Onsite Work Expectations:
The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.
The primary focus of this and any people leader role is managing a team to be as successful as possible, meeting performance expectations and driving progress every day in our work. This team oversees the health and welfare benefits programs offered to employees, retirees and dependents of the Federal Reserve System. In doing that, the team manages many relationships and service performance of outsourced administrators and insurance providers. Continuous research of best practices, performing benchmarking analysis and comparisons, and evaluating emerging trends are key to effectively managing the programs.
You will be working in Newark, NJ for a division of the Federal Reserve Bank of Atlanta (Office of Employee Benefits) as part of the health & welfare team's one of two Benefits Plan Managers overseeing multiple programs, vendors and communicating with stakeholders across the Federal Reserve System.
You'll manage a team working across the Federal Reserve System, on multiple programs to research best practices, benchmark programs, evaluate trends, recommend and continuously evaluate the Federal Reserve's benefits program. You will report to the AVP, Health & Welfare Benefits.
We're looking for:
- An experienced and confident people leader, ideally having managed operational teams through change.
- Experience driving an operational team toward streamlined processes, efficiency gains, measuring and improving outcomes and bringing procedural rigor through leadership to a team.
Key Responsibilities: - Serves as coach and support to those accountable for vendor management responsibilities for System-wide benefits programs.
- Ensures self and team maintain current knowledge of and relevant certifications in legal, regulatory, plan compliance and changes for System benefits.
- Uses data to regularly recommend benefit plan strategies, evaluation of plan design changes, cost and participant impact.
- Lead continuous improvement in process and identify policy enhancements and opportunities to offer appropriate benefits backage to the Federal Reserve System.
- Develop and lead presentations for oversight committees and Reserve Bank and Board of Governors stakeholders.
- Lead high-visibility projects with measurable outcomes.
Education: Bachelor's Degree or 4 years equivalent experience
Experience: Eight+ years of experience preferred, at least three managing a team
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
- Comprehensive healthcare options (Medical, Dental, and Vision)
- 401K match, and a fully funded pension plan
- Paid vacation and holidays, flexible work environment
- Generously subsidized public transportation
- Education Assistance Program
- Professional development programs, training and conferences
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryHuman Resources Family Group
Work ShiftFirst (United States of America)
