Retirement & Financial Benefits Program Manager

3 weeks ago

Paramus New Jersey, United States Veolia Full time
Job Description

BENEFITS

Veolia's comprehensive benefits package includes paid time off policies, as well as health, dental and vision insurance. In addition, employees are also entitled to participate in an employer sponsored 401(k) plan, to save for retirement.  Pay and benefits for employees represented by a union are outlined in their collective bargaining agreement. 

Position Purpose: 

You contribute to Veolia’s success by overseeing implementation, compliance, legislative changes, analysis, plan management, administration support, vendor management, RFP & integration, relevant projects and communication of all retirement & financial benefit plans including, but not limited to, 401(k), pension, nonqualified programs, life insurance and retiree medical. Provide leadership on merger and acquisition (M&A) initiatives by assessing potential acquisitions due diligence and leading the integration of retirement & financial benefit strategies and programs for newly acquired entities. Individual contributor role.

Primary Duties/Responsibilities:

Manage, develop and deliver employee qualified and nonqualified retirement programs and other financial benefits and education.

Lead project management for planning of acquired companies &/or M&A, oversee the project and implementation of competitive harmonized retirement benefits.

Partner with ERISA counsel and vendors to ensure compliance requirements meet or exceed for all retirement plans including providing guidance regarding new or existing DOL and IRS regulations relating to plan audits, financial reporting, government form filings (e.g., Form 5500), funding notices (SAR/AFN) and reporting, SPD/plan amendments etc.

Maintain awareness of current retirement benefits programs, market trends, legislative, tax, and social changes. Assess impact to the Company’s programs and design, advise senior leadership on recommended improvements and necessary updates, and manage implementation of changes as needed.

Lead the communication/marketing of benefits programs to ensure that the financial investment is optimized through employee understanding, attraction and retention.

Develop fiscal year budget for all program costs. Accountable for tracking plan costs on monthly, quarterly and/or annual basis.

Serve as liaison and manage relationships with investment advisors with regard to investment management, quarterly fiduciary meetings, etc.

Coordinate fiduciary meetings, non-discrimination testing, audits and/or any other matters related to retirement & financial benefit plans to ensure compliant plan management.

Design, develop, monitor, and analyze benchmarking data and other metrics relevant to retirement and financial benefits.

Partner with People (HR) Services & HRIS to provide guidance and support timely day to day matters &/or corrections.

Evaluate, recommend and select retirement and/or financial benefit providers. Make recommendations and act as a key facilitator for decisions in negotiations with benefit providers, auditors and consultants for services.

Provide leadership for projects and initiatives with cross functional areas, such as internal shared services, other members of the benefits’ team, and/or outside vendors.

Collaborate with HR partners to ensure a good understanding of programs and policies and to ensure coordination across groups.

Serve as an internal consultant and expert on benefit practices and processes.

Ensure programs and processes are documented, appropriately administered and that the highest standards of service and compliance are regularly met.

Serve in a consultative role for Canadian benefits team.

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