Cummins

Regional Pension Investment Manager

Cummins$90K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Actuarial Sciences, Finance, or related field required
  • Certification as required by local regulations for the position
  • Significant prior experience in pension investment management including supervisory roles
  • Strong knowledge of ERISA, DOL, IRS regulations, and their impacts on benefits
  • Experience managing relationships with financial service providers and stakeholders.

Responsibilities

  • Manage daily investment operations including reconciliations and fund transfers
  • Conduct complex analysis of pension assets and liabilities for informed decision-making
  • Lead transition activities for investment managers or strategy changes
  • Oversee pension liquidity needs and coordinate funding with Treasury Operations
  • Ensure compliance with regulatory and audit requirements related to pension funding
  • Identify and implement process improvements in pension management activities
  • Collaborate with investment advisors and stakeholders to monitor performance and funding levels.

Benefits

  • Opportunity to work with diverse financial instruments and strategies
  • Possibility for professional development and obtaining relevant certifications
  • Access to a supportive leadership team and resources
  • Engagement in strategic decision-making processes within the company
  • Involvement in projects that enhance operational effectiveness in pension management.
Full Job Description
Job Description

We are looking for a talented Regional Pension Investment Manager to join our team specializing in Finance for Cummins Inc. in Columbus, IN.

In this role, you will make an impact in the following ways:
  • Drive accurate and efficient pension asset operations by managing daily investment activities, reconciliations, fund transfers, reporting, and payment processes to ensure smooth plan administration.
  • Provide critical financial insights through complex analysis of pension assets and liabilities, helping support informed investment and funding decisions.
  • Lead investment transition activities during manager or strategy changes, ensuring seamless movement of assets while minimizing operational and market risk.
  • Strengthen the financial stability of the pension plan by actively managing liquidity needs and coordinating funding activities with Treasury Operations.
  • Help protect the organization from regulatory and compliance risk by maintaining expertise in pension funding requirements, local regulations, SOX controls, and audit reporting standards.
  • Improve operational effectiveness by identifying and implementing process improvements that enhance reporting accuracy, transparency, and governance across pension management activities.
  • Influence strategic pension decisions by partnering closely with investment advisors, consultants, legal counsel, and committees to monitor funding levels, investment performance, and contractual agreements.
  • Deliver high-value regional support by leading projects, providing funded status updates to leadership committees, and making recommendations that support long-term pension and investment strategy.


Responsibilities

To be successful in this role you will need the following:
  • Build strong vendor management skills to ensure outsourced benefit plan providers deliver compliant, high-quality service and positive member experiences.
  • Develop advanced financial analysis capabilities to identify trends, assess risk, resolve variances, and provide actionable insights that support business decisions.
  • Strengthen your understanding of financial exposure and risk management strategies to help mitigate market volatility and protect pension plan performance.
  • Maintain deep knowledge of pension, accounting, tax, and financial regulations to ensure compliance and effectively guide stakeholders through complex requirements.
  • Communicate financial information clearly and effectively by delivering accurate reporting, summarizing key findings, and partnering with stakeholders to drive strategic outcomes.


Qualifications

Education, Licenses, Certifications:
  • College, university, or equivalent degree in Accounting, Actuarial Sciences, Finance, or related subject required.
  • Successfully complete all certifications that may be required in local jurisdiction for level of position and responsibilities held.

Experience:

Significant experience required, including supervisory experience.

