Sr. Manager, Total Rewards Global Risk

June 26, 2019
Englewood Cliffs, NJ
Job Type


Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of innovative and fascinating businesses and create career opportunities across a wide range of locations and disciplines. We are at the forefront of change and move at an amazing pace, thanks to our remarkable people, who bring cutting-edge products and services to life for millions of customers every day. If you share in our passion for teamwork, our vision to revolutionize industries and our goal to lead the future in media and technology, we want you to fast-forward your career at Comcast.

Job Overview

This position will report to the Senior Director, Total Rewards Global Risk in the Total Rewards Department. The Senior Manager will support the oversight of global benefit plans' assets and liabilities of operating companies throughout the Comcast enterprise including NBCUniversal from a risk, financing and investment perspective.

Major Areas Of Accountability/Responsibility

  • Manage the financing/risk management of global employee benefits with a captive; manage all fronting carriers/networks relationships including reporting, the annual reinsurance of global benefit policies, management of loss control activities, assisting with loss analyses and budgets, identifying exposures, recommending solutions for mitigating losses that may arise from exposures, implementing approved programs, promoting loss prevention, updating and monitoring compliance. Support the quarterly reinsurance committee of the Risk Management Committee.
  • Manage the oversight of multi-employer retirement plans, working with investment consultants and/or actuaries to identify and prioritize key risks, risk mitigation strategies and risk monitoring on an ongoing basis.
  • Collaborate with Comcast and NBCUniversal Labor Relations teams to support collective bargaining of union benefits. Participate as company trustee for Jointly trusteed plans, as needed.
  • Manage the day to day benefit investment activities (including the investment management of the Corporate Owned Life Insurance, "COLI"). Work with trustees to set up and provide direction on the processing of asset movement, and expense payment processing; Monitor liquidity buffer accounts where applicable in defined contribution investment options; Work with custodians and administrators to ensure daily accruals are calculated correctly on all defined contribution investment options.
  • Support and co-lead with global benefits any strategic initiatives from a financing, risk and investment perspective including, but not limited to, creative financings such as using a captive, corporate-owned life insurance to finance benefit programs, and managing risk transfers including lump sums and annuity purchases.
  • Assist with local International Investment Committees including, but not limited to, Puerto Rico, Canada, and Mexico by leading the agenda and project planning. Communicate with partners, investment consultants and global actuary in ensuring all fiduciary compliance is met. Manage the investment consultant relationship(s).
  • Working with the Senior Director, Total Rewards Global Risk and external Investment Consultant(s) to support the selection, monitoring and, if necessary, replacement of investment managers, trustees and custodians on a worldwide basis for retirement plans. Terminate managers, as needed, and work with custodian and transition manager to ensure seamless movement of assets from terminated manager to new manager; Review all legal documents before hiring a new manager into the plan (Investment Manager Agreements, Form ADVs, Declaration of Trust/Participation Agreement, Investment Manager Guidelines, Securities Lending Policy, Fees, etc.)
  • May manage or assist with the various special projects including assessing staffing needs (contractors, project managers, consultants) for
  • Preparation of Request for Proposals ("RFPs") for benefit plan providers, investment consultants, actuaries, administrators, record keepers, trustees, and other service providers; Assist in the analysis and review of responses
  • Management of risk and investment related assessments and actions for global acquisitions, organic growth into new countries or regions
  • Management of legacy plan harmonization, termination and risk transfer projects and activities including selecting insurers to ensure proper alignment of benefit and retirement plans to company strategy and cost structure
  • Management/partnership of special studies and cross functional projects
  • Consistent exercise of independent judgment and discretion in matters

of significance.

  • Regular, consistent and punctual attendance. Must be able to work

nights and weekends, variable schedule(s) as necessary.

  • Other duties and responsibilities as assigned.

Employees At All Levels Are Expected To

  • Understand our Operating Principles; make them the guidelines for how you do your job
  • Own the customer experience-think and act in ways that put our customers first, give them seamless digital options at every touchpoint, and make them promoters of our products and services
  • Know your stuff-be enthusiastic learners, users and advocates of our game-changing technology, products and services, especially our digital tools and experiences
  • Win as team-make big things happen by working together and being open to new ideas
  • Be an active part of the Net Promoter System-a way of working that brings more employee and customer feedback into the company-by joining huddles, making callbacks and helping us elevate opportunities to do better for our customers
  • Drive results and growth
  • Respect and promote inclusion and diversity
  • Do what's right for each other, our customers, investors and our communities

Basic Qualifications

  • Bachelor's degree in Finance or Human Resources or related field. MBA or master's degree preferred.
  • 7+ years of relevant experience
  • Strong executive presence and communication skills
  • Must be willing to work in Philadelphia; however, other work locations may be considered
  • Willingness to travel to other site locations globally
  • Unsurpassed record of establishing integrity, credibility, and rapport with HR, Finance, Treasury and client teams.
  • Must be very detail oriented and have the ability to multi-task in a fast paced environment.
  • Demonstrated ability to design and deliver high quality, effective presentations and training programs to diverse audiences.
  • Ability to maintain a high level of confidentiality.
  • Strong work ethic and commitment to the Company's Code of Ethics
  • Ability to manage conflict and bring issues to resolution

Job Specification

  • Bachelors Degree or Equivalent
  • Generally requires 8-11 years related experience

Comcast is anEOE/Veterans/Disabled/LGBT employer and all qualified applicants will receive consideration for employment without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex or any other legally protected category.

Company Description

We're a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ largest video, high-speed internet, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights.

Related Jobs