Retirement Programs Representative III- IV - HR Executive Compensation & Retirement Programs - Akron

JOB DESCRIPTION

FirstEnergy at a Glance

We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger.

FirstEnergy (NYSE: FE) is dedicated to safety, reliability, and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of 3,780 megawatts.

About the Opportunity

This is an open position with FirstEnergy Service Co., a subsidiary of FirstEnergy Corp. [SC00

This is a position with FirstEnergy Service Co., a subsidiary of FirstEnergy Corp.

The position is in Human Resources within the Retirement Programs group and reports to the Manager, Executive Compensation & Retirement Programs. It may be located at the Corporate Headquarters in Akron, Ohio, Greensburg, Pennsylvania or Reading, Pennsylvania. The position is responsible for performing various business-related activities to support the Retirement Programs department. The Retirement Programs team is responsible for administering the defined benefit pension (qualified and non-qualified) and our 401(k) program. This position partners with the business units to ensure that programs support their objectives by helping to attract and retain key and critical talent.

Responsibilities include:

• Supports the administration of our defined benefit pension programs, both qualified and non-qualified plan formulas
• Supports the administration of our 401(k) program
• Assists with monthly pension payroll processing and validations; knowledge of Oracle is a plus
• Performs various reconciliations and research discrepancies
• Processes active and retiree deaths which involve confirmation, updating pension option elections and identifying the beneficiary, as applicable, and notifying vendors
• Assist with all special pension-related projects such as early retirement options and pension lift-outs
• Compiles data in preparation for retirements (projections and actual retirements), including data requests from external financial providers
• Reviews divorce documentation to determine if a Qualified Domestic Relations Order or Domestic Relations Order are necessary
• Perform SOX controls designed to ensure data accuracy for pension calculations and valuations
• Work with internal and external auditors on the annual pension audit
• Reviews and supports calls from current and former employees with questions on retirement programs, beneficiary changes and/or account distributions
• Consulting with business unit leaders on retirement program practices and processes
• Preparing and delivering pension-related presentations to employees
• Preparing various ad-hoc reports and statistics for the company's retirement programs and initiatives, which may include performing complex reporting and analysis functions
• Recommending process improvements as well as recommending and implementing solutions to drive change across the organization
• Working knowledge of the administration of 401(k) under Fidelity is a plus
• Working knowledge or familiarity of Code Section 409A is a plus

Qualifications at the HR Rep III level include:

• Bachelor's degree in related discipline with a minimum o