Work Arrangement:
This role is categorized as hybrid. This means the successful candidate is expected to report to Warren three times per week, at minimum.
The Role:
The Manager, U.S. Retirement will report to the Director, Global Benefits, Labor Relations and Hourly Compensation and lead a team responsible for development, design, and operations supporting Defined Contribution Plans, Defined Benefit Plans, Health Savings Accounts, profit sharing, and financial well-being strategy.
This position is responsible for the strategy development, analysis, assessment and operations of the salaried and hourly plans listed above. Key components include:
- Analysis of plan data and recommendation of future strategic initiatives for financial wellness and retirement readiness
- Strategic plan benchmarking studies
- Development of the annual retirement and savings plan design and recommendations
- Develop, bargain and implement U.S. hourly pension, savings and profit sharing and manage ongoing relationship with union partners
- Support Labor Relations in development of labor strategy
- Develop plan language and recommend updates to existing plan provisions, including partnering with third-party administrators on benefit design, implementation, communication, and delivery
- Analyze proposed and current legislative and regulatory changes (PBGC, DOL, ERISA) and recommend plan strategies as appropriate
- Assess “best practices” in the marketplace and recommend new technology or tools to facilitate employee engagement in personal financial management
- Evaluate and make recommendations for new technology (i.e. mobile applications for retirement readiness) and research state-of-the-art retirement/financial planning products
- Management of annual pension valuation census data report and assumptions in support of plan administrator certification process
- Complete monthly, quarterly and annual internal control tasks
- Update Summary Plan Descriptions
- Support pension and savings plan audits, internal and external
- Develop training and communications materials for Union Benefits Conferences, Union Benefit Representatives and salaried employees
- Provide direction and collaborate with GM Labor Relations, Human Resources, Policy, Legal, Tax, Finance, Treasury Operations and third-party administrators
- Oversee daily operations of retirement and savings programs for U.S. salaried, hourly, executive active employees and retirees, as applicable
- Flawlessly implement changes to existing or new benefit programs
- Ensure governance, compliance, and fiduciary responsibilities of benefit programs
- Have a process excellence mindset by identifying opportunities for greater standardization, process documentation, automation and participant education to improve employee experience and plan outcomes
- Manage third party vendor relationships and competitive bids with cross-functional support
- Create a positive environment with a focus to develop, motivate and mentor the team
- Oversee the development, implementation and communication of listed benefit programs and provide counsel and disposition regarding the administration of those policies and procedures
- Determine appropriate solutions and oversee the resolution of special or complex administration matters
- Review and implement plan amendments/restatements
- Develop standard operating procedures to standardize and streamline processes by utilizing best practices for all administration duties.
- Interact with service providers to proactively identify problems and issues and work to resolve and preserve data integrity
- Manage all administration special projects that may arise from regulatory, business or negotiated changes. Ex: SECURE 2.0
- Conduct research, identify data/metrics for analysis to aid in developing plan design strategy and labor negotiations
