14 days old

Benefits Administrator

IDB Bank
New York, New York 10017
  • Job Status
    Full Time

Company Description

Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank”, is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 24th largest commercial bank in the New York area.  the Bank provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment or any other legally protected category in accordance with applicable federal, state and local law.

Job Summary

The Benefits Administrator is primarily responsible for administration of the Health and Welfare plans, (medical, dental vision, life, LTD, AD&D, EAP, FSA etc.) and the financial wellness plans (Retirement, deferred Compensation, defined contribution plans, both qualified and unqualified). The primary focus is leave administration, auditing, reconciling, and reporting.

Job Description

·         Administer STD/LTD and worker’s compensation (NY, NJ, FL, CA) in conjunction with IDB Leave policies

·         Manage and coordinate the services of the partially outsourced benefits administration and COBRA

·         Audit and reconcile benefit billings/reports and forward for payment

·         Coordinate annual employee open enrollment and monthly education incentives for health and financial wellness

·         Work with vendor on the benefits brochures, handouts, SPD, SMM and other communications material.

·         Gather/prepare material for audits

·         Process funding in the Savings and Investment Plan

·         Coordinate material for Retirement Board Meetings

·         Manage with our vendor for Deferred compensation, SERP, BRP, 401k, Defined Contribution Defined Contribution Restorative Benefit plan/payments, Flexible Spending, Dependent Care, Transportation and Parking plans

·         Administer BOLI, Retiree Life Insurance and Supplemental insurance plans

·         Work with Manager in preparing materials for negotiations and plan design changes

·         Assist with resolution of employees' benefit/retirement plan issues

·         Ensure compliance with benefit rules, regulations and organizational policies



·         Bachelor's degree or equivalent experience.

·         ADP Workforce Now

·         Excel, Word, Power point

·         Must be detail orientated

·         Minimum of 3-5 years professional experience assisting in the administration of an employee benefits program.


Posted: 2019-10-07 Expires: 2019-11-06

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Benefits Administrator

IDB Bank
New York, New York 10017

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