Director, Financial Benefits

Job Classification:
Corporate - Human Resources
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions!
Are you skilled in understanding benefits programs, interpreting data, and building and implementing recommendations?
We are looking for a Director, Financial Benefits to join our team! The Total Rewards/Employee Benefits Center of Expertise, within Human Resources, is responsible for the design, implementation and delivery of the company's U.S. employee benefit plans and programs. The employee population includes our U.S. based employees, retirees and deferred vested pensioners. Plans and programs encompass a broad array of benefits and programs, including healthcare, personal protection, absence, pension and savings, and wellbeing.
Reporting to the Lead of Global Benefits Strategy & Design, the Director, Financial Benefits is responsible for ensuring U.S. financial benefit programs (for example, savings, pension, life insurance, disability insurance and absence management programs) are competitive, cost effective and meet quality standards, handling vendor contracts, ensuring plans follow legislative and regulatory updates and developing approach and delivery for portions of Total Rewards strategy, Employee Benefits communication strategy and benefits pricing. In addition, the role is responsible for providing guidance and support to our international businesses on financial benefit programs, as needed.
The current Employee Work Arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:

• Ensure benefit programs are competitive, cost effective and meet quality standards. Gather and analyze external data and industry trends, conduct a financial impact assessment, build a project plan, and ensure the design follows legislative and regulatory updates
• Understand, analyze, and amend vendor contracts in place, gather feedback from the delivery team, conduct RFPs and obtain intelligence from vendors.
• Create implementation plan, develop materials for delivery team; develop and/or vet, validate and approve communications; develop and/or review education materials; provide support to delivery team on plan interpretation and sophisticated calculations.
• Understand current cost of benefits and benefits experience; conduct rate forecasting and develop rates for the following year; gather and analyze benchmark data on rates and cost-sharing; and create price tags. Analyze actual versus forecasted spend and benchmark data collection and analysis for programs.
• Work with internal and external partners regarding pension valuations and funding strategies.
• In support of the Lead - Global Benefits Strategy & Design assist in the development of approach and delivery mechanisms for the Total Rewards education strategy, join the merger and acquisition (M&A) deal teams (recommending what should happen to target plans, deciding how new employees fit into Prudential plans and developing communications strategy for M&A benefits requirements); and assist in the development of strategies to drive the health of the employee population.

What you'll need:

• 8 years' proven experience related to retirement and insurance benefits with financial, human resources and strong business knowledge
• Experience in developing and implementing a corporate benefit strategy with an affinity for innovative benefits program development
• Experience from a Fortune 500 company and highly matrix work environment
• Strong analytical skills to assimilate disparate data sets into cohesive integrated reports/presentations; able to draw connections from data to identify larger optimization opportunities.
• Thorough understanding of employee benefits industry trends and practices
• Ability to exercise discretion in decision making and judgment
• Proven track record to partner across the organization and establish relationships using collaboration and influencing skills

It'd be a plus if you had:

• Bachelor's Degree from an accredited college / university
• Actuarial background
• Strong consultative expertise; Management consulting desirable
• CEBS certification

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. People who have successfully developed their skills in similar roles may go on to be promoted within the Total Rewards/Employee Benefits Center of Expertise or could use their transferrable skills to move into roles within the broader Human Resources organization.
We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
• Retirement plans:
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $144,500.00 to $195,500.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
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