Director, US & PR Health & Welfare Strategy

Working with Us
Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.

Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us.

Summary:

• The US & Puerto Rico Health and Welfare Benefits Strategist leads the development, design, maintenance and implementation an overarching Benefits strategy that delivers a healthy workforce for BMS.  The role will also lead the governance strategy for Health and Welfare benefits.

• A strong emphasis is placed on plan design, market trends, regulatory compliance, data driven decision making, vendor relations, and budget oversight to maintain and enhance the effectiveness of benefits offerings.  The role also includes the integration of benefits for newly acquired companies.

• The position partners closely with various stakeholders including local market leaders, human resources, finance/tax, legal, global procurement, local consultants, and People Services.  This position also partners with, helps select, and manage, external vendors and consultants.  

Detailed Position Responsibilities:

• Provides strategic oversight for all aspects of the company’s employee benefits policy and plans including Active and Retiree Health Care; Welfare and other related benefits plans such as Disability plans (Short and Long Term), Dental, Pharmacy Benefit Program, Life, HMO programs, voluntary, leaves and absence.

• Designs and delivers innovative, cost- effective health and wellness solutions to evolve Global Benefits to be a more strategic and forward-thinking function.

• Works closely with Finance, Actuaries, Legal, and the company’s Shared Services facility to ensure the company’s benefit plans, programs and initiatives are competitive, cost efficient and compliant.  Reviews plan documents and contracts for compliance with plan provisions and provide written analysis of potential contract additions.  Coordinates legal review to ensure that ERISA and other global statutory legislative requirements are met.

• Conceptualizes and presents business case for changes, and selects and oversees the various benefits consulting and services as needed. 

• Maintains external focus and knowledge of cutting edge benefits programs, trends, and “best practices”.  Stays alert and ahead of emerging government and IRS regulations, practices, policies, evaluating the appropriate strategies and suggesting changes in policies and programs as necessary.

• Responsible for managing the Company programs in compliance with regulations and aligned with Total Rewards Philosophy, analyzes claim experience and vendor relationships assuring competitive and cost effective benefit delivery

• Manages the ERISA appeal process, assuring compliance with fiduciary responsibilities and plan provisions, in close alignment with Legal team

• Assists in M&A transactions as needed

• Partners closely with the benefits operations team to ensure effective benefits delivery and operational excellence

• Oversees the effective communication of the company’s employee benefit plans, programs, changes, etc.  Articulates the value proposition of BMS’ health, benefit and well-being offerings to employees in a simple, yet effective manner.  Works closely with the Total Rewards Communications team as required.

• Proactively leverages data analytics to inform benefit vision, planning, and strategic mid and long-term goals.

• Designs, develop and delivers training and informational programs on benefits to People Services and other HR professionals and employees at all levels

• Represents company at Benefits related professional organizations and monitors/influences potential regulatory and/or legislative changes.

Must have requirements: