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Supervisor- Retirement Income Benefits

Location: 

Detroit, MI, US

Company:  DTE Eng Corp Svcs LLC
Job ID:  4714

The future is bright at DTE Energy! We are one of the largest Fortune 500 diversified utilities in the United States with an aspiration to be the best-operated energy company in North America and a force for good in the communities we live and serve.  We have businesses in 26 different states and are comprised of regulated utility and non-utility businesses.  Our utility business provides electric and gas service to approximately 3 million customers.  Our non-utility businesses include a diversified portfolio of energy related companies, ranging from gas storage and pipelines to renewable power development.
 

DTE Energy’s utility and non-utility businesses are poised for significant growth. We look forward to working with highly motivated and team-oriented individuals to energize our efforts of growing economically and environmentally.
 

Recently, DTE Energy has been recognized as an outstanding place to work and has received the following accolades:

* Gallup Great Workplace Award for consecutive years
* Civic 50 Award for corporate citizenship excellence
* Indeed’s annual “50 Best Places to Work” award for two years running
* Metropolitan Detroit’s 101 Best and Brightest Companies to work For
* J.D. Power Customer Satisfaction Award
* Professional Women’s Magazine/Black EOE Journal “Best of the Best”
* Computerworld’s 100 Best Places to Work in IT
* Best Employers for a Healthy Lifestyle Gold Award
* Detroit Free Press Green Leaders Award

DTE Energy is an equal opportunity employer and considers all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, age, religion, disability, national origin, citizenship, height, weight, genetic information, marital status, pregnancy, protected veteran status or any other status protected by law.


Testing Required: Not Applicable

 

Job Summary
    Responsible for the oversight of the administration of all retirement income benefit plans: defined contribution (401(k)) and defined benefit (pension) plans, including vendor management and plan compliance. Span of control - Responsible for leading a small team of benefits professionals.
Key Accountabilities
  • Conducts bi-weekly, monthly, quarterly, semi-annual and annual audits of 401(k) processes based on existing schedule; supports internal and external annual audits.
  • Responsible for all activities to ensure plans are compliant with DOL & other governmental reporting requirements, including 5500 reporting/filing, Summary Annual Reports, Annual Funding Notice, Summary Plan Descriptions, etc.
  • Reviews Plan amendments/restatements.
  • Provides oversight on the creation and distribution of all retirement income benefit program communications.
  • Develops standard operating procedures to standardize and streamline processes by utilizing best practices for all retirement income administration duties.
  • Manages all retirement income administration projects.
  • Plans modifications of existing benefit programs, utilizing knowledge of laws concerning defined contribution and defined benefit plans and agreements with labor unions to ensure compliance with legal requirements.
  • Conducts research and analysis to aid in developing for plan design strategy and for labor negotiations
  • Applies a customer focused approach in establishing and maintaining productive internal and external client relationships
  • Employs continuous improvement to enhance processes and team synergy
  • Assists with Corporate wide initiatives as needed
  • Keeps abreast of current trends in utility industry and defined contribution and defined benefit plan administration
  • Participates in all discussions with consultants and third party administrators on matters regarding plan design.
  • Provides strong leadership coaching and advocate for employee development
  • Coordinates and present at education seminars on retirement education and planning, as well as financial wellness
  • Assists in the management and development of benefits staff.
Minimum Education & Experience Requirements
  • Bachelor's degree and at least 5 years of experience in defined benefit and defined contribution related positions, such as trust investments, benefits administration and benefit plan audits
Other Qualifications

Preferred

  • Administration, strategy, design, and compliance experience with defined contribution (401k) and defined benefit (pension) plans strongly desired
  • Direct employee leadership experience
  • Prior experience working with a unionized workforce

 

Other Requirements

  • Project management skills including but not limited to excellent planning, time management, decision making, presentation and organization skills.
  • Excellent verbal and written communication presentation skills, including written presentation content and presentation delivery
  • Analytical and problem solving skills consistent with the ability to identify key issues from abroad range of alternatives and recommend optimal solutions for various situations.
  • Flexibility and the ability to work with shifting priorities
  • Ability to analyze complex financial and benefit related data and develop optimal recommendations and solutions.
Additional Information

Incumbents may engage in all or some combination of the activities and accountabilities, and utilize a variety of the competencies cited in this description depending upon the organization and role to which they are assigned. This description is intended to describe the general nature and level of work performed by incumbents in this job. It is not intended as an all-inclusive list of accountabilities or responsibilities, nor is it intended to limit the rights of supervisors or management representatives to assign, direct and control the work of employees under their supervision.