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Busey Bank
Leave and Retirement Plan Administration Manager
Career Insights for Compensation / Benefits Manager
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Based on Illinois data
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What they do
A Compensation or Benefits Manager manages compensation and benefits systems and records for an organization or company. Determines pay structure and job classifications for company employees. Supervises payroll, accounting of employee benefits, and payout of benefits such as pensions or disability insurance.
$128,422 / year median in Illinois
+6% projected growth
Job Description
Position Summary The Leave and Retirement Plan Administration Manager is responsible for overseeing the strategy, administration, and compliance of all leave-related programs, including Family and Medical Leave (FMLA), ADA accommodations, workers' compensation, life/disability, and other leave of absence programs as well as administration of the retirement program. Reporting to the Managing Director of Benefits and Wellness, this role ensures consistent, compliant, and associate-focused leave practices while delivering operational excellence and exceptional service to internal customers. The Manager leads the development of processes, policies, and partnerships that support both employees and the organization, ensuring a balanced approach to compliance, care, and efficiency. The Intranet & Internal Communications Specialist assists the Communications Director in the execution of corporate communications strategies and related initiatives for First Busey Corporation subsidiaries. Further, it is the responsibility of this individual to coordinate internal and external communications as it relates to non-product information, strategic initiatives and other corporate information, while effectively representing Busey to our 4 Pillars - associates, customers, shareholders and communities. This role also supports the maintenance, administration and ongoing enhancement of Busey's intranet platform, ensuring content remains current, accurate and accessible for associates. Duties & Responsibilities Leave Strategy & Program Oversight Oversee the organization's leave administration strategy, ensuring alignment with organizational goals and regulatory requirements Lead administration of all leave programs, including FMLA, personal leaves, military leave, and other applicable programs Ensure programs are consistent, equitable, and aligned with company policies and values Ensure compliance with federal, state, and local laws, including FMLA, ADA, workers' compensation, and other applicable regulations Partner with Legal, HR, and Risk Management to mitigate risk and address complex cases Maintain up-to-date knowledge of regulatory changes and adjust policies and practices accordingly Life & Disability Administration Oversee administration of short term and long term disability, worksite benefits, and life insurance claims Partner with the vendor, ensure timely follow up and processing of claims Provide associate support and guidance for a seamless experience ADA & Workplace Accomodations Oversee the interactive process for ADA accommodations, ensuring timely, compliant, and employee-centered outcomes Partner with leaders and HR Business Partners to implement reasonable accommodations effectively Provide guidance and expertise on complex or sensitive accommodation situations Workers' Compensation Oversight Lead workers' compensation program administration, including claim management, vendor coordination, and return-to-work programs Partner with internal and external stakeholders to ensure timely resolution of claims and reduce organizational risk Identify trends and provide strategies to improve outcomes and reduce costs Retirement Plan Administration Lead administration of the retirement plan including enrollment, eligibility, contributions, distributions, loans, and rollovers Develop and execute plan communication, education and engagement strategies Ensure compliance with ERISA, IRS, and DOL regulations Assist with Profit Sharing and year-end testing, annual audits, plan documents and disclosures