Manager, Pension Administration

Exelon•Chicago, IL

17h•$109,600 - $150,700

About The Position

Responsible for the administration of the company's qualified and nonqualified defined benefit pension plans, including QDRO administration and serves as the subject matter expert in these areas. Works directly with third party administrators (TPA) related to delivery of Pension and QDRO administration. Acts as a primary company representative and liaison with internal clients and external Pension/QDRO vendors to ensure a high level of customer satisfaction and cost savings across Exelon. Understands the end-to-end process and creates/designs new processes. Works directly with plan administrators to resolve plan, policy or ERISA appeal issues.

Requirements

4-year degree in accounting, HR, or related field and 7-10 years in Pension administration and 5 years of HR experience.
Solid project management skills.
Proven ability in vendor management.
Excellent customer service skills, strong communications skills, and solid project management skills.
Understanding of defined contribution retirement plans as well as QDRO administration.
Ability to work well in project environment.
Makes decisions based on analysis of relevant information including plan documents, problems, root cause analysis, priorities, critical issues, and alternatives.
Works with others to achieve common goals that result in more than what could be done individually.
Applies sound management principles to maintain work flow, create change and shift paradigms.
Strong leader with ability to motivate others to work toward a shared business vision; balance priorities; leadership approach that emphasizes visibility, employee development, communications and trust.
Advanced skills in accountability, ownership and a strong sense of urgency in responding to customers.
Knowledge of applicable laws and regulations.
In lieu of degree, 9-12 years of relevant experience.

Nice To Haves

Certified Employee Benefits Specialist.
Experienced TPA work in defined benefit/defined contribution.
Experience completing complex pension calculations, qualified and nonqualified.
Experience and success in building co-operative business relationships with employee representatives.
Ability to work co-operatively and synergistically with other managers to achieve service center business goals.
3-5 years of supervisory experience.

Responsibilities

Administer the company's qualified and nonqualified benefit retirement plans and serves as the subject matter expert on all retirement plans. (30%)
Manage and directs TPA and monitors compliance with contractual performance standards. (20%)
Evaluate and interpret plan documents, procedures, and contracts related to Pension/QRDO to ensure company and legal compliance as governed by ERISA, the Internal Revenue Code and Department of Labor. (10%)
Identify, develop, and implement process improvements to ensure service levels and customer satisfaction are met. (20%)
Manage the delivery of the annual pension statements, any retiree cost of living adjustments and funding instructions of the pension plan checking accounts. (10%)
Identify controls to ensure compliance with Sarbanes-Oxley. Self-audits and monitors operations to ensure controls are operating as designed. (10%)

Benefits

Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $109,600.00/Yr. – $150,700.00/Yr.
Annual Bonus for eligible positions: 20%
401(k) match and annual company contribution
Medical, dental and vision insurance
Life and disability insurance
Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
Employee Assistance Program and resources for mental and emotional support
Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
Referral bonus program
And much more