Pension Retirement Manager
Posted on: January 14, 2019
Where good people build rewarding careers. Think that working in the insurance field can't be exciting, rewarding and challenging? Think again. You'll help us reinvent protection and retirement to improve customers' lives. We'll help you make an impact with our training and mentoring offerings. Here, you'll have the opportunity to expand and apply your skills in ways you never thought possible. And you'll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life. Job Description The Retirement Plans Team within Benefits Design and Planning is responsible for creating and managing innovative retirement plan options that attract, engage and retain employees to the Enterprise. Benefits Design and Planning collaborates and consults with leadership, business clients, HR Business Partners and other HR partners to identify develop and implement strategic enterprise initiatives that impact benefits and talent management strategies. The team is responsible for ensuring that the retirement plans are in compliance with ERISA and federal and state laws as well as all the accounting and financial reporting. The Retirement Manager is responsible for delivering core benefit design & planning initiatives to all plan participants by applying professional judgment, knowledge, experience and a broad perspective. The individual will be responsible for managing all aspects of retirement plans and programs including vendor management, compliance, project management, strategic planning and design and communication. In addition, the individual will be responsible for implementing, managing and developing innovative solutions that support the business unit strategy and design by applying thought leadership and their subject matter expertise. This includes project planning, execution, timing, functionality, quality, communication, and cost. Plans and Programs may include (but are not limited to) pension, 401K, and non-qualified retirement plans. Job Description The individual will work with internal and external vendor resources to deliver participant services and is responsible for the following:* Vendor Management* Effectively manage large/complex vendors and all other vendor relationships within their work stream (e.g. trustee, investment managers, record keeper, investment advisor, BPO vendor and auditor).* Ensure vendors are adhering to statement of work, service level agreements and contract terms including costs and out of scope fees. Take appropriate corrective action as necessary to ensure adherence to contract provisions.* Facilitate performance review sessions, audits and the development of contract requirements and performance standards.* Ensure proper management of all vendors within work stream, taking appropriate action when necessary.* Preparation of Request for Proposals, participate in the scoring, develop business case for recommendations. * Compliance* Ensure all plans and programs are compliant with ERISA and all applicable federal and state laws within their work stream. Take appropriate corrective action as necessary to ensure compliance.* Coordinate and review all filing requirements and employee notices.* Following law changes or design change, coordinate and review all appropriate plan documents, policies and administrative procedures. Coordinate all required changes with vendors.* Coordinate and review all appropriate communications to participant and internal business partners following law or design changes.* Coordinate and review monthly accounting processes, external audits of the plans, completion of 5500 reports, GAAP disclosure process and SOX reporting processes and work with actuaries to develop pension plan liabilities. * Project Management* Manage implementation of large/complex projects, and oversight of all other projects within their work stream; implements strategic change.* Independently determine approach to managing projects/teams.* Develop, manage, and execute project plans, including managing project resources and budgets. See project through to completion.* Lead and execute the development of project documents, status reports, measurements, and set performance expectations.* Reach out, support and collaborate with other HR areas and or business units. * Strategic Planning/Design* Ensure internal/external understanding of the overall business unit strategy.* Play key leadership role in design of Retirement plans that are cost effective, competitive and attracts/retains quality employees; provide leadership with various options and alternatives for further consideration.* Ensure appropriate benchmarking of design features to evaluate competitiveness of plan design.* Provide direction and guidance to ensure that the business strategy is considered when designing new processes, employee communications and in the daily management of employees and resources.* Leverage quantitative, qualitative and trend data to draw conclusions and to help drive business results.* Work with various fiduciary/board committees to monitor marketplace trends, retirement plan investment alternatives; recommend plan design changes. Job Qualifications* Education: Bachelor's Degree required/ CPA or Masters Degree a plus. Relevant HR certification a plus (i.e. CEBS)* Experience: 7+ years of relevant work experience; specific retirement experience preferred* Professional with strong organizational, communication and administrative skills* Advanced knowledge of Retirement plans* Advanced analytical skills* Advanced vendor and project management skills* Works independently with guidance in only the most complex situations* Integrates deep subject matter expertise by having industry experience in benefits and in-depth knowledge of operational processes* Provides influence and authoritative advice* Advanced time management skills including ability to handle multiple projects, prioritize and organize* Strong business writing skills* Establish, manage and leverage relationships with internal and external partners* Advanced accounting and finance skills with basic knowledge of actuarial terms and concepts* Advanced knowledge of the Microsoft Suite of business software and knowledge of SAP* Ability to recognize gaps in processes and recommend holistic solutions* Ability to anticipate operational issues and develop preventative measures* Creative thinking and advanced problem solving skills* Advanced understanding of HR strategy, policy and integration points The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen. Good Work. Good Life. Good Hands?. As a Fortune 100 company and industry leader, we provide a competitive salary - but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy. Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video. Allstate generally does not sponsor individuals for employment-based visas for this position. Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component. For jobs in San Francisco, please click "here" for information regarding the San Francisco Fair Chance Ordinance. For jobs in Los Angeles, please click "here" for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance. It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.
Keywords: Allstate, Irving , Pension Retirement Manager, Executive , Irving, Texas
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