Associate Manager, North America Retirement

Overview

The Associate Manager, North America Retirement supports the North America retirement agenda in the design, governance and financial optimization of defined benefit, defined contribution and retiree medical plans. The associate manager position will be responsible for developing strategy and design recommendations to influence internal stakeholders and maintain competitive positioning while supporting our U.S. business needs. The associate manager will also lead the U.S. Healthy Money (Pepsi Co’s Financial Wellbeing) program strategy to support our U.S. employees’ financial wellbeing, especially in driving better understanding and appreciation of our retirement benefits.

The role will work closely with Pepsi Co treasury, tax, control, legal and total rewards business partners across different U.S. business units to ensure design and governance compliance. For context, Pepsi Co has approx. $11Bn DB pension & retiree medical assets with 160,000 DB pension plan participants as well as approx. $15Bn DC assets with 130,000 DC plan participants in the U.S.

This is a hybrid role, with the preferred location being Purchase, NY but is open to our Chicago, IL and Plano, TX locations as well.

• Design and develop retirement programs to address competitive positioning, employee savings and retirement adequacy risks, company expense targets
• Lead design recommendation/implementation and de-risking initiatives in collaboration with key stakeholders (finance, actuaries and vendors)
• Partner with broader global benefits CoE and U.S. total rewards teams in analysis of internal and external retirement trends to identify key strategic and design opportunities
• Lead U.S. Healthy Money program to support our employees’ financial wellbeing
• Partner with the TR Communications CoE and U.S. Benefits Operations teams to develop benefit design communication and capability materials
• Monitor external trends and opportunities for continuous evolvement of future retirement and governance routines

• Work closely with the global benefits and total rewards communications CoEs, local relationship managers, benefits operations teams and internal stakeholders (e.g., treasury, tax, control and legal)
• Maintain relationships with external consultancies, industry groups and thought leaders to promote leading retirement practices, internally and externally

• The expected compensation range for this position is between $89,000 - $149,000
• Location, confirmed job-related skills, experience, and education will be considered in setting actual starting salary. Your recruiter can share more about the specific salary range during the hiring process
• Bonus based on performance and eligibility target payout is 10% of annual salary paid out annually
• Paid time off subject to eligibility, including paid parental leave, vacation, sick, and bereavement
• In addition to salary, Pepsi Co offers a comprehensive benefits package to support our employees and their families, subject to elections and eligibility:
  Medical, Dental, Vision, Disability, Health, and Dependent Care Reimbursement Accounts, Employee Assistance Program (EAP), Insurance (Accident, Group Legal, Life), Defined Contribution Retirement Plan.

• Bachelor's' Degree in actuarial science, statistics, math, finance or similar field required
• 6+ years of working experience
• Strong financial acumen, project management, vendor management and organization skills

• Prior actuarial experience with U.S. pension plans
• Solid foundation in U.S. DB and DC retirement plan design, funding, valuations and pension accounting
• Experience with U.S. Labor Unions
• Strong intellectual curiosity to monitor external trends and engage with industry groups and peer companies
• Demonstrated ability to articulate and influence strategy and gain alignment with key stakeholders
• Strong collaboration skills: ability to develop relationships, collaborate effectively with cross-functional teams on retirement programs
• Highly proficient in Microsoft Office suite, especially Excel

Our Company will consider for employment…