Director, US & PR Health & Welfare Strategy - Bristol Myers Squibb
Princeton, NJ
About the Job
Working with Us
Challenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You'll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.
Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us .
Summary:
+ The US & Puerto Rico Health and Welfare Benefits Strategist leads the development, design, maintenance and implementation an overarching Benefits strategy that delivers a healthy workforce for BMS. The role will also lead the governance strategy for Health and Welfare benefits.
+ A strong emphasis is placed on plan design, market trends, regulatory compliance, data driven decision making, vendor relations, and budget oversight to maintain and enhance the effectiveness of benefits offerings. The role also includes the integration of benefits for newly acquired companies.
+ The position partners closely with various stakeholders including local market leaders, human resources, finance/tax, legal, global procurement, local consultants, and People Services. This position also partners with, helps select, and manage, external vendors and consultants.
Detailed Position Responsibilities:
+ Provides strategic oversight for all aspects of the company's employee benefits policy and plans including Active and Retiree Health Care; Welfare and other related benefits plans such as Disability plans (Short and Long Term), Dental, Pharmacy Benefit Program, Life, HMO programs, voluntary, leaves and absence.
+ Designs and delivers innovative, cost- effective health and wellness solutions to evolve Global Benefits to be a more strategic and forward-thinking function.
+ Works closely with Finance, Actuaries, Legal, and the company's Shared Services facility to ensure the company's benefit plans, programs and initiatives are competitive, cost efficient and compliant. Reviews plan documents and contracts for compliance with plan provisions and provide written analysis of potential contract additions. Coordinates legal review to ensure that ERISA and other global statutory legislative requirements are met.
+ Conceptualizes and presents business case for changes, and selects and oversees the various benefits consulting and services as needed.
+ Maintains external focus and knowledge of cutting edge benefits programs, trends, and best practices. Stays alert and ahead of emerging government and IRS regulations, practices, policies, evaluating the appropriate strategies and suggesting changes in policies and programs as necessary.
+ Responsible for managing the Company programs in compliance with regulations and aligned with Total Rewards Philosophy, analyzes claim experience and vendor relationships assuring competitive and cost effective benefit delivery
+ Manages the ERISA appeal process, assuring compliance with fiduciary responsibilities and plan provisions, in close alignment with Legal team
+ Assists in M&A transactions as needed
+ Partners closely with the benefits operations team to ensure effective benefits delivery and operational excellence
+ Oversees the effective communication of the company's employee benefit plans, programs, changes, etc. Articulates the value proposition of BMS' health, benefit and well-being offerings to employees in a simple, yet effective manner. Works closely with the Total Rewards Communications team as required.
+ Proactively leverages data analytics to inform benefit vision, planning, and strategic mid and long-term goals.
+ Designs, develop and delivers training and informational programs on benefits to People Services and other HR professionals and employees at all levels
+ Represents company at Benefits related professional organizations and monitors/influences potential regulatory and/or legislative changes.
Must have requirements:
+ Thorough understanding of the Benefits function from both a strategic standpoint as well as a strong technical design background and financial acumen
+ Benefits professional with excellent experience with a wide-range of creative health and welfare benefits issues, including qualified plan design, compliance with Federal and State regulations and funding alternatives. Must be a creative thinker who can perform in a fast moving and constantly changing environment.
+ Strong leadership and project management skills from design to the implementation
+ Bachelor's degree and 8+ years of progressively responsible positions in benefits, preferably some exposure to global benefits programs and administration. MBA or equivalent preferred in HR management or related field
+ Experience in analyzing competitive benefit practices. Comprehensive technical knowledge of ERISA, regulatory requirements.
+ Strong analytical, problem solving and conceptual skills
+ Strong people skills, ability to manage a crossfunctional project team, with confidence and ability to challenge traditional assumptions with creative imagination and effective solutions, and high energy level with strong work ethic.
+ Ability to distill and present complex information and required decisions to executive leadership
+ Acquaintance with benefits standards and policies, especially for M&A integration.
+ Ability to travel occasionally
Ideal Candidates Would Also Have:
+ Bachelor's Degree and/or the equivalent knowledge gained through progressive work experience.
+ Consulting skills/ impact and influence abilities/ strong stakeholder management skills
+ Experience working with retiree medical and Medicare waiver programs
+ Ability to present complex information in a clear and convincing way to staff, callers, and functional business and technical groups.
#LI-Hybrid
If you come across a role that intrigues you but doesn't perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.
Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as Transforming patients' lives through science™ , every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in an inclusive culture, promoting diversity in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.
On-site Protocol
BMS has a diverse occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to adastaffingsupport@bms.com . Visit careers.bms.com/ (https://careers.bms.com/eeo-accessibility) eeo-accessibility to access our complete Equal Employment Opportunity statement.
BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.
BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.
If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/
Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.
Company: Bristol-Myers Squibb
Req Number: R1586760
Updated: 2024-11-21 03:16:24.193 UTC
Location: Princeton-NJ
Bristol Myers Squibb is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, pregnancy, citizenship, marital status, gender expression, genetic information, political affiliation, or any other characteristic protected by law.
Challenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You'll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.
Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us .
Summary:
+ The US & Puerto Rico Health and Welfare Benefits Strategist leads the development, design, maintenance and implementation an overarching Benefits strategy that delivers a healthy workforce for BMS. The role will also lead the governance strategy for Health and Welfare benefits.
+ A strong emphasis is placed on plan design, market trends, regulatory compliance, data driven decision making, vendor relations, and budget oversight to maintain and enhance the effectiveness of benefits offerings. The role also includes the integration of benefits for newly acquired companies.
+ The position partners closely with various stakeholders including local market leaders, human resources, finance/tax, legal, global procurement, local consultants, and People Services. This position also partners with, helps select, and manage, external vendors and consultants.
Detailed Position Responsibilities:
+ Provides strategic oversight for all aspects of the company's employee benefits policy and plans including Active and Retiree Health Care; Welfare and other related benefits plans such as Disability plans (Short and Long Term), Dental, Pharmacy Benefit Program, Life, HMO programs, voluntary, leaves and absence.
+ Designs and delivers innovative, cost- effective health and wellness solutions to evolve Global Benefits to be a more strategic and forward-thinking function.
+ Works closely with Finance, Actuaries, Legal, and the company's Shared Services facility to ensure the company's benefit plans, programs and initiatives are competitive, cost efficient and compliant. Reviews plan documents and contracts for compliance with plan provisions and provide written analysis of potential contract additions. Coordinates legal review to ensure that ERISA and other global statutory legislative requirements are met.
+ Conceptualizes and presents business case for changes, and selects and oversees the various benefits consulting and services as needed.
+ Maintains external focus and knowledge of cutting edge benefits programs, trends, and best practices. Stays alert and ahead of emerging government and IRS regulations, practices, policies, evaluating the appropriate strategies and suggesting changes in policies and programs as necessary.
+ Responsible for managing the Company programs in compliance with regulations and aligned with Total Rewards Philosophy, analyzes claim experience and vendor relationships assuring competitive and cost effective benefit delivery
+ Manages the ERISA appeal process, assuring compliance with fiduciary responsibilities and plan provisions, in close alignment with Legal team
+ Assists in M&A transactions as needed
+ Partners closely with the benefits operations team to ensure effective benefits delivery and operational excellence
+ Oversees the effective communication of the company's employee benefit plans, programs, changes, etc. Articulates the value proposition of BMS' health, benefit and well-being offerings to employees in a simple, yet effective manner. Works closely with the Total Rewards Communications team as required.
+ Proactively leverages data analytics to inform benefit vision, planning, and strategic mid and long-term goals.
+ Designs, develop and delivers training and informational programs on benefits to People Services and other HR professionals and employees at all levels
+ Represents company at Benefits related professional organizations and monitors/influences potential regulatory and/or legislative changes.
Must have requirements:
+ Thorough understanding of the Benefits function from both a strategic standpoint as well as a strong technical design background and financial acumen
+ Benefits professional with excellent experience with a wide-range of creative health and welfare benefits issues, including qualified plan design, compliance with Federal and State regulations and funding alternatives. Must be a creative thinker who can perform in a fast moving and constantly changing environment.
+ Strong leadership and project management skills from design to the implementation
+ Bachelor's degree and 8+ years of progressively responsible positions in benefits, preferably some exposure to global benefits programs and administration. MBA or equivalent preferred in HR management or related field
+ Experience in analyzing competitive benefit practices. Comprehensive technical knowledge of ERISA, regulatory requirements.
+ Strong analytical, problem solving and conceptual skills
+ Strong people skills, ability to manage a crossfunctional project team, with confidence and ability to challenge traditional assumptions with creative imagination and effective solutions, and high energy level with strong work ethic.
+ Ability to distill and present complex information and required decisions to executive leadership
+ Acquaintance with benefits standards and policies, especially for M&A integration.
+ Ability to travel occasionally
Ideal Candidates Would Also Have:
+ Bachelor's Degree and/or the equivalent knowledge gained through progressive work experience.
+ Consulting skills/ impact and influence abilities/ strong stakeholder management skills
+ Experience working with retiree medical and Medicare waiver programs
+ Ability to present complex information in a clear and convincing way to staff, callers, and functional business and technical groups.
#LI-Hybrid
If you come across a role that intrigues you but doesn't perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.
Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as Transforming patients' lives through science™ , every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in an inclusive culture, promoting diversity in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.
On-site Protocol
BMS has a diverse occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to adastaffingsupport@bms.com . Visit careers.bms.com/ (https://careers.bms.com/eeo-accessibility) eeo-accessibility to access our complete Equal Employment Opportunity statement.
BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.
BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.
If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/
Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.
Company: Bristol-Myers Squibb
Req Number: R1586760
Updated: 2024-11-21 03:16:24.193 UTC
Location: Princeton-NJ
Bristol Myers Squibb is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, pregnancy, citizenship, marital status, gender expression, genetic information, political affiliation, or any other characteristic protected by law.
Source : Bristol Myers Squibb