2 Retirement Benefits Specialist Jobs in Ithaca, NY
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Retirement Benefits Specialist
$59k-86k (estimate)
Full Time
2 Weeks Ago
Cayuga Medical Center at Ithaca is Hiring a Retirement Benefits Specialist Near Ithaca, NY
Company OverviewCayuga Health is the region's leading healthcare system, and most trusted driver of integrated health services, together with valued partners. We empower our people and employ our capabilities to equitably improve the well-being of the communities we serve. At Cayuga Health System, our commitment to providing extraordinary health care begins with our team. Our extraordinary professionals are continuously discovering clinical innovations and enhanced access to the most up-to-date facilities, equipment, technologies, and research protocols. We have a commitment to its employees by providing competitive rates and compensation, a comprehensive employee benefits programs, attractive working conditions, and the chance to build and explore a career opportunity by offering professional development.
Nestled in the beautiful Finger Lakes region, Cayuga Health provides an outstanding place to work in a vibrant community. Come discover all that Ithaca, New York and Cayuga Health has to offer!
This position administers the CHS retirement benefit programs. Functional responsibilities include the effective management, administration, and compliance of retirement plans such as 401(k) and 403(b) accounts, pension funds, and other retirement savings options available to employees. The role involves overseeing plan operations, ensuring adherence to regulatory requirements, and optimizing the programs for the benefit of participants.
Position Overview
Experience: 5-7 years of progressively responsible experience managing employee retirement programs, including both defined benefits and defined contribution plans and knowledge of defined benefits self-administration desired.
Certification: CEBS, PHR, SPHR, SHRM-CP, SHRM-SCP or relevant certifications preferred.
Physical Nature Of The JobRepetitive use of hands and fingers, such as use of computer mouse and keyboard. May require use of lifting and carrying light lads up to 10 pounds. Sitting and/or standing for long periods of time.
At this time Cayuga Health System will not sponsor a new applicant for employment authorization for this position.
If you are interested in applying for this position and you require an accommodation, please contact Cayuga Health System at hr@cayugamed.org
Cayuga Health System Commitment to Diversity, Equity & Inclusion
Cayuga Health System commits to treating all people with dignity so that everyone who comes to us is safe, cared for, and respected. We will support the growth of our employees and the health of our community by embracing the rich diversity of social and cultural identities, needs, and life circumstances of all people. We strive to recognize and overcome personal biases and systemic policies that marginalize others and contribute to disparities in healthcare access, equitable care, and good health outcomes.
Cayuga Health is dedicated to our vision for diversity, equity, and inclusion. As we strive towards our vision, we welcome the opportunity to work alongside a diverse range of employees.
Salary: $75000 - $90000 per year
Job Posted by ApplicantPro
Nestled in the beautiful Finger Lakes region, Cayuga Health provides an outstanding place to work in a vibrant community. Come discover all that Ithaca, New York and Cayuga Health has to offer!
This position administers the CHS retirement benefit programs. Functional responsibilities include the effective management, administration, and compliance of retirement plans such as 401(k) and 403(b) accounts, pension funds, and other retirement savings options available to employees. The role involves overseeing plan operations, ensuring adherence to regulatory requirements, and optimizing the programs for the benefit of participants.
Position Overview
- Retirement Plan Administration: Oversee the administration of CHS retirement benefit programs, including 401(k), 403(b), and pension plans. Ensure that these programs are effectively managed and optimized for the benefit of employees.
- Regulatory Compliance: Ensure retirement plans adhere to all applicable laws and regulations, including ERISA, IRS guidelines, and DOL requirements. Maintain accurate records and documentation to support audits and compliance checks.
- Plan Optimization: Conduct in-depth analysis of retirement accounts and recommend strategies to maximize returns and optimize plans. Monitor investment performance and propose reallocation options when necessary.
- Enrollment Support: Facilitate plan enrollments and assist employees in understanding contribution options, investment choices, and savings strategies. Provide guidance on how to best utilize their retirement plans.
- Employee Education: Conduct workshops and one-on-one sessions to educate employees on retirement planning, investment options, and the benefits of various programs. Help them make informed decisions for their financial future.
- Communication: Serve as a point of contact for employee inquiries related to retirement benefits. Provide clear and timely responses and communicate any changes to retirement programs effectively.
- Industry Monitoring: Stay abreast of industry trends, financial markets, and new retirement products. Evaluate how these changes may impact retirement planning strategies and implement adjustments accordingly.
- Reporting and Analysis: Prepare regular reports on plan performance, participant engagement, and compliance status. Present findings to CHS leadership, highlighting areas for improvement and proposing solutions to enhance retirement benefits programs.
Experience: 5-7 years of progressively responsible experience managing employee retirement programs, including both defined benefits and defined contribution plans and knowledge of defined benefits self-administration desired.
Certification: CEBS, PHR, SPHR, SHRM-CP, SHRM-SCP or relevant certifications preferred.
- Ability to analyze complex data and summarize it in easily understandable form.
- Strong knowledge and understanding of retirement plan regulations, plan designs and third-party record keeping/administration required. Self-administration experience is desired.
- Project management skills to manage major annual projects such as open enrollment and recordkeeping maintenance.
- Ability to maintain confidentiality, to ensure trust and compliance with Health Insurance Portability Accountability Act (HIPAA).
- Ability to work in a fast-paced, high-volume environment, and to maintain confidentiality.
- Ability to establish and maintain effective positive working relationships with co-workers and CHS team members.
- Ability to apply proactive and innovative solutions to everyday challenges.
- Working knowledge of all applicable employment laws.
- Excellent oral and written communications skills.
- Ability to work independently with minimal supervision.
Physical Nature Of The JobRepetitive use of hands and fingers, such as use of computer mouse and keyboard. May require use of lifting and carrying light lads up to 10 pounds. Sitting and/or standing for long periods of time.
At this time Cayuga Health System will not sponsor a new applicant for employment authorization for this position.
If you are interested in applying for this position and you require an accommodation, please contact Cayuga Health System at hr@cayugamed.org
Cayuga Health System Commitment to Diversity, Equity & Inclusion
Cayuga Health System commits to treating all people with dignity so that everyone who comes to us is safe, cared for, and respected. We will support the growth of our employees and the health of our community by embracing the rich diversity of social and cultural identities, needs, and life circumstances of all people. We strive to recognize and overcome personal biases and systemic policies that marginalize others and contribute to disparities in healthcare access, equitable care, and good health outcomes.
Cayuga Health is dedicated to our vision for diversity, equity, and inclusion. As we strive towards our vision, we welcome the opportunity to work alongside a diverse range of employees.
Salary: $75000 - $90000 per year
Job Posted by ApplicantPro
Job Summary
JOB TYPE
Full Time
SALARY
$59k-86k (estimate)
POST DATE
06/06/2024
EXPIRATION DATE
07/19/2024
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The job skills required for Retirement Benefits Specialist include Planning, Written Communication, Analysis, Leadership, Confidentiality, etc. Having related job skills and expertise will give you an advantage when applying to be a Retirement Benefits Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Retirement Benefits Specialist. Select any job title you are interested in and start to search job requirements.
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The following is the career advancement route for Retirement Benefits Specialist positions, which can be used as a reference in future career path planning. As a Retirement Benefits Specialist, it can be promoted into senior positions as an Enrollment & Billing Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Retirement Benefits Specialist. You can explore the career advancement for a Retirement Benefits Specialist below and select your interested title to get hiring information.
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