Senior Manager, Benefits | Hybrid NY

Benefits

The Benefits Senior Manager will be providing support for the Benefits Administration, Benefits Renewal Strategy and ensuring the successful completion of Open Enrollment process.

Duties And Responsibilities

• Aid in the development and execution of a comprehensive benefits strategy that aligns with the organization's goals, culture, and budget which includes but not limited to; 401K, medical, dental, vision, life insurance, FMLA, and disability.
• Collaborate with HR senior leadership and the Benefits Committee to design and implement benefits programs that address the needs of our diverse workforce.
• Possess a superior technical knowledge of the workings of group insurance plans – plan documents, summary plan descriptions and other insurance mechanisms.
• Monitor the effectiveness and utilization of benefits programs, conducting regular audits and assessments to ensure compliance with legal and regulatory requirements.
• Coordinate health, dental, vision, life, and retirement insurance renewal process with assistance from brokers.
• Conduct market research and benchmarking to ensure our benefits offerings remain competitive and attractive to current and potential employees.
• Support the open enrollment process from finalizing the employee interface to advising the Shared Services team to reviewing communications.
• Serve as the primary resource for the Shared Services team, addressing inquiries, resolving issues, and providing guidance on all benefits-related matters.
• Develop and implement effective communication strategies to educate employees about our benefits programs and drive engagement.
• Prepare and distribute benefits communications, including plan documents, summary plan descriptions and open enrollment materials.
• Collaborate closely with the HR Business Partners to socialize benefits programs and answer leadership and employee questions.
• Spearhead (internal and external) the implementation and communication of all new and health and welfare, retirement, and employee recognition programs.
• Engage in training and development of team members to enhance their expertise in benefits design and analysis and plan management and administration.
• Foster and support the development of team members through setting clear expectations, providing sufficient feedback, inspiring and empowering individuals to maximize their potential and/or drive for continuous growth through the achievement of individual and department goals and objectives.

Qualifications

• Bachelor's degree and 5-10 years of experience in Benefits Administration Management OR ten years in Benefits Administration Management.
• Prior experience working in a benefits department and health and wellness program development.
• Prior experience working with employee data and/or assisting employees with medical, dental, and other benefits questions.
• Experience working with a medical self-funded plan.
• Knowledgeable about principles, practices, and procedures of benefits administration.
• Experience with various retirement plan approaches including 401(k) and non-qualified plans.
• Intermediate Microsoft Office Suite knowledge.
• Experience with HRIS systems, Workday experience a plus.
• Strong oral and written communication.
• Ability to quickly learn company’s working structure, culture, policies, and strategies.
• Partner with other functional areas to accomplish objectives.
• Communicate effectively, both orally and in writing at all levels of the organization.
• Ability to work effectively between and among departments and individuals.
• Establish and maintain effective working relationships across the organization.
• Articulate reasoning behind actions to Director and other management personnel.
• Provide a high level of customer service and drive customer service orientation to staff.
• Maintain strict confidentiality.
• Ensure compliance with all applicable laws and regulations related to employee benefits, including ACA, ERISA, HIPAA, and COBRA.
• Maintain up-to-date knowledge of legal requirements and monitor changes in legislation, making necessary adjustments to benefits programs and policies.
• Collaborate with legal and compliance teams to develop and maintain documentation and reporting necessary for audits and regulatory filings.
• Work closely with external auditors and consultants to ensure accurate and timely completion of benefits-related audits and filings.
• Analyze benefits data and trends to evaluate the effectiveness of our programs and identify areas for improvement.
• Develop and maintain metrics and key performance indicators (KPIs) to measure the impact and value of benefits programs.
• Work with Accounting and Finance to develop and review the benefits budget on an ongoing basis.

Pay

Hiring Range: Greater New York City Area (NY, NJ, CT residents): $122,900 - $188,020
All Other Locations (within approved locations): $105,100 - $160,480
As a candidate for this position, your salary and related elements of compensation will be contingent upon your work experience, education, licenses and certifications, and any other factors.

Benefits

Healthfirst offers employees a full range of benefits such as, medical, dental and vision coverage, incentive and recognition programs, life insurance, and 401k contributions (all benefits are subject to eligibility requirements).