VP, Employee Benefits (Finance)

JOB DESCRIPTION

The Vice President, Employee Benefits will play a pivotal role in shaping and overseeing the strategic design, development, management, compliance, and optimization of our employee benefit programs, including retirement, health, welfare, and wellness initiatives. This leadership position is critical in ensuring that our benefits offerings not only align with the company's strategy but also support our talent management objectives and adhere to all legal and regulatory requirements.

With a primary focus on North American programs across the US, Canada, and Bermuda, the VP, Employee Benefits will also bring expertise in international benefits management. This role will collaborate closely with regional Total Rewards leaders and serve as the global governance link for senior leadership.

The ideal candidate will sit in our Whitehouse Station, NJ, Philadelphia, PA or New York, NY offices.

Position Reporting

This position reports directly to the Executive Vice President of Total Rewards & HR Services, with a matrix reporting relationship to the Executive Vice President of North America HR. The VP of Global Benefits will be a member of the North America HR Leadership team.

Key Responsibilities

• Strategic Leadership: Lead the strategy and design of all North America benefit programs. Monitor emerging trends and shifts in business direction, proactively assessing and benchmarking programs to enhance competitiveness and relevance, while aligning with strategic and financial goals and supporting employee engagement
• Data-Driven Insights: Utilize strong analytical capabilities to evaluate the performance, competitiveness, and cost-effectiveness of benefits programs. Leverage data-driven insights to guide strategic enhancements and ensure alignment with organizational objectives.
• Vendor Management: Own and cultivate strategic relationships with all benefit vendors (e.g., brokers, consultants, insurance carriers, record-keepers) and other administrative or legislative agencies. Collaborate effectively with internal partners, including Legal, Tax, Finance, and HR Services.
• Committee Leadership: Serve as chairperson of the Retirement Administrative and Welfare Committees, ensuring compliance and effective administration of programs managed by internal resources or third-party vendors.
• Budget Oversight: Oversee and manage the budget for all benefit plans, collaborating with the Finance team during the annual budgeting process.
• Benefit Administration: Provide oversight for benefit administration, monitoring vendor performance to ensure high-quality service delivery. Participate in periodic vendor assessments and lead the implementation of new vendor relationships as required.
• Communication Strategy: Develop and execute a comprehensive communication strategy to effectively convey benefit strategies and programs, ensuring employees and plan participants understand the value of our offerings.
• Thought Leadership: Provide expertise and thought leadership to departmental and cross-functional initiatives. Lead benefit plan due diligence related to merger and acquisition activities.
• Team Leadership: Directly lead a team of 2 Benefits Strategy professionals and share leadership accountability for the Benefits Operations team of 7 within HR Services.

QUALIFICATIONS

• Experience:

  ABOUT US

  Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.