Manager Pension Administration

By Glencore

Dead Line: October 14, 2021

• Manages and oversees the retirement plans and savings programs sponsored by Glencore Canada in a manner that is consistent with corporate and governance objectives and Commodities’ human resource strategies
• Management of the administration of a variety of retirement plans and savings programs -
• 8 different Defined Benefit Plans registered in various jurisdictions (flat benefit; final average; open, closed; supplemental; staff and unionized employees) with 3,000 active members, 1,000 deferred members and 6,000 pensioners with annual pension payments of $130M and approximately $2.3B in assets.
• 10 different Capital Accumulation Plans (DC, RRSP, DPSP, non-registered; notional; supplemental; staff and unionized employees) across various jurisdictions covering approximately 8,000 accounts with approximately $600M in assets.
• Assists the Director, Retirement Programs with respect to the corporate pension governance of the 5 different Canadian pension committees and acts as the secretary of three of these Pension Committees.
• Oversees the outsourced administration of all retirement plans and savings programs sponsored by Glencore Canada on behalf of the Commodities, including the timely completion of all regulatory filings to government agencies and the coordination of the meetings of the three Québec-mandated Pension Committees
• Ensures the accurate, efficient and robust administration of the retirement plans and savings programs administration through, but not limited to the following; ongoing meetings/conference calls with the Defined Benefit plans administrator, the Capital Accumulation Plans record-keeper, the custodian and retiree payroll paying agent.
• Ensures quality and accuracy of regular service-related statistics, formal internal reporting to the various Pension Committees and correspondence with governmental agencies as required.
• Provides support to the Canadian corporate office as well as to the Copper, Nickel and Zinc Commodities across approximately 12 sites and 9 collective bargaining agreements.
• Ensures the strategic management and coordination of the ongoing relationship with all the internal and external administration stakeholders involved to ensure that cost effective and robust administration services are provided in accordance with contracts and service agreements.
• Works directly with all sites’ pension administrators, the Defined Benefit plans administrator and the Capital Accumulation Plans record-keeper on the resolution of all administrative matters.
• Develops and implements robust ongoing communication and education strategies for all retirement plans and savings programs participants.
• Coordinates periodic training for the sites’ pension administrators through the Defined Benefit plans’ administrator, the Capital Accumulation Plans’ record-keeper and internal resources as required.
• Assists the Director, Retirement Programs in various special projects.

• Relevant Bachelor’s degree (e.g. Business Administration, Economics, accounting, actuarial or related field)
• Minimum ten years’ experience with 5-7 years’ of direct progressive retirement and/or programs related experience
• Superior analytical skills and outstanding project management skills
• Ability to exercise sound judgement, set priorities, organize and implement effectively in all areas of accountability, be flexible and able to prioritize multiple projects
• Strong financial acumen; solid understanding of business implications of decisions
• Ability to work independently, self-driven and highly motivated
• Excellent computer skills, particularly spreadsheet and database applicationsFlu
• ency in both English and French (oral and written) is mandatory
• Ability to effectively work remotely from home most of the time is mandatory
• Managing the retirement programs at Glencore is multi-dimensional and challenging. The nature of this position requires the incumbent to have a thorough knowledge of the principles surrounding the Canadian pension environment as well as Social Security and tax legislations.
• Expected to have a thorough understanding of the pension and benefits programs associated with the operations of the Company, and to also have excellent analytical skills. The position requires a person who can work effectively with Human Resource management at all Commodities, sites and offices, recognizing the cultural and business unit issues, as well as site-specific issues.
• Must have demonstrated maturity in dealing with different levels of employees in a fast-paced environment with very effective communication and interpersonal skills.
• Must have the ability to develop positive working relationships with both internal and external customers, effectively manage varied demands simultaneously and work with minimum supervision