Benefits Plan Manager (Plan Administration) Office of Employee Benefits

Federal Reserve Bank of New York; Newark (NJ); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Comprehensive healthcare options

401K match and pension

Paid vacation and holidays

Public transportation subsidies

Education Assistance Program

Professional development programs

And more…

Job summary

The Federal Reserve Bank of Atlanta, serving the Newark, NJ area through the Office of Employee Benefits, seeks an experienced Benefits Plan Manager. You will guide a team responsible for system-wide retirement programs, manage external vendors, and collaborate with internal stakeholders to ensure compliant, high-quality service delivery.

You will report to the AVP, Plan Administration in Newark and oversee multiple programs with a focus on research, benchmarking, and continual program

Qualifications

• Bachelor's degree or 4 years equivalent experience.
• Eight+ years of experience preferred, at least three managing a team.

Responsibilities

• Coach and support those responsible for vendor management across system-wide benefits.
• Maintain current knowledge of legal, regulatory, plan compliance changes for System benefits.
• Use data to regularly recommend benefit plan strategies and cost/impact evaluations.
• Lead continuous improvement in processes and policy enhancements.
• Develop and lead presentations for oversight committees and stakeholders.
• Lead high-visibility projects with measurable outcomes.

Skills

Team leadership

Vendor management

Data analysis

Process improvement

Communication skills

Strategic planning

Education

Bachelor's degree or 4 years equivalent experience

Job description

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. The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

The primary focus of this role is managing a team to be as successful as possible, meeting performance expectations and driving progress every day in our work. This team manages highly complex retirement benefits programs offered to employees, retirees and dependents of the Federal Reserve System. The team manages many facets of relationships and service performances of external vendors, partners with many internal vendors to ensure compliance and best delivery. Critical thinking, financial savvy, collaboration, and strong communication skills are key to effective program management. We’re looking for an experienced and confident people leader, ideally with a background in guiding operational teams through periods of change. Demonstrated ability to drive process improvement, manage projects effectively, and establish procedural rigor through strong team leadership. You’ll manage a team working across the Federal Reserve System, on all retirement programs to research best practices, benchmark programs, evaluate trends, recommend and continuously evaluate the Federal Reserve’s benefits program.

You will report to the AVP, Plan Administration. You will be working in Newark, NJ for a division of the Federal Reserve Bank of Atlanta (Office of Employee Benefits) as part of the Plan Administration team’s one of two Benefits Plan Managers overseeing multiple programs, vendors and communicating with stakeholders across the Federal Reserve System.

Key Responsibilities:

• Serves as coach and support to those accountable for vendor management responsibilities for System-wide benefits programs.
• Ensures self and team maintain current knowledge of and relevant certifications in legal, regulatory, plan compliance and changes for System benefits.
• Uses data to regularly recommend benefit plan strategies, evaluation of plan design changes, cost and participant impact.
• Lead continuous improvement in process and identify policy enhancements and opportunities to offer appropriate benefits backage to the Federal Reserve System.
• Develop and lead presentations for oversight committees and Reserve Bank and Board of Governors stakeholders.
• Lead high-visibility projects with measurable outcomes.

Education: Bachelor's Degree or 4 years equivalent experience Experience: Eight+ years of experience preferred, at least three managing a team

Benefits:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment
• Generously subsidized public transportation
• Education Assistance Program
• Professional development programs, training and conferences
• And more…

This position will require at minimum fingerprinting for a criminal background check, education and employment verification, along with potential additional screening requirements due to the information accessed while performing the job. Any offer of employment is contingent upon satisfactory results of any required background screening. These screenings would be initiated at the time of offer acceptance and can take up to approximately 8 weeks to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. For Law Enforcement positions, physical, psychological, drug, stress/EKG, and attending an academy will be required. Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future. Federal Reserve Bank of Atlanta employees must comply with the Bank’s ethics rules. These rules generally prohibit employees, their spouses/domestic partners, and minor children from holding financial interests (such as common stock and corporate bonds) issued by financial institutions. This prohibition also applies to investment funds that focus on investing in the financial sector. If you, your spouse/domestic partner, or minor child own such securities, you will generally be asked to divest them if you accept an offer of Bank employment. If you have concerns about this prohibition, you should raise the issue with the recruiter for this posting early in the process. 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 Human Resources Family Group Work Shift First (United States of America) 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.

Privacy Notice

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us

Our reputation precedes us. There will always be room for personal growth. Our people are first. You’ll find the right balance. Your responsibilities will be meaningful. We hope that you will be our future colleague.