Manager Retirement Benefits

Title: Manager Retirement Benefits

               

Location: Statewide Multi Use, ID

               

About Lamb Weston

We love making fries almost as much as you like eating them! Since the 1950’s, Lamb Weston has inspired customers with food they love, trust, and share with families and friends. As a leading global manufacturer of quality frozen potato products with over 10,000+ team members around the world, it’s our business to see the possibilities in potatoes and people.

We are looking for team members with an appetite for a challenge! People who are hungry to join a winning team and help us make a difference in the world. When you join Lamb Weston, you join a community with a strong support network and training programs designed to nurture, inspire, and help you grow.

We are driven by a relentless pursuit of results and by people who think creatively and embrace our values of: Integrity, Teamwork, Inclusion, Drive for Results, and Empowerment. Exactly what you’d expect from the most inventive potato company in the world!

Join Lamb Weston! We bring the world together with our fries.

Job Description Summary

               

This role will research, analyze, design and manage effective financial and retirement benefit plans and programs that support the Lamb Weston business strategy and are in alignment with its culture. This position leads the planning, developing, and designing of global company benefit programs, including financial services, retirement programs, e.g., 401k (two plans), Non-Qualified Deferred Compensation Plan (two plans), Non-Qualified Pension Plan (frozen), Qualified Pension Plan (frozen), Retiree Medical Plan (frozen) as well as time off and flexibility benefits. This position will interface with vendors and key clients internally and externally, create client deliverables, and ensure quality standards are met. This position also supports U.S. leave policies and practices.

Job Description

•  Leads the Financial, Retirement and Leave Policies ensuring alignment with Lamb Weston culture and strategy. Works with third-party benefit solution providers to deliver benefits that ensure Lamb Weston's competitive advantage. 
• Works closely with the Sr. Director Total Rewards to evaluate, review, and recommend selection of  vendors, establish and monitor performance and metrics for vendors to deliver world class service and benefit programs. 
• Leads the development and delivery of materials for the Employee Benefits Investment Committee (EBIC) to ensure fiduciary obligations are met.
• Analyzes, manages and ensures the timely and accurate remittance of employee and employer funds to the appropriate financial institutions. 
• Partners with Communications  to develop periodic communications for employees regarding their financial and retirement benefits ensuring understanding of the costs and value of their plans.
• Uses internal or external actuary and financial resources to ensure retirement plans are adhering to fiduciary requirements. 
• Partners with the HR Shared Services leadership to ensure delivery of programs is as designed and ensures an excellent experience for Lamb Weston team members.
• Ensures company compliance with federal country and state laws governing specified benefit practices.
• Assists in benefit cost reporting and analysis as required.

Basic & Preferred Qualifications

• 5-7 years of financial and retirement benefits experience at a mid-size to large public company.
• Demonstrated ability to deliver within tight timelines, comfortable dealing with ambiguity, and ability to de-escalate issues leading to resolution.
• Experience working with financial services partners and third party benefits administration providers.
• Excellent program and vendor management skills, leading large company-wide benefits programs.
• Attention to detail and demonstrated ability to draw meaningful conclusions and action plans based on quantitative and qualitative data.  
• Experience in retirement and leave benefit related laws and regulations, including but not limited to ERISA and Secure Act 2.0.
• Ability to communicate (verbal & written) complex programs to current and potential program participants of all levels.
• Proficiency in MS Office

Industry-Competitive Benefits

Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive.  Some of the most attractive elements of our benefit programs include:

• Health Insurance Benefits - Medical, Dental, Vision

• Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts

• Well-being programs including companywide events and a wellness incentive program

• Paid Time Off

• Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance

• Family-Friendly Employee events

• Employee Assistance Program services – mental health and other concierge type services

Benefits may vary based on location, job role/level, job status, and/or the terms of any applicable collective bargaining agreements.

               

Job Requisition ID: Req-255677

               

Time Type: Full time

               

Anticipated Close Date: 11/16/2024

               

In compliance with applicable state and local laws, Lamb Weston has opted to include a reasonable estimate of the compensation for this role. This compensation is specific to this position and takes into account a number of variables. Actual compensation may be higher or lower in the range posted based on various factors, including, but not limited to, job duties, experience and expertise. A candidate’s work location could also impact the actual compensation being outside of the range to reflect local cost of labor. A reasonable annual estimate of the range for this role based on the variables previously mentioned is: $110,610.00 - $165,920.00

               

Lamb Weston is an Equal Opportunity Employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status or any other protected factor under federal, state or local law

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