Pension Administrator jobs in North Carolina

Head of Pension Management - Global

As Pension Manager for the US, you will have the opportunity to partner with the business and function to proactively manage the financial assets and exposures within the respective areas of responsibility. Each day, you will be accountable for the overall asset and risk management of the defined benefit and defined contribution pension plans in the US. The role requires a deep expertise and focus on reporting, controls, and management of 401(k) plans, closed defined benefit pension programs, and non-qualified defined contribution plans. While preferred candidates would be able to work hybrid-remote in the Cary, NC office, the position would consider remote candidates in the US near another ABB office (#LI-Hybrid) - Act as a fiduciary and lead the pension investment committee in the US. Working with internal stakeholders and external advisers on constructing agenda, preparing and delivering presentation/report to senior management, and executing resulting action items. - Assisting in defining strategic objectives for the pension plans, leading asset liability modelling exercises in partnership with external advisers, implementing the agreed asset allocation strategy with external investment managers. - Ensuring that every pension plan has sufficient liquid cash to pay benefits to plan participants. - Ensuring the pensions plans are compliant with all legal and regulatory requirements. - Managing vendors and reviewing performance of all external advisers. Designing and implementing service improvement plans where required. This includes monitoring asset managers. - Monitoring external costs (MUSD 10 per annum) to identify options to reduce costs / increase efficiencies. Executing resulting initiatives. - Serving as expert adviser to senior management on finance related risks and opportunities associated with all pension plans in the USA. - Designing, implementing, and operating internal controls over financial reporting processes in partnership with other stakeholders. - Being pension expert to M&A activities, including due diligence, negotiations with buyers/sellers, providing input on Sale & Purchase agreements, etc.

• University degree in Finance / Business administration or similar.
• 10 years of experience working with pension plans in the United States. Experience as a Pension Manager in another corporate role (in an organization of similar size / pension fund of comparable amount) is an advantage.
• Demonstrated knowledge of legal and regulatory environment as it relates to US retirement programs. Knowledge on Canadian pensions is a plus.
• Understanding of capital markets and investment products
• Candidates must already have a work authorization that would permit them to work for ABB in the US.

ABB Finance is a trusted partner to the business and a world-class team who delivers forward-looking insights that drive sustainable long-term results and operates with the highest standards. We value people from different backgrounds. Apply today for your next career step within ABB and visit www.abb.com to learn about the impact of our solutions across the globe. #MyABBStory We look forward to receiving your application. If you want to discover more about ABB, take another look at our website www.abb.com. Equal Employment Opportunity and Affirmative Action at ABB ABB is an Equal Employment Opportunity (EEO) and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, creed, color, ancestry, religion, sex, national origin, citizen status, age, sexual orientation, gender identity, disability, marital status, family medical leave status, or protected veterans status. For more information regarding your (EEO) rights as an applicant, please visit the following websites: https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_ screen_reader_10_20.pdf https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_ English_ formattedESQA508c.pdf As an Equal Employment Opportunity and Affirmative Action Employer, applicants may request to review the Affirmative Action Plan of a particular ABB facility between the hours of 9:00 A.M. - 5:00 P.M. EST Monday through Friday by contacting an ABB HR Representative at 1-888-694-7762. Protected veterans and qualified individuals with a disability may request a reasonable accommodation if you are unable or limited in your ability to use or access ABB's career site as a result of your disability. You may request reasonable accommodations by calling an ABB HR Representative at 1-888-694-7762 or by sending an email to US-AskHR@abb.com. Resumes and applications will not be accepted in this manner. While base salary is determined by things such as the successful applicant's qualifications and experience, this position is expected to pay between $159,000 and $265,000 annually and is eligible for a short-term incentive plan/annual bonus. myBenefitsABB.com