Director, Associate Benefits - Humana
Providence, RI
About the Job
Become a part of our caring community and help us put health first
The Director, Associate Benefits applies forward-looking, innovative thought to design, financing and delivery of company financial wellbeing and retirement benefits and all benefit finance functions to make the company, and each of its divisions, an employer-of-choice.
The Director, Associate Benefits:
Well-being and Benefits ("WB&B") Finance
+ Finalize and present projected costs of well-being and benefit program changes for approval by the CAO and CFO for approval before cascading budgets to divisional presidents and CFOs.
+ Oversee forecasting, budgeting, and reconciling actual spend for the company's enterprise and divisional well-being, health welfare, and retirement benefit programs to ensure financial accountability and alignment with organizational objectives including mitigating medical, pharmacy and other benefit inflation trend.
+ Report financial performance, compared to the Company's Well-being and Benefit Programs to the CAO and CFO.
+ Develop and lead the process for ensuring that estimated cost savings (or increases) negotiated in the vendor selection process are accurately forecasted, budgeted and then realized in actual results.
+ Manage the well-being and benefits cost center, including budgeting for departmental FTEs and professional services spend, to optimize resource allocation and achieve financial targets.
Financial Security Well-being and Retirement Benefit Strategy and Operations
+ Provide leadership in qualified retirement plan strategy to ensure that benefits provided in qualified retirement plans are compliant with applicable regulations, competitive for each operating division, and cost effective.
+ Provide strategic leadership in adopting regulatory requirements and plan enhancements as required, and permitted, by SECURE 2.0.
+ Oversee the team, and external, subject matter experts (SME)s to ensure the 401(k) plan and Committee comply with all regulatory, compliance and fiduciary responsibilities under ERISA, IRS and other applicable regulations.
+ Oversee financial well-being being operations including the company's emergency savings, paycheck advance, and financial education programs to ensure the programs align with Humana's strategic objectives and contribute to associate well-being.
+ Collaborate with the Well-being and Benefit Principal to ensure the Company's financial wellbeing strategic goals are realized through financial well-being operations team.
+ Oversees the design, implementation and operations of the Company's well-being packages to ensure they achieve target outcomes and deliver excellent user experience.
+ Ensure that financial well-being, qualified and non-qualified retirement plans coordinate to deliver divisionally industry leading financial well-being and security benefits.
Well-being and Benefit M&A Due Diligence and Target Integration
+ Responsible for oversight of benefit processes for mergers, acquisitions, JVs, partnerships and divestiture processes, including synergy/dis-synergy modeling, designing the benefit plan integration strategy, coordination and establishing integration timelines, and monitoring the successful integration of targets on platform benefits.
+ Ensure that significant financial, non-financial and compliance risks at target companies are identified during due diligence and appropriately addressed in purchase agreements, acquisition business case and documented.
+ Lead the team ensuring that the post-acquisition integration plan synergies and dis-synergies are quantified, that integration plans are approved by HR leadership, division presidents and CFO's and that dis-synergies are balanced against associate experience for integrating target company associates.
Use your skills to make an impact
Required Qualifications
+ MBA, CPA or other Master's degree
+ 8 or more years of Finance, Accounting, ERISA Health or Retirement Plan Administration
+ 5 or more years of management experience
+ Have recently( within the last 3-4 years) lead a team of at least 5 or more professionals
+ Must be passionate about contributing to an organization focused on continuously improving consumer experiences
+ Experience in leading benefit merger and acquisition processes, including synergy modeling and integration strategies
+ Some adhoc travel could be required based on business need
Preferred Qualifications
+ ERISA compliance experience for health, welfare, or retirement plans
+ Financial modeling
+ Accounting
Additional Information
Work-At-Home Requirements:
To ensure Home or Hybrid Home/Office associates' ability to work effectively, the self-provided internet service of Home or Hybrid Home/Office associates must meet the following criteria:
* At minimum, a download speed of 25 Mbps and an upload speed of 10 Mbps is recommended; wireless, wired cable or DSL connection is suggested
* Satellite, cellular and microwave connection can be used only if approved by leadership
* Associates who live and work from Home in the state of California, Illinois, Montana, or South Dakota will be provided a bi-weekly payment for their internet expense.
* Humana will provide Home or Hybrid Home/Office associates with telephone equipment appropriate to meet the business requirements for their position/job.
* Work from a dedicated space lacking ongoing interruptions to protect member PHI / HIPAA information
Social Security Task:
Alert: Humana values personal identity protection. Please be aware that applicants being considered for an interview will be asked to provide a social security number, if it is not already on file. When required, an email will be sent from Humana@myworkday.com with instructions to add the information into the application at Humana's secure website.
Interview Format:
As part of our hiring process for this opportunity, we will be using an exciting interviewing technology called HireVue to enhance our hiring and decision-making ability. HireVue allows us to quickly connect and gain valuable information for you pertaining to your relevant skills and experience at a time that is best for your schedule. If you are selected for a first-round interview, you will receive an email correspondence inviting you to participate in a HireVue interview. In this interview, you will receive a set of interview questions over your phone and you will provide recorded or text message responses to each question. You should anticipate this interview to take about 15 minutes. Your recorded interview will be reviewed, and you will subsequently be informed if you will be moving forward to next round of interviews.
Scheduled Weekly Hours
40
Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$149,800 - $206,100 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.
Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, 'Humana') offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
About us
Humana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.
