Job Description

Title: RETIREMENT MANAGER
Company: Tampa Electric Company
State and City: Florida - Tampa
Shift: 8 Hr. X 5 Days

The Retirement Manager is responsible for the strategy and executing of the retirement plan design, interpretation, recommendation and implementation of the qualified and non-qualified retirement plans to include defined benefit and defined contribution plan. Ensures compliance with ERISA, IRS and DOL regulations. Works closely with the financial reporting and forecasting finance teams and is a working staff member of the Benefits Committee. Responsible for relationships with outside vendors including record keepers, administrators, actuaries, attorneys, consultants, trustees and other external professionals.

PRIMARY DUTIES AND RESPONSIBILITIES

1. Executes the strategy as defined by leadership, and is responsible for the administration, analysis, design and interpretation, recommendation and implementation of qualified retirement plans. Monitors and identifies trends in changing policies, legislation and the marketplace in the qualified retirement plan arena and develops strategies to address these issues. Ensures retirement benefits align with corporate goals and objectives, as well as meeting financial objectives.

2. Responsible for all operational aspects of the qualified retirement plans and supplemental executive retirement plans. Ensures the plans’ operations and documentation comply with applicable regulations.

3. Serve as the business owner for SOX controls related to the retirement plans and pension accounting.

4. Negotiates contracts for professional services through the RFP process. Ensures accuracy and integrity of employee records.

5. Leads projects such as implementation of new benefit plans, vendor transitions and retirement windows. Collaborates with HRIS and IT partners as needed for ERP systems updates. Provides sign off on year-end activities related to retirement contribution limits and other payroll elements that affect the retirement plans recordkeeping accuracy.

6. Prepares and reviews correspondence and presentations explaining the provisions of ERISA and IRS rules and regulations. Available as a resource to employees regarding retirement benefits.

7. Reviews financial reporting, as well as governmental reporting and disclosures; collaborates with Corporate Accounting on actuarial analysis and funding. Ensures accurate financial reporting and forecasting of payroll liabilities and tax reporting. Leads the data collection and associated documentation in preparation for the Form 5500 and other compliance work.

8. Leads the due diligence associated with the review of retirement plans as part of corporate merger and acquisition or divestiture activities. Responsible for planning and coordination of activities involved in merging qualified retirement plans. Acts as liaison, as needed, between TECO Energy service providers and prior plan service providers, reviews prior plan features with legal counsel, oversees transfer of data from prior plan, and handles various employee communications and problem resolution. (As needed)

9. Recommends and implements process improvements to ensure the highest level of efficiency and compliance. Continuously monitors the processes in place to ensure accuracy of administration vis a vis the plan documents.

10. Staff members on the Benefits Committee assist in the execution of requests for information or other matters from the committee. May present to the committee as needed as the subject matter expert.

QUALIFICATIONS

Education:

Required: Bachelor’s degree in Math, Finance, Accounting, Business Administration or related field required.

Certifications:

Preferred: S/PHR, Certified Employee Benefits Specialist (CEBS), Certified Benefits Professional (CBP) or related professional designation preferred, but not required.

Experience:

• Seven (7) years of analysis or financial management experience, retirement (defined benefits and defined contribution) administration management and three (3) years of managing relationships and contracts with 3rd party vendors, agencies and compliance related activities required.

Knowledge/Skills/Abilities:

• Demonstrated ability to analyze and interpret laws and regulations, to accumulate and analyze data, prepare comprehensive reports, speak and write effectively and work with minimal direction.

• Pension and postretirement benefit accounting (ASC 715) knowledge preferred but not required.

#LI-SC1

TECO offers a competitive Benefits package!!

Competitive Salary *401k Savings plan w/ company matching * Pension plan * Paid time off* Paid Holiday time * Medical, Prescription Drug, & Dental Coverage *Tuition Assistance Program * Employee Assistance Program * Wellness Programs * On-site Fitness Centers * Bonus Plan and more!

STORM DUTY REQUIREMENTS...Please make sure to read below!!! Responding to storms will be considered a condition of employment.

TECO Energy and its companies serve a role in providing critical services to our community during an emergency. Team members are required to participate in the response/recovery activities related to emergencies/disasters to maintain service to our TECO Energy customers. Team members are required to work in their normal job duties or other assigned activities. Proper compensation will be made in accordance with the company's rules and procedures.

TECO Energy is proud to be an Equal Opportunity Employer.

TECO Energy is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by law, except where physical or mental abilities are a bona fide occupational requirement and the individual is unable to perform the essential functions of the position with reasonable accommodations.

In order to provide equal employment and advancement opportunities for all individuals, employment decisions at TECO Energy will be based on skills, knowledge, qualifications and abilities.

Pay Transparency Non-Discrimination Statement

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

ADA policy

It is the policy of TECO Energy to provide reasonable accommodation for all qualified disabled individuals who are employees and applicants for employment, unless it would cause undue hardship. The corporation will adhere to applicable federal and state laws, regulations and guidelines, including, but not limited to the Americans with Disabilities Act (ADA) of 1990 and section 503 and 504 of the Rehabilitation Act of 1970s.

Application accommodations

Applicants may request reasonable accommodation in the application process five business days prior to the time accommodation is needed.

Pre-employment physical exams may be required for positions with bona fide job-related physical requirements regardless of disability.