Overview

The Associate Manager, North America Retirement supports the North America retirement agenda in the design, governance and financial optimization of defined benefit, defined contribution and retiree medical plans. The associate manager position will be responsible for developing strategy and design recommendations to influence internal stakeholders and maintain competitive positioning while supporting our U.S. business needs. The associate manager will also lead the U.S. Healthy Money (PepsiCo's Financial Wellbeing) program strategy to support our U.S. employees' financial wellbeing, especially in driving better understanding and appreciation of our retirement benefits. The role will work closely with PepsiCo treasury, tax, control, legal and total rewards business partners across different U.S. business units to ensure design and governance compliance. For context, PepsiCo has approx. $11Bn DB pension & retiree medical assets with 160,000 DB pension plan participants as well as approx. $15Bn DC assets with 130,000 DC plan participants in the U.S.

This is a hybrid role, with the preferred location being Purchase, NY but is open to our Chicago, IL and Plano, TX locations as well.

Responsibilities

Design and develop retirement programs to address competitive positioning, employee savings and retirement adequacy risks, company expense targets
Lead design recommendation/implementation and de-risking initiatives in collaboration with key stakeholders (finance, actuaries and vendors)
Partner with broader global benefits CoE and U.S. total rewards teams in analysis of internal and external retirement trends to identify key strategic and design opportunities
Lead U.S. Healthy Money program to support our employees' financial wellbeing
Partner with the TR Communications CoE and U.S. Benefits Operations teams to develop benefit design communication and capability materials
Monitor external trends and opportunities for continuous evolvement of future retirement and governance routines

Key Relationships

Work closely with the global benefits and total rewards communications CoEs, local relationship managers, benefits operations teams and internal stakeholders (e.g., treasury, tax, control and legal)
Maintain relationships with external consultancies, industry groups and thought leaders to promote leading retirement practices, internally and externally

Compensation and Benefits:

The expected compensation range for this position is between $89,000 - $149,000
Location, confirmed job-related skills, experience, and education will be considered in setting actual starting salary. Your recruiter can share more about the specific salary range during the hiring process
Bonus based on performance and eligibility target payout is 10% of annual salary paid out annually
Paid time off subject to eligibility, including paid parental leave, vacation, sick, and bereavement
In addition to salary, PepsiCo offers a comprehensive benefits package to support our employees and their families, subject to elections and eligibility: Medical, Dental, Vision, Disability, Health, and Dependent Care Reimbursement Accounts, Employee Assistance Program (EAP), Insurance (Accident, Group Legal, Life), Defined Contribution Retirement Plan.

Qualifications

Minimum Qualifications:

Bachelor's' Degree in actuarial science, statistics, math, finance or similar field required
6+ years of working experience
Strong financial acumen, project management, vendor management and organization skills

Preferred Qualifications:

Prior actuarial experience with U.S. pension plans
Solid foundation in U.S. DB and DC retirement plan design, funding, valuations and pension accounting
Experience with U.S. Labor Unions
Strong intellectual curiosity to monitor external trends and engage with industry groups and peer companies
Demonstrated ability to articulate and influence strategy and gain alignment with key stakeholders
Strong collaboration skills: ability to develop relationships, collaborate effectively with cross-functional teams on retirement programs
Highly proficient in Microsoft Office suite, especially Excel

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Our Company will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Credit Reporting Act, and all other applicable laws, including but not limited to, San Francisco Police Code Sections 4901-4919, commonly referred to as the San Francisco Fair Chance Ordinance; and Chapter XVII, Article 9 of the Los Angeles Municipal Code, commonly referred to as the Fair Chance Initiative for Hiring Ordinance.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

PepsiCo is an Equal Opportunity Employer: Female / Minority / Disability / Protected Veteran / Sexual Orientation / Gender Identity / Age

If you'd like more information about your EEO rights as an applicant under the law, please download the available EEO is the Law & EEO is the Law Supplement documents. View PepsiCo EEO Policy.

Please view our Pay Transparency Statement

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Associate Manager, North America Retirement