Defined Benefit Pension Administration Team Leader

Defined Benefit Pension Administration Team Leader opening in New Jersey. Direct group of benefit analysts responsible for the calculation and payment of pension benefits for clients to retain to provide pension administration services. Monitor administrative processes and procedures to ensure accuracy and timeliness in the delivery of services to both clients and plan participants. Additionally, responsible for basic training of staff. Specific responsibilities include: manage workload; assess training needs and provide training; monitor progress of daily tasks; build teamwork and maintain positive team morale; take an active role in pursuing continued education; complete performance evaluations; process and review manual calculations and ensure accuracy of system generated calculations; initiate pensioner payments; ensure final work products are of high quality and provided in a timely fashion; adhere to administrative procedures, and help to define best practices; assist in executing process improvements; ensure service level commitments are maintained by the team; interface with plan sponsor representatives concerning ongoing administration services; maintain effective relationships with client contacts and internal staff; assist with system testing for plan modifications and new plan implementations. Ideal candidate will have understanding of regulatory aspects of defined benefit plan administration such as 415 benefits limits, 401(a)(17) limits, minimum required distributions, nonqualified plans and other defined benefit regulatory issues involving ERISA and IRS Revenue Rulings and exposure to pension actuarial valuation experience and defined benefit administration system experience. Qualified Pension Administrator (QPA) designation a plus, with 5+ years of pension benefit calculation and/or outsourcing experience. Salary $Open.