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AVP, Benefits Plan Administration - Newark NJ

Federal Reserve Bank of Atlanta

Federal Reserve Bank of Atlanta

Accounting & Finance
Newark, NJ, USA
Posted on Friday, June 28, 2024

Company

Federal Reserve Bank of AtlantaAs an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in Newark, NJ, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

General Summary:

You will be working in Newark, N.J. for the Office of Employee Benefits (OEB), a division of the Federal Reserve Bank of Atlanta, and will lead a team of professionals responsible for the strategy, design, vendor management and administration of Benefits Plans for the Federal Reserve System (FRS).

The OEB is responsible for the administration of the FRS benefits programs, supporting a broad benefits strategy. Accountable for development, oversight, administration, communication, and measurement of these benefits programs. You will analyze market data to assess competitive positioning and manage benefit programs, vendors and processes. You will be part of the OEB plan administration leadership team responsible for providing oversight, strategic direction and development opportunities for other People Leaders and experienced professionals. You will report to the SVP Plan Administration.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

We are a hybrid work environment.

Location: You must live within commuting distance of the Newark, N.J. office.

Key Responsibilities:

  • Effectively manage staff resources to ensure alignment with FRS strategic direction.
  • Responsible for the management, ongoing administration and strategic direction of the Federal Reserve’s defined contribution, defined benefit and executive benefits plans.
  • Provide leadership and oversight, development opportunities, and strategic direction to other People Leaders and experienced benefits professionals. Perform personnel management functions such as hiring, staff development,, employee performance appraisals, compensation decisions, and other personnel actions.
  • Provide strategic direction for long-term results by studying and evaluating benefit trends and the environmental landscape to analyze all assigned benefit plans and make vendor recommendations. Recommend benefit plan design & enhancements, communicate developments in the benefits marketplace, and continue to be well versed in industry best practices - leveraging information to make strategic recommendations.
  • Advise, educate, and influence others across the Federal Reserve System and cross functionally within the OEB on various benefit program topics including plan design, new benefit programs, regulatory changes and policies and procedures.

Education: Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred

Experience:

  • Eight plus years preferred
  • Broad management and people leadership skills
  • Comprehensive experience in benefits program design and administration and understanding of assigned benefits plans

Managerial Competencies

  • Communicates Effectively

  • Displays Interpersonal Savvy

  • Demonstrates Decision Quality

  • Develops and Engages Talent

  • Ensures Accountability

  • Exhibits Courage

  • Reflects a Strategic Mindset

  • Values Differences

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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