Works independently with minimal guidance. Develops policy, practices and financial controls for benefit plans, including executive plans, and programs. Works with actuaries, accountants, auditors, lawyers, consultants and underwriters to develop benefit cost and design information. Works with managers in developing alternatives in plan design, funding and delivery of employee benefits. Insures benefit plans are written clearly and correctly, well understood by customers, and administered accurately and efficiently. Participates in defining or redefining the issues and scope of assigned projects, and determines approach and methodology for implementation. Key stakeholders include management, human resource professionals and vendors.
This position has substantial latitude for recommending changes in procedures, interpreting and applying plan provisions and company policy, and approving actions or decisions that have not been review by manager.
The external environment, including technology, competition, markets:
Understands overall changes in the benefits environment and analyzes how these changes impact our plans. The legislative arena continues to create challenges to keep benefit plans in compliance and cost effective. The technology revolution in the benefits market puts more pressure on plan sponsors to take risks and to stay ahead of the “curve” to be able to deliver quality, cost-effective benefits.
The internal environment, including interaction with others, (both inside and outside the company) policies/practices:
Works effectively with internal legal, tax, finance and human resource professionals. Designs and recommends changes in policies and practices that are aligned with business/HR strategy. Stays current with the impact of FASB and actuarial valuations on alternative cost structures;
Insures that outsourced relationships work well and that the integrity of the plans (the accurate and consistent enforcement of plan provisions) remains intact throughout the administrative process.
The work itself, e.g., problems, opportunities, change:
There are numerous opportunities to identify and recommend alternative policies and practices that can benefit both the company from a cost/productivity standpoint and employee relations. The challenge will be to balance employee relations with cost-effectiveness in every aspect of planning. Prevention, safety and productivity are also attributes that need to be considered in designing a sound benefits program.
Understands, communicates and successfully implements a wide variety of new programs and new legislative requirements while continuing to insure the integrity of existing Company plans; provides strong due diligence for ERISA compliance audits.
The company sponsors 22 health and welfare plans providing over 200 benefit levels, one retirement plan with approximately 200 benefit formulas and 3 savings plans.
Approximately 200 locations
Approximately 15 vendors
180,000 employees and former employees
Approximately 150 bargaining units
Approximately $1.1 billion in benefit expense annually
This position has an important impact on plan interpretation and administration, each of which has a direct impact on plan costs, administrative efficiency and accuracy, and the overall understanding, acceptance and appreciation of the benefit plans by employees. This position also reviews and renegotiates vendor costs on specific projects.
KNOWLEDGE & SKILLS:
The candidate must demonstrate strength in all of the following:
Computer and software usage;
Leadership and interpersonal skills;
Strategy development and benefit plan design;
Technical writing and other forms of communication, including presentation skills; and
The position requires both of the following:
College degree of four years or greater (or equivalent experience); and
Minimum of ten years of benefits experience in corporate, consulting or insurance environment.
International Paper offers a competitive salary and an excellent benefits package that includes medical, dental, disability, life and accident insurance, vacation as well as a 401(k) plan and retirement savings account. This is a great opportunity to start a career with a dynamic and proven manufacturing company.
2 openings. Employer will assist with relocation costs.
Additional Salary Information: Relocation is available