Director of Benefits overseeing employee health, well-being, and retirement programs at Xcel Energy. Seeking visionary leader for strategic benefits program design and implementation.
Responsibilities
Develop and execute a comprehensive benefits strategy that aligns with the Total Rewards organization’s philosophy to support business objectives
Champion innovative program offers in response to diverse workforce demographics and needs
Benchmark existing programs against industry standards and leverage workforce analytics, program data and employee surveys to assess the effectiveness and return on investment of benefits programs
Make evidence-based decisions for continuous improvement by analyzing program costs, utilization, and claims data to optimize plan design and control expenses while maintaining or enhancing value for employees
Partner with HR Technology and HR Operations to ensure understanding of system and administration implications based on new and revised plan design structures
Collaborate closely with the Total Rewards Program Manager on labor strategy framework and serve as a backup when needed in negotiation sessions
Lead the selection and management of third-party benefits vendors and consultants through the development of RFPs, proposal evaluation, and solution implementation
Foster strong relationships with external partners to ensure high-quality service delivery and continuous innovation
Partner with Finance and vendors to monitor costs, analyze financial drivers, and find ways to reduce impact
Work with Sourcing to manage agreements and establish plans for assessing terms and negotiating before contract expiration
Partner with legal counsel and external advisors to stay abreast of regulatory trends and proactively respond to legislative changes to ensure all benefits programs comply with federal, state, and local regulations
Oversee audits, reporting, filings, and documentation to mitigate risk and maintain legal compliance
Develop and execute comprehensive benefits communication strategies to maximize awareness, understanding, and employee participation
Solicit and incorporate employee feedback to ensure programs meet evolving needs and preferences
Build, mentor, and lead a high-performing benefits team, fostering a culture of excellence, collaboration, and continuous learning
Promote cross-functional partnerships within HR, finance, legal, and operations to drive integrated solutions and strategic alignment
Requirements
Bachelor's degree in HR, business, or related field or an equivalent combination of education and relevant experience
Advanced degree preferred
10+ years of progressive experience in benefits, with at least 5 years in a leadership or strategic role
Comprehensive knowledge of employee benefits, including health and welfare, retirement, voluntary benefits, and wellness programs
Strong understanding of relevant laws and regulations governing benefits at the federal and state levels
Demonstrated expertise in program design, vendor management, data analysis, and cost management
Proficiency with HRIS, benefits administration systems, and analytics platforms
Professional certifications such as CEBS, SPHR, SHRM-SCP, or similar credentials preferred
Workday experience as a user preferred
Prior union exposure / labor negotiation exposure (supported a company that has bargaining employees) preferred
Benefits
Annual Incentive Program
Long Term Incentive
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)
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