Benefits Specialist, USA Benefits (Cambridge, MA or Nashville, TN)
About The Position
As the Benefits Specialist, USA Benefits, you will be a member of the Philips People Business Services Rewards Team within the global People Function, supporting the day-to-day operations of the U.S. Health & Wellness programs. This includes ensuring compliance with regulations, vendor oversight, market analysis, and project management. Your role (but not limited to): Leading and supporting projects related to the USA Benefits programs, including medical, Rx, dental, vision, retiree health, disease/condition management and other wellbeing programs. Fostering strong relationships with advisors, third-party administrators, and other vendors. Managing regulatory reporting and compliance activities, including filing Form 5500, plan document management, plan audits, and required notices. Participating in benchmarking surveys and preparing competitive analyses. Coordinating periodic audits and conducting plan reconciliations to monitor service provider performance and ensure operational excellence. Supporting and responding to questions from employees, managers, or People Partners that require specialized knowledge of company programs and plans. Collaborate with Philips legal, privacy and procurement teams to support plan administration
Requirements
- You’ve acquired 3+ years’ experience in areas such as Benefits Administration, Health &Wellness (H&W) Consulting, Rewards Management, and Human Resources
- Knowledge of U.S. benefits plans, with specific experience in health plans/wellness programs
- Strong analytical and quantitative skills
- Strong attention to detail
- Strong vendor management skills
- Strong written and verbal communication skills
- Proficiency in Microsoft Excel
- Excellent organizational skills with proven ability to manage time, meet deadlines and manage multiple priorities simultaneously
- the ability to work independently and as part of a team
- You have a Bachelor's Degree in Human Resources, Business Administration or equivalent.
Responsibilities
- Leading and supporting projects related to the USA Benefits programs, including medical, Rx, dental, vision, retiree health, disease/condition management and other wellbeing programs.
- Fostering strong relationships with advisors, third-party administrators, and other vendors.
- Managing regulatory reporting and compliance activities, including filing Form 5500, plan document management, plan audits, and required notices.
- Participating in benchmarking surveys and preparing competitive analyses.
- Coordinating periodic audits and conducting plan reconciliations to monitor service provider performance and ensure operational excellence.
- Supporting and responding to questions from employees, managers, or People Partners that require specialized knowledge of company programs and plans.
- Collaborate with Philips legal, privacy and procurement teams to support plan administration
Benefits
- Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
