ESOP Administrator

Description

JOB SUMMARY:

The Administrator, Qualified and Non-Qualified Plans, Compliance and Administration provides subject matter expertise and consultation regarding compliance with the administration of the Employee Stock Ownership Plan, and Qualified and Non- Qualified Compensation and Benefit Plans. This includes making recommendations regarding the effect of proposed or enacted regulations, such as ERISA on operations and compliance activities.

Essential Functions

• Serving as primary interface to Internal Trustees, Third Party Recordkeeper (TPA), ESOP Counsel, Valuation firm, Independent Auditor and other service providers.
• Gathering and transmittal of census and plan related financial information to TPA and other parties.
• Review of census information including review of eligibility determination for plan entry as well as allocation of employer contributions.
• Review of annual allocation of annual contributions, stock purchases and earnings as well as review of vesting applied to participant accounts.
• Review of plan financial statement and release of shares from leveraged loan.
• Reviewing and ensuring compliance in the processing of legal documents and requests and preparing responses to participants, beneficiaries, alternate payees and/or other third parties.
• Maintaining timely and accurate completion of Stock Program compliance activities and ensuring processes remain compliant with the appropriate regulations.
• Gathering, analyzing and compiling data needed to perform required regulatory filings.
• Assisting with drafting/reviewing plan documents to ensure technical, legal, regulatory and business process accuracy and making recommendations for compliance issues.
• Prepares and assists with ESOP education.
• Performs other related duties as assigned by management.
  
  
  

Participating as a team member on benefits-critical projects and other initiatives

Qualifications

QUALIFICATIONS:

Core Competencies

• Ethics, Values, Integrity & Trust - Adheres and acts in line with CPI core values.
• Functional/Technical Skills - Possesses high level of skill, knowledge and ability in assigned functional area.
• Safety – Complies with company safety rules and regulations. Takes a proactive approach to identify and eliminate safety hazards.
• Customer Focus - Gives high priority to customer satisfaction.
• Interpersonal Skills - Uses diplomacy and tact. Uses collaborative skills.
• Action Oriented & Adaptability - Takes initiative; acts promptly; is proactive.
• Ownership & Accountability - Proactively models, guards and demonstrates all of CPI’s core values.
• Priority Setting, Planning & Organizing- Uses resources effectively and efficiently.
• Problem Solving & Creativity - Uses logic and methods to solve problems with effective solutions. Develops new and unique ideas.
• Listening, Informing and Written Communications - Practices attentive and active listening. Shares information. Presents ideas and facts clearly and effectively in writing.
  
  
  

Technical Competincies

• At least ten (10) years of experience in benefits administration working with retirement and/or stock plans.
• Knowledge and awareness of the various laws and regulations impacting the administration of defined contribution retirement plans, non-qualified deferred stock plans and the stock registrar and transfer agent functions including Employee Retirement Income Security Act (ERISA), Uniformed Service Employment, Re-employment Rights (USERRA), Internal Revenue Code (IRC), Securities and Exchange (SEC) regulations, Treasury regulations and Department of Labor (DOL) regulations.
• Knowledge and awareness of retirement benefit plans, including knowledge of IRS tax reporting requirements, QDROs, Levy’s, Child Support processing, Power of Attorneys, trusts and guardianships.
• Consulting and research skills.
• Strong computer skills including Microsoft Office.
• Intermediate/advanced spreadsheet skills, including data uploads/downloads and data manipulation.
• Strong analytical and organizational skills.
• Excellent verbal and written communication skills.
  
  
  

Project management skills.

Physical/Environmental Requirements

• Works on computer majority of day.
• Frequent sitting.
• Some travel required by both car and plane.
  
  
  

Lift up to 25 lbs.

Salary Range: $70,000 - $78,000

The pay for this position depends on qualifications. We offer a competitive salary and benefits package that reflects the expertise and experience of the successful candidate.