Assistant Vice President, Compensation and Payroll

The Hanover Insurance Group•Worcester, MA

1d•Hybrid

About The Position

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture. Our Human Resource Team is seeking a Assistant Vice President of Compensation and Payroll. This is a full-time, exempt role. This role is eligible for a fully remote arrangement or Hybrid. Position Overview In this role, the Head of Benefits & Well Being will be responsible for the strategic design, implementation, and oversight of the organization’s health, welfare, retirement, leaves and well-being programs. This leader will play a critical role in enhancing employee experience, optimizing benefit offerings, and championing a culture of holistic well-being across the organization

Requirements

10+ years of relevant benefits experience, with a proven track record of managing and influencing teams in a publicly traded company or large, diversified firm.
A Masters or Bachelors degree or an equivalent combination of education and directly relevant experience.
Deep knowledge of benefits design and administration, including regulatory, tax, and legislative matters impacting program design and administration.

Responsibilities

Lead the strategy and design of all North America benefit programs. Monitor emerging trends and shifts in business direction, proactively assessing and benchmarking programs to enhance competitiveness and relevance, while aligning with strategic and financial goals and supporting employee engagement.
Utilize strong analytical capabilities to evaluate the performance, competitiveness, and cost-effectiveness of benefits programs. Leverage data-driven insights to guide strategic enhancements and ensure alignment with organizational objectives.
Own and cultivate strategic relationships with all benefit vendors (e.g., brokers, consultants, insurance carriers, record-keepers) and other administrative or legislative agencies. Collaborate effectively with internal partners, including Legal, Tax, Finance, HR Services and Payroll.
Ensure compliance with all federal, state, and local laws and regulations (e.g., ERISA, ACA, HIPAA, FMLA)
Serve as a member of the Benefits Committee, ensuring compliance and effective administration of programs managed by internal resources or third-party vendors.
Oversee and manage the budget for all benefit plans, collaborating with the Finance team during the annual budgeting process.
Provide oversight for benefit administration, monitoring vendor performance to ensure high-quality service delivery.
Provide expertise and thought leadership to departmental and cross-functional initiatives. Lead benefit plan due diligence related to merger and acquisition activities.
Directly lead a team of 3 Benefits professionals and share leadership accountability for benefits operations within HR Services.