About PepsiCo

PepsiCo is one of the world's leading food and beverage companies, with a diverse portfolio that includes iconic brands like Pepsi, Gatorade, Lay's, Quaker, and Tropicana. Headquartered in Purchase, New York, PepsiCo operates globally, employing over 300,000 people and generating annual revenues exceeding $86 billion. The company is committed to sustainable growth, innovation, and creating a positive impact on the world through initiatives like PepsiCo Positive (pep+), which focuses on environmental sustainability, healthier products, and empowered communities. PepsiCo's HR function plays a pivotal role in attracting top talent and fostering an inclusive culture where employees thrive.

Role Overview

The Total Rewards Manager position at PepsiCo in Purchase, New York, is a critical leadership role within the North America retirement agenda. This onsite position (also available in Plano, TX) supports the administration, compliance, and optimization of defined benefit (DB) plans in the U.S. and Puerto Rico, as well as the Employee Stock Purchase Program (ESPP). With PepsiCo managing approximately $20 billion in DB pension assets for 150,000 participants and 20,000 ESPP participants, this role demands precision, strategic insight, and cross-functional collaboration. Reporting to senior HR leadership, you'll partner with the Retirement Center of Excellence (CoE), Global HR Operations, IT, Treasury, Tax, Controls, and Legal to drive excellence in execution.

Key Responsibilities

Oversee DB Plans and ESPP Administration

Lead day-to-day administration and compliance for U.S. and Puerto Rico DB plans and ESPP. Partner with vendors and stakeholders to manage programs, resolve issues, and optimize operations for efficiency and participant satisfaction.

Drive Projects and M&A Activities

Collaborate with the Retirement CoE on DB data enhancement projects and M&A initiatives. Lead implementations with a focus on flawless execution, delivering monthly progress updates and vendor scorecards to ensure accountability.

Manage Claims, Appeals, and Documentation

Oversee the Claims and Appeals process across DB and DC plans. Build and maintain the Operations Manual and Training/Documentation Library in partnership with the Communications CoE.

Support Valuations, Audits, and Team Leadership

Contribute to the annual valuation process, provide audit support as a subject matter expert (SME), and manage an Associate Manager specializing in DB operations. Handle additional duties as assigned in this dynamic environment.

Qualifications & Requirements

To succeed in this role, candidates must hold a Bachelor's Degree and possess 8+ years of experience in actuarial, pension, or retirement services. A solid foundation in DB retirement plan operations, funding, valuations, and accounting is essential, complemented by deep actuarial expertise with U.S. pension plans. Demonstrated excellence in execution, high attention to detail, and organizational skills are non-negotiable. You should thrive independently in a fast-paced, high-volume setting, with the ability to identify problems, analyze issues, and recommend solutions swiftly. Strong financial acumen, project management, vendor management, and proficiency in MS PowerPoint and Excel are required. Excellent collaboration skills to build relationships across functions, plus Spanish proficiency, will set you apart.

Benefits & Perks

PepsiCo offers a total rewards package designed to support your well-being and financial security. The base salary range is $110,700 - $185,250, determined by location, skills, experience, and education. Eligible employees receive a 12% target performance bonus paid annually. Enjoy generous paid time off, including parental leave, vacation, sick, and bereavement. Comprehensive benefits include medical, dental, vision, disability coverage, Health and Dependent Care Reimbursement Accounts, Employee Assistance Program (EAP), accident, group legal, and life insurance. Participation in a Defined Contribution Retirement Plan further enhances long-term savings.

Career Growth

At PepsiCo, career advancement is a reality for high performers. This Total Rewards Manager role provides exposure to enterprise-wide HR operations, strategic projects, and senior leadership. Develop expertise in global retirement strategies, vendor negotiations, and compliance in a Fortune 500 environment. PepsiCo invests in employee development through training, mentorship, and internal mobility programs, positioning you for future roles in HR leadership, total rewards strategy, or beyond.

Why Join Us

Joining PepsiCo means becoming part of a purpose-driven organization that values diversity, equity, and inclusion. As an Equal Opportunity Employer, PepsiCo considers qualified applicants with criminal histories per applicable laws and provides accommodations for disabilities. Work onsite in vibrant Purchase, New York, with access to world-class facilities and collaborative teams. Contribute to managing a $20Bn pension portfolio while enjoying competitive pay, robust benefits, and the stability of a global leader in consumer goods.

Role FAQs

Is this role remote?

No, this is an onsite role in Purchase, NY, or Plano, TX.

What is the salary range?

$110,700 - $185,250 USD, plus 12% bonus potential.

Does PepsiCo require specific certifications?

Actuarial or pension credentials are highly valued but not explicitly required beyond 8+ years of experience.

Is relocation assistance provided?

Contact your recruiter for details on relocation support.

This role offers a unique opportunity to shape PepsiCo's retirement programs. Apply today to bring your expertise to a world-class team.