Director of Global Retirement Plans

McCormick & Company; Cockeysville (MD); Hybrid; USD 161,000 - 273,000; Full time

Benefits offered by this job

Competitive compensation

Flexibility and Support for Diverse St

Total Rewards programs including 401(k

Health insurance

Job summary

McCormick & Company, a global leader in herbs, spices, seasonings and condiments, is seeking a Director of Global Retirement Plans at our Hunt Valley, Maryland headquarters in a hybrid (50/50) role.

You will provide strategic leadership for global retirement programs, oversee governance, funding and investment strategies, and drive integration activities related to mergers, with cross‑functional collaboration.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Finance, Economics, Statistics, or related field.
• ASA, FSA, or equivalent qualified actuary designation.
• Significant progressive experience in pension consulting, actuarial services, corporate retirement plans, or related financial roles.
• Deep expertise in defined benefit plan valuation, funding, accounting, asset‑liability management, investments, and actuarial risk management.
• Experience with global or multi‑country retirement programs, including regulatory, tax, accounting, and governance considerations.
• Experience overseeing external actuarial consultants and evaluating complex technical analyses and recommendations.
• Demonstrated success leading complex transactions, integrations, plan transitions, or large‑scale transformation initiatives.
• Strong understanding of pension financial reporting, actuarial valuations, audits, and fiduciary or board‑level reporting.

Responsibilities

• Lead McCormick’s retirement plan integration activities, partnering with external advisors and cross-functional internal teams.
• Coordinate key decisions, milestones, risks, and communications to support plan readiness and transition.
• Review and guide recommendations related to plan design, funding, assumptions, governance, data, vendors, and implementation.
• Provide progress updates, issue escalation, and recommendations to leadership.
• Establish and maintain a consistent governance framework for global retirement plans, including policies, committee support, decision rights, and monitoring.
• Develop retirement plan strategies that balance employee needs, market competitiveness, financial stewardship, and risk management.
• Advise senior leadership and plan fiduciaries on significant retirement plan matters.
• Oversee pension funding, contribution forecasting, liquidity planning, and financial risk management in partnership with Finance and Treasury.
• Monitor investment strategy, asset allocation, manager performance, fees, funded status, and key plan risks with fiduciaries and external investment advisors.
• Evaluate de-risking and pension risk‑transfer opportunities, as appropriate.
• Lead pension forecasting, actuarial assumptions, accounting, disclosures, and audit support for quarterly, annual, and statutory reporting.

Skills

Leadership

Strategic thinking

Stakeholder management

Communication

Education

Bachelor’s degree in Actuarial Science, Mathematics, Finance, Economics, Statistics, or related field

ASA, FSA, or equivalent qualified actuary designation

Job description

You may know McCormick as a leader in herbs, spices, seasonings, and condiments – and we’re only getting started. At McCormick, we’re always looking for new people to bring their unique flavor to our team.

McCormick employees – all 14,000 of us across the world – are what makes this company a great place to work.

We are looking to hire a Director of Global Retirement Plansimmediately in a Hybrid (50/50) capacity at our Global Headquarters in Hunt Valley, Maryland.

What We Bring To The Table:

The best people deserve the best rewards. In addition to the benefits you’d expect from a global leader (401k, health insurance, paid time off, etc.) we also offer:

• Competitive compensation
• Flexibility and Support for Diverse Life Stages and Choices

Position Summary

The Director, Global Retirement Plans provides strategic leadership, governance, and financial oversight for McCormick’s global retirement programs. Initially, the role will lead McCormick’s internal retirement plan workstream for the proposed combination with Unilever Foods, coordinating external advisors and internal stakeholders to support a successful transition. Following integration, the Director will oversee the ongoing governance, funding, investment, compliance, financial reporting, and vendor management of McCormick’s retirement plans.

Key Responsibilities:

Transaction Integration

• Lead McCormick’s retirement plan integration activities, partnering with external advisors and cross-functional internal teams.
• Coordinate key decisions, milestones, risks, and communications to support plan readiness and transition.
• Review and guide recommendations related to plan design, funding, assumptions, governance, data, vendors, and implementation.
• Provide progress updates, issue escalation, and recommendations to leadership.

Global Plan Governance and Strategy

• Establish and maintain a consistent governance framework for global retirement plans, including policies, committee support, decision rights, and monitoring.
• Develop retirement plan strategies that balance employee needs, market competitiveness, financial stewardship, and risk management.
• Advise senior leadership and plan fiduciaries on significant retirement plan matters.

Funding, Investments, and Financial Management

• Oversee pension funding, contribution forecasting, liquidity planning, and financial risk management in partnership with Finance and Treasury.
• Monitor investment strategy, asset allocation, manager performance, fees, funded status, and key plan risks with fiduciaries and external investment advisors.
• Evaluate de-risking and pension risk‑transfer opportunities, as appropriate.
• Lead pension forecasting, actuarial assumptions, accounting, disclosures, and audit support for quarterly, annual, and statutory reporting.

Compliance, Vendors, and Stakeholders

• Ensure plans meet applicable legal, tax, accounting, fiduciary, and governance requirements across relevant countries.
• Oversee compliance activities, plan documentation, filings, audits, controls, and fiduciary processes.
• Manage relationships and performance of actuarial, investment, administrative, legal, and other retirement plan service providers.
• Partner closely with HR, Finance, Legal, Tax, Treasury, Payroll, IT, Communications, and regional teams to deliver effective plan administration and employee support.

Qualifications and Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Finance, Economics, Statistics, or related field.
• ASA, FSA, or equivalent qualified actuary designation required.
• Significant progressive experience in pension consulting, actuarial services, corporate retirement plans, or related financial roles.
• Deep expertise in defined benefit plan valuation, funding, accounting, asset‑liability management, investments, and actuarial risk management.
• Experience with global or multi‑country retirement programs, including regulatory, tax, accounting, and governance considerations.
• Experience overseeing external actuarial consultants and evaluating complex technical analyses and recommendations.
• Demonstrated success leading complex transactions, integrations, plan transitions, or large‑scale transformation initiatives.
• Strong understanding of pension financial reporting, actuarial valuations, audits, and fiduciary or board‑level reporting.
• Experience with pension de‑risking or risk‑transfer transactions is preferred.
• Strong strategic, analytical, communication, stakeholder‑management, and leadership skills.

As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future.

Salary Range: $160,500.00 - 273,000.00

Base salary compensation will be determined based on factors such as geographic location, skills, education, experience for this role, and/or internal equity of our current employees as part of any final offer. This position is also eligible to participate in McCormick’s Incentive Bonus (MIB) Plan/ McCormick’s Sales Incentive Bonus (SIB) Plan/ McCormick’s Dividend Program.

In addition to a competitive compensation package, permanent employees of McCormick are eligible for our extensive Total Rewards programs that include:

• Comprehensive health plans covering medical, vision, dental, life and disability benefits
• Family‑friendly benefits such as paid parental leave, fertility benefits, Employee Assistance Program, and caregiver support
• Retirement and investment programs including 401(k) and profit‑sharing plans

McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

WHY WORK AT MCCORMICK?

As a McCormick employee you’ll be empowered to focus on more than your individual responsibilities. You’ll have the opportunity to be part of something bigger than yourself—to have a say in where the company is going and how it’s growing.

Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.