Retirement Manager

Tampa Electric Company•Tampa, FL

1d•Onsite

About The Position

The Retirement Manager is responsible for the strategy and executing of the retirement plan design, interpretation, recommendation and implementation of the qualified and non-qualified retirement plans to include defined benefit and defined contribution plan. Ensures compliance with ERISA, IRS and DOL regulations. Works closely with the financial reporting and forecasting finance teams and is a working staff member of the Benefits Committee. Responsible for relationships with outside vendors including record keepers, administrators, actuaries, attorneys, consultants, trustees and other external professionals.

Requirements

Bachelor’s degree in Math, Finance, Accounting, Business Administration or related field required.
Seven (7) years of analysis or financial management experience, retirement (defined benefits and defined contribution) administration management and three (3) years of managing relationships and contracts with 3rd party vendors, agencies and compliance related activities required.
Demonstrated ability to analyze and interpret laws and regulations, to accumulate and analyze data, prepare comprehensive reports, speak and write effectively and work with minimal direction.

Nice To Haves

S/PHR, Certified Employee Benefits Specialist (CEBS), Certified Benefits Professional (CBP) or related professional designation preferred, but not required.
Pension and postretirement benefit accounting (ASC 715) knowledge preferred but not required.

Responsibilities

Executes the strategy as defined by leadership, and is responsible for the administration, analysis, design and interpretation, recommendation and implementation of qualified retirement plans.
Monitors and identifies trends in changing policies, legislation and the marketplace in the qualified retirement plan arena and develops strategies to address these issues.
Ensures retirement benefits align with corporate goals and objectives, as well as meeting financial objectives.
Responsible for all operational aspects of the qualified retirement plans and supplemental executive retirement plans.
Ensures the plans’ operations and documentation comply with applicable regulations.
Serve as the business owner for SOX controls related to the retirement plans and pension accounting.
Negotiates contracts for professional services through the RFP process.
Ensures accuracy and integrity of employee records.
Leads projects such as implementation of new benefit plans, vendor transitions and retirement windows.
Collaborates with HRIS and IT partners as needed for ERP systems updates.
Provides sign off on year-end activities related to retirement contribution limits and other payroll elements that affect the retirement plans recordkeeping accuracy.
Prepares and reviews correspondence and presentations explaining the provisions of ERISA and IRS rules and regulations.
Available as a resource to employees regarding retirement benefits.
Reviews financial reporting, as well as governmental reporting and disclosures; collaborates with Corporate Accounting on actuarial analysis and funding.
Ensures accurate financial reporting and forecasting of payroll liabilities and tax reporting.
Leads the data collection and associated documentation in preparation for the Form 5500 and other compliance work.
Leads the due diligence associated with the review of retirement plans as part of corporate merger and acquisition or divestiture activities.
Responsible for planning and coordination of activities involved in merging qualified retirement plans.
Acts as liaison, as needed, between TECO Energy service providers and prior plan service providers, reviews prior plan features with legal counsel, oversees transfer of data from prior plan, and handles various employee communications and problem resolution. (As needed)
Recommends and implements process improvements to ensure the highest level of efficiency and compliance.
Continuously monitors the processes in place to ensure accuracy of administration vis a vis the plan documents.
Staff members on the Benefits Committee assist in the execution of requests for information or other matters from the committee.
May present to the committee as needed as the subject matter expert.