Specialist, Retirement Benefits
4 weeks ago
Specialist, Retirement Benefits
Position ID:
Org Unit:
Human Resources
Location:
Houston
Chemistry that MattersTM
A career at SABIC provides you with an opportunity to leave a lasting positive impact to the world and yourself. From excellent health and well-being benefits to our comprehensive learning programs. We offer a wide range of benefits and offerings that recognize that our people have unique motivations and ambitions. It's all about matching what matters to you with what matters to us. Let's explore what matters
As one of the world's largest diversified chemical companies, we activate the power of human capital to address society's future challenges. Through partnerships, we enable life-saving medical innovations and help fight world hunger. We are driving the circular economy for the benefit of communities and our planet through sustainability initiatives, such as our TRUCIRCLETM portfolio. Our success is built upon the collective excellence of our 32,000 employees in 50+ countries. Our values – Inspire, Engage, Create, and Deliver – are the foundation of our success. To learn more about these and how we strive to Be the Impact, click here.
Our purpose is "Chemistry that Matters". This is what drives us to do what we do. "Chemistry" goes beyond applying science and technology to enhance the supply of essential materials to the world. It is how we work, to build long-lasting relationships of trust. "What Matters" is making a meaningful impact for the world – through the customers and communities we collaborate with, so that we succeed and grow together.
It is all about matching what matters to you with what matters to us. We are mindful about the importance of the team we are building and how our team members impact to our culture. We believe that good ideas come from anywhere, being inclusive to diverse perspectives is stimulating, encourages innovation and is critical to our mission. Let us explore this together
For an overview of our benefits here at SABIC, please visit:
Job Summary
This role provides subject matter expertise for the administration, design, service & delivery of retirement benefits and programs to employees and other plan participants. These benefits include, but are not limited to, qualified and non-qualified defined benefit pension, qualified and non-qualified defined contribution and deferred compensation. Responsibilities include managing the administration, design, service & delivery, eligibility determination, enrollment, customer service, vendors and regulatory compliance. The role has a heavy focus on U.S employee benefits with expanding involvement across Americas Region.
How You Can Be the Impact
- Support future plan design and development of company's retirement benefits and programs.
- Benchmark the business' cost performance and designs vs. external industry trends.
- Provide subject matter expertise on assigned employee benefits including operational considerations to successfully deliver the benefits and programs.
- Drive efforts to develop strategic initiatives and programs to manage cost, evaluate benefit design alternatives, and determine employee and participant impact working closely with cross-functional team members.
- Analyzes benefit costs and trends to identify key cost drivers and recommend actions.
- Support company's mergers & acquisitions efforts and other project work.
- Manage assigned suppliers and vendors including leading the vendors efforts to the company's enrollment process.
- Serve as business contact for escalated issues related to assigned plans/vendors.
- Partner with vendors to develop and execute sustained financial wellbeing/education strategy for particiants that emphasizes the EVP, understanding and appreciation of wealth accumulation programs that results in a best in class employee experience.
- Provide subject matter expertise during supplier/vendor procurement processes.
- Manage employee and participant regulatory communications including writing and maintaining summary plan descriptions and modifications.
- Ensure regulatory compliance of assigned benefit plans.
What Matters to SABIC
- Bachelor's degree in business, finance, accounting, health, social sciences, or related field.
- Master's degree in similar fields a plus.
- 7 years minimum experience in employee benefits, human resources, and/or compensation with an emphasis on retirement benefits and programs.
- Experience in supplier management, negotiations and sourcing processes.
- Broad knowledge of federal and state laws related to the administration of employee benefits.
- Strong written and oral communications skills.
- Advanced analytical skills and strong presentation skills.
Eligibility Requirements
- You must submit your application for employment online to be considered. Please submit your resume using the "Apply Now/Apply" option on this page.
- You must be 18 years or older
- Applicants must be currently authorized to work for SABIC in the United States on a full-time basis.
Work Availability
Regular, predictable attendance is an essential function of this position. Applicants must be regularly available and willing to work during assigned hours of operation and such other hours as the company determines are necessary or desirable to meet business needs.
We are proud to be a diverse and an equal opportunity employer. We are fully committed to a culture of respect and inclusion.
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