Lyondell Chemical Company
Houston, TX, United States
ONE HOUSTON CENTER-130
Global Pension Finance (50145704)
Finance and IT
LyondellBasell (NYSE: LYB) is one of the world’s largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell ( www.lyondellbasell.com
) manufactures products at 55 sites in 17 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including; packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.
The Senior Manager, Global Pension Liabilities will function as a staff advisor for global trust accounting and funding management interacting with the Global Director of Pensions and Investments, the Human Resources Benefit team, the Legal team responsible for benefit plans, and the Corporate Accounting team. The role will be an internal consultant related to trust funding and accounting matters on a global basis. The function will emphasize continuous improvement of processes, reporting and decision making with the primary objectives of managing the impact of the global pension liabilities on the enterprise. This position is expected to work closely with the Director in developing, implementing and maintaining the Plan’s investment strategy.
Roles & Responsibilities
Work in collaboration with the Global Director of Pension and Investments to establish appropriate metrics for measuring successful plan performance for US and global plans. Develop monitoring mechanisms and make recommendations as appropriate.
Lead efforts to establish a pension risk management framework for measuring appropriateness of investment strategy. Work with the Global Director of Pension and Investments and other investment experts to execute changes as required.
Develop a global oversight process for non-US investments/funding vehicles and build relationships with local contacts in each country.
Identify opportunities to insource actuarial modeling and analyses currently performed by advisors in local countries; work with benefits and accounting teams to manage fees and scope of services to optimize value.
Develop and execute funding strategies (US and non US as appropriate) that consider future cash requirements/flexibility, funded status goals and impact of legislated funding flexibility or restrictions.
Coordinate with the accounting team to provide support for planning, forecasting and modeling of the financial statement impact. In addition, identify when certain events require special accounting treatment to ensure expense and balance sheet impacts are understood and factored into capital structure requirements.
Work with Human Resources Benefits team to develop analytics to support initiatives that improve financial efficiency of global plans.
Work with Human Resources and Corporate Accounting to help parties understand potential impact of plan design changes and strategies on funding and accounting.
Support the Benefit Finance Committee with understanding of liability risk and potential solutions in US plans. Serve as staff advisor to Executives generally on issues related to pension risk management, funding and accounting.
Stay current with legislative activity impacting pension funded status, cash requirements and financial statement impact. Ensure all modeling reflects risk of anticipated changes.
Responsible for monthly and quarterly global pension funding/accounting reporting package.
Minimum of 10 years of finance and/or accounting experience including experience and understanding of actuarial reviews of pension plans.
Bachelor’s degree in Business Administration, Statistics, Finance, Economics, Mathematics or other related field required.
Member of the Society of Actuaries (ASA or FSA)
MBA strongly preferred.
Actuary Consulting experience is considered a plus.
English required; any other languages (particularly Dutch, German, Italian, French or Spanish) a plus.
Instills trust and exemplifies integrity:
Drives vision and purpose
Must be at least 18 years of age and must be legally authorized to work in the United States (US) on a permanent basis without visa sponsorship.
LyondellBasell does not accept or retain unsolicited résumés or phone calls and/or respond to them or to any third party representing job seekers.
LyondellBasell is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics. The US EEO is the Law poster is available here
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Lyondell Chemical Company
Website : http://www.lyondell.com