Synchrony

VP, Benefits

Synchrony$110K — $185K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree and minimum of 5 years' experience in employee benefits or 9+ years without degree
  • 3 years' leadership experience in benefits within an organization
  • Proven expertise in benefits planning, design, and development
  • In-depth knowledge of federal and state regulations affecting benefit plans
  • Excellent interpersonal skills with the ability to influence senior leaders
  • Strong business partnering and consulting abilities
  • Experience managing healthcare costs effectively

Responsibilities

  • Collaborate with HR Business Partners and leaders to coordinate company-wide benefit programs
  • Recommend innovative benefit programs through analysis and engagement with external consultants
  • Manage vendor relationships to ensure organizational support for benefits
  • Execute special projects and other assigned duties

Benefits

  • Flexibility to work from home or at company offices
  • Eligibility for annual performance-based bonus
  • Opportunities for continued professional development and training
  • Engagement activities and events to foster company culture
  • Commuting to nearby Hubs for essential in-person interactions
Full Job Description
Role Summary/Purpose:

This position will provide benefit strategies, policies and programs that align with Synchrony's objectives in a cost-effective manner. The position will report to the SVP Compensation & Benefits.

Essential Responsibilities:
  • Work closely with HR Business Partners and Senior Leaders to plan, direct, coordinate and communicate company-wide benefit programs including health and welfare, retirement, 401(k), and wellness plans.
  • Recommend and implement innovative programs through internal analysis, modeling and interaction with consultants, insurance agents, brokers, and administrators.
  • Oversee and manage appropriate vendor relationships both internal and external to the organization to ensure the function sufficiently supports the company now and in the future.
  • Perform other duties and/or special projects as assigned


Qualifications/Requirements:
  • Bachelor's Degree and minimum of 5 years' experience in employee benefits - in lieu of a degree, 9+ years of experience in employee benefits
  • 3 years' experience in a leadership position within the benefits area of an organization
  • Industry knowledge of and a proven track record of benefits planning, design and development
  • In-depth knowledge of all pertinent federal and state regulations, filing and compliance requirements both adopted and pending affecting benefit plans
  • Excellent interpersonal skills to work with employees and managers at all levels, including proven ability to influence senior leaders
  • Proven ability to create and execute human resource strategies and plans in support of the business goals
  • Strong business partnering/consulting skills
  • High touch focus with employees, including the ability to deliver on employee communications needs for benefit plans
  • Track record of effectively managing Health Care costs
  • Ability and flexibility to travel for business as required


Desired Characteristics:
  • Experience delivering benefit programs for both exempt and non-exempt employee populations
  • Proven track record of integration efforts
  • Leader in HR benefits best practices
  • Exceptional project management experience
  • Ability to effectively manage and motivate cross-functional team


Grade/Level: 12

The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Our Way of Working:

We're proud to offer you flexibility. At Synchrony, our way of working allows you to have the option to work from home near one of our Hubs or come into one of our offices. You will be required to commute to your nearest Hub (either virtual or physical) for in-person engagement activities such as regular business or team meetings, training and culture events.

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences.

Eligibility Requirements:
  • You must be 18 years or older
  • You must have a high school diploma or equivalent
  • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
  • New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).


Job Family Group:
Human Resources

About Synchrony

Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®.
Learn more about Synchrony
Size
18,000 employees
Market Cap
$14.4 billion
Industry
Net Income
$1.3 billion
Founded
1993
5 Year Trend
+0.7%
NASDAQ

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