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Benefits Director - Health & Welfare (OEB)

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

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See open jobs at Federal Reserve Bank of Minneapolis.
Accounting & Finance
Newark, NJ, USA
Posted on Tuesday, January 30, 2024

Company

Federal Reserve Bank of AtlantaAs an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

Summary:

The Office of Employee Benefits (OEB) is responsible for the administration of the Federal Reserve System`s benefit programs, supporting a broad benefits strategy. Accountable for development, oversight, administration, communication, and measurement of these benefits programs. Responsible for the design and oversight of benefits programs that align rewards with the Bank's overarching goals. You will analyze market data to assess competitive positioning and manage benefit programs and processes. You will be part of the OEB health and welfare leadership team responsible for providing oversight, strategic direction and development opportunities for other People Leaders and experienced professionals. You will report to the SVP Health and Welfare.

We are a hybrid work environment.

Location: Newark, N.J.

Key Responsibilities:

  • Responsible for the management and strategic direction of health care, income protection, and wellness plans.

  • Provide leadership and oversight, development opportunities, and strategic direction to other People Leaders and experienced benefits professionals. Perform personnel management functions such as hiring, staff development counseling, employee performance appraisals, compensation decisions, and other personnel actions.

  • Provide strategic direction for long-term results by studying and evaluating benefit trends and the environmental landscape to analyze all assigned benefit plans and make vendor recommendations. Recommend benefit plan design & enhancements, communicate developments in the benefits marketplace, and continue to be well versed in industry best practices - leveraging information to make strategic recommendations.

  • Advise, educate, and influence others across the Federal Reserve Bank system and cross functionally inside the OEB on various benefit program topics including new benefit programs, regulatory changes and policies and procedures.

Education: Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred

Experience: Eight plus years preferred

Managerial Competencies:

  • Communicates Effectively/Displays Interpersonal Savvy

  • Demonstrates Decision Quality

  • Develops and Engages Talent

  • Ensures Accountability

  • Exhibits Courage

  • Reflects a Strategic Mindset

  • Values Differences

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).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Law Enforcement/Protection/Security

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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