Benefits Administrator
Business Wire
Vice President, Retirement Benefits
BNY
full-time
Posted on:
Origin: • 🇺🇸 United States • Pennsylvania
Visit company websiteJob Level
Lead
About the role
- Contribute to executing the strategy for BNY's defined contribution retirement plans through day-to-day plan administration
- Own and support the administration of BNY's Qualified and Non-Qualified Retirement Plans
- Assist in monitoring plan performance, participant engagement, and investment fund options; help implement improvements as directed
- Collaborate with Finance, Legal, and HR teams to help align retirement plan activities with overall compensation and benefits programs
- Prepare data and reports on plan performance, compliance, and risk management for review by senior leadership
- Help ensure proper governance and oversight of retirement assets as part of the fiduciary committee support
- Review contracts and agreements to confirm service quality, efficiency, and regulatory compliance under guidance
- Analyze plan data to generate metrics and reports that highlight trends and support program decisions
- Assist in reviewing annual valuation packages, tax forms, notifications, disclosures, and legal documents
- Coordinate with vendor partners to maintain efficient, compliant, and high-quality service delivery
- Act as a knowledgeable resource for internal and external team members on plan administration matters
- Maintain strong governance by ensuring adherence to Plan, IRS, and ERISA rules in daily processes
Requirements
- Bachelor's degree in Human Resources, Finance, Business Administration, or a related field
- Minimum of 4+ years of experience in retirement benefits administration, plan compliance, and fiduciary oversight
- Knowledge of ERISA, IRS, DOL, and PBGC regulations related to retirement plans
- Experience with Defined Benefit, Cash Balance, and Defined Contribution plans administration
- Strong analytical skills with the ability to interpret actuarial valuations, financial data, and compliance reports
- Experience in non-discrimination testing, plan funding requirements, and IRS/DOL filings
- Proficiency in HRIS, benefits administration platforms, and financial reporting tools
- Excellent communication and problem-solving skills
- Experience developing and executing effective plan communications to enhance participant understanding and drive engagement
