Senior Manager, Financial Benefits

4 weeks ago

White Plains, New York, United States Danone Full time

About the Job

We are seeking a highly skilled Senior Manager, Financial Benefits to join our Human Resources - Employee Benefits team. This role will be responsible for the administration of financial benefits programs, including the 401(k) and Pension plans, HSA Bank, FSA, Commuter, fitness reimbursement, and other health and wellbeing programs.

The ideal candidate will have a strong background in employee benefits administration, with experience in managing vendor relationships, developing benefit policies, and communicating with employees. They will also have excellent analytical and problem-solving skills, with the ability to work effectively in a team environment.

Key Responsibilities

  • Develops, implements, and manages benefit policies, systems, programs, and procedures.
  • Administers day-to-day operations of assigned programs for Union and Corporate workforce.
  • Ensures the accuracy of benefit enrollment with the third-party administration benefits platform and Ceridian Dayforce.
  • Manages the Outsourced Chief Investment Officer services provided by investment consultant to maintain fiduciary requirements, enhanced governance structure, improved funded status, decreased volatility, risk reductions, and lowering costs.
  • Evaluates and recommends the optimization of benefit programs (methods, administrators, costs, fiscal implications, and tools).
  • Collaborates with Vendors and Consultants to analyze data and provide program experience tracking.
  • Reviews, reconciles, and approves benefit invoices for assigned programs.
  • Audit payroll and third-party administration reporting for accuracy including employee contributions, company match, loans.
  • Audit and reconcile annual nondiscrimination testing and annual True Up deposit.
  • Develops, designs, distributes, and presents benefits information for new hire orientations, open enrollment, and other informational sessions.
  • Coordinates and vendor manages administrative processing, work methods, resource optimization, budget control, training, and development plans.
  • Responds to benefits inquiries, monitors eligibility status, and assists participants with submitting and monitoring issues.
  • Collaborates with internal (DBS, Legal, Procurement, Communications and Finance teams) and external partners (Pension consultant, 401(k) consultant, 401(k) administrator, Auditor and ERISA Counsel) on the implementation, processing, policy, budgeting, forecasting, communication, and compliance of assigned benefits programs.
  • Assists with developing and administering employee financial wellbeing programs, benefits fair, and various events to support increased engagement.
  • Maintain scheduling of the investment committee quarterly updates.
  • Maintain knowledge of market and legislative benefits trends and evaluate costs/benefits to the company.
  • Ensure stakeholders are adhering to all requirements of benefit compliance (including 401(k), 5500 filings testing, audits, etc.).

About You

We are looking for a highly motivated and experienced professional with a strong background in employee benefits administration. The ideal candidate will have a Bachelor's degree and at least 10 years of experience in a similar role. They will also have excellent communication and analytical skills, with the ability to work effectively in a team environment.

What We Offer

Danone North America offers a competitive salary range of $120k-$172k, commensurate with experience. We also offer a performance-based bonus and a strong benefits package, including Medical, Dental, Vision, Prescription Drug Coverage, 401k Plan, Wellness Program, Life Insurance, Tuition Reimbursement, Flexible Time Off, and Paid Parental Bonding Leave, among other benefit plan options.

We are a hybrid work environment, offering the flexibility to work both remotely and in office when desired. We are proud to be an equal opportunity and affirmative action employer, committed to diversity and inclusion in the workplace.

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