Siemens Pension Professional in Iselin, New Jersey
Locations:Iselin, New Jersey
Job Family: Finance
Division: Financial Services
Business Unit: Corporate Pensions
Requisition Number: 227338
Primary Location: United States-New Jersey-Iselin
Assignment Category: Full-time regular
Experience Level: Senior level
Education Required Level: Master's Degree
Travel Required: 15%
Siemens is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationally for more than 165 years. As a global technology company, Siemens is rigorously
leveraging the advantages that this setup provides. To tap business opportunities in both new and established markets, the Company is organized in eight Divisions: Power and Gas, Power Generation Services,
Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, and Financial Services. Our support functions are split into two organizations, Corporate Core and
Corporate Services. These organizations provide essential services to better enable responsible and profitable growth.
For more information, please visit: https://www.siemens.com/us/en/home/company/about/businesses.html
Primary Investment Officer responsible for investment activities for:
Investments and operations of Siemens US andPuerto Rico Defined Contribution Plans (Siemens Savings Plan or “SSP”)
Canadian benefit Plans investments
Equity related investment manager oversight
Facilitator of Merger & Acquisitions
For All Plans: Assess strategies and opportunities to enhance benefit plans’ investment performance, risk profile, reporting, and operations. Adhere to the Siemens Corporate Pension Policy.
For US/PR DC plans:
Oversee all operations related to theSSP including:·
Periodically review the SSP investment optionline-up and make recommendations for changes as warranted
Oversee implementation of SSP manager changes
Identify and manage all potential investmentrisks related to the operation of the DC plan.
Ensure liquidity portfolios for all SSP fundoptions are compliant with IC guidelines; direct rebalancing activities whennecessary
Oversee the production of the quarterly publicationof the Investment Option Fact Sheets.
Lead investment related participantcommunication for SSP investments in conjunction with HR and Legal Departmentsincluding participant queries, summary plan descriptions, enrollment materialsetc.
Oversee reporting and recommendations to the USInvestment Committee on all aspects of the SSP.
Acquisitions and divestiture activity:Participate in the activities of DC bound/exiting plan assets involved inacquisitions and divestitures.
Key internal Relationships: HR, Legal, Benefits,Accounting, Investment Committee, SFS PEN.
Key External Relationships: SSP Recordkeeper,trustee/custodian, investment managers, investment consultant.
For Canadian Plans:
·Monitor investment strategies for all benefitplan investments.
·Assess strategies and opportunities to enhanceplan performance, risk profile, and operations.
·Organize, prepare and present investment relatedtopics at the Canadian Pension Committee meetings.
·Implement all approved investment relatedactions.
·Direct the activities of the investmentconsultant for the Canadian plans.
·Primary interface with Canadian Plans’investment related vendors:Recommendand implement the hiring and termination of investment managers, trustees, andconsultants based on performance analysis, fees and meetings.
·Align with the Director of North AmericanBenefits Accounting to ensure proper accounting for all plan activities.
·Participate in acquisitions and divestureactivity involving inbound/outbound plan assets.
·Collaborate with Siemens Canada HR on benefitrelated projects as needed.
·Key Internal Relationships:: HR, Legal, BenefitsAccounting, Pension Committees.
·Key External Relationships: trustees/custodians,investment managers, actuaries
·Primary contact for US Plans’ Equity Managers.
·With the investment consultant, lead theprocesses of hiring, monitoring and terminating equity investment managers forDB and DC plans.
·Responsible for conducting or directingnegotiations for IMAs, guidelines and fees for equity manager mandates.
·Report on equity investment managers to theInvestment Committee, identify equity managers for additions to Watch List.
·Attend and document meetings and relatedactivity with US Plans’ equity investment managers.
·Identify and understand investment risks relatedto equity portfolios.
·Advise DB Plans’ Officer related to equitymanagers in the DB Plan.
Qualifications (includes education):
Minimum 15 years experience
Strong analytic skills
Strong network of plan sponsors and industryrelated contacts
Up to date on current trends in definedcontribution plan investment strategies
Deep knowledge of equity strategies andportfolios
Technical knowledge of the financial markets
Attention to detail
Very strong communications skills: verbal andwriting
Ability to lead and manage multi-facetedprojects
Facilitates others’ knowledge and aware ofissues
Knowledge of Canadian retirement plans is a plus
Willingness to travel
Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.
EEO is the Law
Applicants and employees are protected under Federal law from discrimination. To learn more, Click here at https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm .
Pay Transparency Non-Discrimination Provision
Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here at https://www.dol.gov/ofccp/pdf/pay-transp_formattedESQA508c.pdf .