DEFINED BENEFITS MANAGER
Loyola University Chicago
Position Details Position Details Job Title DEFINED BENEFITS MANAGER Position Number 8100665 Job Category University Staff Job Type Full-Time FLSA Status Exempt Campus Chicago-Water Tower Campus Department Name HUMAN RESOURCES Location Code HUMAN RESOURCES:RETIREMENT (04600D) Is this split and/or fully grant funded? No Duties and Responsibilities Loyola University Chicago invites applications for our Defined Benefits Manager position.
- Plans and directs implementation and administration of the frozen defined benefitprogram. Duties involve managing employer contribution history and facilitating theefficient operation of this plan. Authorizes lump sum or monthly payments to qualifiedrecipients.- Prepares and communicates information to employees and former employeesabout the pension program, procedures, changes, and government-mandateddisclosures.- Directly responsible for maintaining knowledge of and changes in governmentregulations, retirement program trends, and prevailing practices among similarorganizations; analyzes plans for cost-control and risk-assessment factors andevaluates vendor services, coverage, and options available through vendors todetermine programs best meeting needs of organization as well as makesappropriate recommendations to management.- Provides high quality customer service to employees / plan participants byanswering their retirement pension questions, resolving problems related to benefits,responding to retiree inquiries and process enrollment form and benefit changes.-Maintains employee pension data in automated human resources information systemand coordinate transfer of data to external vendors, plan providers, auditors, andconsultants.- Notifies employees and labor union representatives of changes in retirementprograms.- Regularly audits retirement plans for compliance with government regulations;supports IRS/DOL compliance activities (governance, govt. filings, premium payments, etc.)- Document and maintain administrative procedures and provide suggestions for continuous improvements- Coordinate and assist with committee meeting planning and setup- Performs other duties as required Minimum Education and/or Work Experience BA or BS degree in human resource management, accounting, finance or related business field and five or more years of related experience in benefit (retirement) administration or related field. Certificates and Licenses: Prefer a Certified Benefits Professional (CBP), Certified Employee Benefits Specialist (CEBS), or Society for Human Resource Management certification (SPHR or PHR) designation or substantial progress towards such certification. Qualifications BA or BS degree in human resource management, accounting, finance or related business field and five or more years of related experience in benefit (retirement) administration or related field.
Certificates/Credentials/Licenses Certificates and Licenses: Prefer a Certified Benefits Professional (CBP), Certified Employee Benefits Specialist (CEBS), or Society for Human Resource Management certification (SPHR or PHR) designation or substantial progress towards such certification. Computer Skills - MS Word processing, MS Excel or Spreadsheets, MS PowerPoint and MS Access or Database Software.
- Adept user of Internet, e-mail, third-party vendor systems, and other office automation systems. Supervisory Responsibilities No Required operation of university owned vehicles No Does this position require direct animal or patient contact? No Physical Demands None Working Conditions None Open Date 12/19/2024 Close Date Position Maximum Salary or Hourly Rate $85,000/ann Position Minimum Salary or Hourly Rate $80,000/ann Special Instructions to Applicants About Loyola University Chicago Loyola University Chicago is a private Jesuit University founded in 1870 by the Society of Jesus. One of the largest Catholic Universities in the United States, Loyola’s professional schools include programs in medicine, nursing, and health sciences anchored by the Loyola University Medical Center, and the Loyola University Chicago School of Law. Comprised of thirteen colleges and schools, Loyola University Chicago offers more than 80 undergraduate and 140 graduate/professional programs while enrolling approximately 17,000 students. In addition to offering a world class educational experience, Loyola University Chicago strives to be an employer of choice by offering its staff and faculty a wide array of affordable, comprehensive, and competitive benefits. Our benefits are centered on health and wellness, financial security, equity, and work-life balance. We offer medical, dental, vision, 403(b), HSA, FSAs, tuition benefit, pre-tax transit benefits, EAP, and more. To view our benefits in detail, click here.
As one of the nation’s largest Jesuit, Catholic Universities, Loyola University Chicago fosters a transformative cultural experience that honors Diversity, Equity, and Inclusion. We are committed to recruiting and retaining a diverse, mission driven workforce that enables a culture of inclusivity. We act with the heart of a nonprofit organization and an academic enterprise with ethical practices that advance the Jesuit Mission. Loyola actively seeks to build a community of diverse opinions, perspectives, and backgrounds that support our Jesuit tradition, while helping Ramblers foster a sense of belonging and affinity for all.
Loyola University Chicago is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion (except where religion is a bona fide occupational qualification for the job), national origin, sex, age, disability, marital status, sexual orientation, gender identity, protected veteran status or any other factor protected by law.
