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Position Summary
Plan Administrator for Retirement Plans and Welfare Benefits Plans. Manages all Department of Labor (DOL) audits and state audits related to SOA's compensation and benefit programs. Plan Fiduciary and member of SOA's Retirement Committee. Manages Payroll section.
Major Responsibilities
Plan Administrator: Retirement Plans and Welfare Benefits Plans includes both qualified and nonqualified (executive) plans. Duties are performed in accordance with the provisions of the many retirement plan and welfare benefit plan documents requiring sound judgment, initiative, and discretion. Responsibilities include plan management and budgeting; plan administration; design and interpretation; financial reporting; governmental reporting and disclosure; actuarial analysis and funding; development of policies and procedures; and negotiation of contracts for professional services.
Tax compliance of SOA's compensation, retirement, and benefit programs.
Financial reporting of salary and related costs - compensation and benefit program costs.
Manages all qualified and nonqualified retirement and welfare benefit plan trusts. Ensures regulatory compliance and proper documentation requirements are met for fulfilling internal fiduciary policies and procedures regarding discretionary actions and all other policies and guidelines. Ensures proper tax reporting and serves as fiduciary advisor to provide trust administration and planning. Balances the interests of Fidelity Management Company as Trustee, administers the trust in good faith in accordance with the terms and purposes of the trust instrument, while balancing the interests of the trust participants.
Develops tax and investment strategies. Researches impact of all related tax legislation and financial regulations as they relate to compensation, retirement, and benefit programs. Establishes domestic captive to reinsure certain benefits to gain tax advantages, as well as reducing plan costs, which offset participant costs. Works with Risk Management in utilizing Pleiades' onshore captive to reinsure coverage under the ERISA plans and executive programs.
Manages the payroll section of the Accounting Department. Ensures staff performs job accountabilities and attains section goals/objectives successfully.
Required Skills and Personal Qualifications
Proficient in retirement systems administration/management, and legislative process.
Proficient in computer applications as applied to payroll, finance, and pension systems administration.
Investments and cash management, asset allocation, and evaluation.
Finance, accounting, and budgeting.
Legal and procedural requirements regarding employee retirement programs including trust/custodian.
Demonstrates significant knowledge of trust administration and fiduciary requirements.
Actuarial funding and statistical methods.
Knowledge of corporate relocation and real estate transactions.
Education/Experience Requirements: 4-Year College Degree (BA, BS) and 8-10 years' of relevant experience
Work Environment
Hybrid Role: Remote work 2 days per week (After 90 Days Onboarding)
Travel Required: 5-15%
Compensation: The recruiting base salary range for this full-time position is $111500 - $160000 / year. Within the range, individual pay is determined by factors, including job-related skills, experience, and relevant education or training. (M2) In addition to competitive salary, Subaru offers an amazing benefits package that includes:
Medical, Dental, Vision Plans
Pension, Profit Sharing, and 401K Match Offerings
15 Vacation days, 9 Company Holidays, 5 Floating Holidays, and 5 Sick days
Tuition Reimbursement Program
Vehicle Discount Programs
Visit our careers landing page for additional information about our compensation and benefit programs!
