Director of Global Retirement Plans
About The Position
The Director of Global Retirement Plans provides strategic leadership, governance, and financial oversight for McCormick’s global retirement programs. Initially, the role leads McCormick’s internal retirement plan workstream for the proposed combination with Unilever Foods, coordinating external advisors and internal stakeholders to support a successful transition. Following integration, the Director oversees the ongoing governance, funding, investment, compliance, financial reporting, and vendor management of McCormick’s retirement plans. The position is hybrid, with a 50/50 work arrangement at McCormick’s Global Headquarters in Hunt Valley, Maryland. The role works closely with senior leadership, plan fiduciaries, external advisors and service providers, and internal teams across HR, Finance, Legal, Tax, Treasury, Payroll, IT, Communications, and regional functions.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Finance, Economics, Statistics, or a related field.
- ASA, FSA, or equivalent qualified actuary designation required.
- Significant progressive experience in pension consulting, actuarial services, corporate retirement plans, or related financial roles.
- Deep expertise in defined benefit plan valuation, funding, accounting, asset-liability management, investments, and actuarial risk management.
- Experience with global or multi-country retirement programs, including regulatory, tax, accounting, and governance considerations.
- Experience overseeing external actuarial consultants and evaluating complex technical analyses and recommendations.
- Demonstrated success leading complex transactions, integrations, plan transitions, or large-scale transformation initiatives.
- Strong understanding of pension financial reporting, actuarial valuations, audits, and fiduciary or board-level reporting.
- Strong strategic, analytical, communication, stakeholder-management, and leadership skills.
Nice To Haves
- Experience with pension de-risking or risk-transfer transactions.
Responsibilities
- Lead McCormick’s retirement plan integration activities, partnering with external advisors and cross-functional internal teams.
- Coordinate key decisions, milestones, risks, and communications to support plan readiness and transition.
- Review and guide recommendations related to plan design, funding, assumptions, governance, data, vendors, and implementation.
- Provide progress updates, escalate issues, and make recommendations to leadership.
- Establish and maintain a consistent governance framework for global retirement plans, including policies, committee support, decision rights, and monitoring.
- Develop retirement plan strategies that balance employee needs, market competitiveness, financial stewardship, and risk management.
- Advise senior leadership and plan fiduciaries on significant retirement plan matters.
- Oversee pension funding, contribution forecasting, liquidity planning, and financial risk management in partnership with Finance and Treasury.
- Monitor investment strategy, asset allocation, manager performance, fees, funded status, and key plan risks with fiduciaries and external investment advisors.
- Evaluate de-risking and pension risk-transfer opportunities, as appropriate.
- Lead pension forecasting, actuarial assumptions, accounting, disclosures, and audit support for quarterly, annual, and statutory reporting.
- Ensure plans meet applicable legal, tax, accounting, fiduciary, and governance requirements across relevant countries.
- Oversee compliance activities, plan documentation, filings, audits, controls, and fiduciary processes.
- Manage relationships and performance of actuarial, investment, administrative, legal, and other retirement plan service providers.
- Partner with HR, Finance, Legal, Tax, Treasury, Payroll, IT, Communications, and regional teams to deliver effective plan administration and employee support.
Benefits
- Competitive compensation
- Career growth opportunities
- Flexibility and support for diverse life stages and choices
- Comprehensive health plans covering medical, vision, dental, life, and disability benefits
- Paid parental leave
- Fertility benefits
- Employee Assistance Program
- Caregiver support
- 401(k) and profit-sharing plans
- Incentive Bonus Plan, Sales Incentive Bonus Plan, or Dividend Program eligibility
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What This Job Offers
Job Type
Full-time
Career Level
Director
