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Benefits Program Manager
1 month ago
Nelson Mullins, a leading AmLaw 65 law firm, is seeking an experienced Benefits Administrator to oversee the management of complex benefits, retirement, and investment plans. The ideal candidate will bring significant business acumen and a strong understanding of defined contribution and defined benefit plans, including 401(k) and cash balance plans.
The role involves overseeing the administration of partner-level benefits, retirement plans (such as 401(k) and cash balance plans), and executive compensation plans. You will also manage the day-to-day operations of trusts, RABi Trusts, stock and bond investments, as well as other retirement plan-related assets.
Collaboration with auditors, specifically RSM, is essential, particularly in managing the 5500 audit process for retirement plans. In addition, you will coordinate the Benefits Committee, ensuring that the committee's activities align with business goals and comply with relevant regulations.
Working closely with actuaries and trust departments is key to ensuring the proper management and reporting of defined benefits, deferred compensation, and related programs. You will need to provide detailed analysis and reporting on benefit plan performance and trends, using advanced Excel skills to present data effectively.
The estimated salary for this position is $120,000 - $180,000 per year, based on industry standards and location. This role requires proven experience in administering and managing complex retirement and benefits plans, including both defined contribution plans (such as 401(k)) and defined benefit plans (such as cash balance plans).
A strong background in executive-level deferred compensation plans and experience working with actuaries and trust departments is essential, especially within the banking industry. You will need to demonstrate the ability to engage with senior leadership, including C-suite executives, and communicate complex benefits and retirement plan topics clearly and effectively.
Advanced Excel skills are necessary, along with experience using data analytics to manage and report on benefit programs. A solid understanding of business acumen and the ability to align benefits strategies with the firm's overall objectives is critical.
