Benefits Consultant, US Retirement Programs
Benefits Consultant, US Retirement Programs
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Job Description
Be an essential element to a brighter future.
We work together to transform essential resources into critical ingredients for mobility energy connectivity and health. Join our values-led organization committed to building a more resilient world with people and planet in mind. Our core values are the foundation that make us successful for ourselves our customers and the planet.
Job Description
Position Overview
The Benefits Consultant US Retirement Programs serves as the primary subject matter expert (SME) for U.S. retirement programs including qualified and nonqualified plans and executive deferred compensation. This role leads the operational delivery of these programs ensuring accuracy compliance efficiency and an exceptional employee experience.
Operating as a thought partner to the Director of Retirement & Compensation in the COE this role plays a critical part in assessing shaping and transforming how retirement programs are delivered. The Benefits Consultant will evaluate current processes identify and implement improvements and ensure vendor partnerships and internal workflows are optimized for scale and service excellence.
As the role of the knowledge worker evolves with advances in AI and automation this position requires skills that complement and enhance technology-enabled delivery including complex problem-solving vendor and stakeholder management process transformation and the handling of unique or sensitive cases.
In addition to retirement program delivery approximately 2530% of the role will be dedicated to cross-functional Total Rewards support which includes both project work and operational delivery assistance for other TR sub-functions as needed.
Key Responsibilities
Retirement Program Leadership (Primary Focus 70%)
- Serve as the primary SME and lead operational owner for the administration of U.S. qualified and nonqualified retirement plans and executive deferred compensation programs.
- Partner closely with the Director of Retirement & Compensation (COE) to align delivery execution with overall program strategy.
- Lead the strategic assessment and continuous improvement of retirement program delivery including workflows systems and vendor performance.
- Serve as the primary day-to-day contact for retirement program vendors holding them accountable for service delivery compliance and employee experience. Partner with the COE to align on vendor strategy while driving operational improvements resolving escalations and identifying opportunities to enhance quality efficiency and cost-effectiveness.
- Lead annual compliance activities including plan audits nondiscrimination testing Form 5500 filings and other regulatory requirements.
- Partner with Payroll Legal and Finance to ensure accurate and compliant contributions deductions funding and financial reporting.
- Maintain and enforce adherence to Sarbanes-Oxley (SOX) and other governance controls.
- Respond to and resolve complex retirement-related inquiries from employees and retirees providing accurate guidance and ensuring a high-quality service experience with a lens on leveraging self-service for enablement.
Total Rewards Cross-Functional Support (2530%)
- Provide expertise and support for cross-functional Total Rewards initiatives which may include process optimization projects technology enhancements and benefit program improvements.
- Assist with partial delivery of other Total Rewards sub-functions as needed to deliver a consistent employee experience for Benefits while helping manage workload during peak periods or resource constraints.
- Collaborate with peers in Compensation Health & Benefits Leave of Absence and Equity Administration to ensure consistent high-quality service delivery.
- Contribute to project management reporting and analysis for TR-wide initiatives.
Transformation & Process Optimization
- Evaluate current retirement delivery processes identify inefficiencies and implement scalable employee-centric technology powered improvements leveraging AI to drive innovation.
- Lead process mapping documentation and standardization efforts to ensure operational consistency while seeking opportunities to leverage automation and digitization.
- Partner with HRIS Payroll vendors and cross-functional stakeholders to optimize system integrations data accuracy and RCCA issue resolution.
- Drive retirement delivery transformation initiatives aligned with the organizations HR transformation strategy.
Other duties as assigned
Education & Experience
- Bachelors degree in Business Human Resources Finance or related field required.
- 8 years of experience in retirement program administration (401(k) pension deferred compensation) including leadership of process improvement initiatives.
- Strong understanding of ERISA IRS and DOL regulations governing retirement programs.
- Experience in vendor management including performance monitoring and issue escalation.
- Proven track record of leading operational transformation projects within HR or Total Rewards.
- Advanced proficiency in Excel including the ability to perform complex data analysis use advanced formulas create pivot tables and produce clear data visualizations.
- Familiarity with HRIS systems (Workday preferred) and retirement vendor platforms (e.g. Merrill Lynch ADP).
Skills & Competencies
- Deep subject matter expertise in U.S. retirement program administration.
- Strong analytical mathematical and problem-solving skills.
- High proficiency in Excel and other data analysis tools; able to create interpret and present complex reports and analyses.
- Excellent written and verbal communication skills; able to convey complex topics clearly to varied audiences.
- Demonstrated ability to manage multiple priorities and deadlines in a fast-paced environment.
- Proven skill in building strong collaborative relationships across functions and with external partners.
- Process-oriented mindset with a focus on operational excellence and continuous improvement.
- Employee-centric approach to service delivery with a commitment to enhancing the employee experience. #LI-JH3
Benefits of Joining Albemarle
Competitive compensation
Comprehensive benefits package
A diverse array of resources to support you professionally and personally.
We are partners to one another in pioneering new ways to be better for ourselves our teams and our communities. When you join Albemarle you become our most essential element and you can anticipate competitive compensation a comprehensive benefits package and resources that foster your well-being and fuel your personal growth. Help us shape the future build with purpose and grow together.
Required Experience:
Contract
Employment Type
Full-Time
