Sr Retirement Consultant
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Job Location:
Danbury, CT - USA
Hourly Salary:
$ 33 - 61
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Description
Position at Nuvance Health
At Nuvance Health we enjoy the benefits of a two-state system as we cultivate an inclusive culture where everyone feels welcomed respected and supported. Together we are a team of 15000 strong hearts and open minds. If you share our values of connected personal agile and imaginative we invite you to discover whats possible for you and your career.
Summary:
The Senior Retirement Consultant is responsible for overseeing the administration compliance and strategic management of retirement programs for a healthcare system with approximately 10000 employees across multiple union and non-union groups. This role ensures accurate plan operations regulatory compliance and effective communication of retirement benefits including legacy defined benefit (DB) plans defined contribution (DC) plans and supplemental retirement arrangements.
Responsibilities:
1. Manage day-to-day operations of retirement plans including legacy DB plans 403(b)/401(k) plans and union-specific pension arrangements.
2. Coordinate with third-party administrators actuaries and investment managers to ensure timely and accurate processing of contributions distributions and benefit calculations.
3. Coordinate with third-party administrators actuaries and investment managers to ensure timely and accurate processing of contributions distributions and benefit calculations.
4. Ensure compliance with ERISA IRS DOL and applicable state regulations.
5. Monitor legislative and regulatory changes impacting retirement programs and recommend necessary adjustments.
6. Maintain accurate plan documentation Summary Plan Descriptions (SPDs) and union-specific agreements.
7. Serve as the subject matter expert for retirement benefits during union negotiations.
8. Provide guidance on legacy plan provisions and transition strategies for closed or frozen plans.
9. Respond to escalated employee inquiries and resolve complex retirement issues.
10. Analyze plan performance funding status and cost implications for legacy DB plans.
11. Support de-risking strategies plan terminations or conversions to DC plans where applicable.
12. Collaborate with Finance and HR leadership on retirement plan budgeting and forecasting.
13. Manage relationships with recordkeepers actuaries consultants and investment advisors.
14. Lead RFP processes for retirement plan services as needed.
15. Develop and deliver retirement education programs for employees and union representatives.
16. Create clear communication materials for plan changes compliance updates and retirement readiness initiatives.
17. Maintains and Models the Organizationï½s values.
18. Demonstrates regular reliable and predictable attendance.
19. Performs other duties as required.
Education Skills Experience
- Bachelors degree in HR Finance Accounting or related field; advanced degree or professional certification (CEBS ASPPA CFA or similar) preferred.
- Advanced analytical and problem-solving skills.
- Excellent communication and negotiation abilities.
- Proficiency with retirement plan systems and Microsoft Excel.
With strong hearts and open minds were pushing past boundaries and challenging the expected all in the name of possibility. We are neighbors caring for neighbors working together as partners in health to improve the lives of the people we serve. If you share our passion for the health of our communities advance your career with Nuvance Health!
Working Conditions:
Manual: Little or no manual skills/motor coord & finger dexterity
Occupational: Little or no potential for occupational risk
Physical Effort: Sedentary/light effort. May exert up to 10 lbs. force
Physical Environment: Generally pleasant working conditions
Company: Nuvance Health
Org Unit: 1788
Department: Total Rewards
Exempt: Yes
Salary Range: $33.21 - $61.68 Hourly
Required Experience:
Senior IC
Key Skills
- Sales Experience
- Direct Sales
- Hyperion
- Financial Services
- Financial Concepts
- Banking
- Oracle EBS
- Securities Law
- Peoplesoft
- Oracle
- Financial Management
- Workday
About Company
Our hospitals, medical practice and care centers are located throughout New York’s Hudson Valley and Western Connecticut. At every location, you’ll find excellent convenient care, a personalized approach, a connected team, and access to our network of doctors. Find care now.
