Compensation and Benefits Manager

Compensation and Benefits Manager

Location Yardley - Pennsylvania

Permanent  

Full Time

 

A globally leading technology group, Heraeus is headquartered in Hanau, Germany. Founded in 1851, it is a family-owned portfolio company which traces its roots back to a pharmacy opened by the family in 1660. Today, Heraeus combines businesses in the environmental, energy, electronics, health, mobility and industrial applications sectors. In the 2017 financial year, the FORTUNE Global 500-listed company generated a total revenue of €21.8 billion. Our promise to about 13,000 employees is to enable them to develop their own ideas and to drive them forward.

 

 

Job Summary: The Benefits and Compensation manager plays a critical role in the life cycle of our workforce. In this role you will focus primarily on the following:  A total rewards strategy consisting of developing, communicating and compensation, benefits, retirement, engagement and other work experience programs, that are cost effective and consistent with labor market trends and regional organizational objectives and also aligned with global priorities.  Main focus includes plan design and marketplace analysis, program compliance, compensation program, relocation services, benefit administration and retirement plans. 

Your Role and Responsibilities:

• Works closely with the regional and global HR colleagues and  external advisors and brokers to define company's competitive position in employee benefits and compensation. 
• Ensures the total package is attractive to retain talent, while considering tax consequences and that the program meets all compliance standards and is aligned with corporate directives.
• Develops, recommends and installs approved, new or modified plans and employee benefits policies and supervises administration of existing plans.
• Develops cost control procedures to assure maximum coverage at the least possible cost to company and employee. 
• Ensures full compliance with all governmental regulations related to compensation and benefits programs throughout all North American operations.   
• Provides special guidance and assistance to all locations and the HRdirect team on various employee benefit plans, as needed.

What Is Required For This Role:

• A Bachelor’s Degree in Business Administration, Human Resources or equivalent and minimum of 10 years experience in Benefits and Compensation is required.  The equivalent combination of education and experience will be considered. 
• Certification in Benefits and Compensation; such as CCP, CBP or CEBS is preferred. 
• Thorough understanding of total rewards philosophy.  
• Working knowledge and experience in retirement plans, including 401(k) NQDCP and pension plans is necessary.  Familiar with LTIs is a plus. 
• Experience with benefit plan design and analysis particularly for self funded medical and dental plans. 
• Experience working with auditors and managing broker and vendor relationships, as well as establishing key performance metrics based on service level agreements.   
• Thorough knowledge of FMLA, FLSA, COBRA, ACA, ERISA requirements.
• Excellent communication skills coupled with the ability to reach a diverse audience.

What you can expect:
You can look forward to working for a highly advanced, innovative employer who will assign responsibility to you at an early stage and where you will be able to drive forward both our company and your career.

Our recruiting team will carefully review and consider each individual application. Qualified candidates will be contacted for further discussion. We thank you for your consideration and appreciate your interest in Heraeus. For more information, please visit www.heraeus.com/careersusa.

 

 

Keywords: Total Rewards, compensation, benefits, NQDCP, 401(k), healthcare