Principal Health and Wellbeing Consultant

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.

Position Summary
Ensures delivery of company medical and pharmacy benefits to active and retired employees and their covered family members. Leads the benefits function in the strategic design, evaluation, implementation, and on-going management of medical, pharmacy and related specialty care programs and initiatives, and develops innovative programs targeted to achieve our benefit goals.
Essential Responsibilities

• Program Management: Act as the primary liaison to medical and pharmacy vendors with regard to the design, development, implementation, operation and communication of the company's most critical and complex benefits programs for all employees and retirees, including the company medical, pharmacy and specialty care programs. Develop performance guarantees (PGs) and Service Level Agreements (SLAs), manage and ensure adherence to vendor contracts. Work closely with internal and external data analytics consultant(s) to review program metrics and ROI results, identify cost saving opportunities and to understand trends to predict future needs. Compliance: Ensure vendors are administering benefit plans in accordance with regulatory and legal compliance. Maintains knowledge of various state and federal laws that impact in-scope benefit programs. Ensure that vendor processes are compliant through both internal and external audits.
• Health & Wellbeing Program/Partner Identification: Identify new benefits/programs that support the overall goals and objectives of the Health and Wellbeing function. Manage RFPs, RFIs, market checks and audits in collaboration with internal peers and external consulting partners.
• General Employee Benefits Support: Act in a consulting-type relationship with internal/external partners to share knowledge, drive strategy decisions, and make recommendations. May collaborate with Communications to create and lead benefit education webinars. Actively participate in benefit-related organizations representing the company's interests. Act as a resource to team members for problem solving. Lead/ support other ad-hoc projects and perform other responsibilities as required.

Minimum Requirements

• Bachelor's degree in a business-related field or an equivalent combination of education and relevant experience.
• Eight years of progressively responsible benefits management experience and two years of vendor management experience, including in-depth knowledge of medical and pharmacy benefits issues, trends and practices preferred.
• Strong leadership, planning and organizational skills; demonstrated ability to make solid business judgments and provide guidance on priorities and technical implementation; and proven interpersonal and communication skills to effectively interface with individuals and groups at all levels of both internal and external organizations.
• Must have experience related to medical plan management.
• Pharmacy plan management experience is preferred.
• Current benefits certification through a recognized professional or educational organization is preferred.

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.

Non-Bargaining

The anticipated starting base pay for this position is: $92,300.00 to $130,566.66 per year

This position may also be eligible for the following benefits and/or pay components: Pay - Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

Pay and benefit packages may vary based on position. Some employees are under collective bargaining agreements, which determine the benefits they will receive. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

Deadline to Apply: 03/12/24

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ACCESSIBILITY STATEMENT
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