Director, Pensions & Savings

Referred applicants should not apply directly to this role.

All referred applicants must first be submitted through Workday by a current Loblaw Colleague.

Come make your difference in communities across Canada, where authenticity, trust and making connections is valued - as we shape the future of Canadian retail, together. Our unique position as one of the country's largest employers, coupled with our commitment to positively impact the lives of all Canadians, provides our colleagues a range of opportunities and experiences to help Canadians Live Life Well®.

At Loblaw Companies Limited, we succeed through collaboration and commitment and set a high bar for ourselves and those around us. Whether you are just starting your career, re-entering the workforce, or looking for a new job, this is where you belong.

The pension and Savings team is part of the Total rewards Centre of Excellence (“COE”) at Loblaw Companies Limited. The mandate of the Total Rewards COE is to provide strategic, financial and technical expertise on all employee and executive compensation and benefits programs to Loblaw Company Limited and its Canadian and US operating companies, including the company-owned companies like Joe Fresh and Shoppers Drug Mart and franchise businesses. The COE also provides advisory support services to its affiliate companies, George Weston Limited, Choice Properties, Wittington and Holt Renfrew.

In its day-to-day activities, the pension and savings team works with the businesses in assessing and maintaining plans to support HR and financial for several defined benefit and defined contribution pension and savings plans. covering over 200,000 colleagues.

Reporting to the Senior Vice President, Total Rewards, the primary mandates of the Director of Pensions & Savings will be leading a small team to help develop and implement the enterprise wealth strategy, establish standard processes for various administrative functions as well as provide consulting and actuarial support working with other team specialists.

Direct reports will include Senior Manager, Pensions and Senior Analyst, Pensions

Please note Loblaw's Return to Office Policy, effective October 2024, is 4 days in the office

Responsibilities:

Support the Total Rewards Mandate and Lead the Pensions & Savings Team:

• Help establish and implement the framework for any wealth strategy across the businesses

• Provide strategic and advisory support as required by the businesses

• Ability to proactively identify areas of improvement and ways to support our people strategy

• Identify and help implement an enterprise service model for pensions and savings

• Work on team efficiency and structure and continue to develop talent within the team

Technical Expertise and Relationship Management:

• Support the annual pension audit process and quarterly corporate accounting requirements

• Work with the businesses and financial reporting department on quarterly and year-end expenses and budgets

• Work closely with the Senior Director, Investments to help prepare and present materials for the quarterly Management Pension and Benefits Committee meetings

• Prepare memos and concise understandable presentations on complex or technical concepts

• Actively manage relationships with corporate departments, vendors, regulators, etc.

• Provide peer review and guidance on program operations and special projects as they come due

• Stay current on industry trends, regulatory and actuarial requirements for pension and savings plans

Qualifications:

• Pension actuary with over ten years of actuarial and consulting experience on both defined benefit and capital accumulation plans

• FCIA, FSA designation

• Exemplary project management skills with a track record of consistently delivering results

• Confidence, maturity and credibility to interact with and present to senior-level business leaders internally and externally

• Demonstrated ability to lead, engage and develop colleagues, work effectively in a dynamic team environment, and contribute to a positive, effective team atmosphere.

• Excellent communication skills both verbal and written

Our commitment to Sustainability and Social Impact is an essential part of the way we do business, and we focus our attention on areas where we can have the greatest impact. Our approach to sustainability and social impact is based on three pillars - Environment, Sourcing and Community - and we are constantly looking for ways to demonstrate leadership in these important areas. Our CORE Values - Care, Ownership, Respect and Excellence - guide all our decision-making and come to life through our Blue Culture. We offer our colleagues progressive careers, comprehensive training, flexibility, and other competitive benefits - these are some of the many reasons why we are one of Canada’s Top Employers, Canada’s Best Diversity Employers, Canada’s Greenest Employers & Canada’s Top Employers for Young People.

If you are unsure whether your experience matches every requirement above, we encourage you to apply anyway. We are looking for varied perspectives which include diverse experiences that we can add to our team.

We have a long-standing focus on diversity, equity and inclusion because we know it will make our company a better place to work and shop. We are committed to creating accessible environments for our colleagues, candidates and customers. Requests for accommodation due to a disability (which may be visible or invisible, temporary or permanent) can be made at any stage of application and employment. We encourage candidates to make their accommodation needs known so that we can provide equitable opportunities.

Please Note:
Candidates who are 18 years or older are required to complete a criminal background check. Details will be provided through the application process.