Exelon Corporation

Director Benefits Strategy & Administration

Exelon Corporation • $169K — $233K *
Baltimore, MD 21215In-Person
Business Services
11 - 15 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in HR, Business Administration, Finance, Accounting, or related field.
  • 12+ years of experience in employee benefits or HR operations leadership.
  • Proven track record in managing health, welfare, and retirement benefits in complex organizations.
  • Strong knowledge of benefits administration, vendor management, and compliance requirements.
  • Financial modeling and analytical skills for budgeting and contribution strategy management.
  • Familiarity with ERISA, ACA, COBRA, and other benefits regulations.
  • Demonstrated leadership experience managing teams and driving process improvement.

Responsibilities

  • Develop enterprise benefits strategy aligned with workforce objectives.
  • Lead plan design and cost management initiatives for employee benefits.
  • Ensure effective administration of all health and welfare programs.
  • Oversee vendor management and contract negotiations for benefits administration.
  • Support labor negotiations with benefits analyses and budgeting.
  • Lead financial modeling and analysis for benefits programs.
  • Build organizational capability through team leadership and process improvement.

Benefits

  • 401(k) match and company contribution
  • Comprehensive medical, dental and vision insurance
  • Generous paid time off including maternity and parental leave
  • Employee Assistance Program for mental health support
  • Wellbeing programs including tuition reimbursement and fitness reimbursement
  • Referral bonus program
  • Additional benefits like adoption assistance and long-term incentives.
Full Job Description
Primary Purpose

Lead the development, governance, administration, and optimization of all health, welfare, retirement, and leave-related benefit programs. Responsible for integrating strategic plan design with operational execution, ensuring programs are competitive, compliant, cost-effective, and effectively administered through internal teams and external partners. This role serves as the primary leader for benefits vendor management, labor support, financial modeling, and benefits operations. This aligns with existing Exelon benefits strategy, governance, administration, vendor oversight, and labor support responsibilities found in internal HR service documentation.

**This is a multiple-location posting. The selected candidate may be based out of our Exelon Corporate Office locations in IL, DC, MD, or DE**

Primary Duties

  • Benefits Strategy & Plan Design
    • Develop and maintain enterprise benefits strategy aligned with workforce and business objectives.
    • Lead plan design, market benchmarking, cost management initiatives, and vendor innovation recommendations.
    • Evaluate emerging trends and develop recommendations for leadership decision-making.
    • Support long-range planning, budgeting, and benefits-related financial strategy.
  • Benefits Administration & Operations
    • Ensure effective administration of health, welfare, retirement, and executive benefit programs.
    • Oversee annual enrollment, employee communications, compliance activities, appeals, and escalated participant issues.
    • Ensure operational excellence across benefit processes, systems, and service delivery.
  • Vendor Governance & Administration
    • Serve as executive relationship owner for all benefits administration vendors, carriers, consultants, TPAs, and strategic partners.
    • Lead vendor selection, RFPs, contract negotiations, performance management, service-level oversight, compliance reviews, and audit support.
    • Establish governance processes, scorecards, and accountability measures to improve service, manage risk, and control costs.
  • Labor & Regulatory Support
    • Support labor negotiations by developing benefits analyses, cost projections, and bargaining proposals.
    • Partner with Labor Relations on contract interpretation, benefit costing, and implementation of negotiated changes.
    • Ensure compliance with ERISA, ACA, COBRA, pension regulations, and applicable federal, state, and local requirements.
  • Financial Modeling & Analytics
    • Lead benefit plan financial modeling, forecasting, contribution strategy development, and cost trend analysis.
    • Support annual budgets, long-range plans, rate case requirements, workforce planning, and executive presentations.
    • Utilize analytics to drive plan performance and identify opportunities for savings and improved outcomes.
  • Leadership & Team Development
    • Lead a combined Benefits Strategy and Administration team.
    • Establish clear accountability between strategic planning, vendor governance, compliance, and operational execution.
    • Build organizational capability through process simplification, standardization, and continuous improvement. (10%)

Job Scope

Leads strategy, governance, and administration for a broad portfolio of benefit plans, including multiple qualified and non-qualified retirement plans, legacy plan formulas, health and welfare programs and benefits provisions across union-represented and non-represented populations. Provides financial oversight for benefits programs, including budgeting, forecasting, contribution strategy, cost trend analysis, vendor fees, plan performance, and executive-level reporting. Manages a team of approximately 3 direct reports and 5 total staff, with accountability for prioritization, performance, capability building, process improvement, and cross-functional coordination.

Minimum Qualifications

  • Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or a related field.
  • 12 or more years of progressively responsible experience in employee benefits, total rewards, HR operations, or related HR functional leadership.
  • Demonstrated experience leading health, welfare, retirement, leave, and/or executive benefits programs in a complex organization.
  • Strong knowledge of benefits administration, plan design, vendor management, compliance requirements, and benefits governance practices.
  • Experience managing external vendors, consultants, carriers, TPAs, and/or benefits administration partners, including performance oversight and issue resolution.
  • Strong financial, analytical, and modeling skills, including experience with benefit cost forecasting, budgeting, contribution strategy, or plan performance analysis.
  • Working knowledge of applicable benefits laws and regulations, including ERISA, ACA, COBRA, HIPAA, and related federal, state, and local requirements.
  • Experience partnering with Legal, Labor Relations, Finance, HR Business Partners, and senior leadership on benefits-related matters.
  • Demonstrated leadership experience, including leading teams, managing priorities, building capability, and driving process improvement.
  • Excellent written, verbal, presentation, and executive communication skills.

