Description
Shape Your World
At Alcoa, you will become an essential part of our purpose: to turn raw potential into real progress. The way we see it, every Alcoan is a work-shaper, team-shaper, idea-shaper, world-shaper.
At Alcoa, you're an essential part of our purpose: to turn raw potential into real progress. This is an opportunity for you to bring your wealth of experience to the team and help shape the future of sustainability with world-changing innovations and low-carbon technologies. You have the power to shape things to make them better.
About the role:
The Leader – Retirement Plan Administration (DC/DB) is a professional lead position that performs technical work in connection with the Alcoa Pension (DB) Plans and Alcoa Savings (DC) Plans by working closely with our vendor to implement ever-changing statutes, regulations, and policies for retirement participants and beneficiaries. The incumbent will be assigned responsibilities involving senior-level work related to project support for the Pension and 401k Administration Systems and will work regularly with our Retirement Plan Administration vendor, auditor and internal stakeholders including, but not limited to: Legal, Tax, Plan Design, Finance, Benefits Accounting and HR. The incumbent's responsibilities will also include assisting/leading with the annual audit, de-risking activities (annuity purchases) and other complex retirement benefits service issues. This role will drive initiatives to improve process, standardize delivery, and ensure best-in-class experience.
- Manage the day-to-day Retirement Plan (DC/DB) processes for Alcoa Corporation as administered by Alight Solutions and other vendors to ensure timely and accurate delivery of all Retirement Plan products to all retirement plan employees, retirees and their beneficiaries.
- Partner with internal stakeholders to ensure organization goals are being met. Internal stakeholders include, but are not limited to, Compensation & Benefits Team, Legal, Tax, Finance, Benefits Accounting, Communications, Industrial Relations, and HR Partners at multiple locations.
- Manage plan design changes, regulatory changes and union contract changes as they relate to Alcoa's Retirement Plan administration, and ensure all changes are implemented by Alcoa's vendors.
- Regular monitoring of vendor Service Level Agreements (SLA's).
- Ensure all retirement plan vendor services are invoiced accurately and paid timely.
- Coordinate and manage the annual independent audit of Qualified Pension Plans, while being responsible for audit control requirements and testing as outlined by Alcoa Audit.
- Manage the process of all divested and acquired companies with Alcoa's Mergers, Divestitures & Acquisition Team, ensuring the timely and accurate transition/integration of benefits.
- Develop strategies for various initiatives and process improvements that lead to real cost savings and maximum value.
- Be the single point of accountability for the business processes in area(s) of Alcoa Corporation's Retirement Plan Administration while also providing subject matter expertise in the processes and systems for Alcoa Corporation's Retirement Plan Administration.
- Establish and maintain a high level of customer interaction and focus in order to identify improvement opportunities and recommend solutions to solve business issues.
What you can bring to this role:
- Bachelor's Degree
- Demonstrated experience in retirement plan administration with a working knowledge of both Defined Contribution and Defined Benefits Plans.
- Strong understanding of qualified plan rules and regulations.
- Excellent Microsoft Excel, Word and Outlook knowledge a must.
- Strong analytical and problem-solving skills.
- Strong verbal, written and listening communication skills.
- Qualified Pension Administration (QPA) designation from the American Society of Pension Actuaries (ASPA) a plus.
- Working knowledge and past administration experience with non-qualified pension and deferred compensation plans is a plus.
What we offer:
- Competitive compensation packages, including pay-for performance variable pay, recognition and rewards programs, and stock-based compensation awards (3-year vesting schedule).
- Flexible spending accounts and generous employer contribution to the HAS.
- 401(k), employer match up to 6%, additional employer retirement income contribution (no vesting period), and a nonqualified deferred compensation plan.
- Holiday Pay: 11 holidays and one flexible holiday of your choice.
- 4 hours of Paid annual volunteer hours.
- Alcoa has been chosen as one of America's Greatest Workplaces 2023 by Newsweek.
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About the Location
Working at the Pittsburgh Alcoa Corporate Center, located on the thriving North Shore of Pittsburgh, allows employees to experience firsthand, whether working virtually or on-site or a hybrid of the two, what being a values-based company means. Through daily interactions with colleagues and exposure to some of the organization's highest-level executives, the office creates an environment in which all employees can develop and contribute to their full potential. Outside of the office, Pittsburgh itself is one of the country's most livable and affordable cities – combining the city feel with small town charm.
We are values led, vision driven and united by our purpose of transforming raw potential into real progress. Our commitments to Inclusion, Diversity & Equity include providing trusting workplaces that are safe, respectful and inclusive of all individuals, free from discrimination, bullying and harassment and that our workplaces reflect the diversity of the communities in which we operate.
As a proud equal opportunity workplace and affirmative action employer, Alcoa is dedicated to providing equal opportunities and equal access to all individuals regardless of a person's gender, age, race, ethnicity, sexual orientation, gender identity, religion, nation of origin, disability, veteran status, language spoken or any other characteristic or status protected by the laws or regulations in the places where we operate.
If you have visited our website in search of information on U.S. employment opportunities or to apply for a position, and you require an accommodation, please contact Alcoa Recruiting via email at gssrecruiting@alcoa.com.
This is a place where you are empowered to do your best work, be your authentic self, and feel a true sense of belonging. Come join us and shape your career!
Your work. Your world. Shape them for the better.
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