Total Rewards Manager
Job Description
Job Summary:
The Total Rewards Manager will be responsible for designing, implementing, and managing the employee benefits and compensation programs of our organization. This includes health & welfare program administration, retirement benefits administration, and compensation programs for executive, professional, and support staff. Compensation programs include both salary and incentive administration. The Total Rewards Manager will play a critical role in ensuring benefits programs are competitive, cost-effective, and aligned with the needs and goals of the organization and its employees.
Essential Job Functions:
- Develop and execute a comprehensive benefits strategy that aligns with the organization's overall HR and business objectives.
- Manage company health & welfare and retirement programs and policies: design, implement, and administer employee benefit plans, including health, dental, vision, life insurance, disability, retirement plans, and other voluntary benefits.
- Manage company compensation and incentive programs and policies
- Maintain incentive accruals
- Ensure compliance with all federal, state, and local regulations governing employee benefits programs, such as ERISA, ACA, HIPAA, and FMLA.
- Manage relationships with benefit plan providers, brokers, consultants, and other vendors to negotiate competitive pricing and ensure high-quality service delivery.
- Conduct regular analyses of benefits programs, including cost-benefit analyses, utilization reports, and benchmarking studies, to evaluate program effectiveness and identify opportunities for improvement.
- Provide guidance and support to employees on benefits-related matters, including enrollment, claims, eligibility, and plan provisions.
- Collaborate with the HR team to develop and deliver comprehensive benefits communications, education, and training materials to enhance employee understanding and engagement.
- Oversee benefits-related reporting and record-keeping, including maintaining accurate employee benefit records and ensuring data integrity.
Qualifications/Education/Experience/Skills:
- Bachelor's degree in Human Resources, Business Administration, or a related field
- Minimum of 7 years of experience in benefits and/or compensation administration or a similar role, preferably in a medium to large-sized organization.
- In-depth knowledge of employee benefits regulations, such as ERISA, ACA, HIPAA, and FMLA, as well as current industry trends and best practices.
- Strong analytical skills with the ability to analyze complex data, identify trends, and make data-driven recommendations.
- Strong verbal and written communication skills.
- Proven ability to manage multiple priorities and projects simultaneously, while maintaining a high level of attention to detail and accuracy to meet deadlines in a fast-paced work environment.
- Experience working with benefits administration software and HRIS systems.
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Date Posted
08/10/2023
Views
53
Neutral
Subjectivity Score: 0.5
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