Executive Job Description | Pension Benefits Director
Location: Southeast US (confidential search)
Salary: Excellent & bonus
Relocation provided
Reports to: VP Benefits (dotted line to VP Accounting)
Pension Plans
Responsible for the design, administration and communication of the Company Pension Plan (Cash Balance).
Collaborate with outside trustee, actuary and legal counsel to ensure appropriate Plan administration, adequate funding, and compliance with applicable regulations and laws.
Ensure current employees are knowledgeable of benefits available to them through communication of accrued Plan benefits.
Provide information for decision making, and ensures initiation of benefits to retiring employees.
Monitor and evaluate performance of Plan's investment funds and reports results on regular basis to Retirement Committee. Keep Retirement Committee apprised of plan issues including funding level, compensation issues, etc.
Manage vendor relationship.
Coordinate and facilitate the completion of the Pension plan audit.
401(k) and Stock Ownership Plans
Responsible for the design, administration and communication of the Company 401(k) and Stock Ownership Plan, including the leveraged Employee Stock Ownership Plan.
Special Projects / Other
Prepare retirement benefit footnotes for 10K/10Q disclosures.
Coordinate actuarial assumptions to be used in benefit obligation assumptions.
Prepare journal entries as needed to facilitate proper quarterly accounting/reporting of benefit plan balances.
Responsible for the management of ancillary financial benefit programs including the company-endorsed Section 529 plan and the retiree life insurance and medical benefit programs.
Complete special projects as assigned, including analyzing proposed changes to benefit plans and present recommendations to senior management.
Review account reconciliations to ensure oversight/control environment is working properly.
Requirements:
Bachelors degree in business/finance/accounting and a minimum of 5-10 years experience
Outstanding oral/written communication skills, including the ability to make group presentations
Strong analytical skills - able to solve and analyze complicated proposals and succinctly communicate results
Thorough working knowledge of appropriate government regulations pertaining to defined benefit and defined contribution plans (ERISA and Internal Revenue Code).
Strong organizational skills and willingness to work as a team with other departments, particularly IS, payroll, and legal departments
Exposure to the accounting/finance implications of retirement plan maintenance and changes
Desired Qualifications
MBA
Working knowledge of word processing and human resources software
Accounting knowledge/CPA a plus
Understanding of investment principles, including the ability to analyze and monitor fund performance
Insurance industry experience a plus
Experience with Cash Balance Pension Plans
Role up your sleeve role. 80% of the role is in DB administration, 10% accounting, and 10% managing the 401k admin.
If you are interested and qualified, please send a Word copy of your resume/CV and salary requirements to the address below. When applying, please indicate the job and the location in the subject line of your e-mail. If this position is not for you and you know of someone who might be interested, please forward this to them.
Jericho HR Group
www.jerichohr.com
jobs@jerichohr.com
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