Description
Position Overview
We are seeking a strategic and experienced Senior Manager of Benefits to lead the design, implementation, and administration of our Defined Contribution (DC) and Defined Benefit (DB) retirement plans. This pivotal role requires a leader with deep expertise in retirement plan regulations, governance, and employee communications. Reporting to the Corporate Benefits Director, you will collaborate closely with internal stakeholders, external vendors, and legal advisors to ensure compliance, optimize plan performance, and deliver an exceptional retirement experience for our employees.
Qualified candidates for this role will have at least 7 years of progressive experience in benefits with specific responsibility with retirement programs, and at least 3 years of experience leading a team of direct reports, and a Bachelors or higher degree.
This position is required to be based out of our corporate offices in Reading, PA embedded with our Total Rewards team and other HR Leaders. Relocation assistance will be considered for qualified candidates.
Key Responsibilities
• Lead Administration and Governance: Oversee the end-to-end management of DC and DB retirement plans, ensuring full compliance with ERISA, IRS, DOL, and other relevant regulations.
• Strategic Plan Development: Develop and implement strategic initiatives to enhance plan design, increase participation, and optimize costs across a large, decentralized workforce.
• Cross-Functional Collaboration: Work with HR, Finance, and Legal teams to align retirement benefits with organizational goals and compensation strategies.
• Vendor and Partner Management: Manage relationships with actuaries, consultants, recordkeepers, legal counsel, and auditors to ensure accurate plan administration and compliance.
• Fiduciary Oversight: Provide fiduciary oversight, monitor plan performance, and coordinate audit and compliance activities.
• Market Analysis and Innovation: Analyze market trends, benchmark retirement offerings, and recommend innovative plan enhancements aligned with business goals.
• Employee Engagement: Drive communication and education programs to enhance employee understanding and engagement with retirement offerings.
• Team Development: Mentor and develop a team of benefits professionals supporting retirement plans.
• Other Projects: As assigned by Supervisor.
Qualifications:
• Bachelor's degree in Business, Finance, Human Resources, or related field; advanced degree or relevant certifications (e.g., CEBS, CFA, CPA) preferred.
• 7+ years of progressive experience in employee benefits, with responsibility for retirement plan administration and strategy.
• At least 3 years of previous experience leading a team of direct reports is required.
• In-depth knowledge of DC and DB plans, including plan design, regulatory compliance, fiduciary duties, and participant communications.
• Proven ability to manage complex projects and multiple stakeholders.
• Excellent communication, leadership, and analytical skills.
• Strong vendor management and contract negotiation experience.
• Familiarity with benefits technology platforms and reporting tools.
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening required.
Physical Requirements:
• The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
• The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
• While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
Penske is an Equal Opportunity Employer
About Penske Truck Leasing/Transportation Solutions
Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.
Job Category: Human Resources
Job Family: Human Resources
Address: 100 Gundy Drive
Primary Location: US-PA-Reading
Employer: Penske Truck Leasing Co., L.P.
Req ID: 2508010
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