Benefits Manager

Verizon•Basking Ridge, NJ

12d•Hybrid

About The Position

As a Benefits Manager, you will be responsible for managing the health and welfare programs for Verizon’s retiree population. You will develop benefit plan design and strategy for the retiree population and manage all retiree benefit related contracts. Additional responsibilities will include: Project manage medical plan projects such as RFPs, implementation of vendor changes and/or plan design changes. Ensure alignment across key milestones and program deliverables, including all privacy, legal, security and related requirements are met. Monitor healthcare plan vendor reports and recommend plan design changes to address trends. Use data analytics to ensure understanding of impact and outcomes against program objectives. Identify opportunities to gain efficiencies and improve plan performance. Manage the day-to-day relationships with key suppliers and outside consultants for retiree benefit related work activities. Support SPDs, SBCs, benefit communications, and other plan documents to ensure that all plan provisions are accurately reflected. Assure corporate compliance with laws and regulations governing employer-sponsored health and insurance benefit plans such as ERISA, HIPAA, Affordable Care Act (ACA), etc. Review state and federal laws pertaining to Verizon’s benefits plans, analyze impact of any changes and provide recommendations to Verizon leadership. Manage special projects including Annual Enrollment testing to ensure proper plan setup. Resolve complex escalated retiree healthcare issues. Manage Collective Bargaining Agreement related requirements for retiree medical plan.

Requirements

Bachelor's degree or four or more years of work experience.
Six or more years of relevant work experience required, demonstrated through one or a combination of job-related work experience, military experience, or specialized training or education (non-collegiate).
Current human resources experience.
Experience in either a corporate employee benefits department, insurance, or with a healthcare vendor.
Experience managing vendors and medical plans.
Willingness to travel.

Nice To Haves

A degree and/or advanced certifications
Strong communication skills and ability to build relationships as well as work collaboratively across departments and vendors.
Excellent financial and analytical abilities.
Experience in evaluating data and trends into actionable insights that will support a broader plan strategy.
Ability to survey the external marketplace and understand trends and opportunities outside of Verizon in order to help inform strategy.
Experience in managing complex projects/competing deadlines.
Experience with collective bargaining benefits.
Strong PC skills including Excel, PowerPoint, Access or Google Suite.
Ability to thrive in a fast paced, matrixed environment.

Responsibilities

Manage the health and welfare programs for Verizon’s retiree population.
Develop benefit plan design and strategy for the retiree population.
Manage all retiree benefit related contracts.
Project manage medical plan projects such as RFPs, implementation of vendor changes and/or plan design changes.
Ensure alignment across key milestones and program deliverables, including all privacy, legal, security and related requirements are met.
Monitor healthcare plan vendor reports and recommend plan design changes to address trends.
Use data analytics to ensure understanding of impact and outcomes against program objectives.
Identify opportunities to gain efficiencies and improve plan performance.
Manage the day-to-day relationships with key suppliers and outside consultants for retiree benefit related work activities.
Support SPDs, SBCs, benefit communications, and other plan documents to ensure that all plan provisions are accurately reflected.
Assure corporate compliance with laws and regulations governing employer-sponsored health and insurance benefit plans such as ERISA, HIPAA, Affordable Care Act (ACA), etc.
Review state and federal laws pertaining to Verizon’s benefits plans, analyze impact of any changes and provide recommendations to Verizon leadership.
Manage special projects including Annual Enrollment testing to ensure proper plan setup.
Resolve complex escalated retiree healthcare issues.
Manage Collective Bargaining Agreement related requirements for retiree medical plan.