Director, Retirement Benefits - REMOTE
Who We Are
Join a team that puts its People First! Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for eleven consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com. What We Do
Position Summary
The Director, Retirement Benefits is responsible for the strategic design, governance, administration, compliance, and ongoing optimization of the Company's retirement and financial wellness programs. This role serves as the organization's subject matter expert for defined contribution retirement plans, investment oversight, fiduciary governance, vendor management, and retirement program strategy. The Director partners closely with senior leadership, Finance, Legal, Human Resources, Payroll, and external advisors to ensure retirement programs are competitive, compliant, cost-effective, and aligned with the Company's talent and business objectives.
Reporting to the Vice President, Total Rewards (or equivalent), this role leads retirement plan strategy for a publicly traded organization with approximately $7 billion in annual revenue and significant fiduciary, regulatory, and operational responsibilities.
Key Responsibilities
Retirement Strategy & Plan Design
- Develop and execute the long-term strategy for the Company's retirement and financial wellness programs.
- Evaluate and recommend plan design enhancements that support employee attraction, retention, engagement, and retirement readiness.
- Benchmark retirement programs against market practices and emerging industry trends.
- Lead analysis of retirement program effectiveness, participation rates, savings outcomes, income replacement, and utilization metrics.
- Develop business cases and recommendations for executive leadership and governance committees.
Leadership & Collaboration
- Lead and develop retirement benefits team members, as applicable.
- Serve as the internal retirement benefits expert and advisor to HR leadership.
- Collaborate with Compensation, Payroll, Finance, Legal, Internal Audit, and Communications teams.
- Present recommendations and updates to senior leadership and governance committees
Investment Oversight & Fiduciary Governance
- Serve as a key member and advisor to the Administrative Benefits Plan Committee and other fiduciary governance bodies.
- Partner with investment consultants and advisors to monitor investment performance and plan fund lineups.
- Evaluate investment options, target-date funds, managed accounts, brokerage windows, and retirement income solutions.
- Support development and maintenance of:
- Investment Policy Statements (IPS)
- Fiduciary governance frameworks
- Committee charters and documentation
- Prepare investment reviews and recommendations for fiduciary committees.
- Maintain a strong understanding of capital markets, investment vehicles, fiduciary responsibilities, and retirement industry developments.
Plan Administration & Operations
- Oversee administration of the company’s 401(k) plans
- Ensure accurate and timely plan operations, payroll integration, contribution processing, participant transactions, and annual compliance testing.
- Direct annual plan audits and regulatory reporting activities.
- Manage plan amendments, restatements, participant communications, and operational changes.
Compliance & Risk Management
- Ensure compliance with:
- ERISA
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