CUNY University Retirement Plan Asset Officer (Univ HR Benefits Director) in New York, New York
The Office of Human Resources Management (OHRM) at the City University of New York (CUNY) is responsible for developing the University's human resources guidelines, standards, rules, and regulations. It enforces federal, state, and local employment laws and University mandates as well as ensures compliance with the Board of Trustees' policies and procedures regarding employment, including affirmative action and equal opportunity employment. Within OHRM, the University's Benefits Office covers approximately 40,000 full- and part-time employees at 24 colleges across the five boroughs of New York City.
Reporting to the University Executive Director of Benefits, the University Retirement Plan Asset Officer has oversight responsibility for the long-term employee retirement investment programs of the City University of New York. Participates in periodic reviews of CUNY's Retirement Plan policies and objectives; monitors the performance as the liaison with consultants and vendors; and prepares monthly ad-hoc reports on performance for the Vice Chancellor. Reviews vendor contracts, researches, evaluates, and advises management on current and emerging developments and trends in the field of employee retirement plans and programs.
Duties include but will not be limited to the following:
Establishes plan governance structure and investment framework.
Establishes best-in-class investment lineup and examine the fees participants pay to each fund to ensure that it offers returns on their investments.
Provides guidance and recommendations on additional mutual funds for the TIAA TDA contracts.
Evaluates options with respect to expansion of variable annuity contracts.
Assesses feasibility of potential plan amendments, consolidation, or cash outs.
Develops and conducts audits of the plan to ensure compliance with plan documents and New York State Law.
Oversees withdrawal/distribution and loans/hardships to ensure plan compliance.
Responsible for all compliance mailings such as Universal Availability Notice and Required Minimum Distribution.
In partnership with consultants and vendors develops and implements communication and education strategy for all levels of participants.
In partnership with consultant and vendor develop technology enhancements to increase the efficiency of the enrollment and contribution remittance process.
Bachelor's degree and eight years' related experience required.
The successful candidate will have the following knowledge, skills, and abilities:
Eight or more years of progressively responsible experience managing employee retirement plans and programs in higher education or complex public institution.
Advanced degree in Finance, Accounting, or related field.
Thorough understanding of federal, state, and local employment laws and regulations governing retirement plans.
Experience in Financial Services research and analysis.
General knowledge of capital markets, investment issues, benefits laws, and investment organizations.
Extensive knowledge of and experience with public sector, CUNY, and New York City retirement programs.
Strong communication and presentation skills.
CUNY TITLE OVERVIEW
Leads the University's development and implementation of employee benefit policies and programs so that they continue to be visible and valued elements of the employee value proposition.
Conducts regular analyses of University benefits plan offerings, evaluating cost, usage, and impact, and making recommendations for improvement
Partners with University and College HR, Benefits, and Payroll professionals to discuss design and service issues, provide training on benefits administration, and implement new policies and programs
Manages external vendor relationships
Interprets and implements benefits-related laws, regulations, and University policies
Provides leadership of the University Benefits department, managing professional and administrative staff
Performs related duties as assigned.
Higher Education Officer
COMPENSATION AND BENEFITS
Salary is commensurate with qualifications, education and experience.
CUNY's benefits contribute significantly to total compensation, supporting health and wellness, financial well-being, and professional development. We offer a range of health plans, competitive retirement/pension benefits and savings plans, tuition waivers for CUNY graduate study and generous paid time off. Our staff also benefits from the extensive academic, arts, and athletic programs on our campuses and the opportunity to participate in a lively, diverse academic community in one of the greatest cities in the world.
HOW TO APPLY
For full consideration, submit a cover letter and résumé online via CUNY's web-based job system, addressing how your experience and credentials fulfill the responsibilities and qualifications outlined.
The direct link to the job opening from external sources is: https://home.cunyfirst.cuny.edu/psp/cnyepprd/GUEST/HRMS/c/HRSHRAM.HRSCE.GBL?Page=HRSCEJOB_DTL&Action;=A&JobOpeningId;=15707&SiteId;=1&PostingSeq;=1
Open until filled; application reviews begin October 20, 2016.
JOB SEARCH CATEGORY
CUNY Job Posting: Managerial/Professional
EQUAL EMPLOYMENT OPPORTUNITY
CUNY encourages people with disabilities, minorities, veterans and women to apply. At CUNY, Italian Americans are also included among our protected groups. Applicants and employees will not be discriminated against on the basis of any legally protected category, including sexual orientation or gender identity. EEO/AA/Vet/Disability Employer.
Location: Central Office
Job Title: University Retirement Plan Asset Officer (Univ HR Benefits Director)
Job ID: 15707
Full/Part Time: Full-Time