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Posted: 13-Nov-24
Location: Dallas, Texas
Salary: Open
Categories:
Internal Number: 24018612
JOB SUMMARY
Reporting to the SVP, Total Rewards and Strategic HR Business Services, the VP Wellbeing & Benefits is responsible for developing, implementing, and monitoring benefits programs for Baylor Scott and White Health (BSWH) that meaningfully support all team members. Functional areas of expertise may include medical, dental, life, disability, paid time off, recognition, retirement, and wellness. Ensures BSWH benefits offerings remain market competitive/leading while aligning with enterprise financial objectives. Evaluates and negotiates contracts with providers. Develops benefits communications and advises and counsels employees on benefits related issues. Ensures compliance with federal, state, and local legislation regarding taxes, reporting, and privacy issues. Keeps abreast of global benefits trends and ensures compliance with all laws and regulations concerning benefits practices.
A system Vice President (VP) develops strategy and business plans for one or more business units or functional areas. Business unit or area may include a level of smaller entity vice presidents (e.g., small hospitals, clinics, etc.). Leads strategy development and execution, identifies resourcing needs, and provides guidance for significant tactical decisions. Focuses on current-year operations and participates in establishing multi-year strategies and business plans. Erroneous decisions at this level tend to have a long-term negative effect on the success of the organization. Leads and directs a large division, multiple departments, or a single business unit. Typically directs multiple levels of subordinate vice presidents (entity/region), directors, and/or managers covering varied disciplines and skill levels. Has managerial accountability for staffing and budgets for a large span of control (at least 2 directors/managers) or is over a critical but small staff function. Exercises wide latitude in determining objectives and approaches to critical assignments. Responsible for executing a portion of the business strategy.
ESSENTIAL FUNCTIONS
- Create and maintain a future-looking 3-5-year roadmap of benefit, recognition, and wellbeing strategies expected to yield tangible improvements felt by BSWH team members.
- Drive the utilization and performance of meaningful benefit, recognition, and wellbeing programs while improving understanding, importance, and satisfaction by our BSWH team members.
- Recommend changes or additions to benefit programs to optimize service delivery and return on investment. Coordinates decisions with the benefits administration and investment committees.
- Serve as a trusted advisor and coach focused on optimizing education and creative solutions to unique and complex business problems.
- Lead all aspects of the benefits and wellbeing teams always in collaboration across Human Resources, Finance and Operations teams.
- Engage with internal management committees and lead the preparation of materials for the Benefits Operations Committee.
- Work closely with VP Compensation to develop and show the value of a combined total rewards philosophy and execution approach.
- Oversee financial aspects of benefit programs, including bi-weekly funding of programs, cash movement of the non-qualified trusts (corporate assets), and monitoring liquidity of the defined benefit plan.
- Monitor legislative and regulatory changes affecting plan designs and administration and set policy and plan administration guidelines.
- Identify and resolve complex problems concerning design, administration, and compliance of the program, partner to resolve prioritized pain points.
- Direct day-to-day administration of the plans through oversight of staff and vendors, ensuring processes are documented and technology tools are accurately and adequately meeting the needs of the programs.
- Build and maintain relationships with other departments in the organization on benefit program matters relative to business activities and initiatives such as, acquisitions, divestitures, and program governance.
- Select and lead outside vendors in partnership with HR and Operations leadership, including Health and Welfare and Retirement vendors and systems.
KEY SUCCESS FACTORS
- 7 years of experience with at least 3 years in a leadership role.
- Experience leading benefits programs for a large, complex organization.
- Ability to engage and influence executive and senior leadership.
- Experience negotiating and directing third-party consultants and vendors.
- Exceptional interpersonal, verbal, written, and presentation skills.
- Results-driven and deeply collaborative, with strong project management skills.
MINIMUM REQUIREMENTS
- Bachelor's or 4 years of work experience above the minimum qualification
- 7 years of experience