PPL Corporation

Mgr - Investments & Pensions

Allentown, PA

full_time

About This Job

Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.

Overview

The Manager - Investments & Pensions manages the investment and administrative activities of the Company's Defined Benefit (DB) Pension Plans, Savings Plans; and other assets related to post retirement welfare benefits and the PPL Foundation. This position works closely with outside consultants, advisors and actuaries, and the Company’s Human Resources, Office of General Counsel, Treasury and Accounting Departments to assess Plan liabilities and the benefit/risk of investment strategies.

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Responsibilities

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Provides oversight to the Company’s Pension Plans to ensure that sufficient assets are available to pay benefits, when they are due , at the appropriate balance between cost and risk to the corporation. In accomplishing the above, the incumbent must work with selected consultants and advisors to: 1) establish appropriate long-term investment objectives and, on a current basis, establish and supervise the implementation of an investment strategy to achieve those objectives consistent with the corporation's then circumstances; 2) make recommendations regarding the allocation of assets among various investment alternatives such as stocks, bonds, real estate, or cash equivalents; 3) develop and manage the communication of sound and consistent investment policy guidelines for selected investment managers to pursue in order to achieve overall Plan objectives; 4) manage the process for selecting, directing, and monitoring qualified investment managers necessary to achieve overall Plan objectives; and 5) manage all day to day administrative responsibilities for the administration of the pension plans.

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Work with the Company's advisors to provide direction to the Employee Benefit Plan Board (EBPB) or senior management so that it may make decisions which will ensure that the Company can meet its financial obligations to retirees and other third party beneficiaries consistent with maintaining a relatively stable funded status of the pension plans on the various regulatory and financial measures. This includes the following: 1) evaluate the impact of pension liabilities and costs on the financial condition of the company within the guidelines of sound actuarial funding principles; 2) assist in establishing goals for funding policy; 3) develop and monitor standards to measure funding progress in achieving such goals; and 4) recommend an appropriate course of action to the Company or the EBPB, as necessary.

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Work with consultants to diligence, monitor and make recommendations regarding the investment options for the Company sponsored Savings Plans. Provide oversight and serve as the primary contact with Trustee and Recordkeeper in the management of Company sponsored Savings Plans.

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Work with consultants to develop and provide investment management expertise and oversight for post-retirement welfare trusts, commonly known as VEBA's and the PPL Foundation investments.

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Provides administrative direction to assure that Plans are managed effectively, prudently, and in full compliance with the Employee Retirement Income Security Act of 1974 (ERISA) and all other applicable laws and regulations.

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Performs other duties as assigned.

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Complies with all policies and standards

Qualifications Basic Qualifications

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Bachelor's Degree in business, finance, accounting, or related area

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7+ years of finance and treasury experience

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Solid understanding of quantitative tools and techniques

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Strong financial acumen

Preferred Qualifications

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MBA

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CPA, CTP or CFA certification.

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12 years of finance and treasury experience including experience in derivatives, risk mitigation strategies, and investing.

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Excellent communication skills.

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Broad exposure to a variety of investment vehicles.

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Experience in managing relationships with investment bankers and investment managers

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Experience overseeing risk exposure across investments.

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Strong manager and leader who will have immediate credibility throughout the organization and with consultants, advisors, trustees, Board of Directors, and various other parties - both internal and external.

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Team player who relates easily to all levels of management and has the stature and communication skills to be effective at all levels of the organization.

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