Subaru of America, Inc. Looking for Compensation & Benefits Accounting Manager at Camden, New Jersey, United States Full Time

Full Job Description

About Subaru

Love. It’s what makes
Subaru, Subaru®. As a leading auto brand in the US, we strive to be
More Than a Car Company®. Subaru believes in being a positive force in
the communities in which we live and work, not just with donations but
with actions that set an example for others to follow. That’s what we
call our Subaru Love Promise®.

Subaru is a globally
renowned automobile manufacturer known for its commitment to
innovation, safety, and sustainability. With a rich history dating
back to 1953, Subaru has consistently pushed the boundaries of
automotive engineering to deliver vehicles that offer not only
exceptional performance but also a unique blend of utility and
adventure.

Subaru’s company culture is built on
collaboration, diversity, and a shared passion for our product. We
foster an inclusive environment that encourages employees to bring
their unique perspectives and talents to the table. Our team members
are driven by a common goal: to create exceptional vehicles that
inspire and delight our customers.

Position
Summary

Plan Administrator for Retirement Plans
and Welfare Benefits Plans. Manages all Department of Labor (DOL)
audits and state audits related to SOA’s compensation and benefit
programs. Plan Fiduciary and member of SOA’s Retirement Committee.
Manages Payroll section.

Major Responsibilities

• Plan Administrator: Retirement Plans and
  Welfare Benefits Plans includes both qualified and nonqualified
  (executive) plans. Duties are performed in accordance with the
  provisions of the many retirement plan and welfare benefit plan
  documents requiring sound judgment, initiative, and discretion.
  Responsibilities include plan management and budgeting; plan
  administration; design and interpretation; financial reporting;
  governmental reporting and disclosure; actuarial analysis and funding;
  development of policies and procedures; and negotiation of contracts
  for professional services.
• Tax compliance of SOA’s
  compensation, retirement, and benefit programs.
• Financial
  reporting of salary and related costs – compensation and benefit
  program costs.
• Manages all qualified and nonqualified
  retirement and welfare benefit plan trusts. Ensures regulatory
  compliance and proper documentation requirements are met for
  fulfilling internal fiduciary policies and procedures regarding
  discretionary actions and all other policies and guidelines. Ensures
  proper tax reporting and serves as fiduciary advisor to provide trust
  administration and planning. Balances the interests of Fidelity
  Management Company as Trustee, administers the trust in good faith in
  accordance with the terms and purposes of the trust instrument, while
  balancing the interests of the trust participants.
• Develops
  tax and investment strategies. Researches impact of all related tax
  legislation and financial regulations as they relate to compensation,
  retirement, and benefit programs. Establishes domestic captive to
  reinsure certain benefits to gain tax advantages, as well as reducing
  plan costs, which offset participant costs. Works with Risk Management
  in utilizing Pleiades’ onshore captive to reinsure coverage under the
  ERISA plans and executive programs.
• Manages the payroll
  section of the Accounting Department. Ensures staff performs job
  accountabilities and attains section goals/objectives successfully.

Required Skills and Personal Qualifications

• Proficient in retirement systems
  administration/management, and legislative process.
• Proficient in computer applications as applied to payroll,
  finance, and pension systems administration.
• Investments
  and cash management, asset allocation, and evaluation.
• Finance, accounting, and budgeting.
• Legal and
  procedural requirements regarding employee retirement programs
  including trust/custodian.
• Demonstrates significant
  knowledge of trust administration and fiduciary requirements.
• Actuarial funding and statistical methods.
• Knowledge of
  corporate relocation and real estate transactions.

Education/Experience Requirements: 4-Year
College Degree (BA, BS) and 8-10 years’ of relevant experience

Work Environment

• Hybrid Role:
  Remote work 2 days per week (After 90 Days Onboarding)
• Travel Required: 5-15%

Compensation:
The recruiting base salary range for this full-time position
is $111500 – $160000 / year. Within the range, individual pay is
determined by factors, including job-related skills, experience, and
relevant education or training. (M2) In addition to competitive
salary, Subaru offers an amazing benefits package that includes:

• Medical, Dental, Vision Plans
• Pension, Profit
  Sharing, and 401K Match Offerings
• 15 Vacation days, 9
  Company Holidays, 5 Floating Holidays, and 5 Sick days
• Tuition Reimbursement Program
• Vehicle Discount Programs
• Visit our careers landing page for additional information
  about our compensation and benefit programs!