Director of Benefits- Retirement & Thrift Plan Administration at Federal Reserve Bank (FRB) in Newark, New Jersey

Job Description:

Company

Federal Reserve Bank of Atlanta

As an employee of the Atlanta Fed, 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.

We are a dynamic hybrid workplace environment that requires at least 2 days a week in the office.

The Office of Employee Benefits (OEB) is responsible for the administration of the Federal Reserve System`s benefit programs, supporting a broad benefits strategy. Accountable for development, oversight, administration, communication, and measurement of these benefits programs.  Responsible for the design and oversight of benefits programs that align rewards with the Bank's overarching goals. You will analyze market data to assess competitive positioning and manage benefit programs, vendors and processes. You will be part of the OEB plan administration leadership team responsible for providing oversight, strategic direction and development opportunities for other People Leaders and experienced professionals. You will report to the SVP Plan Administration.   

We are a hybrid work environment.

Location: Newark, N.J.

Key Responsibilities:

• Responsible for the management, ongoing administration and strategic direction of the Federal Reserve’s defined contribution, defined benefit and executive benefits plans.




• Provide leadership and oversight, development opportunities, and strategic direction to other People Leaders and experienced benefits professionals. Perform personnel management functions such as hiring, staff development, employee performance appraisals, compensation decisions, and other personnel actions.




• Provide strategic direction for long-term results by studying and evaluating benefit trends and the environmental landscape to analyze all assigned benefit plans and make vendor recommendations. Recommend benefit plan design & enhancements, communicate developments in the benefits marketplace, and continue to be well versed in industry best practices - leveraging information to make strategic recommendations. 




• Advise, educate, and influence others across the Federal Reserve System and cross functionally within the OEB on various benefit program topics including plan design, new benefit programs, regulatory changes and policies and procedures.

Education: Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred

Experience: Eight plus years preferred
 

Qualifications:

• 7+ years of progressively responsible benefits experience, including management experience.




• Leadership skills to manage employees, motivate teams, delegate tasks and inspire others.




• Experience in the design and administration of retirement programs, requiring interaction with senior/executive management teams.




• Exceptional vendor management skills.




• Demonstrated ability to partner and move projects and programs forward independently, yet in collaboration with key stakeholders.




• Knowledge of the structure of retirement plans, pensions, 401(k) etc.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• 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




• Annual tuition reimbursement




• Professional development programs, training and conferences




• And more…

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

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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