FAQs
What is the primary focus of the Vice President, Benefits role?
The primary focus of the Vice President, Benefits role is to provide operational and strategic leadership, oversight, and management of the company’s benefits, leave, and retirement plans while ensuring compliance with local laws and regulations.
What qualifications are required for this position?
Candidates should have 7+ years of experience in US benefit programs, in-depth knowledge of retirement plans and health and welfare benefit programs, strong risk and compliance vendor oversight, excellent analytical and problem-solving skills, and a Bachelor’s degree or equivalent.
What types of benefits will I be managing if I take this role?
You will be managing a range of benefits including health and welfare programs, retirement plans (both qualified and non-qualified), leave programs, and wellbeing programs that encompass physical, emotional, and financial aspects.
How does this role interact with other departments?
This role requires effective partnership with internal stakeholders within Global Human Resources, Finance, Procurement, Legal, and business leaders to align benefits strategy, manage costs, and ensure compliance.
Will I be responsible for vendor oversight?
Yes, vendor oversight, including third-party risk management and leading large-scale projects such as RFPs, transitions to new vendors, and due diligence for corporate actions, is part of the responsibilities of this position.
What is the salary range for this position?
The salary range for this position is between $110,000 and $177,500 annually, depending on the candidate's qualifications and experience.
Is experience with benefits compliance regulations important for this role?
Yes, a strong understanding of compliance regulations such as ERISA, COBRA, HIPAA, and the SECURE Acts is critical for successfully managing and overseeing benefits programs.
What is expected in terms of project management skills?
The Vice President, Benefits is expected to have strong project management skills to oversee large-scale projects, ensure operational excellence, and manage multiple tasks simultaneously while adhering to timelines and budgets.
What kind of analytical skills are required?
Excellent analytical and problem-solving skills with a background in financial analysis are required to develop appropriate strategic recommendations and manage plan financials effectively.
How does this position contribute to employee engagement?
The Vice President, Benefits will lead the design, delivery, and transformation of benefits plans that enhance employee engagement, ensuring that the offerings are understood and valued by employees.