Retirement Programs Director

Working Title: Retirement Programs Director
Official Title: HR Manager 3, Benefits
Code: 9363BN

Salary range: $135,000-$160,000 annually.
Work environment: Fully remote (in the office on an as-needed basis).

The Retirement Programs Director leads and manages the implementation of retirement plan changes and amendments as well as maintenance, communication, administration, and evaluation of the University's retirement benefit programs including the Faculty Retirement Plan, Optional 403(b) and 457 Plans, as well as other plans. This position is the primary contact on behalf of the University with the Minnesota State Retirement System (MSRS). In addition, this role represents the Office of Human Resources in relevant internal University meetings and is a key contributor and leader to furthering retirement readiness and financial literacy among university employees.

The Retirement Programs Director partners closely within the Office of Human Resources (OHR), internal and external departments and committees, to develop, recommend, and implement the university retirement plan benefits strategy. The Retirement Programs Director is the University representative to the Minnesota State Retirement System (MSRS) Board. This position reports to the Senior Director of Total Compensation.

Major Responsibilities

• Serve as a key member of the University's Total Rewards department, providing strategic leadership of retirement services, ensuring alignment with the University-wide Total Rewards strategy.
• Build and sustain a high performing retirement services team inclusive of retirement consultant, benefit counselors and retirement plan administrator
  Identifies and collaborates on initiatives and activities regarding possible changes, amendments, restatements to plan documentation, and makes recommendations to OHR senior
• leadership and RPGC as appropriate.
• Maintains detailed knowledge of university retirement programs on plan designs, regulations, statutes, legislation, internal policies and procedures, and external benchmarks.
• Understands HRMS activities which relate to retirement programs, including service provider management, establishing requirements and contracts, and ensuring the right tools and information are available to meet business needs
• Engages in negotiation efforts with vendors and recordkeepers regarding costs, performance guarantees, and customer service in line with university expectations. Supports process to finalize agreements, contracts and amendments with plan vendors and provides this recommendation to OHR, OIB, and RPGC for review and approval
• Ensures effective employee-facing programs in the areas of financial wellness and retirement readiness, utilizing new technology and best practices to provide strong knowledge base in these areas to employees
• Leads change management related to retirement plan changes
• Provides direction to the creation, development, and implementation of benefits communications and education necessary for internal training, and for employee education, working closely with OHR and OIB leadership on these programs
• Supports inquiries from university human resource leaders, OHR employee relations, OHR total rewards, OHR senior leadership, and University committees and employees by responding promptly and completely.
• Represents the University at MSRS board meetings, communicates with MSRS staff on administrative and compliance matters, and individual employee situations.

Qualifications

Essential Qualifications

• Bachelor's Degree
• Minimum of 10 years of experience working with defined contribution and defined benefit retirement plans, including fiduciary responsibility
• Experience with third-party contracts and managing service providers
• Knowledge of benefit designs, trends, applicable regulations, and best practices (IRS, EEO, HIPAA, ERISA)
• Experience managing or supervising staff
• Strong business and financial acumen to analyze workforce, benefits, and compensation data, identify trends, and make informed recommendations while maintaining confidentiality and effective communication across diverse stakeholders.
• Proven ability to develop fact-based business cases, negotiate skillfully, and foster positive partnerships with internal teams and external partners, including HR, Finance, IT, and vendors.
• Strong attention to detail, problem-solving, and project management skills, with the ability to manage both big-picture strategies and granular information, supporting a commitment to diversity and inclusion.

Preferred Qualifications

• Master's in Business, Finance, Accounting or Human Resources
• Professional retirement benefits certification or demonstrated work toward certification from a recognized professional or educational organization such as ASPPA. (QKA, QPA), CEBS, CBP
• Experience with HRMS system and outsourced benefits administrator
• Public sector experience

Benefits

Working at the University

At the University of Minnesota, you'll find a flexible work environment and supportive colleagues who are interested in lifelong learning. We prioritize work-life balance, allowing you to invest in the future of your career and in your life outside of work.

The University also offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

Please visit the Office of Human Resources website for more information regarding benefits.

How To Apply

Application must include resume and cover letter to be considered for the position. Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

Diversity

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Employment Requirements

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

About the U of M

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America’s Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).