Career Area:

Finance

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other.  We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Caterpillar’s Employee Benefit Funds (“EBF”) team is an important part of our Corporate Treasury organization, managing over $30 billion in various retirement and benefit plan assets.  The EBF team is responsible for advising the Benefit Funds Committee (“BFC”), the investment committee with fiduciary oversight over all financial aspects of the benefit plan investment portfolios.  Defined Contribution plans (401(k)) are the primary retirement savings vehicle for our U.S. participants, with more than 65,000 current and former employees investing over $19 billion in assets.

We are looking for a talented and motivated Senior Benefit Investments Manager to join our EBF team, with responsibility to oversee the investment and compliance aspects of our defined contribution plans.  This role will have broad responsibility in helping to ensure that the 401(k) plans and the individual investment menu options meet their objectives and the needs of our participants.  The Senior Benefit Investment Manager will lead their team to deliver sustained process excellence through strong governance, documentation standards, thorough benchmarking, diligent fee negotiations, oversight of investment managers and service providers, and continuous adoption of best practice solutions.

Additional Responsibilities for the role include but are not limited to:

• Exercises primary responsibility for the management of the Caterpillar U.S. Defined Contribution Plan’s investment assets according to the policy established by the Caterpillar Benefit Funds Committee (BFC).
• Works in conjunction with the BFC to develop and implement a comprehensive strategy for the investment and ongoing monitoring of DC Plan assets to enable a secure retirement for Caterpillar plan participants.
• Works closely with investment consultants, directed trustee and custodian, recordkeepers, investment managers, and internal partners in Total Rewards and Accounting to ensure smooth plan administration and compliance.
• Performs on-going due diligence reviews of investment manager performance and risk against policy objectives and benchmarks, compliance with agreements and investment guidelines, and evaluation of plan fees and expenses.  
• Stays informed of the regulatory environment, trends, and best practices in the defined contribution industry and provides insight and recommendations to the BFC as needed.
• Performs periodic asset class reviews with assistance of external consultant and presents results to the BFC.
• Leads periodic Requests for Proposals (RFPs) for investment managers and external service providers as necessary, including the negotiation of investment management agreements, contracts, and other documentation with the assistance of ERISA counsel.
• Supports the development and ongoing production of investment reporting and dashboards

What you have:

• Superior Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision
• Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in a simple, clear language appropriate to the audience
• Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgement
• Relationship Management: Knowledge of relationship management techniques; ability to establish and maintain healthy working relationships with vendors and peers; ability to guide the workflow of outside service providers
• Team Management: Knowledge of effective team building techniques; ability to form and manage effective teams; ability to lead, develop, and mentor finance analyst(s)
• Fund Performance Analysis: Knowledge of fund activity and performance analysis; ability to analyze fund performance and risk through reporting practices, processes and techniques
• Investments: Knowledge of investments; ability to analyze and evaluate asset types, market and industry trends, major issues and regulatory considerations
• Regulatory Environment: Knowledge of regulatory environment and reporting requirements for defined contribution plans, including the potential impact to the investment portfolio and operations; ability to help an organization comply with regulations; develop and follow organization-specific policies and guidelines

Required Qualifications:

• Bachelor's degree, preferably in Finance, Economics, or a related field and with strong academic credentials
• Minimum of 5 years of experience in financial markets, investments, corporate finance, or risk management
• Direct employee leadership experience
• Willingness and ability to travel

Top Candidates Will Also Have:

• Highest level of integrity, honesty, and commitment
• Broad understanding of economics and financial markets
• Advanced knowledge of public market asset classes, risks, investment strategies, and performance attribution
• Knowledge of private market asset classes, risks, investment strategies, investment structures, and performance attribution
• Experience conducting due diligence on institutional asset managers and investment strategies, selecting asset managers, establishing investment guidelines, and negotiating investment manager agreements
• Strong operations governance with a focus on risk management, process excellence, and controls
• Experience working with auditors and external services providers such as trustees/custodians, consultants, and investment managers
• Demonstrated commitment to ongoing personal development and intellectual curiosity.  Completion of the Chartered Financial Analyst (CFA) designation or an advanced degree will add value in this role.
• Proficiency in Microsoft Office, including Microsoft BI and advanced Excel 
• Working knowledge of Bloomberg and other data services or investment analytics systems
• Excellent written and verbal communication skills, with ability to influence decisions
• Ability to collaborate effectively and build relationships with both internal and external stakeholders
• Strong project management skills and the ability to independently lead and execute multiple competing priorities to completion
• Excellent research and strategic thinking skills.

Additional Details

• This position can be located at our offices in Peoria, IL; Irving, TX, or Nashville, TN
• Domestic relocation is available for those who qualify
• VISA sponsorship is not offered for this role
• This role requires up to 25% travel depending on leader and team locations
• Flexible work environment with hybrid approach of both in-person and online work.

The Opportunity

This role provides supply network solutions expertise, using Quality, Cost, Logistics, Development, and Management (QCLDM) to deliver maximum value.

What you will do

• Developing, managing, and executing the category strategy managing policies, agreements, source catalogs, and special procurement programs.
• Recognizing the potential for cost decreases, inventory reductions and quality improvement, as well as responsibility for soundness of business proposals and risk assessment.
• Acting as the liaison between the organization and the supplier to communicate information explicitly, while considering production demands and suppliers' conditions.
• Documenting the suppliers' performance on time sensitiveness and production; maintains a strong relationship with suppliers.
• Support North America region .

Related Skills and Experience

• Data Analytics - Intermediate Experience - Advises stakeholders on the relationship between financial, performance, and operational data; anticipates operational challenges of data collection and its integration with decision-making.
• Effective Communications - Intermediate Experience - Reviews others' writing or presentations and provides feedback and coaching; adapts documents and presentations for the intended audience.
• Negotiating - Intermediate Experience - Ensures negotiators have awareness of complementary yet diverse interests; successfully completes significant negotiations, both internal and external.
• Contracts Management and Administration - Working Knowledge - Knowledge of policies, standards, and processes of how to manage and administer contracts; ability to use proper processes and practices for managing and administering a variety of contractual agreements.
• Purchasing Tasks and Activities - Working Knowledge - Knowledge of policies, regulations, and processes of purchasing; ability to use practices and procedures for procurement of materials, components, equipment, and services.
• Supplier Relationship Management - Intermediate Experience - Knowledge of supplier relationship management concept and strategies; ability to address critical issues to meet supplier needs and maintain engaged, partnering relationship with suppliers.

Experience Requirements

• Degree or equivalent experience desired

Top Candidates Additional Information:

• Experience in Process improvement and/or Project Management 
• Bachelor’s degree (Business, Logistics or Supply Chain) 
• 3-5 years of relative experience supporting procurement functions

Additional Information 

• This position requires 25% or less travel. 
• This position is to work at Peoria & Wamego.

About Caterpillar: 

Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.

Relocation is available for this position. Visa Sponsorship is not available for this position. This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as, H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at www.caterpillar.com/careers.

Additional Information:

This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at www.Caterpillar.com/Careers.

Employee benefit details

Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world.

Here you earn more than just an hourly wage because we value your performance, we offer a total rewards package that provides day one benefits (medical, dental, vision, RX, and 401K) along with the potential of a monthly bonus.

Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

Final details

Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application – please use the candidate log-in on our career website as it will reflect any updates to your status.

#LI

Relocation is available for this position.

Visa Sponsorship is not available for this position. This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as, H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at www.caterpillar.com/careers.

Posting Dates:

September 9, 2024 - September 23, 2024

Any offer of employment is conditioned upon the successful completion of a drug screen.   

EEO/AA Employer.  All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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