Position SummaryThe Americas Benefits Process and Product Design (Benefits PPD) is a pivotal role focused on implementing and managing comprehensive benefits programs with a customer-centric and successful vendor management approach. This position requires a blend of strategic planning, financial acumen, and operational excellence to ensure the delivery of top-tier benefits services that align with organizational goals and employee needs.
The Americas Benefits PPD will be responsible for vendor management and ensuring compliance with regulatory changes. A strong emphasis is placed on data management, vendor relations, and budget oversight to maintain and enhance the effectiveness of benefits offerings. The role demands a proactive stance on carrier performance evaluation, benefit comparisons, and integration of benefits for newly acquired companies.
Detailed Position Responsibilities1
. Vendor Management - Develop metrics to measure the cost-of-service delivery and ongoing administration and vendor utilization.
- Lead vendor management activities, contract renewals, ensuring service level agreements are exceeded.
- Critically evaluate carrier performance, processes and employee experience, establishing cost metrics for service delivery and administration.
- Cultivate strong vendor/carrier partnerships within the Americas region.
2. Governance and Compliance:- Proactively ensure compliance with legislative and regulatory changes, maintaining documentation and guaranteeing operational plan conformity.
- Strategically manage the distribution of annual compliance notices and communications within deadlines.
- Efficiently oversee data collection for pension governance, actuarial requirements, and plan compliance.
- Address escalations and resolve issues promptly.
3. Communication & Delivery:- In coordination with the Corporate Communications team ensure effective messaging and promotion of benefits offered by the Company, and support the communication of all benefit, work-life, and well-being programs.
- Implement robust communication plans to maximize benefits program awareness and optimize utilization.
4. Process improvement- Support implementation activities and provide insights in process improvement, automation and standarization.
- Provide insight on the standardization and best practices, leveraging available technology for benefits administration, retirement, wellness, and other employee benefit programs to increase participation, employee engagement and reduce operational cost.
- Act as subject matter expert to the benefits teams in areas of renewals, data analytics, and local compliance.
4. Mergers and Acquisitions - Lead and manage post-close activities related to 401K and health & well-being plans.
- Provide guidance and standardized approach for new benefits offered to acquired employees.
- Lead derisking project for defined benefit pension plan and formulate standard pension plan processes.
Desired ExperienceMust have requirements:- 5 to 7 years prior extensive experience in benefits administration, vendor management, and compliance regulations.
- In-depth understanding of pension governance, actuarial requirements, and plan compliance.
- Demonstrated ability to develop and implement effective communication strategies.
- Comprehensive knowledge of health and wellbeing assessment tools and interventions.
- Acquaintance with benefits standards and policies, especially for M&A integration.
- Proven capability to manage large-scale projects and multi-year implementation plans.
- Exceptional organizational, leadership, and communication skills, with a customer-centric approach and financial acumen.
Ideal Candidates Would Also Have: - Bachelor's Degree and/or the equivalent knowledge gained through progressive work experience.
- Consulting skills/ impact and influence abilities/ strong stakeholder management skills
- Experience working with current BMS HR and Total Rewards enabling systems: Workday, ServiceNow, Online Benefits Admin/Darwin, ADP.
- Ability to present complex information in a clear and convincing way to staff, callers, and functional business and technical groups.
#LI-Hybrid
Compensation Overview:Tampa - FL - US: $117,130 - $141,934
The starting compensation range(s) for this role are listed above for a full-time employee (FTE) basis. Additional incentive cash and stock opportunities (based on eligibility) may be available. The starting pay rate takes into account characteristics of the job, such as required skills, where the job is performed, the employee's work schedule, job-related knowledge, and experience. Final, individual compensation will be decided based on demonstrated experience.
Eligibility for specific benefits listed on our careers site may vary based on the job and location. For more on benefits, please visit https://careers.bms.com/life-at-bms/.
Benefit offerings are subject to the terms and conditions of the applicable plans in effect at the time and may require enrollment. Our benefits include:
- Health Coverage: Medical, pharmacy, dental, and vision care.
- Wellbeing Support: Programs such as BMS Well-Being Account, BMS Living Life Better, and Employee Assistance Programs (EAP).
- Financial Well-being and Protection: 401(k) plan, short- and long-term disability, life insurance, accident insurance, supplemental health insurance, business travel protection, personal liability protection, identity theft benefit, legal support, and survivor support.
Work-life benefits include:Paid Time Off
- US Exempt Employees: flexible time off (unlimited, with manager approval, 11 paid national holidays (not applicable to employees in Phoenix, AZ, Puerto Rico or Rayzebio employees)
- Phoenix, AZ, Puerto Rico and Rayzebio Exempt, Non-Exempt, Hourly Employees: 160 hours annual paid vacation for new hires with manager approval, 11 national holidays, and 3 optional holidays
Based on eligibility*, additional time off for employees may include unlimited paid sick time, up to 2 paid volunteer days per year, summer hours flexibility, leaves of absence for medical, personal, parental, caregiver, bereavement, and military needs and an annual Global Shutdown between Christmas and New Years Day.
All global employees full and part-time who are actively employed at and paid directly by BMS at the end of the calendar year are eligible to take advantage of the Global Shutdown.
*Eligibility Disclosure: The summer hours program is for United States (U.S.) office-based employees due to the unique nature of their work. Summer hours are generally not available for field sales and manufacturing operations and may also be limited for the capability centers. Employees in remote-by-design or lab-based roles may be eligible for summer hours, depending on the nature of their work, and should discuss eligibility with their manager. Employees covered under a collective bargaining agreement should consult that document to determine if they are eligible. Contractors, leased workers and other service providers are not eligible to participate in the program.
On-site ProtocolBMS has an occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
