Retirement Plans Manager

Location: Newark, New Jersey US

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Job Number: 499

External Description: Requisition ID:  64490 

Job Function/Category:  Human Resources 

Employment Type:  Exempt Full Time 

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey.  PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy. Job Summary

Work independently to manage the data integrity and adherence to Plan Documents for the Defined Benefit (Qualified and Non-Qualified), and Defined Contribution Plans. Responsibilities include, but are not limited to, operational tasks such as; delegation and monitoring vendor partners regarding plan implementation, resolution of systemic participant issues, serve as SME for Plan specific questions, lead internal/external audits, review benefit calculations for both Qualified and Non-Qualified Plans, implement audits of employee deferrals and employer contribution, review/develop participant communications, manage special projects, perform periodic reconciliations to ensure all activities are in compliance with Plan Provisions, administrative requirements, and government regulations, SOX Controls and work with legal to file VCPs.

Job Responsibilities

•Lead and/or implement SOX Controls/routine audits for the pension (Qualified and NQ) and 401(k) plans and act as point person for internal/external audits. This includes successfully identifying, tracking, and resolving root-cause of data issues while collaborating with other departments, vendors, and/or IT to develop improved processes. Also includes, drafting communications to participants and presenting issues to leadership and appropriate Committees when required. Evaluate all reoccurring projects with an eye towards process improvement to identify, analyze, and implement more efficient and robust processes. Maintain process documents •Resolution of systemic/complex participant issues; conduct research, work with IT, vendors, and/or internal groups to determine root cause, coordinate participant account cleanup with vendors, draft presentations/present to leadership and various Committees, work with Legal to file necessary VCPs. Communicate with employees, retirees, and union leaders to close out issues and provide benefit education as needed •Lead all aspects of the data integrity and adherence to the Plan Documents for the Defined Benefit (DB), Defined Contribution (DC), and Other Post Employment Benefits (OPEB) plans. Project manage initiatives, lead cross functional teams, demonstrate leadership, and meet all deliverables within established deadlines •Act as the SME; respond to day-to-day administrative team's higher level questions, review participant communications (SPDs, SMMs, web portal, etc.), review annual projects (5500s, PBGC, AFN, SAR, AFDN, etc.) as requested by day-to-day administrative team •Project manage plan implementations, vendor changes, enhancements, new legislation changes, and special projects specific to DB and DC plans within identified timelines. This includes reviewing legal plan documents, SMMs or summary plan description (SPD), vendor plan documentation and requirements, and plan changes are communicated to internal stakeholders •Review benefit calculations for both Qualified and Non-Qualified Plans •Engage procurement and vendors to develop project plans and associated scopes of work as necessary. Monitor vendor budgets vs actual invoices •Lead reoccurring projects; Proxy (review of retirement benefits sections), union official funding calculations, review of pensionable pay in connection with status as of bonus payout date, annual RMD review, review financial reporting retirement benefits sections, etc. •

Job Specific Qualifications

Basic Required Qualifications:
•8 plus years of actuarial or benefits experience •Bachelor's degree in Business, HR, Finance/Accounting, or related field
Other Basic Qualifications
•Advanced system skills/knowledge in Excel •Intermediate Microsoft Word and PowerPoint skills •Strong analytical skills and superior attention to detail •Experience in data management and reconciliations •Demonstrate strong organizational skills and the ability to work independently with minimal guidance •Ability to interpret plan provisions from plan documents, summary plan documents, or other related plan materials •Self-motivated individual that ensures final work products are of high quality, complete, and provided in a timely fashion •Ability to balance and prioritize multiple projects at one time •Ability to understand detailed pension benefit calculations •Knowledge of ERISA, PPA, SOX regulations and social security, as related to pension and 401(k) plans •Strong Interpersonal Skills, including written and oral communication •Occasional travel to Long Island
Desired Qualifications:
•Vendor relations/management skills •Knowledge of SAP •CEBS or CBP desirable •Microsoft Access

Minimum Years of Experience

8 years of experience

Education

Bachelor in Human Resources or Finance

Bachelors in Accounting

Disclaimer

Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

This site ( http://www.pseg.com ) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.

Certain positions at the Company may require you to have access to Part 810-Controlled Information.  Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information.  Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made.  If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

Nearest Major Market: Newark
Nearest Secondary Market: New York City
Job Segment: ERP, SAP, Compliance, Procurement, Accounting, Technology, Legal, Operations, Finance

Job Number: 64490

Community / Marketing Title: Retirement Plans Manager

Location_formattedLocationLong: Newark, New Jersey US

 

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