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Rewards and Wellbeing Manager

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Deloitte

28d ago

  • Job
    Full-time
    Senior Level
  • Consulting
    People, HR & Administration
  • Richmond

AI generated summary

  • You need a bachelor’s, 6+ years in health/welfare benefits, 2+ years underwriting, project management experience, Excel proficiency, travel flexibility, and a master’s in a math-related field.
  • You will manage client relationships, oversee benefits strategies, conduct studies, handle RFPs, review vendor contracts, analyze data, and mentor junior team members.

Requirements

  • Bachelor's degree.
  • 6+ years of experience in consulting or brokerage in U.S. health/welfare benefits.
  • 2+ years of experience in underwriting beyond basic model usage.
  • 4+ years of experience managing multiple projects/clients simultaneously.
  • 4+ years of demonstrated proficiency in Microsoft Office Suite, with specific expertise in Excel, PowerPoint, and Word.
  • Ability to travel 0-25%, on average, based on the work you do and the clients and industries/sectors you serve.
  • Limited immigration sponsorship may be available.
  • Master's degree in mathematics, statistics, or a related field with strong mathematical content.
  • Knowledge of additional U.S. health & welfare benefit plans (e.g., life, disability, dental).
  • Familiarity with the financial components of pharmacy benefit manager contracts.
  • Familiarity with U.S. Total Rewards programs (compensation, retirement).
  • Progress in actuarial exams.

Responsibilities

  • Serve as the primary contact for ongoing clients or lead project manager for specific projects.
  • Build and maintain strong client relationships through exceptional service.
  • Prepare self-insured financial projections and support health plan management, including financial reporting, premium rate setting, and employee contributions.
  • Conduct employee benefits studies, including benchmarking and modeling alternative designs.
  • Develop comprehensive benefits strategies, including plan offerings and design.
  • Manage RFP processes for medical, dental, pharmacy, life, and disability programs, including development, administration, proposal evaluation, vendor selection, negotiation, and implementation.
  • Review and negotiate premium rate/administrative fee renewals.
  • Advise clients on industry trends, best practices, regulatory updates, and compliance deadlines.
  • Evaluate vendors by reviewing services, contracts, performance guarantees, and renewals.
  • Analyze claims utilization data and assess health plan performance against strategy.
  • Act as an extension of the HR team, assisting with ad hoc requests or issues.
  • Prepare client presentations and reports.
  • Serve as a project manager to train and mentor junior team members.
  • Engage in general health & welfare consulting activities as needed.

FAQs

What is the application deadline for the Rewards and Wellbeing Manager position?

The application deadline for this role is May 31, 2025.

What are the key responsibilities of the Rewards and Wellbeing Manager?

Key responsibilities include serving as the primary contact for ongoing clients, preparing financial projections, conducting benefits studies, developing benefits strategies, managing RFP processes, advising clients on industry trends, and mentoring junior team members.

What qualifications are required for this role?

Required qualifications include a Bachelor's degree, 6+ years of experience in U.S. health/welfare benefits consulting or brokerage, 2+ years of experience in underwriting, and proficiency in Microsoft Office Suite.

Is travel required for this position?

Yes, the position may require travel of 0-25%, on average, based on client needs.

What is the wage range for the Rewards and Wellbeing Manager role?

The wage range for this role is between $137,700 and $229,500, depending on various factors such as experience and geographic location.

Are there opportunities for career advancement in this role?

Yes, as a Manager, you will have the opportunity to train and mentor junior team members, which can contribute to career advancement.

Do we offer immigration sponsorship for this position?

Limited immigration sponsorship may be available for this role.

What preferred qualifications should candidates have?

Preferred qualifications include a Master's degree in a related field, knowledge of additional U.S. health & welfare benefit plans, familiarity with pharmacy benefit manager contracts, and progress in actuarial exams.

What kind of clients will I be working with as a Rewards and Wellbeing Manager?

You will work with plan sponsors, including employers and municipal governments, providing strategic and technical employee benefit consulting services.

How does Deloitte ensure diversity and inclusion in the workplace?

Deloitte is committed to diversity and inclusion, as reflected in their initiatives and policies aimed at promoting a diverse workforce and inclusive culture. For more information, candidates can visit the company's website.

Consulting
Industry
10,001+
Employees
1845
Founded Year

Mission & Purpose

Deloitte, as one of the Big 4 global professional services firms, offers a comprehensive range of services including audit, tax, consulting, and advisory solutions to clients worldwide. Their ultimate mission is to deliver exceptional value to their clients by helping them navigate complex challenges, achieve sustainable growth, and stay ahead in an ever-changing business landscape. Deloitte's purpose lies in making an impact that matters and contributing to the success and well-being of their clients, people, and communities. With a team of skilled professionals and a commitment to innovation and collaboration, Deloitte strives to shape the future of business and create positive, lasting outcomes for their stakeholders.

Culture & Values

  • Lead the way

    We are not only leading the profession, but also reinventing it for the future. We are also committed to creating opportunity and leading the way to a more sustainable world.

  • Serve with integrity

    By acting ethically and with integrity, we have earned the trust of clients, regulators, and the public. Upholding that trust is our single most important responsibility.

  • Take care of each other

    We look out for one another and prioritize respect, fairness, development, and well-being.

  • Foster inclusion

    We are at our best when we foster an inclusive culture and embrace diversity in all forms. We know this attracts top talent, enables innovation, and helps deliver well-rounded client solutions.

  • Collaborate for measurable impact

    We approach our work with a collaborative mindset, teaming across businesses, geographies, and skills to deliver tangible, measurable, attributable impact.