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Become A Benefit Director

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Working As A Benefit Director

  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Analyzing Data or Information
  • Making Decisions and Solving Problems
  • Establishing and Maintaining Interpersonal Relationships
  • Mostly Sitting

  • Make Decisions

  • $127,510

    Average Salary

What Does A Benefit Director Do At Carmax

* Own the overall design, administration, implementation and communication of all associate benefit programs, including Health, Wellness, qualified and non-qualified Financial Plans, Work/Life programs, (Leaves of) Absence and Workers Compensation programs.
* Lead and develop a team of best-in-class Benefits professionals.
* Monitor benefit trends and industry best practices, evaluate plan designs, advise and make recommendations to senior leadership with a focus on improving the health and wellbeing of associates while maximizing the value proposition of our benefits offering.
* Lead negotiation and contracting with benefit plan providers, vendors, auditors and consultants for services, products, and plan administration.
* Manage program financials and utilization, prepare annual budgets and track all benefits related expenses.
* Ensure that plans and programs are administered in compliance with federal, state and local regulations.
* Ensure that all benefit plan filings (such as Form 5500), notices, and audits are performed accurately and timely to maintain plan qualification and compliance.
* Analyze current and developing legislation, benefits and absence-related regulations and other environmental factors impacting plan performance and program competitiveness
* Lead preparation of key decisions for Governance Committees
* Prepare and execute plan documents, benefit agreements and amendments with legal counsel

What Does A Benefit Director Do At Target

* RESPONSIBILITIES1.Recommends the strategy, goals, and benefit offerings which address TM care needs, are easily understood and are cost effective
* Ensures alignment of health benefit programs with company's employment brand and strategic business objectives3
* Partner closely with the Population Health team members to ensure plan designs, disease management, care management and wellness initiatives deliver improved health outcomes and quality of care
* Collaborate with the Engagement and Compliance teams to ensure benefit programs are effectively communicated and legally compliant
* Partner with the Government Affairs department by utilizing knowledge of external market dynamics to influence at the federal, state and local regulatory level
* Manage vendors ensuring appropriate focus on innovation and best practice solutions
* Utilize benchmark data to ensure program competitiveness8
* Manage, coach and support the development needs of a team of SMEs
* Engage with internal and external partners to advance thinking around health care design and delivery
* Manage multiple project deliverables
* Provide regular status updates
* Minimum Requirements
* years benefits experience, preferably on health care design & innovation
* Strong leadership and project management skills
* Results driven
* Ability to maximize relationships and manage performance
* Strong problem solving, communication and decision-making skills
* Drives change
* Proficient in Microsoft Excel, Word

What Does A Benefit Director Do At Tenneco

* Collaborates with corporate, business unit and Human Resources leaders on all benefits programs in the Americas.
* Manages external consulting and service provider relationships as well as coordinates activities with internal/external auditors.
* Optimizes overall benefits spend balancing business requirements, employee preferences, market trends and government requirements.
* Oversees the preparation and communication of information to employees and former employees about benefit programs, procedures, changes and government-mandated disclosures.
* Evaluates employee benefit trends/best practices in benefits design and administration for consideration and implementation.
* Prepares annual benefits recommendations for senior management.
* Utilizes/develops recognized process controls in all areas of administration and project management to include regular communication with internal/external customers.
* Prepares materials, as required, for the Corporate Benefits Committee.
* Develops and supervises two staff members in accordance with performance management requirements.
* Serves as subject matter expert.
* Completes special projects, as assigned

What Does A Benefit Director Do At Under Armour, Inc.

* Provide strategic vision and operational excellence in oversight of global benefits (28 countries across LATAM, EMEA and APAC – and growing!)
* Review and administer global benefits programs, recommend modifications including improvement initiatives and plans which support UA’s strategy; set-up benefit programs in new countries.
* Manages U
* S. benefits activities, including benefit health, wellness, welfare, defined contribution plans, including vendors, program financials and policies for teammates.
* Drives effective communication of benefit strategies and programs.
* Manages the annual Benefits Open Enrollment processes and renewals.
* Ensures compliance with all benefit programs in accordance with location specific regulatory and legislative requirements; specifically in the U
* S. with provisions of ERISA, HIPAA, COBRA, ACA and other local regulatory and legislative requirements; coordinates preparation of filings – specifically in the U
* S. with federal and state agencies, including IRS and DOL and other regulatory agencies.
* Establishes and monitors budgets.
* Prepares financial reports to provide to leaders with understanding of benefit costs and trends to support efficient and effective delivery of benefit programs.
* Monitors administrative costs and pricing of benefit programs and recommends cost containment strategies, including alternate methods of administration.
* Prepares business cases for benefit reviews, renewals and proactively identifies industry and regional trends.
* Serves as primary contact for broker and plan vendors.
* Manages strong cross-functional relationships with payroll, finance, legal, compliance, facilities, communications, IT and other HR colleagues including the regional HR teams.
* Coach, mentor, motivate and supervise team members and influence them to take positive action and accountability for their assigned work.
* Be a champion for innovation in the benefit and wellness space.
* Know what best in class companies are doing and look to integrate best practices into the UA processes

