Executive Director, The New York City District Council of Carpenters (NYCDCC) Benefit Funds
395 Hudson Street, New York, NY
Description of the NYCDCC Benefit Funds
The NYCDCC Benefit Funds employ approximately 134 employees who are responsible for administering benefits for members of the New York City District Council of Carpenters, monitoring the contribution obligations of Contributing Employers to the Funds, and overseeing the Funds’ numerous service providers, among other responsibilities. The Funds’ participants work in the construction industry in New York City. The Funds’ combined value exceeds $7 billion. The Funds currently have approximately 1,400 contributing employers. The Funds are governed by the Employee Retirement Income Security Act of 1974 and the Labor Management Relations Act of 1947.
The Funds are administered by a joint Board of Trustees consisting of six (6) union-designated and five (5) employer-designated trustees. The Board of Trustees is responsible for establishing benefits, adopting rules and regulations, and overseeing the operations of the Funds, with the assistance of the Executive Director, the staff, and numerous plan professionals. The Executive Director reports directly to the Board of Trustees, manages the Funds Office, and oversees the day-to-day activities of the Funds.
The NYCDCC Welfare Fund was established in 1950.The NYCDCC Welfare Fund provides medical, hospital, dental, vision, prescription, life insurance short-term disability, accidental death and dismemberment, scholarship and vacation benefits. The NYCDCC Welfare Fund has approximately 15,000 active participants and 6,400 retired participants and beneficiaries receiving benefits. The Welfare Fund currently has assets of approximately $731 million.
In 1955, the NYCDCC Pension Fund was established to provide financial security for NYCDCC retirees. Today, the Pension Fund has approximately $3.7 billion in assets and pays defined monthly benefits to retirees and their surviving spouses. The NYCDCC Pension Fund currently has approximately 14,231 active participants, 15,083 retired or separated participants receiving benefits, and 4,006 retired or separated participants entitled to future benefits. The NYCDCC Pension Fund has been certified to be in the “green zone” since the enactment of the Pension Protection Act of 2006.
In 1966, the NYCDCC Annuity Fund was established to provide participants with additional economic security at retirement. Participants are able to make their own investment decisions regarding their accounts. Today, the Annuity Fund has approximately $2.7 billion in assets and is managed by Prudential.
The Apprenticeship, Journeyman Retraining, Educational and Industry Fund was created in 1966 to provide education and job training programs to apprentices and journeymen. The Apprenticeship Fund operates the New York City District Council of Carpenters Training Center, also located at 395 Hudson Street in New York City, which provides the training programs to support workers and also the needs of the industry at large, helping to meet the challenges of emerging trends and address issues in the construction industry. The Apprenticeship Fund trains approximately 1,300 carpenter apprentices and 13,000 journey level carpenters per year. The Apprenticeship Fund has approximately $62 million in assets.
Reporting directly to the Board of Trustees, the Executive Director will have overall responsibility for the operational, technical, organizational and financial administration of the Funds, including developing, implementing, and monitoring policies, programs, standards and procedures to ensure compliance with all applicable requirements, as well as overseeing development and implementation of strategic organizational, financial and technology initiatives.
The Executive Director oversees contributing employers with respect to their compliance with the contribution and auditing obligations to the Funds under numerous collective bargaining agreements.
The Executive Director represents the Funds in all aspects of leadership, management, strategic planning, personnel, and other functions as directed by Trustees.
The Executive Director is responsible for setting goals and for directing and motivating Funds Office staff, interacting collaboratively with the Board of Trustees, the District Council, Employer Associations, Local Unions, professional advisors and colleagues, and for keeping up to date on multi-employer fund administration.
The Executive Director is responsible for managing a large budget and staff.
The successful candidate will possess demonstrated leadership in a service industry environment of comparable size and complexity and a strong understanding of the management processes required to implement and maintain successful benefit plans. He or she will have a minimum of ten years of relevant business experience, the most recent of which will be in a role of significant leadership responsibility. Specific experience that is highly desired includes:
Successful experience as a CEO, President, Executive Director, or other applicable senior position involving full management responsibility of an organization with more than 80 employees.
Deep functional experience with budgeting, financial, tactical and strategic planning, human resources management and operational management in a benefits administration environment.
Significant experience in Taft-Hartley or collective bargaining environment and solid knowledge of employee benefit plans.
Accomplishments with mentoring and development of employees, team building and motivation of a staff, and managing and improving that staff’s performance.
Demonstrated success in leading efforts to assess and implement process and technological improvements to enhance operational efficiencies.
Exceptional communications skills, with the ability to tailor speaking and listening styles to diverse audiences.
Ability to effectively manage group dynamics and decision-making processes, and to facilitate consensus from diverse and sometimes opposing viewpoints.
Candidate should be proficient with current industry technology and have experience with benefits administration systems.
The ideal candidate will have strong project management skills, demonstrated strong leadership and judgment skills, be detail oriented and highly organized.
Ability to interpret financial and operating information into actionable plans.
Team player; collaborative style.
Excellent interpersonal and communication skills.
Bachelor’s degree and/or CEBS certification preferred.
Compensation will be competitive and commensurate with experience. Benefits include a defined contribution plan and family health coverage with no employee premium.
How to Apply
To apply, please e-mail your resume and salary requirements to [email protected].
The successful candidate will be expected to start employment as soon as possible.
The Funds are an equal opportunity employer. We encourage applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, veteran status, or any other characteristic protected by applicable law.