all applicable Plan guidelines. Functions as a primary liaison
between employees, retirees and vendors related to the Plan(s), and
advises on eligibility, coverage, and other related matters. Acts
as retirement plans subject matter expert. Participates in projects
associated with the Retirement Plans as needed.
Essential Functions (include the following):
- Provides day-to-day administrative support to the VP HR, Total
Rewards, and the Director of HR Benefits, involving the TDA Plans
for both MMC and the Burke. Also provides administrative support
for other retirement-related benefit plans, such as Retiree Health,
etc., as assigned.
- Acts as the organization's initial point of contact regarding
the qualified and non-qualified retirement plans, as well as other
retirement-related benefits plans (as assigned), for all current
and prospective Plan participants, as well as Plan recordkeeper(s)
and various other third party vendors to the Plan(s).
- Assists in the development, coordination and utilization of
interface files for all data sharing between Montefiore, Plan
record keeper(s) and other Plan vendors. Maintains data integrity
and resolves issues that arise with record-keepers for correction
to administration records (DOTs, DOBs, SSNs, LOA's, etc.).
- Researches and advises HCM Team, Finance, Payroll and others
(as appropriate) regarding corrections to retirement plan
- Reconciles, prepares, coordinates authorization, and delivers
wire transfers/check request to fund employee and employer
contributions to the retirement plans. Coordinates and posts the
enrollments and employees changes to the non-qualified plan
bi-weekly in the Payroll system, as needed. Provides Payroll advice
regarding changes for participants paid through the Confidential
- Coordinates and assists with the preparation and filing of all
legally and Plan-required summary plan documents, notices, forms
and/or other documents, as appropriate. Monitors programs to ensure
compliance with internal guidelines and regulatory requirements and
activities, including annual audits, Form 5500 preparation and
filing, and compliance testing. Responsible for all onsite
activities related to the filings.
- Monitors Plan(s) activities, including loans, deferments, and
coding issues and corrections in Payroll system. Responsible for
authorization of loans, withdrawals, service provider death
notifications and beneficiary confirmation, and completion of
service requests as required.
- Researches and responds to inquiries from past and current
employees with regard to their retirement benefits. Researches and
corrects any/all data - related errors received from employees
regarding the retirement plans.
- Assures the timely and up-to-date maintenance of procedure
manuals related to the employer-sponsored retirement plans, as
- Responsible for all participant forms for the non-qualified
plan distributions, transfers, withdrawals, and deferred elections.
Maintains and archives files of all documents (incl'g meeting
minutes; regulatory correspondence and resolution materials)
related to the TDA Committee and/or other retirement plan(s).
- Assists with the development of employee communications
regarding the retirement plans, including financial well-being
- Under the direction of the Director, HR Benefits, assists in
the oversight of special projects that require integration between
employee retirement benefits and other HR priorities, as well as
merger and acquisition planning activities. Maintains historical
data regarding plans and service providers connected with mergers
and acquisitions, as applicable.
Provide prompt, accurate, courteous service to all customers.
Operate in an ethical manner in accordance with State and Federal
law, the company's Corporate Code of Ethics, Affirmative Action,
Diversity, employee handbook and all other applicable compliance
and operational policies and procedures of the company. Possess a
high degree of integrity.
Bachelor's Degree or equivalent experience
Five (2-5) years of similar or related experience is highly
Attention to detail, excellent written and verbal communications
and interpersonal skills, basic math, organizational, reading
comprehension, interpretation, negotiation, analytical, and
Background, knowledge and understanding of retirement plans and
related contractual documents and laws is desirable, as is
knowledge of pension regulations and an understanding of related
accounting, recordkeeping and PC applications.
Able to work independently and be an effective team member.
Proven ability to successfully accommodate and process a large
volume of customer activities and requests.
Some intercampus travel required (up to ~5%).
Department: Human Resources Bargaining Unit: Non Union Campus:
TARRYTOWN Employment Status: Regular Full-Time Address: 555 South
Shift: Day Scheduled Hours: 8:30 AM-5 PM Req ID: 150902
Montefiore is an equal employment opportunity employer.
Montefiore will recruit, hire, train, transfer, promote, layoff and
discharge associates in all job classifications without regard to
their race, color, religion, creed, national origin, alienage or
citizenship status, age, gender, actual or presumed disability,
history of disability, sexual orientation, gender identity, gender
expression, genetic predisposition or carrier status, pregnancy,
military status, marital status, or partnership status, or any
other characteristic protected by law.
Keywords: Montefiore, Stamford , benefits Specialist (Tarrytown, NY, Us), Other , Tarrytown, Connecticut
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