Sodexo Careers

Director, Savings & Retirement

Location US-MD-Gaithersburg | US-PA-ALLENTOWN | US-NY-Cheektowaga
System ID
590614
Category
Human Resources
Relocation Type
No
Employment Status
Full-Time

Unit Description

Sodexo is currently searching for a Director, Savings & Retirement.  This position can work from our offices in either Gaithersburg, Maryland, Allentown, Pennsylvania, Buffalo, New York or a remote work location.

 

The Director, Savings & Retirement is responsible for design, administration and compliance of employee benefit programs primarily related to qualified and nonqualified defined contribution retirement plans. Responsible for day-to-day interaction with benefits consultants, investment advisors, brokers, trustees, and legal department. Responsible for all statutory and regulatory compliance and audit requirements. Monitor and manage the performance of vendor call center, including facilitating solutions to individual participant issues and regularly providing vendor with plan updates.

 

Responsibilities include:

  • Evaluation, implementation, administration, planning, and compliance of qualified and nonqualified retirement plans and other employee benefit plans and policies included in company standard and non-standard plan offerings.
  • Ensure compliance with federal regulations such as ERISA, HIPAA, and responsible for overseeing non-discrimination testing, as well as, compliance with certain state, region and city benefit-related regulations. Additional benefits requiring oversight include commuter benefits & multiemployer pension plans.
  • Support HR, Operations & Labor to manage retirement benefits for acquisitions, including trust-to-trust transfers, and non-standard benefit plan initiatives.
  • Support Benefits Governance and Special Projects; set priorities and allocate resources to align with business objectives.
  • Manage employee performance and development and set priorities and allocate resources to align with business objectives.

Knowledge requirements:

  • Director will have significant experience (i.e., 10+ years) with ERISA and other pertinent areas of the law as it pertains to both qualified and nonqualified retirement plans; managing complex vendor relationships, including but not limited to third-party administrators, auditors, and investment advisors. experience in analysis of financial data required; risk management; complex investment plan design; leading meetings, occasionally attended by senior executives, in person and on conference calls; drafting, revising, and maintaining plan documentation and other communications. Director works independently and can stand in for Senior Director as needed. 
  • Experience with multiemployer pension plans and operating in a partially unionized environment is preferred. Skills include strong Word, Excel, PowerPoint and Outlook skills; strong written and oral communication skills.
  • Strong analytical and problem-solving skills; strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters; and ability to effectively plan and assign work and supervise staff.
  • MBA preferred, and CEBS designation a plus.
  • 10 plus years as a team supervisor
  • 10 plus years in Benefits, experience with Qualified and Nonqualified Retirement Plans and Executive Compensation is required.

www.SodexoUSA.com

Position Summary

Responsible for design, administration and compliance of employee benefit programs primarily related to qualified and nonqualified defined contribution retirement plans. Responsible for day-to-day interaction with benefits consultants, investment advisors, brokers, trustees, and legal department. Responsible for all statutory and regulatory compliance and audit requirements. Monitor and manage the performance of vendor call center, including facilitating solutions to individual participant issues and regularly providing vendor with plan updates.  Primary duties include:

  • Responsible for evaluation, implementation, administration, planning, and compliance of qualified and nonqualified retirement plans and other employee benefit plans and policies included in company standard and non-standard plan offerings.
  • Ensure compliance with federal regulations such as ERISA, HIPAA, and responsible for overseeing non-discrimination testing, as well as, compliance with certain state, region and city benefit-related regulations.  Additional benefits requiring oversight include commuter benefits & multiemployer pension plans.
  • Support HR, Operations & Labor to manage retirement benefits for acquisitions, including trust-to-trust transfers, and non-standard benefit plan initiatives.   
  • Support Benefits Governance and Special Projects; set priorities and allocate resources to align with business objectives.
  • Manage employee performance and development and set priorities and allocate resources to align with business objectives.

Qualifications & Requirements

Basic Education Requirement - Bachelor's degree in a relevant field or equivalent experience;

Basic Management Experience - 7 years

Basic Functional Experience - 7 years related work experience which includes qualified and non-qualified retirement plans and deferred executive compensation

 

Sodexo is an EEO/AA/Minority/Female/Disability/Veteran employer.

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed