Benefits Plans Manager - Newark, NJ

Company

Federal Reserve Bank of Atlanta

As an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in Newark, NJ, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

You will be working in Newark, NJ for a division of the Federal Reserve Bank of Atlanta (Office of Employee Benefits -OEB) and will be responsible for managing benefit programs across the Federal Reserve System. Develop and execute plans pertaining to benefits offerings in alignment with Federal Reserve Banks and OEB's strategic objectives. You will work with Federal Reserve System (Banks and Board) and Consumer Financial Protection Bureau (CFPB) payroll and HR groups on plan interpretations, participant inquiries and appeals and payroll matters impacting the benefits plans. Accountable for the day-to-day operations and administration of one or more of the System’s retirement and executive benefits plans. Provide guidance in addressing benefits related issues and interpret applicable plan provisions, legislation, and regulations pertaining to the administration of the benefits plans.

You will work closely with staff, management, and senior leadership to deliver top-tier benefits programs to plan participants and stakeholders. Ensure that programs, practices, and policies comply with applicable laws and regulations. You will report to the SVP Plan Administration.

Key Responsibilities:

• Research complex issues and respond to inquiries from service providers, stakeholders, and plan participants.
• Responsible for developing and leading training and information sessions on benefits plans for senior executives, System HR personnel and plan participants.
• Accountable for day-to-day operations and administration of one or more Federal Reserve System benefits plans.
• Provide oversight and direction to team of experienced professionals involved in the administration of benefits plans and management of external vendors.
• Focus on policy and strategy implementation.
• Influence others outside of their own job area regarding policies, practices, and procedures.
• Advise and educate other members of the department on various benefits topics including new benefit programs, regulatory changes and policies and procedures.
• Mix of strategic, tactical, and transactional responsibilities.
  
  

Education: Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred

Experience: Eight plus years preferred

Knowledge Areas:

• Extensive experience with qualified and non-qualified benefits plans and executive benefits plans.
• Knowledgeable of governmental plans, payroll/HRIS systems and benefits recordkeeping services.
  
  

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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