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Pensions Manager - Compensatio...

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Pensions Manager - Compensation & Benefits

Role: Pension Manager - Compensation & Benefits
Location: Madrid

Following several years of sequential growth which is characterized by transfer of employees as a result of our clients outsourcing their work to us and acquisitions. As a result we have and continue to inherit complex pension schemes in several countries across Europe in addition to our existing pension offering in each of the X countries we operate in.

We are now looking for an experienced Pensions Manager to manage, streamline and ensure compliance around the operation of our schemes working closely with our Benefits Lead for Continental Europe, our global tax team and local HR Managers.

What would be your main responsabilities in this role?
  • Assist HR Managers and Benefit leaders with day to day running of the Defined Benefit Plans in place across the region
  • Monitor and maintain compliance in close conjunction with local HR and payroll colleagues to ensure that obligations are met and that benefits promises are accordingly captured with Cognizant’s vendors and premiums are settled in line with the underlying pension plans.
  • Ensures the local, regional and global pensions governance framework is consistently applied and accordingly executed
  • Responsible for monthly reconciliation of obligations and funding
  • Is first point of contact/liaison between local HR and local advisor/consultant where appropriate
  • Ensures required data are delivered in time and in the appropriate format for accounting and actuarial valuations purposes.
  • Develops and maintains communication material to ensure the perceived value of the pension benefit is well understood and appreciated by the target groups
  • Support as requested benefit leaders in providing reports which makes sense given the request
  • Keeps track on upcoming local/international legislative changes which may affect the Defined Benefit pension plans
  • Work closely with the HR Deals team on new pension schemes which may transfer to us as a result of employees transferring to Cognizant under the Acquired Rights Directive or via an acquisition. This will include cost, implications and risk.
What skills would be required for this role?
  • Minimum 5+ years of progressive business experience
  • Strong understanding of Defined Benefits plans across Europe, including funding and accounting.
  • In depth knowledge and understanding on statutory and occupational Defined Benefit and Defined Contribution pension plans across Europe, at least Belgium, Denmark, Finland, France, Germany, Netherlands, Norway, Sweden and Switzerland
  • Knowledge and understanding Defined Benefit pension accounting and valuation in an international context
  • Understanding and knowledge in effective Defined Benefit pension employee communications
  • Ability to operate effectively in a geographically dispersed Global Matrix organisation.
  • Experience of dealing with external vendors

About Cognizant

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Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centres worldwide and approximately 255,800 employees as of September 30, 2016, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.

Resumen del Puesto

  • Empresa
  • Localidad
  • Tipo de Puesto
    Jornada Completa
  • Categoría Profesional:
    Gestión de Proyectos
  • Profesiones:
    Otras: Gestión de Proyectos
  • Experiencia Profesional
    Con experiencia
  • Sector Industrial
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