Career Area:Human ResourcesJob Description:Your Work Shapes the World at Caterpillar Inc.When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.Would you like to join a team that is focused on improving the cost and quality of healthcare services provided to Caterpillar’s employees and their family members? Caterpillar is looking to add a skilled Senior Total Rewards Manager to our team. Your role within this team will be to manage the team responsible for U.S. healthcare and prescription drug benefits design.Responsibilities include continually monitoring large employer healthcare benefit strategies and initiatives to discover innovative ideas and best practices. Additionally, you will routinely analyze our health and prescription drug plan data to identify opportunities to improve the cost and quality of healthcare and prescription services being provided to our plan participants. You will use your research, experience, and business acumen to create and implement initiatives to enhance medical, vision, dental, and prescription drug benefits; and to participate in other sub-functions, projects, and benefit administration activities as assigned. Caterpillar has a long legacy of implementing innovative ideas to provide above market benefits at below market costs for our employees, their families, and for our company.What You Will Do:
Ensure healthcare benefits enhance our ability to recruit and retain employees
Review existing programs, propose modifications to existing programs or design new programs to ensure the achievement of a competitive market position aligned with our business and talent objectives
Lead the design and implementation of Total Rewards programs including project management, communication, change management and vendor management
Lead internal team(s) to ensure delivery of Total Rewards programs, processes, and services, ensures compliance with company or legal requirements and securely manages employee data in line with company policies
Analyze internal healthcare reports and use that information to create initiatives that improve costs and quality
Provide education to employees, leaders, and business partners on the design and value of healthcare benefits
Create and frequently refresh U.S. healthcare and prescription drug benefits strategy
Manages external vendors, ensuring delivery of service and operational metrics
Deliver plan performance presentations for various business leaders and internal business partners
Support public relations and employee relations activities related to healthcare benefit design & strategy
Assist with union negotiations as needed.
What You Have:
Minimum of bachelor’s degree in business administration, human resources management, or related field
Minimums of 5 years’ experience as a U.S. healthcare benefits analyst, benefits manager, benefits consultant or HR Manager
Extensive knowledge of large employer benefit programs and processes; ability to design and implement legally compliant healthcare benefit programs that deliver best in class cost and quality. Comprehensive understanding of benefit regulatory requirements (e.g., ERISA, DOL, HHS, HIPAA, ACA, CAA)
Ability to analyze employer benefit plans and market trends, then compile proven best practices
Strong working knowledge of common and uncommon self-funded employer healthcare benefit designs and considerations
Experience with creating compelling business cases to support benefit design recommendations
Experience leading implementation of healthcare benefit programs and initiatives
Problem solving skills with examples of successful and innovative ideas
Proficient presentation and public speaking skills. Ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors
Experience assisting employees and business leaders with benefits questions
Innovative and analytical thinker
Proficient user of Microsoft Word, PowerPoint, Excel, Outlook, Teams
Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Influencing: Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.
What You Will GetOur goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world. You will collaborate deeply with leading experts in medical, prescription drug, vision, dental, and other benefits. Here you earn more than just a salary because we value your performance. We offer a total rewards package that provides day one benefits (medical, dental, vision, RX, and 401K) along with the potential of an annual bonus. Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).Additional Info:
Location: Peoria, Illinois
Travel: 5-10 %
This posting is set to come down on February 5th at midnight.
About CaterpillarCaterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.Summary Pay Range:$156,000.00 - $234,000.00Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.Benefits:Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.
Medical, dental, and vision benefits
Paid time off plan (Vacation, Holidays, Volunteer, etc.)
401(k) savings plans
Health Savings Account (HSA)
Flexible Spending Accounts (FSAs)
Health Lifestyle Programs
Employee Assistance Program
Voluntary Benefits and Employee Discounts
Career Development
Incentive bonus
Disability benefits
Life Insurance
Parental leave
Adoption benefits
Tuition Reimbursement
These benefits also apply to part-time employees
Posting Dates:March 25, 2025 - April 1, 2025Any offer of employment is conditioned upon the successful completion of a drug screen.EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.Not ready to apply? Join our Talent Community (http://flows.beamery.com/caterpillarinc/talcom) .