Director, Welfare and Pension Benefits
Korn Ferry - San Francisco, CA
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Korn Ferry is retained with a San Francisco based nonprofit, whose focus is working as the liaison for union supported pension and benefits to find a strong Director of Welfare and Pension Benefits. This onsite role will report directly to the SVP of Finance & Administration.Primary responsibility includes oversight and management of a jointly administered Taft-Hartley welfare plan covering 50,000 plus lives with an annual spend of $1 billion and a pension plan with $9B plus in assets; a 401(k) plan with $3B plus in assets. oversight and management of the ILWU-PMA jointly administered Taft-Hartley welfare plan covering 50,000 plus lives with an annual spend of $1 billion and a pension plan with $9B plus in assets; a 401(k) plan with $3B plus in assets.Must have 15+ years demonstrated experience and success in delivering benefits to collectively bargained workers through consulting, employee benefits legal work and/or large plan administration experience. Substantial role in collective bargaining of the benefit programs working with outside consultants, actuaries, and attorneys including the preparation of bargaining positions. Will also provide leadership over a team of 2 Benefit Managers, as well as peer level interaction with the in-house legal counsel and other senior leaders with the company.Key Responsibilities include:Developing and presenting management/administrative strategies for the delivery of health care, pension and other benefits in accordance with collective bargaining agreements and statutory requirements. Handling various health and retirement benefit appeals; assisting with benefit arbitrations.Working to ensure effective and efficient business processes and administrative controls for TPAs and other Plan vendors.Oversee administration of the 401(k) plan, ensuring compliance with plan agreements. Assisting with compliance and government reporting of health and welfare plans, pension and 401(k) plans (ERISA disclosure) to include, 5500s, SPDs, SSPDs, SMMs, SBCs and SARs along with other participant disclosures and communications; reviewing plan documents; and contracts.Interacting in a challenging environment with Union, Benefit Plans Office, plan vendors and consultants, attorneys and other external relationships regarding various benefits related issues and plan administration matters, including attending Plan meetings and overseeing the coordination and the preparation of materials for the meetings.Monitoring plan experience and financial utilization data to prepare budgets, and administration negotiations.Developing Employer collective bargaining proposals, analyzing Union demands and preparing Board of Director level communications regarding the same.Key Qualifications for success include:Must have 15+ years of demonstrated experience in the field of employee health benefits, pension, 401(k) benefits, and ERISA. DOL, ACA, PPA and related employee benefits laws and regulations. The qualified candidate may come from a benefits consulting/actuarial firm; or a senior benefits administrator for large collectively bargained healthcare fund.Required bachelor's degree from a four-year college or university, advanced or other graduate degree(s) in healthcare or business, and/or certified employee benefits specialist (CEBS), a plus.Demonstrated ability to collaborate, problem solve, develop strong relationships, influence significant decisions.Excellent Interpersonal and written communication skillsOutstanding integrity and confidentialityRelationship ManagementBusiness Acumen-Union EnvironmentExecutive presence and ability to build strong relationships with senior leadersLeadership experience to lead and manage the benefits functionMust have mature writing, research, and analytical skills for responding to complex health and other plan issues along with verbal communication skills to effectively present such issues to senior level executives.Must be able to write letters advocating Employer positions on various plan matters and advocate for such positions with the Union. Skills required in Microsoft Word, PowerPoint, and Excel.This role is located in the financial district of downtown San Francisco and will require a minimum of three days on site. No remote capacity for this one.Compensation and Benefits:Our client offers a competitive salary ($195-250k base) and excellent benefits. Healthcare provided under a Welfare Plan (with no employee premiums and low out of pocket exposure). Offering a defined contribution plan (401K) with a competitive discretionary employer match that equals 100 % of the first 5% and 50% of the next 10% of eligible pre-tax contributions. In addition, client provides tuition reimbursement, company-paid benefits conferences, and certifications.SE# 510681716
Created: 2024-10-11