Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry.
To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.
National Grid is hiring a Lead Specialist of Retirement Strategy in our Brooklyn, NY office.
Support the design, implementation and execution of the US retirement strategy and all US retirement plans and policies for all management and union employees including communications and compliance. This includes defined benefit pension plans, defined contribution plans and other post-retirement benefits covering 17,000+ active employees and over 20,000 retirees.
Develop strong working relationships with the HR Business Partners, Labor Partners and Employee Services to transfer knowledge, communicate and coordinate retirement plan offerings or changes
Works with a variety of internal and external sources such as attorneys, actuaries, providers and vendors on retirement plans
Provide assistance and subject matter expertise to Employee Services and plan administrators on retirement issues to interpret the plans and resolve any situations that may arise; resolve retirement issues/questions from employees and retirees efficiently and timely when Employee Services or the administrator needs guidance
Design and develop retirement benefit programs and modifications including early retirement offerings; analyze cost impact and assess impact on participants
Prepare, review, interpret and maintain retirement plan documents, amendments, notices, summary plan descriptions (SPD's) and summary of material modifications (SMM's)
Monitor trends in the marketplace and assess the competitiveness of National Grid retirement plans by identifying and researching industry best practices; ensure plans are aligned with business objectives
Keep abreast of regulations and legislative developments that may have an impact on National Grid retirement plans to ensure compliance with legal requirements
Involved with various annual and other retirement plan audits for retirement plans conducted by the Internal Revenue Service, the Department of Labor or Clifton, Larsen and Allen
As needed, involved with projects such as RFP’s or support due diligence efforts during mergers/acquisitions/divestitures as it relates to retirement plans; support integration efforts through a comprehensive review of legacy retirement plans, an assessment of market trends and best practices and recommendations for possible harmonization and alignment
Bachelor’s degree in Human Resources Management, Finance, Business Administration or related field is required; Master’s degree is preferred; Professional certification is a plus
Minimum of 5 to 7 years of experience in the Total Rewards area (compensation, benefits and pension) with a proven, comprehensive understanding of retirement benefits (e.g., defined contribution plans, defined benefit plans and non-qualified plans a plus
Strong knowledge of trends in the retirement industry including legislation and rules governing US pension and retirement plans; working knowledge of ERISA and current on IRS, DOL and other regulatory agencies rules and regulations and their impacts to retirement plans
Strong organizational and project management skills with the ability to manage multiple tasks at any given time, while maintaining strong attention to detail, and meeting strict deadlines
Strong financial acumen and advanced analytical skills; must have the ability to understand complex financial analyses and be adept at problem solving
Strong interpersonal and communication skills; demonstrated ability to communicate effectively both verbally and in writing; must be able to present information in a clear and concise manner, maintain effective working relationships and interact with various levels within the organization
Must be self-directed, motivated and have high personal standards of excellence, commitment, integrity and confidentiality
Proficient in Microsoft Office Suite (Excel, PowerPoint and Word) as well as HR database platform software (SAP)
Have a keen understanding of the U.S. regulatory process at National Grid and support recovery of retirement related cost elements in rate filings with federal and state regulatory commissions by preparing responses to interrogatories and for cross-examination during evidentiary hearings – this includes the preparation of all support materials, anticipated questions from the regulators and various other interveners, testimony, exhibits and interrogatory responses, steering committee presentations, etc.
This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Internal candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.
National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.