RETIREMENT MANAGER

Retirement Manager

Join Tampa Electric and build a rewarding career with competitive pay, comprehensive benefits and a culture that supports your growth. Your potential finds its purpose at Tampa Electric. We proudly deliver 99.98% electric service reliability to nearly 860,000 customers across 2,000 square miles of Hillsborough County and parts of Polk, Pasco and Pinellas counties. Through innovation and strategic investments, we're creating a cleaner, brighter energy futurewhile delivering exceptional service every step of the way. We reflect the communities we serve and foster a workplace where every employee feels welcomed, valued and engaged. Join our team of energy experts and help shape the future of power.

The Retirement Manager is responsible for the strategy and executing of the retirement plan design, interpretation, recommendation and implementation of the qualified and non-qualified retirement plans to include defined benefit and defined contribution plan. Ensures compliance with ERISA, IRS and DOL regulations. Works closely with the financial reporting and forecasting finance teams and is a working staff member of the Benefits Committee. Responsible for relationships with outside vendors including record keepers, administrators, actuaries, attorneys, consultants, trustees and other external professionals.

Primary duties and responsibilities include:

• Executing the strategy as defined by leadership, and is responsible for the administration, analysis, design and interpretation, recommendation and implementation of qualified retirement plans.
• Monitoring and identifying trends in changing policies, legislation and the marketplace in the qualified retirement plan arena and developing strategies to address these issues.
• Ensuring retirement benefits align with corporate goals and objectives, as well as meeting financial objectives.
• Responsible for all operational aspects of the qualified retirement plans and supplemental executive retirement plans.
• Ensuring the plans' operations and documentation comply with applicable regulations.
• Serving as the business owner for SOX controls related to the retirement plans and pension accounting.
• Negotiating contracts for professional services through the RFP process.
• Ensuring accuracy and integrity of employee records.
• Leading projects such as implementation of new benefit plans, vendor transitions and retirement windows.
• Collaborating with HRIS and IT partners as needed for ERP systems updates.
• Providing sign off on year-end activities related to retirement contribution limits and other payroll elements that affect the retirement plans recordkeeping accuracy.
• Preparing and reviewing correspondence and presentations explaining the provisions of ERISA and IRS rules and regulations.
• Available as a resource to employees regarding retirement benefits.
• Reviewing financial reporting, as well as governmental reporting and disclosures; collaborating with Corporate Accounting on actuarial analysis and funding.
• Ensuring accurate financial reporting and forecasting of payroll liabilities and tax reporting.
• Leading the data collection and associated documentation in preparation for the Form 5500 and other compliance work.
• Leading the due diligence associated with the review of retirement plans as part of corporate merger and acquisition or divestiture activities.
• Responsible for planning and coordination of activities involved in merging qualified retirement plans.
• Acting as liaison, as needed, between TECO Energy service providers and prior plan service providers, reviews prior plan features with legal counsel, oversees transfer of data from prior plan, and handles various employee communications and problem resolution.
• Recommending and implementing process improvements to ensure the highest level of efficiency and compliance.
• Continuously monitoring the processes in place to ensure accuracy of administration vis a vis the plan documents.
• Staff members on the Benefits Committee assist in the execution of requests for information or other matters from the committee.
• May present to the committee as needed as the subject matter expert.

Qualifications:

• Education: Bachelor's degree in Math, Finance, Accounting, Business Administration or related field required.
• Certifications: Preferred: S/PHR, Certified Employee Benefits Specialist (CEBS), Certified Benefits Professional (CBP) or related professional designation preferred, but not required.
• Experience: Seven (7) years of analysis or financial management experience, retirement (defined benefits and defined contribution) administration management and three (3) years of managing relationships and contracts with 3rd party vendors, agencies and compliance related activities required.
• Knowledge/Skills/Abilities: Demonstrated ability to analyze and interpret laws and regulations, to accumulate and analyze data, prepare comprehensive reports, speak and write effectively and work with minimal direction. Pension and postretirement benefit accounting (ASC 715) knowledge preferred but not required.

TECO offers a competitive benefits package!! Competitive salary, 401k savings plan w/ company matching, pension plan, paid time off, paid holiday time, medical, prescription drug, & dental coverage, tuition assistance program, employee assistance program, wellness programs, on-site fitness centers, bonus plan and more!