VP, Employee Benefits

Chubb; New York (NY); On-site; USD 204,000 - 276,000; Full time

Job summary

Chubb seeks a Vice President, Employee Benefits to oversee strategic design and management of employee benefit programs. This leadership role focuses on aligning benefits with company strategy and compliance, while managing vendor relationships and budget oversight. The ideal candidate will have extensive experience in benefits management and strong communication skills.

Benefits

Comprehensive benefits package

Qualifications

• 10+ years of relevant benefits experience.
• Proven track record in managing teams in a large firm.

Responsibilities

• Lead strategy and design of North America benefit programs.
• Oversee and manage the budget for all benefit plans.
• Directly lead a team of 2 Benefits Strategy professionals.

Skills

Communication Skills

Financial Acumen

Operational Excellence

Education

Masters or Bachelors degree

Job description

Job Description

The Vice President, Employee Benefits will play a pivotal role in shaping and overseeing the strategic design, development, management, compliance, and optimization of our employee benefit programs, including retirement, health, welfare, and wellness initiatives. This leadership position is critical in ensuring that our benefits offerings not only align with the company’s strategy but also support our talent management objectives and adhere to all legal and regulatory requirements.

With a primary focus on North American programs across the US, Canada, and Bermuda, the VP, Employee Benefits will also bring expertise in international benefits management. This role will collaborate closely with regional Total Rewards leaders and serve as the global governance link for senior leadership.

The ideal candidate will sit in our Whitehouse Station, NJ, Philadelphia, PA, or New York, NY offices.

Position Reporting

This position reports directly to the Executive Vice President of Total Rewards & HR Services, with a matrix reporting relationship to the Executive Vice President of North America HR. The VP of Global Benefits will be a member of the North America HR Leadership team.

Key Responsibilities

1. Strategic Leadership: 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.
2. Data-Driven Insights: 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.
3. Vendor Management: 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, and HR Services.
4. Committee Leadership: Serve as chairperson of the Retirement Administrative and Welfare Committees, ensuring compliance and effective administration of programs managed by internal resources or third-party vendors.
5. Budget Oversight: Oversee and manage the budget for all benefit plans, collaborating with the Finance team during the annual budgeting process.
6. Benefit Administration: Provide oversight for benefit administration, monitoring vendor performance to ensure high-quality service delivery. Participate in periodic vendor assessments and lead the implementation of new vendor relationships as required.
7. Communication Strategy: Develop and execute a comprehensive communication strategy to effectively convey benefit strategies and programs, ensuring employees and plan participants understand the value of our offerings.
8. Thought Leadership: Provide expertise and thought leadership to departmental and cross-functional initiatives. Lead benefit plan due diligence related to merger and acquisition activities.
9. Team Leadership: Directly lead a team of 2 Benefits Strategy professionals and share leadership accountability for the Benefits Operations team of 7 within HR Services.

Qualifications

1. Experience: 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.
2. Education: A Masters or Bachelors degree or an equivalent combination of education and relevant experience.
3. Technical Expertise: Deep knowledge of benefits design and administration, including regulatory, tax, and legislative matters impacting program design and administration.
4. Communication Skills: Exceptional written and verbal communication skills, with the ability to effectively discuss and influence technical benefit matters with senior leaders, including C-suite executives.
5. Financial Acumen: Strong financial and analytical skills for conducting cost-benefit analyses and managing benefit expenses.
6. Operational Excellence: Demonstrated ability to translate vision into action, manage multiple priorities, improve operations, and maintain positive relationships while delivering results in a fast-paced environment.
7. Leadership Skills: Proven coaching, mentoring, and employee development capabilities.

The pay range for the role is $204,300 to $275,700. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details of which can be found on our careers website. The disclosed pay range estimate may be adjusted for geographic location.

About Us

Chubb is a world leader in insurance. Operating in 54 countries, Chubb provides various insurance products to a diverse client base. We are committed to equal employment opportunity and non-discrimination in all employment practices.