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DEFINED BENEFITS MANAGER
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, which is responsible for planning and directing the implementation and administration of the frozen Defined Benefit Program.
- Managing employer contribution history and facilitating the efficient operation of this plan.
- Authorizing lump sum or monthly payments to qualified recipients.
- Preparing and communicating information to employees and former employees about the pension program, procedures, changes, and government-mandated disclosures.
- Maintaining knowledge of government regulations, retirement program trends, and prevailing practices; analyzing plans for cost-control and risk-assessment factors; evaluating vendor services and making recommendations to management.
- Providing high quality customer service to employees/plan participants by answering retirement pension questions, resolving problems related to benefits, and processing enrollment forms and benefit changes.
- Maintaining employee pension data in automated Human Resources Information System and coordinating transfer of data to external vendors, plan providers, auditors, and consultants.
- Notifying employees and labor union representatives of changes in retirement programs.
- Regularly auditing retirement plans for compliance with government regulations.
- Documenting and maintaining administrative procedures and providing suggestions for continuous improvements.
- Coordinating and assisting with committee meeting planning and setup.
- Performing 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.
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 Salary
Maximum Salary: $85,000/ann
Minimum Salary: $80,000/ann
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 offers a wide array of affordable, comprehensive, and competitive benefits.
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?
- * Do you have a minimum of five years of related experience in benefit (retirement) administration or related field?
Applicant Documents
Required Documents Optional Documents - Cover Letter/Letter of Application
Loyola University Chicago | Information: (773) 508 - 6000
1032 W Sheridan Rd | Chicago, IL | 60660
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