Additional Responsibilities:
  • Maintains a strong understanding of benefits issues and the regulatory environment for employee and executive benefits including solid knowledge of ERISA and related DOL and IRS regulations, including SECURE Acts and the ability to understand the implementation and compliance impacts on the benefit plans
  • Manages strong relationships with custodian banks, investment managers, actuaries, record keepers and consultants
  • Partners with business units and other corporate functions to drive benefits strategy, communication and delivery of benefits programs
  • Drives continuous process improvements to improve benefits reporting and mitigate benefit risks throughout the organization
  • Supports monthly and periodic reporting to Corporate Accounting and Treasury Middle Office
  • Supports Risk Insurance and broker, Gallagher, throughout the year on the global fiduciary risk program - prepares presentation to underwriters for annual renewal and provide information and updates throughout the year
  • Manages all aspects of the funding and investment of the assets/insurance policies related to the U.S. Non-Qualified plans. Interacts and coordinates all activities with and between Empower/MTBG, insurers, investment consultants, custodians, actuaries, Corporate Accounting and CBS. Organizes and leads annual meeting with stakeholders. Works with CBS on cash flow forecasting and with consultants on investment monitoring, portfolio rebalancing, funded status analysis and asset/liability analysis. Responsible for compliance with investment policy and maintaining the policy.
  • Manages annual PwC corporate audit process and required SOx testing
  • Manages annual plan audits for U.S. DB and DC Plans


About Cummins

Cummins Power Generation is a world leader in the design and manufacture of power generation equipment, including PowerCommand standby and prime power systems. They also provide single-source warranty, planned maintenance, and round-the-clock emergency service 24 hours a day, seven days a week including back-up power rental through their network of distributors. Part of the world-wide power systems business which has annual sales of more than $1.2 billion, Cummins Power Generation's strength comes from being a division of Cummins Inc. Cummins Power Generation has unique expertise in that all aspects of generator set design, manufacture and service have been brought together in one company. All the major components - the engine, alternator and control systems - are manufactured by divisions of Cummins. This integral approach means each element of a generating set is matched to work in harmony from the start. Providing what the customer wants is at the core of Cummins' manufacturing philosophy. For generating set customers this means a choice of mobile, stationary, open or sound attenuated versions is available for all models.

Cummins Careers

Join the dynamic world of Cummins, a global leader in power solutions, where innovation and leadership drive our mission to power a more prosperous world. At Cummins, we offer unparalleled job opportunities in engineering, technology, and business management, making it an ideal place for professionals seeking meaningful and impactful careers. Work You’ll Do At Cummins, you’ll be part of a team that values diversity and is committed to creating inclusive growth opportunities for all employees. Our culture thrives on intellectual curiosity, cognitive diversity, and bringing your whole self to work. We believe in your potential and encourage every team member to reach their personal and professional goals. Join our industry-leading team to help develop groundbreaking solutions and technologies that impact markets and communities across the globe. Your work at Cummins will not only contribute to global innovation but also ensure sustainable practices that benefit future generations. Professional Growth and Development Cummins is dedicated to the professional growth of its employees. We offer a variety of leadership and diversity training programs designed to enhance your skills and advance your career. From hands-on internships for emerging talents to leadership programs for seasoned professionals, Cummins provides resources and global opportunities to learn, thrive, and lead in your respective field. Innovative Work Environment Our commitment to innovation is at the core of what we do. At Cummins, you will collaborate with skilled colleagues who are eager to share knowledge and ideas. We foster an environment where creative thinking and proactive leadership are encouraged, driving us forward in the areas of clean energy and environmental sustainability. Benefits and Culture Cummins employees enjoy a range of benefits designed to support their physical, financial, and emotional well-being. Among these are comprehensive health care options, competitive retirement plans, and flexible work arrangements. Our supportive culture champions community involvement and a work-life balance that accommodates the diverse needs of our team members. Join Our Team Explore the numerous job opportunities at Cummins where your skills and interests can be matched with the right position, helping you to excel. We are continuously hiring and looking for ambitious, curious, and innovative individuals ready to make a significant impact. Stay Connected Keep up to date with the latest at Cummins by following our careers blog. Gain insights from insiders, learn about our employment practices, and discover how our team is leading the charge in global power solutions. Job Alert Emails Customize your experience by subscribing to Cummins job alerts. Receive updates on new postings, company news, and insider tips directly tailored to your career interests. See what exciting and rewarding opportunities await at Cummins. At Cummins, your career is just beginning. Join us, and power your potential on a global stage.
Learn more about Cummins
Size
59,900 employees
Market Cap
$34.3 billion
Industry
Net Income
$1.7 billion
Founded
1919
5 Year Trend
+6.5%
Revenue
$19.8 billion
NASDAQ

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