Human Resources Foundations Advisor, Retirement Benefits

At Bayer, we believe work should matter. Every day, our teams push toward a future where 'Health for all, Hunger for none' is within reach, and every role, from the lab to the field to the boardroom, helps us get there.

As a Human Resources Foundations Advisor, Retirement Benefits, you will support the accurate, compliant, and employee-focused administration of the organisation's Defined Contribution and Defined Benefit retirement plans.

Responsibilities:

• Manage day-to-day plan operations, research and resolve complex participant issues, monitor vendor performance and data interfaces, support audits and regulatory activities, and contribute to retirement plan projects and communications.
• Support administration of qualified and non-qualified Defined Contribution plans, including 401(k) plan eligibility, enrollment, contributions, deferral changes, employer contributions, distributions, loans, beneficiary updates, and plan limits.
• Monitor payroll and recordkeeper interfaces, research contribution discrepancies, and reconcile plan data, funding, participant activity, and vendor reports.
• Respond to escalated employee, retiree, and beneficiary inquiries and explain plan provisions using plan documents, summary plan descriptions, administrative procedures, and vendor resources.
• Support annual compliance testing, government filings, required participant notices, audits, and other recurring plan administration activities.
• Coordinate with recordkeepers and internal partners on qualified domestic relations orders, required minimum distributions, death claims, corrections, and other complex transactions.
• Support day-to-day administration of qualified and non-qualified Defined Benefit pension plans for active employees, terminated vested participants, retirees, and beneficiaries.
• Coordinate pension estimates, retirement packages, benefit elections, payment commencement, lump-sum or annuity processing, death benefits, and other participant lifecycle events.
• Review participant data, service history, compensation, eligibility, vesting, and benefit calculations for completeness and accuracy, and research historical records and resolve discrepancies.
• Partner with actuaries, pension administrators, trustees, payroll, Finance, Legal, and other stakeholders to complete benefit calculations, funding and payment activities, and plan administration requirements.
• Coordinate taxation and payroll reporting for non-qualified retirement benefits, including applicable FICA processing.
• Research and resolve escalated pension inquiries, calculation questions, payment issues, and plan interpretation matters in a timely and service-oriented manner.
• Support internal and external audits by gathering documentation, validating data, responding to inquiries, and tracking items through resolution.
• Monitor retirement plan vendor service levels, transaction quality, open issues, and participant experience, and escalate risks and follow through on corrective actions.
• Maintain accurate procedures, controls, issue logs, and documentation for retirement plan processes.

Requirements:

• Demonstrated knowledge of U.S. Defined Contribution and Defined Benefit plan administration, including eligibility, contributions, distributions, pension calculations, payment processing, and participant servicing.
• Ability to interpret plan documents and administrative procedures, analyze complex data, identify discrepancies, and drive issues to accurate resolution.
• Experience working with retirement recordkeepers, pension administrators, actuaries, payroll teams, auditors, and other internal and external partners.
• Strong organisational skills, attention to detail, sound judgment, and ability to manage competing deadlines involving sensitive participant information.
• Clear written and verbal communication skills with a strong customer focus and the ability to explain complex retirement topics in practical terms.

Preferred Qualifications:

• Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or a related field.
• Experience with Workday, SAP, ADP, retirement recordkeeping platforms, or pension administration systems.
• Minimum of eight years of progressive experience administering retirement programs, with hands-on experience supporting Defined Contribution and Defined Benefit plans.

Benefits:

• Salary between $91,200 to $136,800.
• Additional compensation may include a bonus or commission.
• Health care, vision, dental, retirement, PTO, sick leave, etc.