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Sr Advisor Executive Compensation Products

National Rural Electric Cooperative Association (NRECA)

in Arlington VA

Logo for National Rural Electric Cooperative Association (NRECA)

The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America’s electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:

  • Top Workplace by the Washington Post
  • 100 Best Places to Work - ComputerWorld Magazine
  • 50 Best Places to Work - The Washingtonian
  • CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
  • Best Place to Work Award Recipient - Lincoln, NE
  • Gold Well Workplace - Wellness Councils of America
  • State of NE Governor's Wellness Award - Grower Level

At NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each person’s overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data

Summary
Sr Advisor Executive Compensation Products 

Provides consultation services to co-op management and boards of directors to administer and increase participation in NRECA’s nonqualified deferred compensation program.  This position interacts directly with C-suite executives, and HR professionals at member cooperatives to provide expert guidance on how nonqualified executive compensation plans can be used most effectively based on their related business/tax objectives.  These plans include products to restore benefits restricted in qualified defined benefit and defined contribution plans, performance incentive plans, and salary deferral plans.   In addition, this position is accountable for enhancing the overall reputation of NRECA by providing extraordinary customer service to many of the most influential decision makers at our member cooperatives.

Purpose and Mission

  • Manages an assigned region of co-ops, based on field representative territories, with the goal of providing effective servicing of existing relationships, as well as expanding the deferred compensation program.  Provides services to all co-ops and participants across the nation.  
  • Interprets the business goal of each customer (e.g., attract, retain, and/or reward executives or key personnel) and recommends an appropriate deferred compensation program (or combination of programs) that best suits the co-op’s business needs
  • Educates co-op management, boards of directors, and plan participants on the features and benefits of nonqualified deferred compensation plans
  • Prepares analyses and conducts presentations covering pension, 401(k) and executive compensation retirement products to NRECA leadership, relationship management, CEOs and Boards of Directors.
  • Designs, develops and implements executive compensation and benefit restoration products to resolve business challenges facing our cooperative members with respect to attraction, retention and rewarding of executives and key employees.
  • Recommends strategies to manage an integrated qualified and nonqualified retirement product program geared toward cost-effective account administration and ease of use.
  • Ensures the accuracy and timely delivery of all reporting and communications related to NRECA’s deferred compensation programs.
  • Manages and coordinates the annual invoicing process, required actuarial reporting, and program data and statistics.
  • Works closely with the Director of Retirement Products, Manager of Executive Compensation Benefits, NRECA’s General Counsel’s Office (legal and compliance) and NRECA’s actuarial team to deliver high quality supplemental retirement programs to the membership.
  • Works with NRECA’s General Counsel (legal and compliance) to maintain and revise prototype plan documents, contract forms and other documents necessary for new implementations as well as changes being made by existing clients.
  • Maintains an in-depth knowledge of the rules and regulations related to executive compensation benefit plans in order to provide the most current and accurate guidance to both the membership and NRECA staff. Remain current on related proposed and final statutory and regulatory changes.
  • Maintains all historical executive compensation data in accurate and usable form. Review and update executive status changes.
  • Responsible for the proper security and disposal of any confidential information that he or she may possess in the course of performing this position’s job duties, in accordance with NRECA’s Personnel & Administrative Policy and HIPAA Privacy and Security Policies & Procedures Manuals. 

Requirements and Qualifications

Formal Education Required:

  • Bachelor’s degree in Accounting, business, finance or related field. Applicable Industry designation preferable (e.g., CEBS).

Experience Required:

  • 8 years of experience in retirement benefits and/or executive deferred compensation, or similar analytical role, retirement plan administration.

Knowledge, Skills and Abilities Required:

  • Knowledge of ERISA, IRS and DOL regulations and laws related to the defined contribution and defined benefit plan administration as demonstrated by prior work experience.
  • Ability to communicate, both verbally and in writing, with a diverse membership, employees and/or vendors in a clear and precise manner as demonstrated by prior work experience.
  • Ability to travel as demonstrated by prior work experience.
  • Ability to operate various office equipment such as personal computer, copier, printer, fax machine or other job related equipment as demonstrated by prior work experience.
  • Ability to develop and deliver presentations and training workshops as demonstrated by prior work experience.
  • Ability to define issues, establish facts and draw valid conclusions and apply to work environment as demonstrated by prior work experience.
  • Ability to be persuasive, negotiate, and collaborate with individuals at all levels inside and outside of the organization as demonstrated by prior work experience.
  • Ability to use Microsoft Office tools (Excel, Word, Outlook, PowerPoint) in the day-to-day essential duties of the job as demonstrated by prior work experience.
  • Ability to lead certain projects, effectively interact with others and work in a team environment and providing follow-up when needed as demonstrated by prior work experience.
  • Ability to manage competing deadlines and multiple projects at various stages of development using effective organization skills and attention to detail as demonstrated by prior work experience. 
  • Interpersonal skills, member service orientation and ability to work in a team environment as demonstrated by prior work experience.

ADA Requirements:

  • The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
  • Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.

Disclaimer Statement: The preceding job description has been written to reflect management’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.

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