Director of Benefits

Truist Bank•Charlotte, NC

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About The Position

Truist is seeking an experienced benefits professional responsible for designing, implementing, and managing Truist’s benefits programs with a combination of strategic vision and operational excellence - balancing financial stewardship and teammate engagement to deliver competitive, high-impact benefits that attract, retain, and inspire our teammates. In this key leadership role reporting to the Head of Total Rewards, the director will develop and administer Truist’s benefit and well-being programs, including health programs, life insurance, disability insurance, dental insurance, vision plans, 401(k), pension, non-qualified retirement plans, ESPP, severance, relocation, workers’ compensation, and other contracts and retiree agreements. This leader is also responsible for policies and compliance related to leave of absence programs. The ideal candidate will possess strong analytical and project-management skills that complement a long-term vision of the company’s total reward objectives. They will make the benefits programs more efficient and improve teammates’ understanding and engagement with the benefits programs offered to them.

Requirements

Bachelor’s degree in a business related major or equivalent education and related training
Ten years’ experience in the administration of benefit programs of various types including welfare and pension plans at a Fortune 200 company
Demonstrated ability to handle the administrative delivery of benefit programs with a high level of client service
Demonstrated ability to work well with people at all levels both internally and externally, including frequent communication with Executive Leadership and the Board of Directors
High level computer and analytic skills and abilities

Nice To Haves

Advanced communication, facilitator and client service skills
In-depth knowledge of tax and legal issues related to benefits matters and leave administration
Master’s degree and/or HR certifications

Responsibilities

Oversee the administration of the company’s benefits, leave administration, Workers’ Compensation, FMLA and ADA accommodation programs
Leads onsite HR Central support team and oversees the selection and management of vendors
Recommend and implement changes to benefit programs that increase their value to the company and our teammates, leveraging industry data.
Maintain a high level of knowledge on issues related to compliance, industry trends and legal issues
Assure that all benefit programs are operated in compliance with federal, state and local guidelines/laws and that all reports are prepared and filed accurately
Assure that all financial data related to the benefit programs, included budget and claims funding, are handled accurately and timely
Work with internal and external audit on plan financial statements and SOX reviews
Serve as HIPAA Privacy Officer for the Health Care Plan
Serve as chair of the Employee Benefits Plan Committee and report to the Board on activity, which includes overseeing the investments in the 401(k) and pension plans
Manager the company’s well-being program, including LifeForce and Momentum onUp