Details

Contract

Full-Time

Location

Lausanne, Switzerland

Department

Finance

Openings

1

Job ID

37481003

At PMI, we’ve chosen to do something incredible. We’re totally transforming our business and building our future on smoke-free products with the power to improve the lives of a billion smokers worldwide. With huge change, comes huge opportunity. So, wherever you join us, you’ll enjoy the freedom to dream up and deliver better, brighter solutions and the space to move your career forward in endlessly different directions. 1. Purpose of the Job The Head of Benefits, Investment and Pension is responsible to manage and coordinate all aspects of PMI pension funds worldwide in a manner that complies with corporate and market requirements and provides a superior rate of return for all pension funds worldwide. 2. Principal Accountabilities PENSION PROJECTS - Provide effective expert advice and support to PMI Benefits, local project teams and/or Trustees with respect to the implementation of new or alternative pension plan structures and to the preparation of proposals for senior PMI management approval. In this context, manage the selection process of prospective pension providers worldwide by leveraging PMI’s position with global service providers (financial institutions and insurers) to achieve economies of scale, negotiate optimum contractual terms and conditions, and oversee the effective implementation of the new structures. Conduct special projects as directed, research and keep abreast of pension funds related legal and market developments and practices and assess relevance to recommend enhancements or changes to plans structures. ASSETS INVESTMENTS - Formulate investment strategies and oversee the investments of all PMI corporate Defined Benefits (DB) and Defined Contribution (DC) plans worldwide. Direct implementation of optimum portfolios and investment choices for all PMI DB and DC pension plans to ensure superior rates of return. Proactively evaluate alternative investment instruments as potential substitutes for existing pension portfolios to improve plans’ return and/or mitigate underlying risks and exposures and strengthen PMI pension funds competitiveness. Advise and train PMI pension Trustees on all matters relating to pension management, investments and governance. MONITORING - Direct the review and monitoring of the funding status, cash flow and rates of return of PMI pension plans worldwide and ensure that corrective investment or funding actions are implemented. Responsible for systems development and for reporting tool guidelines related to record-keeping, performance analysis and other relevant pension data. ACTUARIAL VALUATION AND ALM STUDIES - Direct strategic Asset Liability Modeling studies across PMI to ensure that present and future funded DB pension liabilities are met through an optimum asset allocation. Provide effective advice to PMI Trustees to ensure the accurateness and consistency of the various actuarial and financial assumptions. Review, and validate actuarial and financial assumptions for US GAAP pension reporting purposes and ensure that PMI year-end reporting requirements are adhered to by relevant PMI affiliates. Direct the discussion with external auditors and supervise/validate key financial disclosures. FIDUCIARY ROLE– Active member of pension and investments Committees. Active participation to major plans’ Board of Trustees. Set up and monitor PMI’s Pension Governance across the globe. 3. Skills and Competencies 3.1 Education and work experience • University degree in Finance and/or Economics, actuarial Science (must), statistics or equivalent • 10 years of proven experience in Pension and retirement benefits, Pension actuarial function, asset investments, or any combination of these. • Relevant skills in: o Actuarial firm and pension actuarial valuation o Finance and accounting, including US GAAP standards o Occupational pensions in Switzerland o Fast Moving Consumer Goods (FMGC) 3.2. Other skills • Excellent level of French and English (written and verbal) • Strategic thinking • Strong analytical and problem-solving skills • Curiosity, highly collaborative • Strong managerial skills to motivate and direct others • Clear and constructive communication and presentation skills Capabilities to prioritize work to meet changing requirements What we offer We genuinely care about our people and we show this through living out our Employee Brand each and every day. It’s what connects every colleague in every market. In additional to a competitive salary and benefits package, we offer a fantastic office environment and look to ensure you have the best work-life balance possible. Our success depends on the people who come to work every single day with a sense of purpose and an appetite for progress. Join PMI and you too can: • Seize the freedom to define your future and ours. We’ll empower you to take risks, experiment and explore. • Be part of an inclusive, diverse culture, where everyone’s contribution is respected; collaborate with some of the world’s best people and feel like you belong. • Pursue your ambitions and develop your skills with a global business – our staggering size and scale provides endless opportunities to progress. • Take pride in delivering our promise to society: to improve the lives of a billion smokers. #LIJobs

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