Preferred Qualifications

  • Master's degree or relevant professional certification.
  • Experience supporting union/labor negotiations, collective bargaining agreements, or benefits-related labor costing.
  • Experience in a large, complex, matrixed, regulated, or multi-state organization.
  • Experience with benefits technology platforms, annual enrollment, participant communications, appeals, audits, and escalated employee issue resolution.
  • Ability to translate complex benefits, financial, and regulatory information into clear recommendations for senior leaders.

Benefits

  • Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors: $169,600.00/Yr. - $233,200.00/Yr. plus an additional $50K in Long Term Incentive Plan annually
  • Annual Bonus for eligible positions: 30%
  • 401(k) match and annual company contribution
  • Medical, dental and vision insurance
  • Life and disability insurance
  • Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
  • Employee Assistance Program and resources for mental and emotional support
  • Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
  • Referral bonus program
  • And much more

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.

About Exelon Corporation

Exelon Corporation is an American energy producer, trader, and distributor. The company provides services for energy generation businesses in the United States. The company owns, contracts, and invests in electric generating facilities such as nuclear, fossil, and hydroelectric generation facilities, as well as wind and solar facilities. It is also involved in the wholesale and retail customer supply of electric and natural gas products and services including renewable energy products, risk management services, natural gas exploration, and production activities. In addition, the company is engaged in the purchase and regulated retail sale of electricity and the provision of distribution and transmission services in northern Illinois, southeastern Pennsylvania, and central Maryland. It is also involved in the purchase and regulated retail sale of natural gases and the provision of distribution services in the Pennsylvania counties surrounding the City of Philadelphia, as well as in central Maryland including the City of Baltimore. Exelon Corporation operates through nine segments: Mid-Atlantic, Midwest, New England, New York, ERCOT, other regions, ComEd, PECO, and BGE. It sells electricity, natural gases, and other related products and solutions to various customers including distribution utilities, municipalities, and cooperatives, as well as to commercial, industrial, governmental, and residential customers. Founded in 1887, Exelon Corporation is headquartered in Chicago, Illinois.

Exelon Corporation Careers

Join the dynamic team at Exelon Corporation, a leader in the energy industry, where innovation, leadership, and professional growth are at the forefront of our operations. As one of the largest electric utility companies in the United States, Exelon offers unparalleled job opportunities and a commitment to diversity and sustainability that sets us apart.

Work You’ll Do

At Exelon, we empower our employees to excel in their careers by fostering an environment of continuous innovation and growth. Our diverse team of professionals is dedicated to shaping the future of energy with cutting-edge technologies and sustainable practices.

Explore Career Paths

Whether you're a seasoned professional or a recent graduate, Exelon has a variety of career paths to suit your skills and ambitions. From engineering to customer service, each position offers the chance to make a significant impact.

Internship Programs

Kickstart your career with an Exelon internship. Our programs provide invaluable industry experience and a chance to network with leaders in the field. Interns at Exelon are crucial team members, working on projects that advance both their careers and our company’s goals.

Professional Development

Invest in your future with Exelon’s robust professional development programs. We offer leadership training, skills enhancement workshops, and continuous learning opportunities that promote career advancement and personal growth.

Benefits and Culture

Exelon is committed to providing a supportive work environment with benefits that enhance the lives of our employees and their families. Our culture is built on respect, integrity, and inclusion, where every team member’s contribution is valued.

Join Our Team

Discover the opportunities that await at Exelon Corporation. We are actively hiring and looking for talented individuals who are passionate about building a sustainable future.

Search Exelon Jobs

Find open positions that match your skills and interests. We seek curious, innovative, and solution-driven team players.

Prepare for Your Interview

Stand out in your interview with Exelon by tailoring your resume to highlight relevant experience and skills. Our hiring process is designed to identify and attract professionals who are ready to lead and inspire.

Stay Connected

Keep up to date with the latest at Exelon Corporation by following our careers blog. Gain insider perspectives and industry-leading insights that you can apply to your professional life.

Networking and Career Growth

At Exelon, your career development is enhanced by our commitment to networking and mentorship. Connect with colleagues and leaders who can help guide your career path and open doors to new opportunities.

Diversity and Inclusion

We pride ourselves on fostering an inclusive workplace where diverse perspectives are celebrated. Exelon’s commitment to diversity training ensures that all employees have the opportunity to thrive. Join Exelon Corporation today and be part of a team that is dedicated to innovation, leadership, and the future of energy. Explore job opportunities and embark on a rewarding career path that offers growth, stability, and a chance to make a difference.
Learn more about Exelon Corporation
Size
31,518 employees
Market Cap
$42.3 billion
Industry
Energy & Utilities
Net Income
$1.9 billion
Founded
2000
5 Year Trend
+3%
Revenue
$33 billion
NASDAQ
EXC
* Ladders Estimates

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