Benefits Analyst

The Company:

In July 2021, Tate & Lyle announced that it has entered into an agreement to sell a controlling stake in a new company, comprising of its Primary Products business in North America and Latin America and its interests in two joint ventures, to KPS Capital Partners, LP. Tate & Lyle and KPS will each own 50% of the new company with KPS having Board and operational control.

The Primary Products Business is a leading provider of nutritive sweeteners, industrial starches, acidulants and other corn-derived products in North America and Brazil. Founded in 1906 as A.E. Staley Manufacturing Co., the Primary Products Business has an over 100-year history of producing corn-derived products in the United States. The Company produces corn-derived products for a diverse set of end-uses including carbonated beverages, confectionery products, packaging applications and animal feed, among others, and is proud to serve some of the world’s most recognizable food and beverage brands. With approximately 1,700 (1800?) employees across six manufacturing facilities in the United States and Brazil, the Primary Products Business generates annual revenue of approximately $2.3 billion.

The investment in Primary Products will create a leading, independent and focused manufacturer of critical corn-derived ingredients for both food and industrial markets. The size and scale of the new company, and the tremendous growth opportunities made available by service as a critical supplier to the world’s preeminent food, beverage and industrial companies forms the foundation of a tremendous investment platform.

KPS is a leading global private equity firm, headquartered in New York, that makes controlling equity investments in companies across a diverse array of industries. KPS invests exclusively in manufacturing and industrial companies. Its portfolio companies currently generate nearly US$11 billion in annual revenue and operate 149 manufacturing facilities in 22 countries with over 35,000 employees worldwide

Tate & Lyle Tate & Lyle PLC is a leading global provider of food and beverage ingredients and solutions. Tate & Lyle has an over 160-year history of ingredient innovation, and partners with customers to provide consumers with healthier and tastier choices when they eat and drink. Through its expertise in sweetening, mouthfeel and fiber fortification, Tate & Lyle’s Food & Beverage Solutions business develops solutions which reduce sugar, calories and fat, add fiber and provide texture and stability in categories including beverages, dairy, bakery, soups, sauces and dressings. Tate & Lyle’s purpose is Improving Lives for Generations by supporting healthy living, building thriving communities and caring for the planet.

Role Purpose:

As a member of the Compensation & Benefits Team, this role will provide support to employees, managers and the broader HR Team on all benefits issues. This role will also partner closely with benefit providers and brokers to solve problems and work to ensure a competitive and efficient benefit package is available to employees of the company.

Duties:

• Serve an in house subject matter expert on plan design question and act as intermediary to benefit plan providers when questions require escalation.
• Do reconciliation of the 401k plan contributions from each payroll
• Partner with IS/IT to implement new programs or reconfigure existing plan (update annual limits per IRS guidelines, systems testing, etc.)
• Partner with Finance on month-end close
• Manage annual contributions to Supplemental Defined Contribution Plan including calculation of executive payments and annual discretionary contributions
• Partner with benefit providers on communication plans related to benefits initiatives and annual open enrollment materials
• Manage plan documentation including the notes from Benefit Plan Committee and Investment Committee including servings as Secretary of the committee
• Participate in benefit plan design reviews to ensure competitiveness of benefits package
• Manage benefit plan audits and tax filings for plans
• Partner with Broker to implement ad-hoc benefits when applicable
• Partner with HR and Compensation & Benefits team on special projects (plan/policy design)

Education/Experience:

• A minimum of 5 years of Benefits, Compensation or Human Resource Generalist Experience preferred
• Bachelor’s degree or equivalent experience required
• Ability to work with limited direction
• Ability to manage multiple complex tasks
• SAP Payroll experience a plus
• Microsoft Office experience with an emphasis on Excel skills preferred

California Consumer Privacy Act ("CCPA")

The Company is committed to complying with the California Consumer Privacy Act (“CCPA”) and all data privacy and laws in the jurisdictions in which it recruits and hires employees. We collect the following categories of personal information for the purpose of hiring the best qualified applicants and to comply with applicable employment laws: Name and contact information; Job preference and work availability; Social Security Number and/or other identification information; Education and qualifications; Employment history and experience; Military service; Reference and background check information, including relevant criminal history and credit history; Social media information; Pre-employment test results; Post-offer medical examination information and results, including drug test results; Voluntary self-disclosure information regarding minority, veteran, and disability status; and Information provided by you during the hiring process.

Tate & Lyle is an equal opportunity employer, committed to the strength of an inclusive workforce.