Pension Manager

Navistar, Inc. is seeking a Manager, Retirement to join our People and Culture Team at our World Headquarters location in Lisle, IL.

This person will be responsible for the compliance of Navistar’s retirement income programs including defined benefit pension plans, defined contribution plans and non-qualified deferred compensation plans, both defined benefit and defined contribution. Assists the Associate Director, Pensions, in development of the overall strategy, direction and execution of retirement income plans. Assists in evaluating financial, legal and tax implications for M&A’s, location closures, etc. Supports labor union negotiations.

The Manager, Retirement will have the knowlege and responsibility of the following:

• Ensure compliance with all regulatory requirements under ERISA, including the preparation of documents pertaining to:
• Review of IRS Form 5500s, including Financial Statements and Schedule SBs
• Prepare PBGC Form 10s for any Reportable Events
• Prepare annual PBGC Form 4010 Filing
• Review annual PBGC Premium Filing
• Perform corrections under EPCRS

Responsibilities

• Maintain plan documents for any regulatory updates and plan design changes. Draft plan amendments, summary of material modifications and summary plan descriptions. Prepare memo to leadership for approval.
• Review Actuarial Valuation Report for Employer Contributions prepared by actuaries. Prepare memo to Treasury to pay contributions to the pension trusts.
• Prepare and mail the Annual Funding Notices for the pension plans.
• Review and respond to appeals. Participate in UAW/Navistar Joint Pension Board.
• Support internal and external audits of retirement plans.
• Supports Labor Negotiations by analyzing the population, making recommendations for changes, preparing costs, and fulfilling union’s data request.
• Support the Pension Administration Team in answering questions and creating and/or maintaining procedures.
• Develop and implement a communication program for our defined contribution plans.
• Fill out surveys and review results. Advise management of emerging trends and best practices.
• Develop the financial wellness aspect of Well-being
• Contribute to overall strategy of retirement income plans, monitor the cost effectiveness of the existing plans, and recommend required revisions to meet strategic benefit objectives
• Assist in evaluating M&As, Sales, plant shutdowns, etc. to determine any issues impacting our retirement programs
• Keep abreast of regulatory changes impacting retirement benefits in US and globally and advise management of emerging trends and best practices.

Minimum Requirements

• Bachelor’s degree
• At least 8 years of pension design and benefit administration experience
• At least 1 year of lead experience

OR

• Master’s degree
• At least 6 years of pension design and benefit administration experience
• At least 1 year of lead experience

OR

• At least 10 years of pension design and benefit administration experience
• At least 1 year of lead experience

Additional Requirements

Qualified candidates, excluding current Navistar employees, must be legally authorized on an unrestricted basis (US Citizen, Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. Navistar does not anticipate providing employment related work sponsorship for this position (e.g., H-1B status)

Desired Skills

• Deal with ambiguity
• Collect and process information and communicate your findings clearly.
• Proven Project Management Skills
• Excellent verbal and written communication skills
• Advanced Level in Excel (analyzing data and preparing Pivot Tables, Charts, etc.)
• Advanced Level in Power Point (preparing presentations)

Company Overview

Navistar is a purpose-driven company, reimagining how to deliver what matters to create more cohesive relationships, build higher-performing teams and find solutions where others dont.

Navistar is the Lisle, Illinois-based parent company of International® brand commercial trucks and engines, IC Bus® brand school and commercial buses, all-makes OnCommand® Connection advanced connectivity services, aftermarket parts brands Fleetrite®, ReNEWed® and Diamond Advantage® and Brazilian manufacturer of engines and gensets MWM Motores Diesel e Geradores.

With a history of innovation dating back to 1831, Navistar has more than 12,000 employees worldwide and is part of TRATON SE, a global champion of the truck and transport services industry.

Accelerating the Impact of Sustainable Mobility

Navistar is an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.