The Senior Retirement Consultant (SRC) is a key strategic resource for financial analysis, data integrity, budgeting and accounting information for the Retirement Department. Working with the Director of Retirement, the SRC is responsible for ensuring the accuracy and completeness of demographic, actuarial and financial information regarding the various HFHS defined contribution and defined benefit plans. These responsibilities include the review of, and on occasion, the preparation of defined benefit plan calculations. Since the SRC is called upon to prepare detailed calculations, he/she must be very proficient at spreadsheet preparation and advanced accounting and math skills. The SRC often acts as a project manager; he/she aggressively completes projects in a timely manner with little or no supervision. A SRC will have several years of financial, and benefit related experience.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

Responsible for the preparation of defined benefit calculations and often the review of these calculations if they are performed by other personnel.
In coordination with the plan actuary and plan record keeper, analyze and update actuarial information for each of the defined benefit plans.
Performs detailed research of payroll records on retirement related questions and data issues.
Provides extensive consulting to HFHS human resource personnel on the more difficult/complex questions related to the Retirement Plan provisions and technical issues.
Works directly with outside actuaries on data gathering for vesting and credited service for new affiliations and joint ventures. Prepares specifications regarding how and what data should be collected.
Assists HFHS Finance Group toward the completion of benefit information on Form 990 and Medicare cost reporting.
Provides responses to IRS, PBGC and other governmental inquiries on retirement and benefit related issues with minimal assistance from the Director of Retirement.
Meets independently with outside “vendors,” such as plan actuaries, record keepers, attorneys and consultants and directs them toward the completion of project goals and objectives.
Works closely with HFHS Treasury Department, Audit & Compliance and HFHS Accounting on retirement related distributions and account reconciliation’s. Often is called upon to participate as a team member in meetings and projects with these personnel.
Responsible for working independently on special projects that require extensive problem-solving skills and commitment for their completion.
Counsels HFHS Retirement Plan participants on general questions and assists them in the resolution of data errors. This role often includes phone calls and personal meetings.
Is the key Retirement Department contact with HRIS for data administration and the ongoing data reporting used by outside actuaries.
Is the key contact person for outside yearly CPA audits. This role includes developing a planning schedule and preparing reports for outside auditors. It also includes the review of audited financial statements and preparing responses to audit management letter recommendations.
On occasion, performs review of pension files and approves pension files for distribution.

EDUCATION/EXPERIENCE REQUIRED:

Bachelor's Degree in Math, Accounting, Finance or Related field.
Master's Degree, Actuarial Certificate, CPA Certificate or CEBS/ACA designations, preferred.
4 years of experience in related field. 6 years of experience, preferred.
Additional Details

This posting represents the major duties, responsibilities, and authorities of this job, and is not intended to be a complete list of all tasks and functions. It should be understood, therefore, that incumbents may be asked to perform job-related duties beyond those explicitly described above.

Overview

Henry Ford Health partners with millions of people on their health journey, across Michigan and around the world. We offer a full continuum of services – from primary and preventative care to complex and specialty care, health insurance, a full suite of home health offerings, virtual care, pharmacy, eye care and other health care retail. With former Ascension southeast Michigan and Flint region locations now part of our team, Henry Ford’s care is available in 13 hospitals and hundreds of ambulatory care locations. Based in Detroit, Henry Ford is one of the nation’s most respected academic medical centers and is leading the Future of Health: Detroit, a $3 billion investment anchored by a reimagined Henry Ford academic healthcare campus. Learn more at henryford.com/careers.

Benefits

The health and overall well-being of our team members is our priority. That’s why we offer support in the various components of our team’s well-being: physical, emotional, social, financial and spiritual. Our Total Rewards program includes competitive health plan options, with three consumer-driven health plans (CDHPs), a PPO plan and an HMO plan. Our team members enjoy a number of additional benefits, ranging from dental and eye care coverage to tuition assistance, family forming benefits, discounts to dozens of businesses and more. Employees classified as contingent status are not eligible for benefits.

Equal Employment Opportunity/Affirmative Action Employer

Equal Employment Opportunity / Affirmative Action Employer Henry Ford Health is

committed to the hiring, advancement and fair treatment of all individuals without regard to

race, color, creed, religion, age, sex, national origin, disability, veteran status, size, height,

weight, marital status, family status, gender identity, sexual orientation, and genetic information,

or any other protected status in accordance with applicable federal and state laws.