Job Abstract

.Phillips 66 & YOU - Together we can fuel the future

The Advisor, Total Rewards (Pension & Savings) is the company-recognized expert and consultant for the strategy, design, and compliance of the Pension and Savings plans of Phillips 66. The successful candidate will lead the design and delivery of competitive, valued, and cost-efficient Pension and Savings plans primarily for U.S. based employees.  Responsibilities include working with internal and external partners to benchmark, design and successfully implement changes to existing plans, leading interdisciplinary project teams, and forming a comprehensive multi-year strategy for assigned plans. These efforts encompass the evaluation, planning, corporate approvals, communications, vendor management, post-implementation audits, financial forecasting, plan audits, etc. but not ongoing administration. The Advisor, Total Rewards represents the Company both internally and externally in related benefit matters.  

Responsibilities May Include:

• Analyzing, benchmarking, and evaluating existing plans
• Developing unique recommendations and solutions to complex issues for review by senior management
• Facilitating input from various stakeholders on the value, design and effectiveness of plans, including recommendations for labor contract negotiations
• Coordinating the selection, management and performance review of external consultants, brokers, trustees, vendors, etc
• Ensuring compliance with all applicable legal requirements and managing plan audits, both internal and external. Includes 10-Q, 10-K, 11-K, 5500, PBGC, SOX, Annual Funding Notice, Summary Annual Report, Nondiscrimination Testing, etc
• Collaborating with legal and tax to track and understand new legislation and regulations to ensure plan compliance
• Developing a strategic vision including short- and long-range plans
• Managing the communications, training and guidance on plan compliance requirements for administration
• Monitoring, forecasting and trend analysis of benefit costs including collaboration with internal stakeholders (Treasury, Policy, Legal, HR Operations)
• Serving as an expert advisor to resolve formal claims, lawsuits or agency interventions
• Supporting the Plan Administrator and Benefits Committee
• Supporting Executive Compensation in the preparation of the annual proxy relating to Pension and Savings plan benefits
• Conducting due diligence regarding M&A activities
• Managing the design and delivery of Health & Welfare and Retirement benefits in Canada
• Managing the design and delivery of Severance benefits in the U.S

Required Qualifications: 

• Legally authorized to work in the job posting country
• Bachelors Degree
• 7 or more years of experience in Benefits, benefits consulting, or Human Resources

Preferred Qualifications: 

• Accounting, Business, Finance, or Human Resources degree emphasis  
• CEBS, CPA,  PHR / SPHR, or other Human Resources, Benefits, or Finance/Accounting  certifications
• Masters Degree (MBA, JD, etc.)

Total Rewards

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.

To be considered

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 07/23/2024.

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1).  Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.