Senior Director - Plan Administration

6 days ago

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Transamerica

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Insurance • Investments • Retirement

5001 - 10000 employees

Founded 1904

💸 Finance

Description

• Provide strategic guidance and direction to plan administration leaders to ensure teams provide timely, accurate service to clients through productivity management, quality controls, and continuous employee development. • Contribute to strategies on corporate business applications, products, and services to ensure compliance with regulatory requirements. • Research and analyze new legislation/regulations to determine impact to operational procedures. • Ensure clients receiving Form 5500 and nondiscrimination testing services are provided services within IRS deadlines. • Ensure domestic relations orders are qualified based on DOL requirements. • Provide input to executive leadership regarding the impact of plan document-related legislation/regulations on current programming and procedures. • Ensure Plan Administration teams are revising, updating, and/or creating plan administration procedures that comply with new laws, regulations, and sub regulatory guidance. • Ensure processes and procedures are in place to provide clients receiving plan document services with relevant documents to maintain a plan that is compliant with legislation. • Provide direction for teams that review and analyze plan mergers and corporate acquisitions with respect to plan documents requirements as they develop recommendations and consult with clients/staff on implications. • Provide consultative guidance to staff, colleague departments, sales staff, clients, advisors and third party administrators in situations that require a high degree of expertise and diplomacy. • Lead dialogue with Legal department to review unusual situations as necessary. • Serve as a senior resource to negotiate agreements on specific issues with client’s legal counsel. • Serve as a senior resource for team members in the research of client and field inquiries. • Provide technical leadership for new products and regulatory developments regarding plan document issues and ensure proper system modifications are made to accommodate new products/regulatory developments. • Serve as project owner for key projects and participate on cross-departmental and leadership committees. • Oversee the identification, planning, direction, and execution of short and long term departmental goals for qualified plan document production and the successful completion of repetitive legislative required restatement and amendment projects. • Represent Transamerica at industry meetings. • Oversee department budget and initiate cost saving initiatives as appropriate.

Requirements

• Bachelor’s degree in a business field or equivalent experience • Extensive knowledge and experience in the defined contribution or retirement industry (typically 12 or more years) • Leadership experience managing multiple teams • In-depth knowledge of recordkeeping and associated administrative systems • In-depth understanding of corporate administrative capabilities • In-depth knowledge of ERISA, IRS and Department of Insurance regulations, revenue procedures, notices, and current legislation • Leadership skills and the ability to be a change agent • Strong problem-solving, analytical, and decision-making skills • Outstanding communication, interpersonal, and relationship building skills to interact, influence, and collaborate with all levels of the organization • Ability to grasp technical and complex concepts and convey to staff and internal/external customers • Self-starter with strong organizational and project management skills • Advanced skills using analytical tools and MS Office Suite

Benefits

• Competitive Pay • Bonus for Eligible Employees • Benefits Package • Pension Plan • 401k Match • Employee Stock Purchase Plan • Tuition Reimbursement • Disability Insurance • Medical Insurance • Dental Insurance • Vision Insurance • Employee Discounts • Career Training & Development Opportunities • Health and Work/Life Balance Benefits • Paid Time Off starting at 160 hours annually for employees in their first year of service. • Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays). • Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars • Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child. • Adoption Assistance • Employee Assistance Program • College Coach Program • Back-Up Care Program • PTO for Volunteer Hours • Employee Matching Gifts Program • Employee Resource Groups • Inclusion and Diversity Programs • Employee Recognition Program • Referral Bonus Programs