ESOP and Retirement Plans Specialist

Wawa, Inc.

22h•Onsite

About The Position

The ESOP and Retirement Plans Specialist will participate in the research, design and strategic development of all retirement plans, ensuring compliments to the Wawa’s Total Rewards offer. Execute the retirement plans and conduct performance analysis to measure the effectiveness of the plans.

Requirements

Bachelor’s degree in Finance, Business preferred
5 – 7 years retirement plans related experience including Employee Stock Ownership Plans
Experienced with leveraged ESOPs preferred
Knowledge of government filings such as Form 5500
Knowledge of various financing structures
Knowledge of business applications and reporting software
Excellent PC skills including Microsoft Office Suites and working knowledge of HR information systems
Ability to work well individually as well as in a team environment
Excellent oral and written communication skills
Excellent customer service skills
Ability to work with little or no supervision
Detail oriented and excellent organizational skills
Excellent analytical and problem solving skills
Ability to handle multiple projects simultaneously and independently
Excellent interpersonal skills
Proven self-starter with demonstrated ability to make decisions
Excellent leadership skills
Ability to adhere to and meet deadlines
Strong administrative and data management skills
Ability to raise issues proactively and in a timely manner
Strong vendor relations
Experience defined contribution plans

Responsibilities

Prepare and deliver full financial statements for the ESOP and all other retirement plans on a monthly basis and prepare reports for management indicating program status.
Prepare the year-to-date as well as year-to-year financial analysis utilized by the Board of Directors, Trustees, Retirement Plans Committee and Management Committee.
Organize and participate in Trustees and Retirement Plan Committee meetings.
Serve as a subject matter expert for the ESOP and all other Retirement Plans when partnering with Finance, People Team leadership and other stakeholders.
Schedule, coordinate and lead quarterly meetings for the Retirement Plans Committee.
Partner with People Team leadership in developing and executing the strategy for the ESOP and retirement plans.
Recommend changes to drive performance.
Develop and implement all necessary communications, which support existing programs, including those that support new plan initiatives.
Evaluate and analyze current ESOP and retirement plans and related practices
Forecast and trend the impacts of the plans for associates and the company and make recommendations for improvements or changes.
Manage all ESOP and retirement plans projects; act as the subject matter expert and lead for analytical support, work with partners to implement, communicate and oversee programs in support of new initiatives or changes.
Provide detailed and accurate ad-hoc analysis and studies on ESOP and all other retirement plans for Finance and People Team Leadership.
Responsible for ESOP repurchase liability studies and compliance reporting.
Provide subject matter expertise related to all ESOP and retirement plans support systems, including Workday, ensuring optimization of all processes.
Identify opportunities to change business processes, integrating them into the technology and facilitating their implementation, developing reporting and providing analyses; work cross-functionally to provide system/process documentation and training.
Ensure all plans adhere to federal regulations (ERISA, IRS, DOL) governing the administration of employee benefit plans.
Prepare and document the year-end financial statements and related schedules for approval by the Plan’s Auditors.
Lead data mining for all government inquiries.
Report on and assist with the gathering of monthly cost and performance data and investigate variances to budget or projections.
Make recommendations and develop action plans as necessary to ensure we meet performance goals.
Partner in the effort to build and enhance the ownership culture of the Company through communication plans and events related to the ESOP.
Work cross-functionally with People Team operations services to deliver and support the full retirement plans offer.
Monitor record keeper to ensure adherence to all plan provisions and regulations.
Work with the record keeper to create and maintain efficient systems, practices and work flows.
Maintain and develop relationships with existing and potential vendors.
Ensure vendor processes and interactions with customers meet expectations and are continuously reviewed for improvement.
Maintain and monitor performance standards to evaluate the performance of our retirement plan vendors.
Act as the custodian for the shares of Wawa, Inc. common stock held by the Employee Stock Ownership Plan and designated signatory for all plans to provide direction to the Plan record keeper on behalf of the Company.