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Benefit Fund Administrator

The Teamsters Local 705 Benefit Funds -
Chicago, IL

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Job Details

Full-time
$175,000 - $225,000 a year
9 days ago

Benefits

Free parking
Paid holidays
Health insurance
Dental insurance
Paid time off

Qualifications

Affordable Care Act (ACA)
Benefits administration
Customer communication
Operational analysis
Staff supervision
HIPAA
Trust administration
Math
Bachelor's degree
Attention to detail
Certified Employee Benefit Specialist
Board relations
Stakeholder relationship building
Senior leadership

Full Job Description

The Teamsters Local 705 Benefit Funds in Chicago, Illinois seek an experienced Fund Administrator to lead day-to-day operations and support the Board of Trustees. The successful candidate will provide strategic leadership, oversee compliance and benefit administration activities, develop staff, and help advance the Funds' long-term objectives. This is a fully onsite position with a planned transition period alongside the current Administrator, who will retire in early 2027.

The Funds collect contributions from approximately 40 employers to provide defined benefit pension benefits to approximately 5,000 active participants and 8,000 retirees, survivors and beneficiaries. The Funds also administer a health plan for about 2,500 members and dependents. There are currently 15 employees working in the Fund Office. For more information, please visit the Fund’s website www.local705funds.org.

Responsibilities

Key responsibilities of the position include (but are not limited to):

Strategic Leadership and Operations

Lead all aspects of Fund Office operations and administration.
Supervise, develop and mentor staff while fostering a culture of service and accountability.
Continuously improve processes, service delivery, and operational efficiency.

Compliance and Governance

Ensure compliance with ERISA, IRS, DOL, HIPAA, and other regulatory requirements.
Coordinate annual filings, participant disclosures, and trustee reporting.

Stakeholder Relations

Serve as the primary liaison to Trustees, employers, participants, unions, vendors, and professional advisors.
Ensure participants are provided with knowledgeable, courteous and timely customer service.
Manage complex participant inquiries and escalated matters.

Trustee and Professional Advisor Support

Coordinate Trustee meetings and work closely with legal counsel, actuaries, auditors, investment consultants, and other advisors.
Provide benefit fund data analysis when requested by the Board of Trustees or plan professionals.

Financial Oversight

Oversee administrative budgets, banking relationships, service providers, and implementation of Trustee directives.

Qualifications

Bachelor's degree; CEBS designation preferred.
Ten or more years of multiemployer benefit plan administration experience.
Seven or more years in a senior leadership role with direct interaction with Boards of Trustees.
Significant experience in Taft-Hartley and collectively bargained environments.
Strong knowledge of ERISA, IRS, DOL, HIPAA, ACA, and related benefit plan requirements.
Experience supervising staff and managing relationships with professional service providers.
Experience with ISSI benefits administration systems is a plus.

Skills & Attributes

Demonstrated leadership, judgment, and work ethic.
Outstanding written and oral communication; comfortable engaging Trustees, unions, employers, and external partners.
Strong project management skills, including the ability to multi-task and prioritize effectively in order to meet deadlines.
Detail‑oriented with strong math and analytical skills, adept at interpreting operating and financial information.
Proficiency in Microsoft Office Suite.
Appreciation for the regulatory and political landscape.

To Apply

The Funds offer a competitive salary range of $175,000 - $225,000 commensurate with experience and a generous benefits package including a 90/10 health plan, dental, disability and an employer-funded Defined Benefit pension, paid time off during the year and paid holidays. The Funds also provide free parking.

To apply, please send your resume and salary requirements to [email protected]. Please include job reference 07926T705ADIN in the subject line or with your application.

Pay: $175,000.00 - $225,000.00 per year

Benefits:

Dental insurance
Health insurance
Paid time off

License/Certification:

Certified Employee Benefit Specialist (Preferred)

Work Location: In person

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