DEFINED BENEFITS MANAGER

Loyola University Of Chicago

403(b)

United States, Illinois, Chicago

820 North Michigan Avenue (Show on map)

Jan 06, 2025

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. Duties and Responsibilities Involve: 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. Directly responsible for maintaining knowledge of and changes in government regulations, retirement program trends, and prevailing practices among similar organizations; analyzes plans for cost-control and risk-assessment factors and evaluates vendor services, coverage, and options available through vendors to determine programs best meeting needs of organization as well as makes appropriate recommendations to management. Providing high quality customer service to employees / plan participants by answering their retirement pension questions, resolving problems related to benefits, responding to retiree inquiries and process enrollment form and benefit changes. Maintaining employee pension data in automated Human Resources Information System and coordinates 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; (Supporting IRS/DOL compliance activities (governance, govt. filings, premium payments, etc.). Documenting and maintaining administrative procedures and provide suggestions for continuous improvements. Coordinating and assist 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.
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