Retirement & Savings Analyst

Stellantis•Auburn Hills, MI

About The Position

This role involves a variety of responsibilities related to pension administration, auditing, and compliance. The analyst will assist with internal audits, actuarial valuations, and annual plan audits. A key part of the role is investigating and resolving escalated cases from various stakeholders, including the Pension Administrator and UAW. The analyst will also be responsible for verifying and maintaining records such as credited service, contribution history, and deferred vested eligibility. Additionally, the position supports group legal services, serves on the UAW Pension Board of Administration, and assists with UAW negotiations and international support. Vendor management for the Pension Administrator, pension communications, and administration of Permanent and Total Disability (PTD) retirements are also included. The role requires processing hardship applications, supporting legal compliance with ERISA, IRC, and SOX, and providing backup support for defined contribution payments and special separation programs.

Requirements

Bachelor’s degree
Minimum of three years of experience in Pension Administration, Finance, Accounting, Defined Benefit Plan Auditing, Actuarial Services, Human Resources or Labor Relations
Ability to analyze data problem-solve, and provide recommendations for resolving issues
Proficient in Microsoft Excel, Word, and PowerPoint
Excellent verbal and written communication skills, including presentation skills
Organizational skills with the ability to manage multiple tasks and deadlines effectively
Inquisitive mindset with a focus on continuous improvement and innovative problem-solving
Ability to read, interpret, and apply provisions of plan documents accurately

Nice To Haves

Bachelor’s degree in Accounting, Finance, Mathematics, Actuarial Science, or a related field and/or Master’s degree
Pension Audit Experience: Experience auditing defined benefit plans
Defined Benefit Plan Administration: Experience administering defined benefit plans
Payment Recalculation: Ability to recalculate defined benefit plan pension payments to verify accuracy and address discrepancies
Research: Skilled in researching credited service and other pension related records, identifying issues and proposing resolution

Responsibilities

Assist with internal audits, actuarial valuations (ACTVAL), annual plan audits and participate in Pension Administrator reviews.
Evaluate audit findings and recommend enhancements to internal controls.
Investigate and resolve escalated bargaining unit (BU) cases from the Pension Administrator, UAW and other stakeholders.
Analyze complex pension issues and propose accurate, timely resolutions.
Audit credited service records, contribution history, and deferred vested eligibility determinations.
Ensure Pension Administrator records are accurately maintained and updated.
Audit eligibility records and process annual payment per the UAW Contract for Group Legal Services.
Serve on the UAW Pension Board of Administration, review materials for accuracy and coordinate monthly meeting documentation.
Assist with UAW negotiations and serve on the R&S Pension Subcommittee.
Respond and resolve pension inquiries and issues from International UAW.
Support vendor management activities for the Pension Administrator including service level agreement monitoring and invoicing.
Support drafting, review, and distribution of pension related communications to Union Benefit Representatives (UBRs), retirees and deferred vested participants.
Manage Permanent and Total Disability (PTD) retirement administration including preparation of PTD approval and denial letters and PTD claim and appeal letters.
Review and process hardship applications providing recommendations to the UAW.
Support compliance with ERISA, IRC and SOX requirements.
Provide back up support for defined contribution payments.
Support special separation programs for bargaining and non-bargaining units.