Senior Manager Benefits and Compensation

Versiti is a fusion of donors scientific curiosity and precision medicine that recognize the gifts of blood and life are precious. We are home to the world-renowned Blood Research Institute we enable life saving gifts from our donors and provide the science behind the medicine through our diagnostic laboratories. Versiti brings together outstanding minds with unparalleled experience in transfusion medicine transplantation stem cells and cellular therapies oncology and genomics diagnostic lab services and medical and scientific expertise. This combination of skill and knowledge results in improved patient outcomes higher quality services and reduced cost of care for hospitals blood centers hospital systems research and educational institutions and other health care providers. At Versiti we are passionate about improving the lives of patients and helping our healthcare partners thrive.

Reporting to the Director Total Rewards and People Operations the Senior Manager Benefits and Compensation is a hands on highly organized Total Rewards leader responsible for leading the organizations benefits strategy governance and operational performance while overseeing the compensation function. This role directs all aspects of health welfare wellbeing leave and retirement plans including plan design compliance with ERISA and related regulations fiduciary governance vendor management and day to day benefits operations. The position ensures programs are administered accurately efficiently and in a way that supports both organizational objectives and employee addition the Senior Manager provides leadership to the compensation team responsible for salary structures market pricing job evaluation and pay governance. The role collaborates with senior leadership to support the annual performance and pay cycle and contributes to executive compensation and sales compensation planning and governance. This position requires strong technical expertise in benefits and compensation sound judgment and the ability to lead teams influence stakeholders and steward programs that are critical to organizational effectiveness.

Benefits
Versiti provides a comprehensive benefits package based on your job classification. Full-time regular employes are eligible for Medical Dental and Vision Plans Paid Time Off (PTO) and Holidays Short- and Long-term disability life insurance 7% match dollar for dollar 401(k) voluntary programs discount programs others.

• Benefits Strategy Governance & Leadership
  • Lead the strategy design and roadmap for all health & welfare leave wellbeing and retirement programs to align with business goals and budget.
  • Serve as the senior benefits subject matter expert and advisor to HR leadership and the RBP/Benefits Committee present recommendations trends and outcomes to senior leaders.
  • Champion change management for benefits initiatives ensuring clarity of purpose stakeholder alignment and measurable outcomes.
• Plan Design Renewals & Vendor Management
  • Own annual benefits renewals (medical pharmacy dental vision life/AD&D disability FSA/HSA EAP wellbeing and leave programs) including RFPs plan design modeling funding strategies and rate/fee negotiations.
  • Lead relationships with brokers carriers TPAs and recordkeepers; define SLAs monitor performance and drive service recovery and continuous improvement.
  • Evaluate and implement wellbeing initiatives and decision support solutions to improve outcomes experience and affordability.
• Retirement Plan Oversight (403(b)/401(k))
  • Oversee recordkeeper and advisor relationships plan operations and annual requirements (e.g. audit support Form 5500 participant communications).
  • Partner on compliance testing (e.g. ADP/ACP 410(b) 415 402(g) 105(h) as applicable) and ensure timely remediation and filings.
  • Support committee governance plan amendments and participant education.
• Benefits Operations
  • Direct day to day benefits administration escalations and complex case resolution to ensure a seamless employee experience.
  • Lead open enrollment end to end: strategy configuration testing communications events resources and post OE audit.
  • Own the operational management of the employee communication ensuring accurate content intuitive navigation timely updates and alignment with communications and branding.
• HRIS/HCM Payroll & Data Integrity (Dayforce emphasis)
  • Partner with HRIS to configure and optimize benefits modules in Dayforce (or current HCM) maintain eligibility rules life event logic rates and evidence of insurability workflows.
  • Ensure accurate and timely payroll deductions arrears handling and reconciliation; oversee inbound/outbound vendor feeds (e.g. 834 401k files) and defect resolution.
  • Establish data governance testing protocols and change control processes to protect data quality and PHI.
• Employee Experience & Communications
  • Develop and deliver clear inclusive benefits communicationsSPDs/SMMs/SBCs enrollment guides toolkits webinars and manager enablement.
  • Implement decision support tools and concierge services that increase understanding and appropriate utilization.
  • Monitor employee feedback and service metrics to drive experience improvements.
• Compliance Risk & Audit
  • Ensure compliance with ERISA ACA (1094/1095 C) COBRA HIPAA IRC 125/105(h) Medicare Part D creditable coverage state/federal leave and all required notices.
  • Own filings and audits (e.g. Forms 5500 SARs) NDT/testing and auditor workbooks; coordinate with Legal/Compliance on plan documents and amendments.
  • Maintain robust internal controls protect PHI and manage regulatory inquiries and corrective actions.
• Financials Analytics & Market Competitiveness
  • Build and manage benefits budget and accruals; conduct claims/utilization analytics cost forecasts trend analysis and IBNR reviews.
• Compensation
  • Lead and support the Compensation team to ensure current salary structures ranges market pricing and pay governance.
  • Collaborate with Senior Leadership on annual merit bonus and incentive processes ensuring alignment with budget equity and governance.
  • Contribute to pay equity assessments and continuous improvement actions.
• Program Improvements & Transformation
  • Drive automation self service and process optimization across benefits retirement and portal operations.
  • Anticipate industry trends and market forces; pilot innovative solutions that enhance value affordability and employee well being.
  • Manage complex projects with clear plans milestones stakeholder updates and post implementation reviews.
• Performs other duties as required or assigned which are reasonably within the scope of the duties in this job classification
• Understands and performs in accordance with all applicable regulatory and compliance requirements
• Complies with all standard operating policies and procedures

Education

• Bachelors Degree from an accredited college or university in human resources finance business or related field required
• Masters Degree from an accredited college or university in human resources finance business or related field preferred

Experience

• 7-9 years of progressive Total Rewards experience with deep benefits administration/compliance and solid compensation exposure (merit/bonus cycles market pricing). Successful experience managing disability and wellness programs return to work programs leave of absence and related programs including interactions with Payroll required
• 4-6 years of experience leading teams working with senior level stakeholders and outside vendors. Successful development implementation communications and realization of welfare benefits programs required
• 4-6 years demonstrated experience with ERISA/ACA/HIPAA/COBRA requirements and retirement plan governance required
• Strong written and verbal communicator able to translate complex topics into clear employee friendly content required
• Proven vendor management project management and cross functional partnering skills required
• Proficiency with HRIS and benefits administration platforms; strong Excel skills (data modeling pivots lookups) preferred

Knowledge Skills and Abilities

• Deep knowledge of health and welfare plans including medical pharmacy dental vision life disability and wellbeing programs required
• Strong understanding of leave administration (FMLA ADA state/local programs) and related documentation requirements required
• Expertise in benefit plan compliance including ERISA ACA COBRA HIPAA IRC regulations and DOL/IRS reporting requirements required
• Analytical and problem-solving skills; working knowledge conducting complex calculations and analysis to determine benefits costs and ROI. Strong business acumen to understand business implications of benefits cost models required
• Ability to communicate with confidence in order to write interpret and explain information related to benefits both one-on-one and in groups; effective presentation skills required
• Track record of building and maintaining strong customer and cross-functional relationships while providing excellent customer service required

Licenses and Certifications

• Certified Employee Benefits Specialist (CEBS)-IFEBP preferred
• Certified Compensation Professional (CCP) desired

Tools and Technology

• Laptop required

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