Assistant Manager Financial & Leave Benefits

Overview

To assist in planning, directing and managing Navy Federal's financial and leave benefit programs. Develop and manage operational processes that support the delivery of designated benefit programs to the enterprise. Leverage knowledge of benefits administration, program management and regulatory compliance to support the delivery of robust and sustainable financial and leave benefit solutions that meet the needs of a diverse workforce.

Responsibilities

• Implement and manage operations supporting Navy Federal's financial and leave benefit programs, including the 401(k) Savings Plan, Pension Plans, and Executive Benefits
• Guide the day-to-day execution of financial and leave benefit policies, procedures, and practices which optimize costs, maintain external competitiveness, and meet organizational goals
• Ensure compliance with all federal, state, and local regulations affecting employee benefits, staying current with changes in the law
• Manage relationships with benefits vendors, brokers, and consultants to secure competitive rates and services; monitor SLAs and vendor performance
• Partner with manager and departmental leadership to forecast benefits costs and analyze the financial impact of current and proposed benefits programs
• Partner with the HR Shared Services Center (HR SSC) on the administration of financial and leave benefit programs; ensure tactical SSC operations align with Benefits Center of Excellence (COE) requirements
• Facilitate employee education and communication plans to help employees understand and maximize their financial and leave benefits
• Develop and manage financial wellness initiatives, including educational programs, tools, and resources that improve employees' financial literacy and overall financial health
• Evaluate data and report on the effectiveness of designated financial and leave benefit programs; partner with manager to recommend changes and/or enhancements
• Perform supervisory/managerial responsibilities

• Experience leading a benefits team or as a subject matter lead/expert, preferably for a large organization
• Advanced knowledge of financial and leave benefit plans (e.g. 401(k) Savings Plan, Pension Plans, Executive Benefits, etc.) and regulatory compliance
• Advanced financial acumen and analytical skills
• Strong understanding of financial literacy & wellness concepts
• Advanced knowledge of, and ability to interpret/apply, benefits related laws and regulations
• Experience in budget forecasting and cost benefit analysis
• Significant experience in leading large projects/initiatives which have business risk and impact
• Ability to deal tactfully with all levels of the work force and management
• Advanced skill managing multiple priorities in a team environment to achieve goals
• Advanced skill working with diverse internal and external contacts
• Advanced skill building effective relationships through rapport, trust, diplomacy, and tact
• Advanced skill to influence, negotiate and persuade others to reach agreeable exchange and positive outcomes
• Expert research, analytical, and problem-solving skills
• Expert ability to compile, organize and present information clearly and concisely
• Advanced verbal and written communication skills
• Bachelor's degree in Human Resources, Finance, Economics, Actuarial Science, or related field, or the equivalent combination of experience, education, and training

• Advanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectives