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The New Jersey Building Laborers’ Statewide Benefit Funds Email
Posted on 6/14/2021

Executive Director

The New Jersey Building Laborers’ Statewide Benefit Funds

Location

Jersey City, NJ

CEBS Designation

Preferred

Description

The New Jersey Building Laborers’ Statewide Benefit Funds (“Funds”), located in Jersey City, NJ, are currently seeking an Executive Director. The Executive Director, under the direction of the Boards of Trustees of the various trust funds, is responsible for overseeing the administration and operation of four (4) Taft-Hartley trust funds, including a health and welfare fund, a defined benefit pension fund and a defined contribution pension fund. The fourth Fund, the Laborers’ Local 734 Pension Fund, is a separate defined benefit plan that requires separate administration, communications and filings. The Funds serve and provide health and retirement benefits to over 2,400 active members and over 3,800 retirees and beneficiaries, and have assets of approximately $700 million. The Funds cover construction, public sector and service workers throughout New Jersey.

The Executive Director has overall responsibility for overseeing the day-to-day operational, technical, and organizational administration of the Funds in accordance with all respective Trust Agreements and Plan Documents adopted by the Trustees. This responsibility includes developing, implementing, and monitoring policies, programs, standards and procedures to ensure exemplary customer service and compliance with all relevant local, state and federal regulations and requirements. The Executive Director represents the Funds in all aspects of leadership, planning, public relations and negotiations, as determined by the Boards of Trustees.

The Executive Director position is hands on with daily involvement and oversight of 15 Fund Office staff. The Executive Director must effectively set goals for, direct, and motivate the staff as well as routinely interact with the Boards of Trustees, unions, professional advisors and colleagues at all levels both inside and outside the organization.

RESPONSIBILITIES

Responsibilities include but may not be limited to:

• Administration of Funds: Oversees and monitors the day-to-day operations of the Funds and Fund Office; establishes and monitors performance standards related to timeliness and accuracy of benefits processing and customer service; handles appeals; oversees, monitors and assists the Funds’ service providers and professional advisors; ensures accurate and timely completion of all government compliance and tax filings and annual reporting requirements.
• Leadership: Oversees management of approximately 15 Fund Office staff, with direct supervision of two (2) managers; hires, develops and coaches staff; provides vision, leadership, guidance and motivation to staff; promotes a positive image of the Funds; networks regularly with colleagues in the industry and professional organizations to stay informed as to recent events and other situations that could affect the Funds; represents the Funds in contacts with governmental agencies.
• Communications: Communicates and meets regularly with the Boards of Trustees, committees, unions, employers, members, professional advisors, vendors and governmental agencies; provides regular status reports to Boards of Trustees at quarterly meetings; ensures the effective communication of plan and policy changes to all parties; oversees the development of all Fund communication materials and notices for members and employers.  
• Financial: Oversees all financial matters related to the administration of the Funds; reviews monthly financial utilization data and directs the funding for benefit payments in the administration of the Funds; reviews and monitors monthly investment reports provided by investment advisors; approves all day-to-day expenses.
• Ensure adequate systems and technology: Oversees all aspects of technology used in the administration of the Funds; works with system vendor(s) to ensure adequate systems and technology are maintained to support the Funds’ recordkeeping, processing, and customer service needs; establishes and enforces procedures and controls to secure Fund Office technology and data.
• Facilities Management: Responsible for management of building and Fund Office facilities; arranges for maintenance and repairs of office facilities; serves as the point person for the building management company; maintains all vendor contracts and insurance policies and monitors expiration dates.
• Attend Board and other meetings: Coordinates and attends quarterly Board meetings for the New Jersey Building Laborers’ Statewide Benefit Funds, semi-annual meetings for the 734 Pension Fund and several quarterly committee meetings, including Executive and Finance, Delinquency and Appeals; develops all agendas for regular, special and committee meetings; works with Trustees and plan professionals to coordinate and prepare materials for meetings and monitor deliverables; attends and speaks at union membership meetings; attends conferences.

REQUIREMENTS

The ideal candidate will meet the following requirements:

• Work Experience: Minimum of ten (10) years of experience demonstrating increased responsibility in benefit plan administration (pension and health) and compliance required; minimum of seven (7) years of senior-level management experience required, including direct experience with executive-level decision making and interaction with Trustees. Experience in Taft-Hartley or collective bargaining environment is required.
• Educational Background: Bachelor’s degree required; advanced degree (e.g., MBA) or CEBS certification preferred.
• Special Skills or Credentials: Extensive knowledge of employee benefit plans and related governmental/legislative regulations (ERISA, DOL, IRC, HIPAA, ACA, PPA, etc.) including knowledge of plan design and interpretation; the ideal candidate will also have demonstrated strong leadership and judgment skills, exceptional interpersonal and communication (written and oral) skills, including the ability to interact with Trustees, local unions, employers, outside professionals and service providers, be detail oriented, highly organized, have business acumen and strong analytical skills, including the ability to interpret operational, auditing and financial information and legislative regulations, be knowledgeable of current computer systems and information technology and have a thorough knowledge of and appreciation for the regulatory and political environment; ability to act with a high degree of autonomy and to be able to anticipate issues and present alternatives to the Boards of Trustees. This position requires the Executive Director to be in the office located in Jersey City, NJ; it is not a remote position.

TO APPLY

The NJ Building Laborers’ Statewide Benefit Funds are an affirmative action employer and encourage applications from all qualified candidates regardless of gender, race, ethnicity, age, sexual orientation, marital status, religion, or disability.

To apply, please send your resume and salary requirements to atcresumes@segalco.com. Please include job reference code 0621NJBLIF in the subject line or with your application.
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