Quick Link for Posting https://www.careers.luc.edu/postings/30485 Supplemental Questions
- Plans and directs implementation and administration of the frozen defined benefitprogram. Duties involve managing employer contribution history and facilitating theefficient operation of this plan. Authorizes lump sum or monthly payments to qualifiedrecipients.- Prepares and communicates information to employees and former employeesabout the pension program, procedures, changes, and government-mandateddisclosures.- Directly responsible for maintaining knowledge of and changes in governmentregulations, retirement program trends, and prevailing practices among similarorganizations; analyzes plans for cost-control and risk-assessment factors andevaluates vendor services, coverage, and options available through vendors todetermine programs best meeting needs of organization as well as makesappropriate recommendations to management.- Provides high quality customer service to employees / plan participants byanswering their retirement pension questions, resolving problems related to benefits,responding to retiree inquiries and process enrollment form and benefit changes.-Maintains employee pension data in automated human resources information systemand coordinate transfer of data to external vendors, plan providers, auditors, andconsultants.- Notifies employees and labor union representatives of changes in retirementprograms.- Regularly audits retirement plans for compliance with government regulations;supports IRS/DOL compliance activities (governance, govt. filings, premium payments, etc.)- Document and maintain administrative procedures and provide suggestions for continuous improvements- Coordinate and assist with committee meeting planning and setup- Performs other duties as required Minimum Education and/or Work Experience BA or BS degree in human resource management, accounting, finance or related business field and five or more years of related experience in benefit (retirement) administration or related field. Certificates and Licenses: Prefer a Certified Benefits Professional (CBP), Certified Employee Benefits Specialist (CEBS), or Society for Human Resource Management certification (SPHR or PHR) designation or substantial progress towards such certification. Qualifications BA or BS degree in human resource management, accounting, finance or related business field and five or more years of related experience in benefit (retirement) administration or related field.
Certificates/Credentials/Licenses Certificates and Licenses: Prefer a Certified Benefits Professional (CBP), Certified Employee Benefits Specialist (CEBS), or Society for Human Resource Management certification (SPHR or PHR) designation or substantial progress towards such certification. Computer Skills - MS Word processing, MS Excel or Spreadsheets, MS PowerPoint and MS Access or Database Software.
- Adept user of Internet, e-mail, third-party vendor systems, and other office automation systems. Supervisory Responsibilities No Required operation of university owned vehicles No Does this position require direct animal or patient contact? No Physical Demands None Working Conditions None Open Date 12/19/2024 Close Date Position Maximum Salary or Hourly Rate $85,000/ann Position Minimum Salary or Hourly Rate $80,000/ann Special Instructions to Applicants About Loyola University Chicago Loyola University Chicago is a private Jesuit University founded in 1870 by the Society of Jesus. One of the largest Catholic Universities in the United States, Loyola’s professional schools include programs in medicine, nursing, and health sciences anchored by the Loyola University Medical Center, and the Loyola University Chicago School of Law. Comprised of thirteen colleges and schools, Loyola University Chicago offers more than 80 undergraduate and 140 graduate/professional programs while enrolling approximately 17,000 students. In addition to offering a world class educational experience, Loyola University Chicago strives to be an employer of choice by offering its staff and faculty a wide array of affordable, comprehensive, and competitive benefits. Our benefits are centered on health and wellness, financial security, equity, and work-life balance. We offer medical, dental, vision, 403(b), HSA, FSAs, tuition benefit, pre-tax transit benefits, EAP, and more. To view our benefits in detail, click here.
As one of the nation’s largest Jesuit, Catholic Universities, Loyola University Chicago fosters a transformative cultural experience that honors Diversity, Equity, and Inclusion. We are committed to recruiting and retaining a diverse, mission driven workforce that enables a culture of inclusivity. We act with the heart of a nonprofit organization and an academic enterprise with ethical practices that advance the Jesuit Mission. Loyola actively seeks to build a community of diverse opinions, perspectives, and backgrounds that support our Jesuit tradition, while helping Ramblers foster a sense of belonging and affinity for all.
Loyola University Chicago is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion (except where religion is a bona fide occupational qualification for the job), national origin, sex, age, disability, marital status, sexual orientation, gender identity, protected veteran status or any other factor protected by law.
Quick Link for Posting https://www.careers.luc.edu/postings/30485 Supplemental Questions
Required fields are indicated with an asterisk (*).
* Do you have a BA or BS degree in human resource management, accounting, finance, or a related business field? Yes No * Do you have a minimum of five years of related experience in benefit (retirement) administration or related field? Yes No Applicant Documents Required Documents Resume Optional Documents Cover Letter/Letter of Application
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