VP, Employee Benefits

JOB DESCRIPTION

The Vice President, Employee Benefits will play a pivotal role in shaping and overseeing the strategic design, development, management, compliance, and optimization of our employee benefit programs, including retirement, health, welfare, and wellness initiatives.

This leadership position is critical in ensuring that our benefits offerings not only align with the company's strategy but also support our talent management objectives and adhere to all legal and regulatory requirements.

With a primary focus on North American programs across the US, Canada, and Bermuda, the VP, Employee Benefits will also bring expertise in international benefits management.

This role will collaborate closely with regional Total Rewards leaders and serve as the global governance link for senior leadership.

The ideal candidate will sit in our Whitehouse Station, NJ, Philadelphia, PA or New York, NY offices.

Position Reporting

This position reports directly to the Executive Vice President of Total Rewards & HR Services, with a matrix reporting relationship to the Executive Vice President of North America HR.

The VP of Global Benefits will be a member of the North America HR Leadership team.

Key Responsibilities


* Strategic Leadership: Lead the strategy and design of all North America benefit programs.

Monitor emerging trends and shifts in business direction, proactively assessing and benchmarking programs to enhance competitiveness and relevance, while aligning with strategic and financial goals and supporting employee engagement


* Data-Driven Insights: Utilize strong analytical capabilities to evaluate the performance, competitiveness, and cost-effectiveness of benefits programs.

Leverage data-driven insights to guide strategic enhancements and ensure alignment with organizational objectives.


* Vendor Management: Own and cultivate strategic relationships with all benefit vendors (e.g., brokers, consultants, insurance carriers, record-keepers) and other administrative or legislative agencies.

Collaborate effectively with internal partners, including Legal, Tax, Finance, and HR Services.


* Committee Leadership: Serve as chairperson of the Retirement Administrative and Welfare Committees, ensuring compliance and effective administration of programs managed by internal resources or third-party vendors.


* Budget Oversight: Oversee and manage the budget for all benefit plans, collaborating with the Finance team during the annual budgeting process.


* Benefit Administration: Provide oversight for benefit administration, monitoring vendor performance to ensure high-quality service delivery.

Participate in periodic vendor assessments and lead the implementation of new vendor relationships as required.


* Communication Strategy: Develop and execute a comprehensive communication strategy to effectively convey benefit strategies and programs, ensuring employees and plan participants understand the value of our offerings.
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