• Pension/Regulatory Manager

    Location US-IL-Lisle
    Job ID
    2018-32596
    # of Positions
    1
    Internal Title
    Pension/RegulatryConsultant Sr
    Position Type
    Regular Full Time Employee
    Category
    Human Resources - HR
    Travel
    Less Than 10%
    Relocation Offered
    No
  • Overview

    The  Pension/Regulatory Manager has responsibility for:  

     

    • Contribute to overall strategy, direction and execution of retirement income plans
    • Keep abreast of regulatory and legal changes to the retirement benefits in North America and advise management of emerging trends and best practices
    • Assist in the design, compliance and administration of retirement income program for US
    • Assist in the design of strategically focused retirement income programs for executives including non-qualified deferred compensation plans, excess benefit plans, and supplemental executive retirement plans
    • Monitor the cost effectiveness of the existing plans and recommend required revisions to meet strategic benefit objectives
      • Ensure plans meet their required funding objectives
    • Review and evaluate the ERISA cash funding reports and the related reports sent to the union.
    • Participate in Joint UAW/Navistar Joint Pension Board.  Evaluate financial, legal and tax implications of various business strategies such as , M&A's, Sales, plant shutdowns, etc
    • Support labor union negotiations regarding retirement income proposals and financial analysis.
    • Work with outside partners.

    Position Purpose and Requirements

    Responsible for the design, compliance and development of Navistar’s retirement income programs including defined benefit pension plans, defined contribution 401(k) plans and non-qualified deferred compensation plans. Contributes to the overall strategy, direction and execution of retirement income plans. Assists in the design of strategically focused retirement income programs for executives. Evaluates financial, legal and tax implications for M&A’s, location closures, etc. Supports labor union negotiations. Selects, develops, and evaluates personnel to ensure the efficient operation of the function. 

     

     

    Basic Requirements:

    • Bachelor’s degree and at least 8 years of pension design and benefit administration experience, including 1 year of lead experience

    OR

    • Master’s degree and at least 6 years of pension design and benefit administration experience, including 1 year of lead experience

    OR

    • At least 10 years of pension design and benefit administration experience, including 1 year of lead experience 

    Additional Requirements

    • Qualified candidates, excluding current Navistar employees, must be legally authorized on an unrestricted basis (US Citizen, Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. Navistar does not anticipate providing employment related work sponsorship for this position (e.g., H-1B status
    • Must work well independently with a high level of responsibility and navigate effectively in matrix environments
    • Ability to partner and influence at the most senior level within company
    • Understands the “why” of benefit design not just the “what”
    • Working knowledge of ERISA
    • Must be experienced in reading and interpreting plan documents
    • Comfortable with determining benefit eligibility without making exceptions
    • Able to balance participant advocacy with business realities
    • Proficient at managing third party administrations and consultants
    • Proven ability to build strong, collaborative working relationships with colleagues and internal customers
    • Excellent verbal and written communication skills

    Desired Skills:

    • Knowledge of Actuarial valuation and commutations
    • Knowledge of PBGC Reportable Events
    • Knowledge of SEC Proxy Disclosure Rules
    • Knowledge of Cost Accounting Standards

    Competencies:

    • Problem Solving
    • Decision Quality
    • Dealing with Ambiguity
    • Positive Attitude

    Compliance/Marketing Requirements

    Visit us at www.Navistar.com to discover more about our organization

     

    It's Uptime at International

     

    Navistar is an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

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