Vice President of Human Resources
Acuity
Senior Vice President, Retirement & Allowances
Citi
full-time
Posted on:
Origin: • 🇮🇳 India
Visit company websiteJob Level
Senior
About the role
- Management and oversight of the 53 retirement programs across 16 different countries that Citi sponsors in JANA and Asia South clusters
- Manage a team of Benefits professionals to accomplish established goals
- Ensure local country compliance with Citi’s Retirement Plan Guidelines, local laws and regulations, as well as Citi’s Benefits Guiding Principles and Philosophy
- Coordinate contributions into plans, potential settlement impacts, and US GAAP implications of various pension actions
- Review strategy of each plan in region and implement changes as needed
- Coordinate with local country business/management team to ensure proper administration of each retirement program
- Support Director of Retirement & Allowances on governance or strategic initiatives including allowances projects and retirement plans management
- Act as pensions subject matter expert and liaise with HR, Risk, Compliance, Finance, Legal, Payroll, IT and other specialists
- Prepare materials, minutes and present papers/updates to East Retirement Council and Retirement Plan Sponsor Council global meetings
- Oversee third-party administrator and outsourced vendors; ensure SLAs and Third-Party policy requirements are met
- Review escalated data, contribution and other administrative issues and review communication materials
- Support and manage budgets and vendor invoices as appropriate
Requirements
- 10 + years of technical and/or strategic Pensions/Benefits Experience
- Expert understanding of Defined Benefit, Defined Contribution, Provident Fund, Superannuation Fund and Termination Indemnity plan structures
- Understand pensions fiduciary trustee role and difference with plan sponsor role
- Actuarial background a plus
- Broad understanding of HR practices in general and pension and benefits provisions in particular
- Strong people management skills with experience in leading diverse teams
- Experience dealing with corporate processes, payroll, budgets, and invoice management
- Experience dealing with a wide range of internal and external third parties
- Experience presenting technical pensions information to non-technical audiences
- English language required
