Consultant - Pension Plans - System Wide

Thank you for considering a career at Bon Secours Mercy Health!

Scheduled Weekly Hours:

40

Work Shift:

Days (United States of America)

This is a remote/work from home position. Must live in the continental US and be able to work eastern time zone hours.

ABOUT US

As a faith-based and patient-focused organization, Bon Secours Mercy Health exists to enhance the health and well-being of all people in mind, body and spirit through exceptional patient care. Success in this goal requires a culture of compassion, collaboration, excellence and respect. Bon Secours Mercy Health seeks people that are committed to our values of compassion, human dignity, integrity, service and stewardship to create an environment where associates want to work and help communities thrive.

SUMMARY

This position supports the day-to-day administration of Bon Secours Mercy Health’s (BSMH) defined benefit plans. Primary duties include:

• Interface maintenance:  all activities needed to ensure effective transmission of data between BSMH data source and retirement recordkeeper sources

• Database management:  all activities needed to ensure member data maintained by the retirement recordkeeper is suitable for pension administration purposes, and where appropriate to perform tasks necessary to serve participants whose information is incomplete or not housed within the pension database

• Compliance:  all activities necessary to ensure operational compliance for the pension platform, including assistance with auditor and government forms as appropriate                           

The position requires a strong working knowledge of retirement plans. This includes plan design, legal requirements, administrative practices, and other activities common to the oversight of retirement plans. The Sr. Specialist must quickly develop a thorough knowledge of BSMH retirement plans, related system parameters, and general administrative processes. All job duties must be carried out in compliance with applicable legal and regulatory requirements.

KEY JOB RESPONSIBILITIES

• Serve as the supporting, day-to-day contact to the providers responsible for BSMH defined benefit administration 

• Serve as contact for  HR Services Center, Payroll and other  HR  staff requiring retirement plans assistance 

• Support execution of the plan and tactical requirements to implement changes to BSMH  ongoing retirement plan strategy 

• Assist with plan information and guidance as outlined in the various plan documents to BSMH  staff as required

• Assist in continuous auditing and correction of data elements necessary for smooth administration of the retirement plans and continued compliance

• Assist/consult on invoicing processing related to the retirement plans budgets

• Audit manual retirement calculations completed by providers when required, assisting with continued automation of calculations by the respective third-parties

• Assist in documenting processes and procedures necessary to comply with financial audits, compliance audits, the annual plan valuation, completion of form 5500 and other required documents

• Assist in the review and implementation of retirement plan processes, procedures,  and system improvements internally with HR, Payroll and IT, and externally with providers    

• Monitor and troubleshoot issues that may arise in administration of the retirement plans, including the various interfaces with providers.  Coordinate with the appropriate HR and Payroll departments resolution to data edits and discrepancies  

• Research historical plan data and plan provisions when needed

• Maintain an understanding of benefit-related legislation requiring policies, procedures and audits; work with legal counsel and consultants to ensure regulatory compliance

• Create and perform various queries and reports using third-party provider tools and internal HRIS system tools for the daily administration of the plans and for special requests

• Coordinate and/or participate in calls with BSMH  staff and providers when necessary to resolve issues, exchange/clarify information, and/or implement changes

• Support the System Director – Retirement, and the Retirement Manager with research and analysis as needed

• Act as functional lead on small projects as assigned

• Perform other duties as assigned by Management

This document is not an exhaustive list of all responsibilities, skills, duties, requirements, or working conditions associated with the job. Employees may be required to perform other job-related duties as required by their supervisor, subject to reasonable accommodation.

POSITION CRITERIA

• Bachelor’s degree with 5+ years experience in the administration of defined benefit plans or the equivalent combination of education and experience

• Experience in successful project management/project coordination with large employers with multiple plans

• Experience working with outsourced DB plan administrators/recordkeepers

• Experience in creating and managing budgets; analytical analyses and invoicing

• Knowledge of employee benefit plans and related laws and regulations

• Demonstrated expertise in the use of the Microsoft Suite applications

• Experience with HRIS systems and payroll/data feeds to and from third parties

• Demonstrated high level of attention to detail and accuracy

• Demonstrated analytical and problem solving skills

• Customer-oriented service attitude, with demonstrated experience in a customer service environment

• Experience with church plans is desirable

• CEBS and/or CBP designation(s) desirable

Bon Secours Mercy Health is an equal opportunity employer.

Many of our opportunities reward* your hard work with:

• Comprehensive, affordable medical, dental and vision plans
• Prescription drug coverage
• Flexible spending accounts
• Life insurance w/AD&D
• Employer contributions to retirement savings plan when eligible
• Paid time off
• Educational Assistance
• And much more

*Benefits offerings vary according to employment status.

Department:

SS Human Resources - Strategy & Well-Being

It is our policy to abide by all Federal and State laws, as well as, the requirements of 41 CFR 60-1.4(a), 60-300.5(a) and 60-741.5(a). Accordingly, all applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, genetic information, or protected veteran status, and will not be discriminated against on the basis of disability. If you’d like to view a copy of the affirmative action plan or policy statement for Mercy Health– Youngstown, Ohio or Bon Secours – Franklin, Virginia; Petersburg, Virginia; and Emporia, Virginia, which are Affirmative Action and Equal Opportunity Employer, please email [email protected]. If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact The Talent Acquisition Team at [email protected].