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US Wellbeing Benefits Manager - Retirement Plans

Location Gaithersburg, Maryland, United States Job ID R-204620 Date posted 09/07/2024

US Wellbeing Benefits Manager - Retirement Plans

Location: Gaithersburg, MD

Introduction to role

Are you ready to unleash your entrepreneurial spirit and make a significant impact on the lives of our employees? We are seeking a US Wellbeing Benefits Manager – Retirement Plans based in Gaithersburg, Maryland. This role focuses primarily on US-based retirement plans, working with colleagues and outside service providers to ensure our retirement benefits strategy and execution reflect the needs of AstraZeneca and our employees. You will also contribute to or lead benefits projects in the US health and welfare space.

Accountabilities

As the US Wellbeing Benefits Manager – Retirement Plans, you will develop and manage key benefit plans including 401(k) and non-qualified deferred compensation plans. You will serve as the subject matter expert on the retirement plans’ provisions and operations, ensuring efficient administration in accordance with legal requirements. You will manage plan documents and provider contracts, monitor plan cost, design & participation, oversee compliance matters, and drive communication/education strategy of the retirement plans. You will also coach teammates on retirement plan administration and contribute to or lead benefit projects in the US health and welfare space.

Duties and Responsibilities also include:

  • Develop and manage 401(k) and non-qualified deferred compensation plans.
  • Ensure the 401(k) plans and non-qualified deferred compensation plans are administered efficiently externally and internally, and in accordance with the plan documents and legal requirements.
  • Manage plan documents and provider contracts pertaining to the 401(k) and non-qualified plans.
  • Work closely with internal resources on the implementation of 401(k) design changes in Workday and lead the corresponding UAT.
  • Monitor plan cost, design, & participation and ensure competitiveness within the industry.
  • Oversee and coordinate all required compliance matters such as reporting and disclosures.
  • Act as expert resource on plan administration, M&A diligence and integration, and plan functionality within Workday.
  • Drive communication and education strategy of retirement plans and write/edit communications.
  • Ensure program practices are consistent with organizational objectives.
  • Manage relationships with providers.
  • Coach teammates on retirement plan administration.
  • Contribute to or lead benefit projects pertaining to the US health and welfare space.

Essential Skills/Experience:

  • Bachelor’s degree preferably in finance or a related field
  • 7 or more years of proven experience with employee benefits including at least 4 years managing a large 401(k) plan
  • Experience testing and implementing 401(k) changes in an HRIS
  • In-depth knowledge of processes, procedures, and legal requirements pertaining to 401(k) plans, and non-qualified deferred compensation plans
  • Ability to push through process improvements and efficiencies using AI or other means
  • Strong people skills including collaboration, coaching and influencing 
  • Experience managing cross-functional benefit plan projects
  • Experience working in a public U.S. corporation
  • Experience managing benefits related to merger and acquisition activities
  • Ability to think, plan, communicate, collaborate and manage effectively in a fast-paced, globally serviced environment
  • High level of proficiency in Excel, Power Point, and Word

Desired Skills/Experience:

  • CEBS certification
  • Experience designing or administering health and welfare benefit plans
  • Proficiency in Workday
  • Advanced user of Excel

When we put unexpected teams in the same room, we unleash bold thinking with the power to inspire life-changing medicines. In-person working gives us the platform we need to connect, work at pace and challenge perceptions. That's why we work, on average, a minimum of three days per week from our Gaithersburg office. But that doesn't mean we're not flexible. We balance the expectation of being in the office while respecting individual flexibility. Join us in our unique and ambitious world.

At AstraZeneca, we are more than just a global pharmaceutical company - we are an innovative business that pushes the boundaries of science. We believe in rewarding those who do rewarding work. Our dedicated global team is powering AstraZeneca to better serve patients every day. We offer our expertise, leverage exciting new technology and digital innovations, to accelerate AstraZeneca's evolution. We are restless improvers who always want to stretch and grow. We thrive in our fast-paced and dynamic environment. We are impactful, digitally savvy innovators who unite together as one to simultaneously support and push each other forward.

Are you ready to join a company where you can make an extraordinary impact every day? Apply now to be part of our journey!

AstraZeneca embraces diversity and equality of opportunity. We are committed to building an inclusive and diverse team representing all backgrounds, with as wide a range of perspectives as possible, and harnessing industry-leading skills. We believe that the more inclusive we are, the better our work will be. We welcome and consider applications to join our team from all qualified candidates, regardless of their characteristics. We comply with all applicable laws and regulations on non-discrimination in employment (and recruitment), as well as work authorization and employment eligibility verification requirements.

10000346 E HRBE

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Glassdoor logo Rated four stars on Glassdoor

Great culture, great work assignments, supportive management. Rotation opportunity within the company. They value inclusion and diversity.