Morgan Stanley

Benefits Manager – Healthcare Strategy

Morgan Stanley$91K — $131K *
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree from an accredited institution.
  • 3+ years experience in a corporate benefits team, health plan administration, or consulting.
  • Deep knowledge of employer-provided health benefits.
  • Proficiency in the MS Office suite.
  • Demonstrated understanding of healthcare industry dynamics.

Responsibilities

  • Analyze and evaluate existing benefit plans for competitiveness and gaps.
  • Benchmark plans against industry peers and gather market data to inform strategies.
  • Monitor health plan performance and utilization trends for efficiency improvements.
  • Develop business cases for proposed benefit changes, focusing on costs and outcomes.
  • Collaborate on long-term health plan strategies emphasizing quality and employee experience.
  • Evaluate new vendor partnerships and lead vendor selection processes.
  • Manage vendor contracts, ensuring performance guarantees are met.

Benefits

  • Opportunity to work in a fast-paced, innovative environment.
  • Collaboration with various departments to drive organizational goals.
  • Continuous learning opportunities through industry trend evaluation.
  • Participation in developing health and well-being strategies.
  • Engagement with diverse teams and leadership for enriched perspectives.
Full Job Description

Attributes you will bring to the team:

  • Subject Matter Expertise: You bring strong knowledge of employer-sponsored health benefits, including medical, dental, vision, and pharmacy, along with broader healthcare industry experience across vendors, payers, and health systems.
  • Strategic Focus & Intellectual Curiosity: You are an organized self-starter who evaluates opportunities thoughtfully, balances employee experience, compliance, and risk, and looks for creative ways to improve the status quo.
  • Analytical Mindset: You use data to guide decisions and identify ways to strengthen strategy, administration, and outcomes.
  • Flexibility & Accountability: You work well in a fast-paced environment, adapt quickly to change, and deliver accurate, timely results.
  • Collaboration: You partner effectively across teams and leadership, incorporate diverse perspectives, and help develop plans aligned to organizational goals.
  • Excellent Communication Skills: You simplify complex benefits concepts and communicate clearly in writing, presentations, and conversations with employees and Firm stakeholders.

Your responsibilities will include:

Strategic evaluation of benefit plans

  • Analyze current benefit plans and programs to assess competitiveness, determine gaps and identify opportunities
  • Benchmark our plans, products and vendors against our peers continuously; use market data to help identify trends to inform benefits and well-being strategies
  • Monitor health plan performance, utilization patterns and cost trends to inform plan changes that improve financial management and plan  efficiency, in conjunction with Benefits Analytics
  • Assess qualitative and quantitative implications of benefit plan changes; develop business cases for proposed changes, including pricing considerations
  • Collaborate on a multi-year strategy for our health plans and vendors that focuses on health outcomes, quality, cost and the employee experience
  • Stay up-to-date on industry trends and vendor offering developments

New vendor/program evaluation

  • Evaluate new vendors and vendor pitches to determine potential partnerships
  • Lead or assist with vendor RFPs and vendor selection process
  • Work in close partnership with team lead to develop strategy around new vendor design and implementation, including program configuration, pricing structure, and communications, in conjunction with internal Benefits, Sourcing, Legal, Technology and Communications partners

General plan management and governance       

  • Conduct annual vendor contracts review and negotiations with a focus on performance guarantees
  • Collaborate on annual review and updating of SPDs
  • Support Annual Enrollment processes
  • Stay current on regulatory and legislative developments; partner with ERISA counsel and vendors to assess impact and implement required plan and document updates.

Analytics & Financial Oversight

  • Analyze plan data to inform benefit strategy using data warehouse
  • Support data gathering and analysis for external surveys on our benefit offerings
  • Drive efforts to track, plan, and deliver regulatory reporting needs to ensure federal, state and local compliance
  • Support financial operations including budgeting, payments and reconciliations


Required Qualifications:

  • Bachelor’s degree from an accredited institution.
  • 3+ years of work experience on a corporate benefits team, health plan administrator or consulting firm
  • Demonstrated experience with employer-provided health benefits
  • Proficiency in MS Office suite

Expected base pay rates for the role will be between $91,000 and $131,500 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

About Morgan Stanley

Morgan Stanley Investment Management are active managers of capital, working to outperform the market and deliver results for their clients. Morgan Stanley Investment Management's long-tenured professionals apply their experience and expertise across public and private markets, in single-sector, multi-asset and custom solutions.

Morgan Stanley Careers

Joining Morgan Stanley today means becoming part of a global team dedicated to strengthening communities, pioneering innovation, and fostering diversity. As a leading global financial services firm, Morgan Stanley offers unparalleled job opportunities, career growth, and a culture of leadership that together create an exceptional employment experience. Work You’ll Do At Morgan Stanley, you will collaborate with knowledgeable professionals to drive innovation and deliver solutions in financial services. Our team is composed of diverse, talented individuals who bring their unique skills and perspectives to work every day, setting the standard for leadership in the global market. Morgan Stanley is not just a company; it's a place where ambitious, creative, and skilled individuals can build a rewarding career. Here, you can experience the benefits of a vibrant culture dedicated to professional growth and diversity training. Internship Programs Kickstart your career with Morgan Stanley’s internship programs. These positions offer invaluable industry insights and professional experience to students and recent graduates. Interns at Morgan Stanley gain hands-on experience, working alongside seasoned experts in a dynamic, supportive environment. Innovation and Professional Growth We believe in the power of innovation to solve complex problems and encourage our team to think differently and act boldly. Morgan Stanley supports your career development through comprehensive training, development programs, and leadership workshops, ensuring that every employee has the tools they need to succeed. Join Our Team Explore the various job opportunities at Morgan Stanley, from entry-level positions to executive roles. We are hiring individuals who are passionate about finance and eager to contribute to a team that values integrity, excellence, and a forward-thinking mindset. Enhance your skills through our networking events, mentorship opportunities, and ongoing professional development. Stay Connected Keep up to date with the latest from Morgan Stanley Careers by subscribing to our job alert emails. Tailor your preferences to receive updates about new postings, career tips, and exclusive insights from our team leaders. Apply Now Ready to take the next step in your career? Search open positions that match your skills and interests on the Morgan Stanley Jobs portal. Prepare your resume, refine your interview techniques, and join a company that values innovation and leadership. At Morgan Stanley, we’re not just building careers—we’re developing leaders. Discover how far your talents can take you by joining our team today.
Learn more about Morgan Stanley
Size
77,000 employees
Market Cap
$144.1 billion
Industry
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ

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