Requisition Number: 2022-07-01560-0171-001
Job Title: Manager, Retirement & Pension
City: New York
Shift: Monday-Friday; 9:30 AM - 5:30 PM
Simpson Thacher & Bartlett LLP is one of the world’s leading international law firms. The Firm was established in 1884 and has more than 1,000 lawyers. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe. Cross-border finance, banking and bank regulation, mergers and acquisitions, securities issuance and regulation, project and asset based finance, real estate, asset management, joint ventures, taxation, litigation and dispute resolution are important aspects of the Firm’s practice.
The Manager of Retirement & Pension will manage the day-to-day operations and strategically partner with stakeholders to administer the Firm’s qualified retirement plans. Responsibilities include ensuring the plans are administered in compliance with all state and federal regulations (ERISA, DOL, IRS, COBRA, HIPAA, etc.) and in accordance with plan provisions.
In this highly visible role, the Manager will interact effectively with individuals at all levels of the organization, including active, terminated and retired employees, associates and Partners. Working closely with the CHRO, Director and Associate Director of Benefits, the Manager will design and implement benefit strategies that align with the Firm’s goals. The Manager of Retirement & Pension will report to the Associate Director of Benefits and will have direct reports.
Direct the implementation of administrative actions, process improvements, plan design changes and program enhancements as approved by senior management and/or the Investment & Pension Committee (“The Committee”)
Coordinate with plan actuaries and trustees in administration of contributions to, and payments from, retirement plans
Interface with the Benefit Plan auditors assuring timely execution of annual audits, issuance of annual reports, and government filings
Prepare and collaborate with ERISA counsel and investment managers on subscription documents and transacts investment directions
Partner with the Health & Wellness team to administer COBRA and retiree medical benefits
Ensure compliance with local, state and federal legislation related to benefits, including preparation of required notices, review of Form 5500s, PBGC filings, Annual Funding Notices, Summary Annual Reports (SARs) and non-discrimination and coverage tests
Oversee data integrity by monitoring and analyzing participation, transaction and service level data to ensure accuracy of contributions and pension calculations
Assess internal processes and provide recommendations to improve, streamline and enhance accuracy though establishing new methodologies goaled at continuous process improvement
Resolve and handle complex/escalated participant concerns, eligibility and transaction issues
Ability to make independent decisions in order to address issues, and use good judgement to escalate as appropriate
Manage and mentor staff; provide training and development, coaching, goal setting, and performance feedback
Provide guidance to staff and HR on benefit policy/provisions and strategic changes that impact plans
Prepare deliverables to leadership using relevant data and benchmarks
Stay abreast of latest law, trends and “best practices” in the industry
Performs other duties as assigned
4-6 years of related benefits experience in the design, administration and governance of health, welfare, retirement and savings plans
Strong analytical and project management skills
Strong financial acumen with demonstrated expertise and working knowledge in areas such as benefits accounting, actuarial methodology, investment management, trust administration and budget setting
Leadership and communication skills necessary to interact with professionalism at all levels
Knowledge of Microsoft Office Suite (Word, Excel, Powerpoint)
Simpson Thacher & Bartlett is committed to a collegial work environment in which all individuals are treated with respect and dignity. The Firm prohibits discrimination or harassment based upon race, color, religion, gender, age, national origin, citizenship status, disability, marital or partnership status, sexual orientation, protected veteran’s status or any other legally protected status. “Gender” includes actual or perceived sex, a person’s gender identity, self-image, appearance, behavior or expression, whether or not that gender identity, self-image, appearance, behavior or expression is different from that traditionally associated with the legal sex assigned to that person at birth. This Policy pertains to every aspect of an individual’s relationship with the Firm, including but not limited to recruitment, hiring, compensation, benefits, training and development, promotion, transfer, discipline, termination, and all other privileges, terms and conditions of employment.