Retirement Benefits Director
3 days ago
Motion Picture Industry Pension & Health Plans (MPI) is seeking a highly skilled and experienced Retirement Benefits Director to join our team. As a key member of our Senior Leadership Team, you will be responsible for overseeing the retirement benefits department, managing staff, and ensuring the smooth operation of our pension functions.
Key Responsibilities:- Coordinate and manage monthly, quarterly, and annual processes, including 1099R and state tax reporting, retirement seminars, 5500 and SSA schedules, tax and annuity table updates in system, production of annual benefit statements, annual and quarterly allocations, etc.
- Review and approve various benefits processes, calculations, and disbursements, including retirements, minimum distributions, QDRO and annuity conversions, etc.
- Manage and lead the work of the teams involved in benefit inquiries, application fulfillment, reconciling and producing monthly pension disbursements, weekly DC withdrawal requests, and maintenance of retirement account balances.
- Hire, train, coach, develop, and provide performance management to staff of 25.
- Resolve benefit and payment issues and assist with participant counseling on complex and/or sensitive cases.
- Develop and present retirement education materials to participants, including contributing articles to the quarterly participant newsletter.
- Direct and assist in the handling and preparing of benefit appeals to the Board of Directors.
- Ensure delivery of excellent participant services by providing guidance, training, and development of team members.
- Perform complex benefits analysis and approve payment actions.
- Work with IT to maintain cyclical processes such as payment reconciliations, quarterly state filings, annual 1099R IRS filings, supporting reports for Form 5500 filings, and annual statements for Plan participants.
- Minimum of 7+ years multi-employer pension benefit experience including pension processing; third-party administration or Taft-Hartley experience strongly preferred.
- Progressive level of management experience, including at least 7+ years leading and managing staff at all levels.
- Excellent oral and written communication and presentation skills and a proactive approach to building working relationships with all levels of personnel and external stakeholders.
- Ability to handle multiple tasks with changing priorities, communicate changes in process or benefits, as well as adhering to reporting and other deadlines.
- Strong analytical and problem-solving skills, attention to detail and high standards in quality and accurate reporting.
- Strong leadership traits to inspire and motivate the team, embracing diversity of thought, background, and experience.
- Intermediate proficiency level in Microsoft Excel, Word, and PowerPoint required, as well as a working knowledge of multi-employer DB and DC recordkeeping systems, such as Sagitec or Vitech V3 preferred.
- Bachelor's degree required.
- Experience working in a union environment a plus.
The anticipated base salary for this position is $180,000-$220,000 annually. The actual base salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held.
MPI is an equal opportunity employer and does not discriminate against any applicant or employee on the basis of race, religion, color, national origin, ancestry, sex, sexual orientation, gender identity, age over 40, marital status, veteran status, mental or physical disability, pregnancy, genetic information, or any other basis prohibited by law.
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