Overview

The Retirement Benefits Specialist will assist employees with retirement and healthcare plans and will provide administrative support for those plans to employees, retirees, and beneficiaries. The Specialist is responsible for timely completion of plan administration, audits, and the submission of plan contributions. Coordination with internal partners (e.g., Finance) and external partners (plan fiduciary and consultants) is a critical aspect of the role. The Specialist will coordinate plan administration, standardized processes and collaborate on projects with colleagues in the Touro University Human Resources Department. The Specialist reports directly to the NYMC Director of Human Resources, with a dotted line to the Touro University Director of Benefits.

Flexible work arrangements including hybrid work opportunities are available (upon approval).

Responsibilities

• Explains retirement benefit plan policies, procedures, and legal requirements to employees and beneficiaries.

• Conducts retirement and benefits-related calculations and analysis including repurchase of service, withdrawal of contributions, and deferred retirement.

• Ensures the accurate and timely submission of plan contributions.

• Conducts group benefits presentations for and/or individual interviews with employees regarding retirement and pension options.

• Acquires and distributes relevant information and documentation to plan participants and beneficiaries.

• Develops and maintains records of participants and beneficiaries including active, deferred, retired, and separated members.

• Serves as a liaison between beneficiaries and participants and the plan administrator, handling or facilitating requests for contribution adjustments, refunds, and other administrative changes.

• Coordinates with actuaries, plan administrators, accountants, and other professionals to provide verified and compiled data for administration of benefits.

• Assists with auditing of plans, including non-discrimination testing.

• Provides support to retiree benefit plan as needed.

• Ensures retirement plans are administered in accordance with company, state, and federal guidelines and regulations.

• Maintains knowledge of legal and regulatory changes, trends, and other developments affecting retirement benefits.

• Performs other duties as assigned.

Qualifications

Education requirement:

• Bachelor’s degree in business administration, Human Resources, or related field required.

  Technical/computer skills:

• Excellent computer skills, including Microsoft Office; experience with Banner human capital management (HCM) software a plus.

• Strong analytical skills and attention to detail.

  Prior experience:

• At least two years of experience with retirement, insurance benefits, financial planning, or actuarial services required.

  Other skills/requirements

• Strong interpersonal skills.

• Ability to communicate effectively with all levels of faculty, staff, and management.

• Ability to work independently.

  Physical Demands

  Physical:

• Extensive Use of Computers

• Able to lift up to 5 lbs.

Minimum Salary

USD $62,400.00/Yr.

Maximum Salary

USD $72,000.00/Yr.

New York Medical College offers a comprehensive benefits package for full-time employees* which includes:

• Full range of Health Plans

• Medical Plans (choice of EPO, PPO, High Deductible HSA)

• Flexible Spending Accounts (FSA)

• Dental Plans (PPO & HMO) and Vision Plan

• Dependent Care and Transit Programs

• Life Insurance, AD&D and Voluntary Supplemental Life Insurance

• Short-term and Long-term disability programs

• Retirement Plan (403b) - matching contribution up to 5% for eligible/enrolled employees following one year of employment (may make own pre-tax contributions immediately following employment)

• New York Medical College Tuition Exemption Program for eligible employees, their spouse and dependent children

• Legal plan

• Employee Assistance Program

• Early-Release Fridays (October - March)

• Generous Paid Time Off

• Vacation, Sick Leave, Personal Leave

• Annual Holiday Schedule

*Members of the 1199 SEIU and 32BJ unions may participate in some of NYMC’s voluntary benefits, but they participate in separate Health and Welfare benefit programs.

New York Medical College (NYMC), a member of Touro University, is a health sciences College whose purpose is to educate clinical and public health professionals as well as researchers, to conduct biomedical and population-based research. Through its faculty and affiliated partners, the College engenders a diverse and inclusive community that promotes an atmosphere of excellence, scholarship and professionalism.

Touro University is an equal opportunity employer. Touro University treats all employees, job applicants, and students without unlawful consideration of race, ethnicity, religious creed, color, national origin, ancestry, sex (including pregnancy, childbirth or related medical condition), age, disability, medical condition, marital status, genetic information, sexual orientation, gender, gender identity, gender expression, military service or veteran status, citizenship status, or any other classification protected by applicable federal, state or local laws. We are committed to ensuring the fulfillment of this policy in all decisions, including but not limited to, recruitment, the administration of educational programs and activities, hiring, compensation, training and apprenticeship, placement, promotion, upgrading, demotion, downgrading, transfer, layoff, suspension, expulsion and termination, and all other terms and conditions of admission, matriculation, and employment.

Inquiries or complaints concerning the non-discrimination policies should be sent to Nicole Barnett, 50 West 47th Street, 12th Floor, New York, New York, 10036, nicole.barnett@touro.edu (646-565-6285) or, alternatively, to the Chief Compliance Officer at compliance@touro.edu and 646-565-6000 x55330.

Job LocationsUS-NY-Valhalla

Requisition ID 2024-10642

Position Type Full-Time

Schedule Shift 1

Hours Per Week 35

Travel 10%

Category Human Resources

FLSA Status Exempt