Corporate Benefits Leader
About Owens Corning
Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements, and engineered materials for composite systems. A Fortune® 500 company for 57 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets, and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.0 billion in 2010 and approximately 15,000 employees in 28 countries on five continents. Additional information is available at:
Benefits Leader
Location: Toledo, OH - US
Description
The Benefits Leader is accountable for leading the design, implementation and management of benefit programs to ensure equity, competitiveness, affordability and statutory compliance. The Benefits Leader is expected to possess considerable expertise in design and administration of benefit programs including health care, global wellness, and disability. The Benefits Leader should also possess expertise in the financial evaluation of benefit programs and vendor relationship management.
This position reports to the Director of Benefits.
Responsibilities
1. Live the Safety stand, adhere to the safety responsibilities.
· Demonstrates compliance with personal safety action plan
· Adheres to Owens Corning safety policies at all times
2. Benefit Strategy and Design
· Provide expertise and point of view in shaping the U.S. and global benefits strategy and design.
· Lead benefit procurement and implementation processes.
· Financially evaluate and recommend benefit program options.
· Provide expertise in global wellness strategy
Use knowledge of current and upcoming trends in the benefits marketplace and government regulations to drive strategy and ensure compliance.
3. Benefit Delivery
· Ensure quality delivery of health care benefits, wellness to employees, retirees and their families.
· Manage the vendor relationships and contracts.
4. Benefit Reporting
· Provide analytic review to determine cost effectiveness of benefit and wellness programs.
· Create usage cost analytics to evaluate efficiency of benefit programs.
5. Financial Management
· Create annual benefit budget for corporation
· Ensure spend is meeting budget
· Ensure costs and liabilities are recorded properly on company financial statements
· Compliance regulations are adhered to.
Work with treasury, actuaries and accountants to ensure compliance.
6. Project Leadership
· Provide leadership and oversight to Benefits projects
· Partner with the mergers and acquisitions team to determine financial implication of benefits
· Provide costing, concept and strategy to the labor relations team during the negotiation of bargaining agreements.
· Oversee continuous improvement benefit projects
Job Requirements
Experience:
· Bachelor’s Degree
8-10 years previous experience in U.S. and global wellness and benefits
Prior people leadership experience.
Experience in project management leading process improvements.
Experience in benefits procurement and vendor management.
Knowledge and Abilities:
· Design and administration of benefit programs including health care, disability and global wellness
Understanding of retiree medical accounting, cost assumptions and FAS 106 & FAS 112.
Procurement process and vendor relationship management.
· Patient Protection and Affordability Care Act
Personal Characteristics:
Business Partner. Strong ability to build business partnerships to influence discussions and decisions of senior management. Able to explain technical accounting and reporting concepts in clear, common sense terms. Analytical skills focused on problem solving and process improvement.
Strong Intellect. Bright individual with ability to combine analytical reasoning, creativity and judgment. Quick study, able to handle complex matters, with multiple initiatives going on simultaneously. Able to deal with strategic issues, as well as tactical operational details.
Results Oriented. Energetic and resourceful, with strong service orientation and positive can-do attitude. Fully committed to the job and to deliver outstanding work. Never satisfied with status-quo, continually striving for excellence. Enjoys working hands-on.
· Change agent. Comfortable designing for the future and the ability to lead people to the vision. Able to anticipate risks and propose practical plans to mitigate them.
Adaptable. Ability to work well under pressure with appropriate attention to detail. Has ability to assimilate to new teams and projects.
Highly Ethical. Can be trusted to maintain financial integrity to the corporation, employees and shareholders.
Must be eligible to work in the U.S. on a permanent basis.
Owens Corning is an equal opportunity employer.
