Retirement Benefit Consultant

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow?  A  position at Xcel Energy could be just what you’re looking for.

Position Summary

Participates in the design, development, implementation and administration of the company's qualified and non-qualified retirement benefit programs including but not limited to: bargaining and non-bargaining defined benefit and contribution plans; employee stock-based plans; and special executive plans (e.g., supplemental retirement and deferred compensation programs). Assists in vendor negotiations regarding level of benefits provided, costs, performance guarantees and expectations. Makes program recommendations to ensure the company's competitive position in the marketplace and assists with improving and/or securing new policies and programs in order to provide the most favorable plans, cost terms and coverage for all types of retirement benefits. Ensures compliance with applicable legal and regulatory requirements. Provides support and high level consultative services to regulated and non-regulated business units on special retirement benefit needs.

Essential Responsibilities

• Retirement benefit programs: Assists with the design, development, implementation, communication and administration of all qualified and non-qualified retirement benefits programs for active employees and retirees. Researches market trends and makes recommendations to management regarding changes, enhancements, etc.

• Vendor selection/relationships: Assists in negotiations with vendors, including benefits provided; costs; performance guarantees and expectations; identification of systems requirements; etc. Works with vendors to define working relationships and ensures that appropriate systems are established and effective, and that internal processes are in place and continuously monitored.

• Programs planning and administration: Provides consultation to regulated and non-regulated businesses as well as provides expertise for all retirement benefits processes. Assists with updating or introducing new retirement benefits plans, communications materials and processes. Consults in divestiture/acquisition process. Assists in budget preparation.

• Communication: Develops and delivers retirement communications including but not limited to orientation programs, new plan provisions, SPDs, Summary Annual Reports, Pension Packets and all other enrollment/distribution processes.

• Compliance: Ensures that all retirement plans are in regulatory and legal compliance (e.g., plan documents are produced; SPDs are updated and distributed; required government filings are accurate and meet required deadlines, etc.). Assists with internal/external audits and implements recommended changes required in processes or systems.

• Community representation: Active participant in benefits related community initiatives, representing the interests of the company.

Minimum Requirements

- A Bachelor's degree in a business-related field is preferred, or an equivalent combination of education and relevant experience.

- Professional benefits certification from a recognized professional or educational organization is preferred.

- Minimum of 4 years of benefits experience; in-depth knowledge of benefit issues, trends and practices; strong leadership, planning and organizational skills.

- Ability to make good business judgments and provide guidance on priorities and technical implementation; and proven interpersonal and communication skills to effectively interface with individuals and groups at all levels of the organization.

Preferred Requirements:

- ERISA experience.

- Compliance Reporting and legislation.

- Defined Benefit and Defined Contribution.

- Project Management.

- Employee Education and Communication.

- Experience with Workday / UKG

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.

Non-Bargaining

The anticipated starting base pay for this position is: $69,700.00 to $97,000.00 per year

This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

Deadline to Apply: 10/30/24

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)

ACCESSIBILITY STATEMENT
Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.