Manager, Benefits - U.S. Health & Welfare

Dover Corp; Downers Grove (IL); On-site; USD 95,000 - 130,000; Full time

Job summary

Dover Corporation is seeking a U.S. Benefits Manager to lead financial management, analysis, strategy and performance of U.S. health and welfare programs for about 12,000 employees across operating companies.

You will partner with OpCo HR teams, vendors and consultants to support design, administration, compliance and ongoing program performance, with responsibilities spanning budgeting, renewal analysis and plan design evaluation. The role offers opportunities for growth within Dover.

Qualifications

• Bachelor's degree in Human Resources, Business Administration, Finance or a related field.
• 5+ years of U.S. health and welfare benefits experience with knowledge of medical, prescription drug, dental, vision, life insurance and disability programs.
• Strong analytical and financial acumen to analyze claims, enrollment, utilization and financial data.
• Experience with benefit budgeting, forecasting, renewal analysis and plan design evaluation.
• Demonstrated ownership, initiative and ability to manage multiple priorities independently.
• Strong vendor and project management skills and regulatory understanding (ERISA, ACA, COBRA, HIPAA, DOL).

Responsibilities

• Analyze benefit cost structure, funding arrangements, claims experience and utilization data.
• Monitor costs against forecast and identify risks, opportunities and cost drivers.
• Translate data into insights to support benefits programs and financial decisions.
• Support annual budgeting, forecasting and renewal processes and prepare analyses for leadership.
• Evaluate benefit plan design, funding and cost-management opportunities.
• Partner with leadership, consultants and vendors to assess changes and impacts.
• Manage aspects of U.S. health and welfare programs and monitor vendor performance.
• Ensure compliance with health and welfare regulations and maintain documentation.

Skills

Analytical skills

Financial acumen

Vendor management

Project management

Communication skills

Excel

PowerPoint

Regulatory knowledge

Education

Bachelor's degree in HR, Business, Finance or related field

Tools

Microsoft Excel

PowerPoint

Job description

The U.S. Benefits Manager is a key position supporting the financial management, analysis, strategy and ongoing performance of Dover Corporation's U.S. Health & Welfare benefit programs for approximately 12,000 U.S. employees across Dover's operating companies. Programs include medical, prescription drug, dental, vision, life insurance, short-term and long-term disability, and health and wellbeing programs.

The U.S. Benefits Manager will work closely with OpCo HR teams, benefits vendors, consultants and internal stakeholders to support financial management, plan design, administration, compliance, communication and ongoing program performance. This role requires an experienced benefits professional who can independently manage responsibilities from initial direction through completion, analyze complex information, identify trends and issues, and develop meaningful insights and recommendations.

The successful candidate will be analytical, resourceful, proactive and accountable, with strong critical thinking and sound judgment. This role provides broad exposure to U.S. benefits strategy, financial management, plan design and operations and significant opportunity for continued growth within Dover.

Key Responsibilities:

Financial Analysis & Reporting

• Analyze Dover's health and welfare cost structure, funding arrangements, claims experience, enrollment and utilization data to identify key financial drivers and trends.
• Monitor actual benefit costs against forecast, investigate material variances and identify underlying risks, opportunities and cost drivers.
• Translate financial and benefits data into meaningful insights to support benefits programs and financial decisions.
• Support annual budgeting, forecasting and renewal processes and prepare financial analyses, reporting and presentations for benefits leadership and other stakeholders.

Benefits Strategy, Plan Design & Program Performance

• Support the evaluation of benefit plan design, funding and cost-management opportunities using financial analysis, utilization data, market trends and benchmarking.
• Analyze benefit program performance and identify opportunities to improve cost effectiveness, competitiveness, employee value and long-term sustainability.
• Partner with benefits leadership, consultants and vendors to evaluate potential benefit changes, model alternatives and assess financial, employee and operational impacts.
• Conduct research and develop analyses and recommendations to support Dover's U.S. benefits strategy and longer-term priorities.

Benefits Administration & Vendor Management

• Manage assigned aspects of Dover's U.S. health and welfare benefit programs, including medical, prescription drug, dental, vision, life insurance and disability benefits.
• Monitor vendor performance, service levels and deliverables; identify trends or recurring issues, hold vendors accountable for commitments and elevate concerns as appropriate.
• Research and resolve escalated employee and HR inquiries, partnering with benefits vendors and internal stakeholders to identify root causes, drive issues through resolution and determine when broader review or strategic direction is required.
• Support annual enrollment, benefit implementations, plan changes and ongoing initiatives, including project coordination, materials review, vendor readiness and day-to-day benefits leadership coverage as needed.

Compliance & Governance

• Stay informed of legislative and regulatory developments affecting employer-sponsored health and welfare plans, assess potential implications for Dover and support implementation of required changes.

• Support required health and welfare filings, disclosures and plan documents, including Form 5500, SPDs, SMMs, Medicare-related requirements, prescription drug reporting and other applicable requirements.

• Maintain the health and welfare compliance calendar and proactively coordinate with internal partners, consultants and vendors to ensure requirements and deadlines are met.
• Maintain organized documentation of benefit program decisions, governance activities, deliverables and required records.

Benefits Communications, Engagement & Wellbeing

• Analyze employee questions, participation, utilization and outcomes data to identify opportunities to improve awareness, engagement and program effectiveness.
• Develop and coordinate benefits communications and education, including monthly OpCo HR toolkits, employee webinars, health campaigns and annual enrollment communications.
• Manage health and wellbeing initiatives, including onsite health screenings, flu vaccination clinics and other programs across Dover locations.
• Manage communication and engagement initiatives from planning through execution, partnering with OpCo HR teams and vendors to resolve issues and ensure timely, accurate delivery.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, Finance or a related field.
• 5+ years of progressively responsible U.S. health and welfare benefits experience, with strong knowledge of employer-sponsored medical, prescription drug, dental, vision, life insurance and disability programs; experience with large, multi-location or complex employers preferred.
• Strong analytical and financial acumen, with demonstrated ability to analyze claims, enrollment, utilization and financial data; identify trends and cost drivers; investigate variances; and translate findings into meaningful insights and recommendations.
• Experience with benefit budgeting, forecasting, renewal analysis and plan design evaluation, including the ability to assess financial and program performance and support recommendations.
• Strong critical thinking, problem-solving and business judgment, with the ability to independently research complex issues, evaluate information and develop well-supported conclusions and recommendations.
• Demonstrated ownership, initiative and intellectual curiosity, with the ability to independently manage multiple priorities, anticipate next steps and deliver accurate, thoughtful and review-ready work.
• Strong vendor and project management skills, with the ability to manage deliverables, monitor performance, hold partners accountable and drive issues through resolution.
• Working knowledge of health and welfare compliance requirements, including ERISA, ACA, COBRA, HIPAA, DOL and applicable reporting and disclosure requirements.
• Strong written and verbal communication skills, with the ability to clearly communicate complex benefits and financial information to different audiences.
• Advanced proficiency in Microsoft Excel and PowerPoint preferred.

STATEMENT OF NON-INCLUSIVITY:

This job description is not to be construed as a complete listing of the duties and responsibilities that may be given to any employee. The duties and responsibilities outlined in this position may be added to or changed when deemed appropriate and necessary by the person who is managerially responsible for this position.