What Does A Benefit Director Do At Yodle

* Advise management and ensure company compliance with all federal, state, and local laws.
* Measure and refine benefit programs, and assists with quality improvement efforts.
* Remain current with HR and employment laws and manage company relationships with state and local regulatory agencies.
* Propose, implement, and administer corporate policies, human resources policies, programs, and practices on corporate and local level.
* Assist with the development of orientation programs for new associates and guide field sales managers with employee relations best practices.
* Oversee employee benefit programs, 401(k) plan, Personal Time Off and sick leave processing, workers' compensation, and unemployment compensation (in conjunction with Benefits Manager and HR Managers).
* Serve as internal consultant to managers during employee situations, discipline, and termination.
* Manage, maintain, and direct health and safety programs in compliance with OSHA standards.
* Monitor wage and salary administration.
* Design, develop, and present statistical and management reports.
* Oversee and maintain corporate and property-level contracts, licenses, and permits as needed, alongside Facilities teams.
* Work collaboratively with the VP of HR and the Chief People Officer
* Help lower insurance premiums from maintaining the wellness program.
* Assist management and outside counsel on all corporate, legal, and regulatory matters.
* Effectively responds to inquiries from agencies, customers, and the business community

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How To Become A Benefit Director

Candidates need a combination of education and related work experience to become a compensation and benefits manager.

Education

Compensation and benefits managers need at least a bachelor’s degree for most positions, and some jobs require a master’s degree. Because not all undergraduate programs offer a degree in human resources, managers often have a bachelor’s degree in business administration, business management, finance, or a related field.

Some employers prefer to hire managers who have a master’s degree, particularly one with a concentration in human resources management, finance, or business administration (MBA).

Work Experience in a Related Occupation

Related work experience is essential for compensation and benefits managers. Managers often specialize in either compensation or benefits, depending on the type of experience they gain in previous jobs. For example, compensation and benefits managers often start out as compensation, benefits, and job analysis specialists. Work experience in other human resource fields, finance, or management is also helpful for getting a job as a compensation and benefits manager.

Licenses, Certifications, and Registrations

Although compensation and benefits managers are not legally required to be certified, certification can show expertise and credibility. Many employers prefer to hire certified candidates, and some positions may require certification.

Certification programs for management positions often require several years of related work experience to qualify for the certifying exam. Many professional associations for human resources workers offer certifications. Some associations, including the International Foundation of Employee Benefit Plans and WorldatWork, offer certification programs that specialize in compensation and benefits. Others, including the HR Certification Institute, offer general human resources credentials.  

Important Qualities

Analytical skills. Compensation and benefits managers must analyze data on salaries and the cost of benefits, and assess and devise programs that best fit an organization and its employees.

Business acumen. Compensation and benefits managers must manage a budget, build a case for their recommendations, and understand how compensation and benefits plans affect the company’s finances.

Communication skills. Compensation and benefits managers must direct staff, give presentations, and work with colleagues. For example, they may present the advantages of a certain pay scale to management and address any concerns.

Decisionmaking skills. Compensation and benefits managers must weigh the strengths and weaknesses of different pay structures and benefits plans and choose the best options for an organization. 

Leadership skills. Compensation and benefits managers must coordinate the work activities of their staff and properly administer compensation and benefits programs, ensuring work is completed accurately and on schedule.

Writing skills. Compensation and benefits managers must prepare clearly written informational materials on compensation and benefits plans for an organization’s employees. They must also clearly convey recommendations in written reports.

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Benefit Director jobs

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Real Benefit Director Salaries

Job Title Company Location Start Date Salary
Director of Global Benefits Riverbed Technology, Inc. San Francisco, CA Jun 20, 2016 $184,079 -
$195,000
Director, International Benefits Wal-Mart Associates, Inc. Bentonville, AR Apr 22, 2016 $134,159
Director, International Benefits Wal-Mart Associates, Inc. Bentonville, AR Sep 06, 2015 $130,886
Director, International Benefits Wal-Mart Associates, Inc. Bentonville, AR Sep 15, 2015 $130,886
HR Compensation & Benefits Director Naturally Leavened LLC Baltimore, MD Nov 21, 2014 $94,411
Director of Benefits Accelcia Business Services, Inc. Palo Alto, CA Jun 01, 2013 $93,163
Benefits Director Beall's, Inc. Bradenton, FL Jan 10, 2016 $91,000
Compensation & Benefits Director Beall's, Inc. Bradenton, FL Jan 10, 2016 $91,000

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Top Skills for A Benefit Director

RegulatoryComplianceBenefitProgramsPayrollSystemBenefitPlansFinancialAnalysisDisabilityRetirementPlansHrisCobraLifeInsuranceOpenEnrollmentFmlaWellnessProgramPlanDesignChangesErisaHipaaOversightHumanResourcesCustomerServiceBenefitsAdministration

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Top Benefit Director Skills

  1. Regulatory Compliance
  2. Benefit Programs
  3. Payroll System
You can check out examples of real life uses of top skills on resumes here:
  • Created program documentation and ensured regulatory compliance.
  • Benefit programs currently provided to approximately 5,000+ employees / 11,000+ lives.
  • Implemented process for electronic benefits deductions to feed directly into the payroll system.
  • Analyze benefit plans to ensure that they are achieving their intended objectives and are appropriate for the company.
  • Participated in compensation program development, cost mitigation, vendor sourcing and disease, care and disability management.

Top Benefit Director Employers

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