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Director, Benefits

4 months ago

Bethesda, United States HMSHost Full time
With a career at HMSHost, you really benefit We offer:
  • Health, dental and vision insurance
  • Generous paid time off (vacation, flex or sick)
  • Holiday pay
  • 401(k) retirement plan with company match
  • Company paid life insurance
  • Tuition reimbursement
  • Free parking and onsite fitness center
  • Wellbeing Support Program
  • Training and exciting career growth opportunities
  • Referral program – refer a friend and earn a bonus Purpose The purpose of the Director, Benefits & Total Rewards Finance is to oversee all financial reporting of benefit programs, compensation, and payroll accounting for North American Total Rewards. This position provides leadership and strategic guidance on financial matters for benefit programs and Total Rewards functions.Essential Functions
    • Manages payments and funding for all benefit programs, including specialized calculations to union trust funds for health & welfare benefits, union dues, 401(k), retirement, and other deferred compensation plans; ensuring payments comply with collective bargaining agreements, trust fund or plan provisions, and company policies
    • Reviews and performs financial reporting tasks and period close activities, including weekly payroll journal entries, clearing suspense accounts, account reconciliations, and reserve analyses; ensures all deadlines are met and processes are completed accurately
    • Ensures Total Rewards accounting functions comply with GAAP and other regulatory and financial reporting and benefit requirements, such as IRS, ERISA, ACA, and DOL regulations
    • Oversees internal and external audits for benefits and payroll matters
    • Assists with benefit program tax filings and external reporting, including ACA reporting, Forms 5500 and 990, 1099-Rs, and other compliance reporting
    • Calculates accruals for incentive plans, monitoring KPIs and reserve levels
    • Responds to questions presented by other departments, field controllers, management, and auditors; collaborates with payroll team and other stakeholders on initiatives and projects
    • Ensures all procedures are documented and all policies are followed, emphasizing internal control, timeliness, and accuracy; seeking process improvement to enhance efficiency
    • Engages in system implementation rollouts, providing effective requirements information and functional user testing for payroll, HRIS, and related financial reporting projects Reporting Relationship

      The position reports to the Senior Director Benefits, North America and has three direct reportsMajor Interdependencies

      Payroll, Compensation, Corporate Finance, Accounting, Field Finance, Field Operations ManagementMinimum Qualifications, Knowledge, Skills, and Work Environment

      • Education and Experience:
      • The combination of education and professional experience must exceed 8 years
      • In a leadership role: Requires 3 years of experience supervising a team of accounting / benefits administration professionals
      • In a technical role: Requires 8 years of benefits administration, as well as accounting, tax, and/or finance experience
      • A bachelor’s degree in a program related to the functional area can count for 3 of the 8-year requirement
      • An MBA or a master’s level degree in a program related to the functional area can count for an additional 2 years of 8-year requirement
      • Hospitality, F&B and/or Retail financial accounting experience preferred
      • Specialized Training:
      • Training and experience that leads to an in-depth understanding of accounting and finance functions relating to payroll, benefits, and Total Rewards programs, including GAAP and GL reporting, reserve analysis, and tax reporting implications
      • Extensive knowledge of ERISA, DOL, IRS, and ACA regulations and impact on benefit plan administration
      • CPA or progressive work towards CPA preferred
      • CEBS or other benefits training preferred
      • Specialized Skillset/Competencies/Traits
      • Strong understanding of HRIS and payroll system interfaces with financial reporting systems and third-party vendors
      • Must have advanced Excel and quantitative analysis skills
      • Business acumen and a mindset required to understand the long-term implications of payroll and benefits financial functions to advance the organizations goals
      • Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances

      • Demonstrated history of creating and maintaining positive work environments through coaching, developing, and leading teams to achieve common goals

      • Location/Travel:

      • This position is based at the F&B Center of Excellence in Bethesda, MD

      • May require occasional travel to the Retail Center of Excellence in East Rutherford, NJ Disclaimer

        All job requirements are subject to change to reflect the evolving position requirements or to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a threat or risk to the health and safety of themselves or other employees. This job description in no way states or implies that these are the only duties to which will be required in this position. Employees will be required to follow other job-related duties as requested by their supervisor/manager (within guidelines and compliance with Federal and State Laws). Continued employment remains on an "at-will" basis. Dufry, Hudson, and HMSHost are equal opportunity employers and do not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factors.

        Source: Hospitality Online