U

University of Miami

Research university in Coral Gables, FL

Retirement Systems Administrator

Full-Time
No salary listed
Mid
Bachelor's
Coral Gables, FL, USA
HybridHybrid work arrangement.
People & HRCompensation & Benefits
Company Does Not Provide H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in a relevant field is required.
  • A minimum of 4 years of relevant experience is required.
  • Refer to the department description for applicable certification requirements.
  • Ability to learn new procedures, technologies, and protocols and adapt to changing priorities and work demands.
  • Ability to work collaboratively with others and contribute to a team environment.
  • Proficiency in office software, technology, and relevant computer applications.
  • Strong written and verbal communication skills for interacting with colleagues and stakeholders.
  • Advanced proficiency in Excel, Power BI, and Smartsheet for reporting, data analysis, and project tracking.
Responsibilities
  • Administer complex retirement benefit programs, including plan options, policy features, and enrollment requirements, to ensure accurate service delivery.
  • Prepare and submit compliance reports and filings accurately and on time in accordance with regulatory deadlines and federal, state, and institutional requirements.
  • Communicate with plan participants regarding benefit options and eligibility.
  • Process benefit distributions, loans, and hardship requests, and perform eligibility tracking, vesting calculations, and service credit determinations.
  • Manage plan funding processes and maintain accurate plan records, including Summary Plan Descriptions, plan provisions, and amendments.
  • Maintain reports, audits, and analyses using advanced analytical tools such as formulas, pivot tables, and data validation, and share insights and recommendations with leadership.
  • Analyze existing systems and processes and recommend, plan, and implement enhancements and optimizations to improve data accuracy and reporting efficiency.
  • Collaborate with Human Resources and Payroll to promote operational efficiencies and reduce administrative costs.
  • Contribute to moderately complex projects, including plan implementations, system upgrades, testing, and process improvement initiatives.
  • Assist with employee communications and engagement efforts as needed.
  • Maintain vendor relationships and serve as a liaison between plan sponsors and participants to resolve issues involving third-party administrators, record-keepers, or trustees.
  • Conduct educational sessions and workshops to improve employees' understanding of retirement savings, investment options, and financial wellness.
  • Support open enrollment events and related activities.
  • Analyze benefit costs, usage trends, participation rates, and related financial metrics for benefit programs.
  • Create reports and presentations with recommendations to support leadership in planning and evaluating benefit offerings.
  • Monitor industry trends and legislative changes and recommend policy updates to mitigate organizational risk.
  • Adhere to University and unit-level policies and procedures and safeguard University assets.

About the company

The University of Miami is a private research university focused on education, discovery, and service, with undergraduate, graduate, and professional programs.

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