The Teamsters Joint Council 83 Health & Welfare and Pension Funds ("the Funds"), located in Richmond, VA, are currently seeking an Executive Director - Benefits ("Executive Director") to oversee the administration of and run the office for three (3) multiemployer benefit plans covering more than 4,000 participants: one (1) defined benefit pension fund as well as two (2) health and welfare funds. The position oversees all aspects of the administration of the Funds, and has day-to-day management responsibility for the operational, organizational and financial administration. The position supervises a team of managers and Fund Office staff and reports directly to the Boards of Trustees of the Funds.
The Teamsters Joint Council 83 Health & Welfare Funds provide health, prescription, vision and dental benefits to eligible participants and dependents, and the Pension Fund provides retirement benefits to eligible participants. The Pension Fund has assets of approximately $1 billion. To learn more about the Funds, please visit www.tjc83funds.org/.
The Executive Director position is a working management position and requires the Executive Director to be on-site and, in the office, on a full-time basis (this is not a remote or hybrid position). The successful candidate must effectively direct, work alongside, motivate, oversee training, and evaluate performance for a unionized Fund Office staff. The Executive Director must interact collaboratively with the managers, participants, contributing employers, professional advisors, Trustees and colleagues, at all levels, both inside and outside the organization. Good communication skills and ability to prioritize tasks are key in this fast-paced environment. The position also presents an opportunity to build a team.
For the Executive Director position, the Funds offer an annual salary range of $250,000 - $285,000, commensurate with experience. In addition, the Funds provide an excellent and comprehensive benefit package that includes a 401(k), health insurance, dental and vision insurance as well as paid time off.
Responsibilities
Specific responsibilities include, but are not limited to:
Day-to-day Operations: Ensure financial and operational accuracy; establish and monitor operational policies, procedures and standards to ensure efficiency, accuracy and prompt, service to participants; prioritize workloads; maintain appropriate audit and control procedures for benefit payments to members, including calculation and verification of final benefits; handle escalated customer service issues.
Financial Accounting: Work with the finance organization to maintain general ledger and other financial records, for all of the Funds, and prepare cash flow reports and monthly financial statements; ensure completion of all transfers and other cash management duties; complete monthly bank reconciliations; monitor investments for compliance with Funds' investment policies; coordinate employer payroll audits; work closely with the audit team and outside auditors in the preparation of year-end schedules, financial statements, and annual compliance reporting, including 5500, 990's and Summary Annual Report, and completion of annual audits.
Compliance: Work to ensure that operational procedures comply with plan rules and local, state, and federal laws and regulations; consult with outside professionals on compliance matters, as needed; help prepare and assist professionals with submission of government mandated forms; remain familiar with plan provisions for all of the Funds and about new regulations, or other conditions affecting the Funds and their administration.
Communication: Assist with communicating plan and policy changes and other information to staff, participants, contributing employers, unions, and other plan professionals and colleagues; coordinate the completion and distribution of participant communications and notices on-time.
Board Meetings: Prepare and present management reports related to benefit administration/operations; assist with coordination of Board meetings and materials for meetings using software to distribute meeting materials and to conduct electronic meetings, when appropriate; attend live and virtual Board, committee and other meetings, as directed by the Trustees.
Systems and Technology: Assist in the maintenance and updating of systems to support the Funds' recordkeeping, benefit processing and participant service needs; Assist IT professionals with the development of system requirements and implementation of any new benefits administration systems and tools.
Requirements
The ideal candidate will meet the following requirements:
Work Experience: Minimum of five (5) years of experience as an Executive Director or Administrator of one (1) or more multiemployer funds with full management responsibility, with respect to one (1) or more funds; accounting experience helpful, as well as experience/knowledge related to processing health claims. Ten (10) or more years of experience with increased responsibility in benefit plan administration may be considered in lieu of five (5) years of experience as an Executive Director or Administrator of one (1) or more multiemployer funds.
Management Experience: Experience building and leading a team is required. Management experience in a unionized environment is preferred.
Educational Background: Bachelor's degree is required; advanced degree (e.g., MBA) or CEBS certification is preferred.
Special Skills or Credentials: The ideal candidate will have experience providing accounting and financial reporting functions, including experience with benefit plan software (such as ISSI or basys); extensive knowledge of employee benefit plans and related governmental/legislative regulations (ERISA, IRC, HIPAA/HITECH, ACA, PPA, etc.) including knowledge of plan design and interpretation; demonstrated management and judgment skills; exceptional interpersonal and communication (written and oral) skills; business acumen and strong analytical skills, including the ability to interpret operational, auditing and financial information; a thorough knowledge of, and appreciation for, the regulatory and political environment; and the ability to act with autonomy. The ideal candidate will also be detail oriented, efficient and highly organized. Some travel is required.
To Apply
The Funds are an equal opportunity employer and make employment decisions on the basis of qualifications, merit and business needs. We want to have the best available person in every job.
The Funds are committed to complying with all applicable laws providing equal employment opportunities to individuals regardless of race, color, religion and religious creed, sexual orientation, marital status, age, national origin, ancestry, citizenship, physical or mental disability, sex, gender, gender identity, gender expression, transgender status, sexual orientation, and military and/or veteran status, or any other consideration made unlawful by federal, state or local laws. This commitment applies to all persons involved in the operations of the company and prohibits unlawful discrimination by any employee of the Funds.
To apply, please send your resume and salary requirements to atcresumes@segalco.com. Please include job reference code 0424TJC83LI in the subject line or with your application.