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Sr. Benefits Manager

Company: American International Group
Location: Jersey City
Posted on: May 10, 2022

Job Description:

Supporting the firm's Director of Employee Benefits. The Senior Benefits Manager leads the Defined Contribution (DC) team (internal staff and outsourced recordkeeper) in managing activities in regard to HR, Benefits, Payroll and other inter-related functions in the operation of the AIG 401k Plan and the Puerto Rico Capital Growth Savings Plan. Also responsible for legacy Non-Qualified Deferred Compensations Plans. The Plans include approx. 37,300 account holders with $7.6 Billion of 401k Plan assets. The role provides subject matter expertise and coordinates with Legal, Compliance, Payroll, Alight and Northern Trust as needed on administration and changes, divestitures and acquisitions, trust to trust transfers, POA orders, subpoena requests, QDROS and Proxy requests.

  • Evaluates DC benefit programs including costing, utilization and funding contribution and match models and required budget accruals.
  • Develop DC reports when requested by Benefits Director and generate reports to the Retirement Board with analysis of trends.
  • Oversees accurate completion of DC required processes, including but not limited to, nondiscrimination testing, IRS 5500 filing, fee notices and plan documentation, PWC audit process and review of Plan financials.
  • Manages the Alight 401k recordkeeping team and one internal AIG Senior Analyst monitoring all recordkeeping activities.
  • Develop Plan materials, such as SPDs enrollment, guides, posters, letters and streaming media to communicate benefit programs to employees.
    -Requirements:
    • Minimum five (5) years of experience managing Defined Contribution plans in a large organization including experience with trust to trust transfers, acquisitions and divestitures.
    • Thorough knowledge and understanding of laws and regulations affecting DC plans, Human Resources and Benefits.
    • Excellent communication skills, both verbal and written and the ability to interact effectively with all levels of employees throughout the organization including senior management.
    • Strong computer skills including knowledge of Microsoft Office (Word, PowerPoint, Access) with expert level experience in Excel.
    • Strong analytical skills and proven project management experience.
    • Ability to prioritize, multi-task and meet deadlines.
    • Superior organizational skills with strong attention to detail, follow up and problem solving resolution.
    • Experience with Workday and HRIS systems highly desirable.
    • Bachelor's Degree preferred We are an Equal Opportunity Employer American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its' policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives. To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis. In order to work from or visit an AIG office, and in accordance with the terms and conditions of AIG's COVID-19 vaccination policy, individuals hired into this position will be required to attest that they have been fully vaccinated and agree to have their vaccination status and proof of vaccination confidentially stored by AIG. Exemptions may be considered on a case-by-case basis in accordance with applicable law. Functional Area: HR - Human ResourcesEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG Employee Services, Inc. We're a leading global insurance organization with operations in approximately 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk. We're also committed to doing the right thing for our people and the communities where we work and live. It's why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs. Join our -Talent Network - . Additional information about AIG can be found at -www.aig.com - -- -YouTube -- -Twitter -- -LinkedIn . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Keywords: American International Group, Jersey City , Sr. Benefits Manager, Accounting, Auditing , Jersey City, New Jersey

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