Retirement and Benefits Strategy Manager

Retirement & Benefits Strategy Manager

The Vice President, Retirement & Benefits Strategy Manager is responsible for managing Comerica's retirement plans and wellbeing programs, and setting strategy for future benefit design. This includes researching, analyzing, working with vendors and evaluating practices and administration to ensure the programs adhere to plan terms and regulatory requirements. Acts as a liaison across the benefits group for compliance and communications activities.

Position Responsibilities:

• Oversee all retirement plans and wellbeing programs. This includes vendor management, appropriate delegation and review of administrative tasks, resolving complex escalations, educating/assisting managers, employees, retirees, and beneficiaries regarding retirement plan policies, procedures, benefit provisions, and legal requirements.
• Lead the projects and initiatives of the Retirement Working Group of the Investment Subcommittee, including managing retirement plan advisors. Support the Benefits Director in coordinating and preparing for Benefits Committee and Investment Subcommittee.
• Regularly review benchmarking to ensure Comerica's retirement and benefit programs remain competitive. Perform cost analysis and data analytics to support and recommend plan design changes for benefit programs.
• Oversee compliance and communications for retirement and wellbeing programs including maintaining tools, calendars, and procedure documentation for recurring items. Act as the liaison to internal and external auditors to answer questions and ensure each SME on the team is providing information timely.
• Manage all RFPs and contract changes regarding retirement and wellbeing programs while ensuring annual reviews are completed in collaboration with procurement.
• Other duties as assigned, e.g., HR budget reconciliations.

• Bachelor's Degree from an accredited university in Finance, Accounting, Business or similar
• 6 years of experience working with retirement and benefit plans, including experience with defined benefit plans
• 5 years of legislative experience (i.e., ERISA, DOL)
• 3 years of experience managing multiple projects and/or working with outside vendors to manage projects
• 3 years of benchmarking, data analytics and/or strategy experience

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.