Senior Manager Compensation Benefits

2 days ago

Newington, United States CoWorx Staffing Services Full time

Senior Benefits Manager - Newington NH - $130-145k+

The Senior Benefits and Compensation Manager oversees the Global Benefits Program and provides oversight on plan management and administration of the 401(k) plan, conducting committee meetings and annual filings, all employee welfare benefits, compensation programs and oversight of the administration of benefits programs, such as tuition reimbursement, service anniversaries, wellness programs, etc.


They will be responsible for collaborating with benefits brokers, manage carrier relationships, annual plan reviews, designs, develops, and implement competitive benefits solutions.


Responsibilities

  • Manage the open enrollment process, including communications, negotiations, systems updates, vendor management and vendor files.
  • Work with HRIS team to ensure benefits administration is operating effectively within HRIS, including updates for changes due to modifications in plans. Work with IT teams to set up automatic carrier file feeds as needed.
  • Manage vendors and provide feedback regarding performance. Keeps senior leadership informed of any issues.
  • Improves programs to meet business needs within budget.
  • Ensures competitiveness of programs in order to attract, develop, and retain a high performing and engaged workforce.
  • Understands the business environment and the legal framework (lifecycles, strategies, external business conditions, etc.) to drive the effective implementation of benefits programs, projects, and policies.
  • Ensure benefits administration is in alignment with company policies and federal and state guidelines, drives policy enhancement while ensuring legal compliance.
  • Maintain benefit documentation for all carriers and ensure distribution of benefit summaries as required.
  • Develop, deliver and maintain effective employee communications, including but not limited to, training, policies and procedures, benefits presentations, and all benefits materials.
  • Supervise benefits department staff in a collaborative manner.
  • Acts as a subject matter expert to management on all benefit plan content.
  • Ensure all processes under area of responsibility are clearly documented and collaborates with HR leadership to develop and ensure the continuous improvement of department guidelines, practices, procedures, policies, performance metrics and costs.
  • Ensure benefits issues are addressed in a timely and efficient manner while providing exemplary customer service.
  • Document and manage benefits payments against annual budget expenses. Approve invoices and ensure payments are up to date and paid on time.


Qualifications

  • 8+ years experience managing benefits programs required.
  • Experience in compensation management preferred.
  • Bachelor’s degree or equivalent experience in a benefits management role required.
  • Experience in designing and managing cost efficient domestic and global benefits programs, including but not limited to medical, dental, vision, disability, 401(k) and wellness programs.
  • Knowledge/experience with HRIS required, Paycom experience preferred.
  • Strong financial business acumen with ability to analyze data and develop recommendations for complex problems required with Actuarial experience highly desirable.
  • Advanced understanding of rewards regulations, market trends, and program design, as well as legislation that may affect policies/practices, including ACA, ERISA, COBRA, and other applicable Department of Labor (DOL) and/or tax laws.
  • ·Advanced understanding of benefits administration. In-depth knowledge of benefits trends, including new and progressive programs or offerings.
  • Demonstrated ability to work independently on complex projects in the benefits area.
  • Excellent knowledge of MS Office required, including proficiency in Excel required.


CoWorx is an equal opportunity employer dedicated to fostering a diverse and inclusive team. We believe that a varied workforce enhances our business outcomes and contributes to a brighter future for our internal teams, Field Talent, customers, and communities. We are committed to considering all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or veteran status, and we do not discriminate based on disability. If you are a person with a disability and require assistance during the recruitment process, please reach out to us.

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