Benefits Manager

Location
Princeton , United States

Your job

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity:
Future focused and always one step ahead.

We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Benefits Manager is responsible to lead a regional team in the development, recommendation, implementation and administration of new, existing and/or modified employee benefit plans and policies. This position serves on the Human Resource Leadership Team and collaborates with this team to ensure the employee experience properly considers compensation, development, diversity & inclusion, operations, and business needs.

Major Accountabilities

• Manages the administration of employee benefits programs such as retirement plans; medical, dental, vision plans; life insurance plans; temporary disability programs; and wellness programs.
• Contributes as a member of US HR Leadership Team leading wellbeing focus and partnering with the entire US HR Leadership Team on the employee experience.
• Develop and coach team members to enhance overall skills and impact both within Benefits team and across all of HR.
• Maintain big picture perspective of business needs and lead cross-platform collaboration with other key stakeholders that contribute to overall benefits and employee experience including IT, Facilities, and Communications.
• Evaluate and compare existing company benefits with those of other employers by analyzing other plans, surveys and other sources of information. Plan, develop and/or participate in area and industry surveys. Analyze results of surveys and develop specific recommendations for review by management.
• Develop specifications for new plans or modify existing plans to:
  • Maintain company's competitive position in labor market, and
  • Obtain uniform benefits package for all company locations, where possible.
• Recommend classes of eligible employees for new or modified plans. Oversee development of census data and solicit insurance companies for quotations. Evaluates quotation and make recommendations to management. Oversee development of company cost information for new plans and make premium cost share recommendations to management.
• Install approved new plans or changes to existing plans by overseeing preparation of announcement materials, plan summary documents and other media for communicating plans to employees. Conduct employee meetings and arrange for enrollment. Advise and counsel management and employees on existing benefits.
• Prepare and execute, with legal consultation, benefits documentation, such as original and amended plan texts, benefit agreements and insurance policies. Instruct insurance carriers, trustees and other administrative agencies outside the company to effect changes in benefits program. Ensure prompt and accurate compliance.
• Assure company compliance with provisions of Employee Retirement Income Security Act and the Affordable Care Act. Supervise preparation of reports and applications required by law to be filed with federal and state agencies, such as Internal Revenue Service, Department of Labor, insurance commissioners, and other regulatory agencies. Review and analyze changes to state and federal laws pertaining to benefits, and report necessary or suggested changes to management. Coordinate company benefits with government-sponsored programs.
• Oversee development of benefits information and statistical and census data for actuaries, insurance carriers and management.
• Oversee handling of benefits inquiries and complaints to ensure quick, equitable, courteous resolution. Maintain contact in person, and by phone or mail, with hospitals, physicians, insurance companies, employees, and beneficiaries to facilitate proper and complete utilization of benefits for all employees.
• Supervise maintenance of enrollment and claims records for all benefits plans.
• Drive innovation and efficiency within the Benefits functions.

Your profile

Basic Knowledge, Skills, And Experience

• Bachelor's Degree in Business Administration, Human Resources or related field is preferrable; MBA a plus
• 7+ years progressive employee benefits experience
• 3+ years of management experience
• Ability to effectively handle a heavy workload and prioritize accordingly
• Expert knowledge of employee benefit plans and trends
• Ability to interact with the highest levels of management and lead teams
• Demonstrated problem solving skills and strong analytical skills
• Ability to understand and leverage technology to improve processes
• Effective negotiation skills
• Demonstrated ability to delegate complex tasks to subordinates as appropriate
• Demonstrated success in changing pension plans
• Demonstrated success in managing people

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About us

Munich Re America Services, Inc. is a services provider to affiliated group companies primarily related to general services, procurement and IT services.