Equal Opportunity Employer
It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.
Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=Humana_Website.
The Director, Associate Benefits applies forward-looking, innovative thought to design, financing and delivery of company financial wellbeing and retirement benefits and all benefit finance functions to make the company, and each of its divisions, an employer-of-choice.
The Director, Associate Benefits:
Well-being and Benefits ("WB&B") Finance
+ Finalize and present projected costs of well-being and benefit program changes for approval by the CAO and CFO for approval before cascading budgets to divisional presidents and CFOs.
+ Oversee forecasting, budgeting, and reconciling actual spend for the company's enterprise and divisional well-being, health welfare, and retirement benefit programs to ensure financial accountability and alignment with organizational objectives including mitigating medical, pharmacy and other benefit inflation trend.
+ Report financial performance, compared to the Company's Well-being and Benefit Programs to the CAO and CFO.
+ Develop and lead the process for ensuring that estimated cost savings (or increases) negotiated in the vendor selection process are accurately forecasted, budgeted and then realized in actual results.
+ Manage the well-being and benefits cost center, including budgeting for departmental FTEs and professional services spend, to optimize resource allocation and achieve financial targets.
Financial Security Well-being and Retirement Benefit Strategy and Operations
+ Provide leadership in qualified retirement plan strategy to ensure that benefits provided in qualified retirement plans are compliant with applicable regulations, competitive for each operating division, and cost effective.
+ Provide strategic leadership in adopting regulatory requirements and plan enhancements as required, and permitted, by SECURE 2.0.
+ Oversee the team, and external, subject matter experts (SME)s to ensure the 401(k) plan and Committee comply with all regulatory, compliance and fiduciary responsibilities under ERISA, IRS and other applicable regulations.
+ Oversee financial well-being being operations including the company's emergency savings, paycheck advance, and financial education programs to ensure the programs align with Humana's strategic objectives and contribute to associate well-being.
+ Collaborate with the Well-being and Benefit Principal to ensure the Company's financial wellbeing strategic goals are realized through financial well-being operations team.
+ Oversees the design, implementation and operations of the Company's well-being packages to ensure they achieve target outcomes and deliver excellent user experience.
+ Ensure that financial well-being, qualified and non-qualified retirement plans coordinate to deliver divisionally industry leading financial well-being and security benefits.
Well-being and Benefit M&A Due Diligence and Target Integration
+ Responsible for oversight of benefit processes for mergers, acquisitions, JVs, partnerships and divestiture processes, including synergy/dis-synergy modeling, designing the benefit plan integration strategy, coordination and establishing integration timelines, and monitoring the successful integration of targets on platform benefits.
+ Ensure that significant financial, non-financial and compliance risks at target companies are identified during due diligence and appropriately addressed in purchase agreements, acquisition business case and documented.
+ Lead the team ensuring that the post-acquisition integration plan synergies and dis-synergies are quantified, that integration plans are approved by HR leadership, division presidents and CFO's and that dis-synergies are balanced against associate experience for integrating target company associates.
Use your skills to make an impact
Required Qualifications
+ MBA, CPA or other Master's degree
+ 8 or more years of Finance, Accounting, ERISA Health or Retirement Plan Administration
+ 5 or more years of management experience
+ Have recently( within the last 3-4 years) lead a team of at least 5 or more professionals
+ Must be passionate about contributing to an organization focused on continuously improving consumer experiences
+ Experience in leading benefit merger and acquisition processes, including synergy modeling and integration strategies
+ Some adhoc travel could be required based on business need
Preferred Qualifications
+ ERISA compliance experience for health, welfare, or retirement plans
+ Financial modeling
+ Accounting
Additional Information
Work-At-Home Requirements:
To ensure Home or Hybrid Home/Office associates' ability to work effectively, the self-provided internet service of Home or Hybrid Home/Office associates must meet the following criteria:
* At minimum, a download speed of 25 Mbps and an upload speed of 10 Mbps is recommended; wireless, wired cable or DSL connection is suggested
* Satellite, cellular and microwave connection can be used only if approved by leadership
* Associates who live and work from Home in the state of California, Illinois, Montana, or South Dakota will be provided a bi-weekly payment for their internet expense.
* Humana will provide Home or Hybrid Home/Office associates with telephone equipment appropriate to meet the business requirements for their position/job.
* Work from a dedicated space lacking ongoing interruptions to protect member PHI / HIPAA information
Social Security Task:
Alert: Humana values personal identity protection. Please be aware that applicants being considered for an interview will be asked to provide a social security number, if it is not already on file. When required, an email will be sent from Humana@myworkday.com with instructions to add the information into the application at Humana's secure website.
Interview Format:
As part of our hiring process for this opportunity, we will be using an exciting interviewing technology called HireVue to enhance our hiring and decision-making ability. HireVue allows us to quickly connect and gain valuable information for you pertaining to your relevant skills and experience at a time that is best for your schedule. If you are selected for a first-round interview, you will receive an email correspondence inviting you to participate in a HireVue interview. In this interview, you will receive a set of interview questions over your phone and you will provide recorded or text message responses to each question. You should anticipate this interview to take about 15 minutes. Your recorded interview will be reviewed, and you will subsequently be informed if you will be moving forward to next round of interviews.
Scheduled Weekly Hours
40
Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$149,800 - $206,100 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.
Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, 'Humana') offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
About us
Humana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.
Equal Opportunity Employer
It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.
Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=Humana_Website.
Source : Humana