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Supervisor- Retirement Income Benefits

Location: 

Detroit, MI, US

Company:  DTE Eng Corp Svcs LLC
Job ID:  7563

DTE is one of the nation’s largest diversified energy companies. Our electric and gas companies have fueled our customer’s homes and Michigan’s progress for more than a century. And as Michigan’s largest source of renewable energy, we’re creating a cleaner, healthier environment to power our future. We’re also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states.
 

But we’re more than a leading energy company... and working at DTE is more than just a job. At DTE, we take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities.  When you join us, you’ll be part of a team that welcomes, recognizes, and celebrates differences and values everyone’s health, safety, and wellbeing.  Are you ready to make that kind of difference? Bring your energy to DTE. Together, we can achieve great things.
 

Testing Required:

 

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

  • Degree concentration in Business Administration or Human Resources
  • 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.


At DTE Energy, we are committed to providing an inclusive workplace where everyone feels welcome and a sense of belonging. We seek individuals with a heart for service, a passion to help our communities prosper, and ideas to help shape the future of energy. We are proud to be an equal opportunity employer that 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.


Nearest Major Market: Detroit