US Benefits Sr. Manager

Senior Manager Of Health & Welfare Benefits

The Senior Manager of Health & Welfare Benefits will focus on the design and strategy of U.S. employee health and insurance programs and will report to the Director, Global Health & Wellness. The ideal candidate has experience in managing self-insured plans, benefits and/or total reward programs and vendors, as well as collaborating across a large multidivisional organization.

Responsibilities

The position is responsible for analyzing cost and quality trends, identifying opportunities in design and execution for health & welfare benefits programs including employee experience programs such as the digital app, and implementation of clinical programs relating to medical and pharmacy. Role will also work closely with cross-functional teams to ensure programs are being executed as designed and for monitoring ongoing plan performance, including operational and financial reviews and reporting.

• Responsible for developing strategies to manage plan costs, improve health of population, and define the employee experience to provide competitive benefits and comply with health care reform regulations.
• Collaborate with Benefits Controller to develop and monitor Annual Operating Plan for PepsiCo U.S. Group Insurance budget.
• In partnership with the Director & Senior Director, provide guidance and direction to external vendors including consultants, insurance carriers, and other program providers to manage vendor performance, align on strategic priorities, and measure clinical and financial outcomes in line with stated strategies and objectives.
• Monitor, scorecard and identify drivers of medical trend to identify opportunities price, utilization and care management opportunities.
• Partner with internal and external stakeholders (benefits, HR, HR Operations, Legal, multiple vendors, etc.) as appropriate.
• Support the development and monitoring of U.S. group insurance plan expense, compliance and governance processes.

Compensation and Benefits:

• The expected compensation range for this position is between $118,700 - $198,800.
• Location, confirmed job-related skills, experience, and education will be considered in setting actual starting salary. Your recruiter can share more about the specific salary range during the hiring process.
• Bonus based on performance and eligibility target payout is 15% of annual salary paid out annually.
• Paid time off subject to eligibility, including paid parental leave, vacation, sick, and bereavement.
• In addition to salary, PepsiCo offers a comprehensive benefits package to support our employees and their families, subject to elections and eligibility: Medical, Dental, Vision, Disability, Health, and Dependent Care Reimbursement Accounts, Employee Assistance Program (EAP), Insurance (Accident, Group Legal, Life), Defined Contribution Retirement Plan.

Qualifications

• Bachelor's degree required, MBA preferred
• Strong working knowledge of employee benefit programs with at least 5 years of medical plan experience
• Ability to work in a high volume, fast-paced environment
• Strong organizational skills; must be able to prioritize, multitask and manage project deadlines
• Excellent analytical skills, attention to detail and the ability to analyze complex data; including ability to collaborate with finance and actuarial teams on budgeting and forecasting
• Strong verbal, written communication and executive-level presentation skills
• Ability to work as a team player and influence cross divisional teams as well as internal and external stakeholders
• Experience with union and global benefits a plus
• 5 to 7 years experience, preferably including Total Rewards and/or Finance and Accounting responsibility
• Must be willing and able to travel 5-15% of the time