Director of Retirement Benefits Administration - Staten Island, United States - Crossroads Healthcare Mgmt

Description

Crossroads Healthcare Management is a NY based, industry leading, company that values career development, collaboration, innovation and teamwork from our valued associates.

We strive towards building an environment where everyone takes pride being part of a company that is committed to excellence.

We place a high value on building solid relationships with our employees, clients and business partners.

Crossroads is a third Party Administrator (TPA) with a decade's long track record of successfully managing our client's multi-employer, self-funded health plans.

We work with major, NY area PPO networks, in accordance with the various client Plan's Summary Plan Descriptions (SPD's).

These plans provide hospital, major medical, prescription drug, dental, vision, short-term disability, life insurance and AD&D benefits to approximately 15,000 active union members and their eligible dependents, including retirees and beneficiaries.

Our client's members primarily work in the greater New York area.

We're currently seeking an exceptional
Director of Retirement Benefits Administration. This critical role is responsible for leading and managing all of the related daily team operations and activities. The team administers multiple Defined Benefit and Defined Contribution retirement plans.

To be successful in this role, an individual must be able to excel in all of the functions listed below.

Department Leadership

• Develop team goals and objectives; evaluate and recommend new approaches, policies, and procedures to improve organization and team effectiveness.
• Serve as senior knowledge resource on retirement plan operations.
• Provide interpretation and guidance on plan rules and requirements for all retirement plans administered by the Company.
• Collaborate with other team leaders and serve as a goto resource for the Member Support team.
• Serve as a liaison with retirement plan professionals, including Actuaries and Attorneys.

Retirement Plan Compliance and Quality Assurance Oversight

• Stay up to date on current and upcoming retirement plan related laws, regulations, and other requirements.
• Stay familiar with, and knowledgeable about, plan documents, Summary Plan Descriptions, policies and procedures for all retirement plans administered by the Company.
• Ensure compliance with plan policies, procedures, and client directives for each retirement plan administered by the Company.
• Develop, recommend, and implement a retirement plan compliance calendar, ensuring that work is managed in order to meet all deadlines consistently.
• Identify risks and exposure in current workflows and processes.
• Establish and monitor team performance metrics, such as turnaround time, for retirement claims processing.
• Establish and monitor quality assurance program for retirement claims processing and Member Support.
• Review retirement plan calculations as needed.

Supervisory Functions

• Lead, guide, direct, and evaluate team members; provide feedback on individual and team performance.
• Create opendoor environment and build credibility with team.
• Establish individual performance objectives and goals; hold regular staff meetings with planned agendas to review goals and progress.
• Demonstrate accountability.
• Perform disciplinary action when necessary; ensure appropriate documentation is in place for performance related issues.

OTHER FUNCTIONS

• Perform other administrative duties as assigned.

EDUCATION / EXPERIENCE
To perform this job successfully, an individual must have the following education and/or experience:

• Minimum of bachelor's degree in business management, finance, accounting, or a related field.
• Minimum of seven years' experience in administration of retirement plans.
• Minimum of five years' experience managing and directing the work of others.

KNOWLEDGE, SKILLS, AND ABILITIES
The requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily. The Company will make reasonable accommodations to enable individuals with disabilities to perform these functions.

• Excellent verbal/written communication and interpersonal skills, including active listening skills.
• Ability and desire to work in a fastpaced environment with multiple demands and priorities.
• Ability to manage department workflows in order to consistently meet deadlines.
• Ability to focus on details, handle multiple tasks, and remain highly organized in a fastpaced environment.
• Ability to make recommendations to effectively solve problems, using judgment consistent with standards, practices, policies, and procedures.
• Demonstrate ability to lead and develop team members, objectively coach employees and administer progressive discipline.
• Demonstrate ability to serve as a knowledgeable and trusted resource to the leadership team.
• Knowledge of Microsoft Office, including Word, Excel, Outlook, and PowerPoint.
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