* Paid Vacation Time
* Company-Paid Holidays
* 9/80 Work Schedule Option (where applicable)
* Parental Leave
* Excellent 401(k) Match
* Pension Plan
* Company-Paid Sick Leave and Long-Term Disability
* Medical, Dental, & Vision Plans; FSA and HSA options
* Company-Paid Life Insurance for Active Employees
* Healthy Rewards Program
* Service Awards Program
* Educational Assistance Plan
* Dependent Children Scholarships
* Reimbursement for Gym Membership
* Employee Discount Programs
* On-site Health Clinic
* On-site Cafeteria (select locations)
* On-site Credit Union and ATM (Corporate office only)
* On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
Relocation Benefits are not available for this position.
Employer will not sponsor visas for position
Administers the policies, processes, procedures and activities of CITGOs two defined contribution and three defined benefit plans in compliance with the plan documents and Federal laws and regulations. Manages the daily administration of the qualified plans. Main point of contact for plan disbursements, problem resolution, and participant inquiries. Handles complex analytical projects and research as assigned by the Retirement Plans Manager.
The minimun number of years of job related experience required by this job is:
List any specialized training or unique skills required:
Experience in administration of qualified Defined Contributions 401(k) and Defined Benefits (pension) plans including thorough understanding and ability to interpret complex plan documents and provisions.
General knowledge of ERISA, IRS and DOL regulations pertaining to retirement and 401(k) plans.
Proficient in MS Office and email.
Familiar with SAP and/or other HRIS systems.
Experience using vendor portals for plan administration.
Demonstrated strong attention to details.
Ability to prioritize, organize, and handle multiple tasks.
Ability to work independently to resolve issues/problems with minimal guidance.
Ability to work in a team environment, under pressure, meet deadlines, handle large volume of diverse assignments in a changing work environment.
Strong interpersonal skills-verbal and written.
Ability to deal tactfully with challenging customers on the phone, email, and in person.
Bilingual English/Spanish a plus.
Administers policies, processes, procedures and activities for all CITGOs qualified retirement plans. Assures the plans are administered in accordance with plan documents and in compliance with Federal laws and regulations. Manages the daily administration of the pension and savings plans, including, but not limited to processing, approving and reconciling pension plan distributions (lump sum payments and annuities);; monitoring installment payments, loans, and Minimum Required Distributions; directing the transfer of assets upon participants death; overseeing electronic data interfaces between payroll, the plans record keepers, and trustees; accomplishing the restoration, allocation and crediting of forfeitures; etc. Manages the Bridging Service Policy as it relates to plan eligibility and vesting credit service in all retirement plans.
Retirement plans subject matter expert, including plan provisions and features, available options, etc. Interprets complex concepts in plan provisions, responds to inquiries, and provides problem resolution, information and education to employees, retirees, and terminated vested participants.
Partners with Benefits Accounting to provide expert knowledge and assistance with information gathering, problem resolution and balancing of pension interfaces, reporting, data collection, and other applicable audit support in preparation of plan financials and Forms 5500, and IRS, DOL, internal and external audits.
Handles complex, special, critical and analytical projects as assigned by the Retirement Plans Manager. Many of the projects require research that leads to recommendations for benefit plan changes. Requires discretion and latitude.
Responsible for staying abreast of regulatory requirements and changes. Assists in updating retirement plan communications, including letters, SPDs, benefit brochures, relevant sections of the Companys dedicated benefits website, etc. to communicate such changes.
Identifies ways to improve processes and procedures to increase efficiency within the department.
Requisition #: 2021-6236
External Company Name: Citgo Petroleum Corporation
External Company URL: http://citgo.com/Home.jsp
Our Favorite CITGO Perks are:: * Annual Vacation Incentive for Eligible Employees * Paid Vacation Time * Company-Paid Holidays * 9/80 Work Schedule Option (where applicable) * Parental Leave * Excellent 401(k) Match * Pension Plan * Company-Paid Sick Leave and Long-Term Disability * Medical, Dental, & Vision Plans; FSA and HSA options * Company-Paid Life Insurance for Active Employees * Healthy Rewards Program * Service Awards Program * Educational Assistance Plan * Dependent Children Scholarships * Reimbursement for Gym Membership * Employee Discount Programs * On-site Health Clinic * On-site Cafeteria (select locations) * On-site Credit Union and ATM (Corporate office only) * On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
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CITGO Petroleum may also be known as or be related to CITGO, CITGO PETROLEUM CORPORATION, CITGO Petroleum, CITGO Petroleum Corporation, Citgo Petroleum and Citgo Petroleum Corporation.