Retirement Programs Manager
Bachelor's Degree, preferably in accounting, human resources, business/finance, or statistics/mathematics
Minimum of 8 years of progressively responsible experience working with defined contribution and defined benefit retirement plans
Sound business/financial acumen to analyze workforce, benefits and compensation data, identify trends and recommend appropriate actions
Current knowledge of benefit designs, trends, applicable regulations, and best practices (IRS, EEO, HIPAA, ERISA, etc.)
Experience establishing third party contracts and managing service providers
Ability to develop strong fact-based business cases for any recommended changes Proven ability to handle confidential or sensitive information appropriately at all times
Ability to communicate effectively and concisely with internal/external stakeholders at various levels
Demonstrated commitment of supporting principles of equal opportunity and affirmative action to achieve a diverse workforce
Demonstrated ability to work effectively in informal and formal teaming arrangements with individuals from diverse communities and cultures
Superior attention to detail
Demonstrated experience managing or supervising professional staff
Strong analytical, problem solving and project management skills required.
Strong communication skills with all levels of the organization.
Experience communicating with a diverse audience.
High emotional intelligence, good listener
Ability to work collaboratively in a team environment.
Ability to foster positive partnering relationships among University stakeholders, governance committees, benefits team, OHR, University HR partners, Finance, IT, and carrier/vendor partners.
Capable to see large picture as well as granularity of a situation/project Negotiating skills: good sense of timing, gains trust quickly, settles differences with minimum noise, skillful in tough situations.
Professional retirement benefits certification or demonstrated work toward certification, from a recognized professional or educational organization such as ASPPA. (QKA, QPA), CEBS, CBP
Master?s in Business, Finance, Accounting
Experience with HRMS system and outsourced benefits administrator
Public sector experience
About the Job
The Retirement Programs Manager leads and manages implementation of plan changes and amendments as well as communication, administration, and evaluation of the University?s retirement benefit programs including the Faculty Retirement Plan, Optional 403(b) and 457 Plans, as well as other plans. This position is the primary contact on behalf of the University with the Minnesota State Retirement System (MSRS). In addition, this role represents the Office of Human Resources in relevant internal University meetings and is a key contributor and leader to furthering retirement readiness and financial literacy among University employees.
The Retirement Programs Manager partners closely within the Office of Human Resources (OHR), with the Office of Investments and Banking (OIB), the Office of the General Counsel (OGC) and the Retirement Plan Governance Committee (RPGC) to develop, recommend and implement the strategy for University retirement plan benefits. The Retirement Programs Manager is the University representative to the Minnesota State Retirement System (MSRS) Board. This position reports to the Senior Director of Total Compensation.
Strategy and Planning 25%
Engages in negotiation efforts with vendors and recordkeepers regarding costs, performance guarantees, and customer service in line with University expectations. Supports process to finalize agreements, contracts and amendments with plan vendors and provides this recommendation to OHR, OIB, and RPGC for review and approval
Leads development effort for effective employee-facing programs in the areas of financial wellness and retirement readiness, utilizing new technology and best practices to provide strong knowledge base in these areas to employees
Active leader in change management projects related to significant retirement plan changes
Leads project teams
Management and Development 25%
Manages staff of benefit counselors and retirement plan administrator
Coach, mentor, and motivate staff and influence them to take positive action and accountability for their goals and work, developing a collaborative team of independent contributors
Set annual department goals with Total Compensation Director and management team
Develop individual team member goals from department goals and regularly discuss progress, challenges and changes with individual team members
Set development program for each team member and review regularly
Set example of professionalism for staff through demonstration of ethics, integrity, and personal commitment
Consultation and Communication 25%
Represents the University at MSRS board meetings, communicates with MSRS staff on administrative and compliance matters, as well as individual employee situations.
Supports inquiries from University human resource leaders, OHR employee relations, OHR total compensation, OHR senior leadership, and University committees and employees by responding in a timely and complete manner.
Represents the Office of Human Resources at the University Senate Retirement Plan Subcommittee, providing timely and responsive support to the Subcommittee agenda.
Provides direction to the creation, development, and implementation of benefits communications and education necessary for internal training, and for employee education, working closely with OHR and OIB leadership on these programs
Retirement Plan Expertise and Administration 25%
Possess or quickly develop detailed knowledge of University retirement programs on plan designs, regulations, statutes, legislation, internal policies and procedures, and external benchmarks.
Fully comprehend HRMS activities which relate to retirement programs, including service provider management, establishing requirements and contracts, and ensuring the right tools and information are available to meet business needs
Provides appropriate guidance, tools, & resources to answer employee questions related to benefits plans, responding quickly and expertly to requests from OHR Contact Center, and OHR benefits counselors.
Supports and collaborates on initiatives and activities regarding possible changes, amendments, restatements to plan documentation, and makes recommendations to OHR senior leadership and RPGC as appropriate.
Supports periodic compensation planning and administration processes as needed
About the Department
About the Office of Human Resources:
Mission: The Office of Human Resources(OHR) strategically leads and partners with our community to provide the diverse workforce and organizational capabilities that drive excellence in the University.
Vision: Create the diverse workplace of the future where people are engaged, connected, thriving, and achieving.
Values: Integrity, service, innovation, collaboration, responsibility
How To Apply
Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.
Additional documents may be attached after application by accessing your "My Activities" page and uploading documents there.
To request an accommodation during the application process, please e-mail firstname.lastname@example.org or call (612) 624-UOHR (8647).
The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.
The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu.
Background Check Information
Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.
About the U of M
The University of Minnesota, Twin Cities (UMTC)
The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.
Retirement Programs Manager