Manager, Health & Wellbeing Strategy at Fortune Brands

Deerfield, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jan, 26

Salary

143000.0

Posted On

04 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategy Development, Data Analysis, Vendor Management, Compliance, Project Management, Communication, Benefits Administration, Health Programs, Wellbeing Programs, Cost Management, Market Analysis, Negotiation, Team Leadership, Risk Analysis, Financial Modeling, Organizational Skills

Industry

Manufacturing

Description

Job Description This role is responsible for strategy development and effective execution, measurement, and communication of programs to include health, welfare, and wellbeing programs. This is an exciting opportunity to shape the future of our benefits programs by leveraging data, analytics, and vendor partnerships to deliver innovative, cost-effective, and associate-focused solutions. This position will also manage the development of the overall FBIN health and wellbeing strategy in partnership with the Sr. Director, Benefits. Position location: Deerfield, IL – position is Hybrid RESPONSIBLIITIES: Partner with local HR teams and other key internal stakeholders to provide recommendations on benefit plans and programs. Responsible for developing strategies to manage plan costs, improve health of population, and define the associate experience to provide competitive benefits and comply with health care reform regulations. Provide recommendations on benefit programs based on detailed competitive analysis. Demonstrates an understanding of the market dynamics, benchmarking, key competitor benefit plan designs and industry trends. Partner with HR Business Partners, functional teams, and business leaders to ensure benefits programs are aligned with business goals and needs. Lead health & welfare benefit integrations for acquired companies. Support the annual renewal process with the Sr. Director, Benefits. Provide consultation to FBIN business units to ensure programs are meeting the unique needs of each business unit. Manage overall health & welfare vendor relationships except for the outsourced benefits administration vendor. This includes participating in negotiations with benefit vendors, managing renewals and contracts and evaluating vendor performance. Develop communication strategy and create/manage a communication calendar. Manage third-party communication partners. Negotiate and monitor vendor service level agreements and other vendor review mechanisms. Manage updates to policy and plan documents. Stays current on applicable laws and federal/state regulations. Overall responsibility for Health and Welfare compliance. Health & Welfare Strategy Responsibilities: Support the development of long-term benefits strategy including: Health and welfare strategy Wellbeing strategy Communication strategy Recommend health and welfare benefits that provide competitive benefits programs to support the organization’s workforce strategies and enhance associate engagement. Utilize data warehouse to provide executive dashboards and report on key trends and cost drivers. Work with outside consultants to co-lead annual rate renewal process for all FBIN. Includes working with FBIN finance leaders on forecasting medical plan expenses across the enterprise as well as working with executive leadership on overall strategy and benefit recommendations. Benefit Compliance Responsibilities: Partner with internal legal team on health and welfare plan governance. Partner with Sr. Manager, Retirement to complete periodic risk analysis and develop risk mitigation plans. Manage all required plan amendments and restatements, including summary plan description updates. Work with the Sr. Manager, Retirement to develop an annual compliance calendar and work with benefit operations team members to ensure due dates for notice distributions, plan disclosures, and various plan-related regulatory filings are completed timely. Manage ERISA appeals process in coordination with benefits operations team. QUALIFICATIONS: Bachelor’s degree with at least 7-10 years of experience in employee benefits with a focus on health & welfare programs and/or benefit administration and operations. Team supervisory or management experience preferred. Strong HR benefit knowledge across health & welfare plans. Experience with vendor, consultant, and benefit program management. Knowledge of laws related to benefits (i.e., ERISA, ACA, HIPAA, DOL) and experience with 5500 filings is necessary. Strong analytical, organizational, financial modeling, and project management skills. Excellent communication skills with focus on confidentiality. Experience handling routine to complex benefit inquiries. Ability to multi-task and prioritize work on various projects simultaneously. Ability to work independently as well as in a team environment. Strong skills in MS Word, Excel and- PowerPoint. Additional Information Company Description: Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here Additional Information: Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $90,000 USD - $143,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan. At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work. Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential. Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN Equal Employment Opportunity: FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic. Reasonable Accommodations: FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to. To protect yourself from fraudulent job postings or recruitment scams, please note that FBIN job postings are exclusively hosted on our careers page at www.fbin.com/careers>.

Responsibilities

The Manager, Health & Wellbeing Strategy is responsible for developing and executing health, welfare, and wellbeing programs. This role involves managing vendor relationships, ensuring compliance, and aligning benefits programs with business goals.