Reference #: 60030
Vice President, US Healthcare Design
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Vice President, US Healthcare Design to join our People Rewards team. This role is located in Pittsburgh, PA, USA - HYBRID/3 days in office requirement.
In this role, you'll make an impact in the following ways:
Research, benchmark, organize, analyze, interpret and present healthcare metrics from a variety of resources.
Through fact-based analysis this position will be responsible for gaining insight into BNY population health risks, identifying peer and vendor marketplace trends and best practices and maintaining expert knowledge of the rapidly changing healthcare marketplace.
Working with internal and external constituencies, the incumbent will formulate a data-driven approach to identify and recommend best-in-market programs to enhance member engagement, improve quality outcomes, enhance population health and wellbeing, and control costs.
Assist in preparation of senior management exhibits to make critical business decisions
Assist in implementation of any agreed upon benefit solutions, including partnering with broader internal and external stakeholders as well as reviewing various participant facing communications
Work with broader Benefits and Wellbeing team on developing and implementing innovative ways to actively engage our employees and their families in understanding and using their benefits in a meaningful way that maximizes the member experience and enhances overall perception
As program changes are contemplated, the US Health and Insurance Specialist will work with internal and external teams to develop and conduct vendor requests for information and proposals, analyze findings, evaluate vendor risk, negotiate contracts and implement programs to support BNY's healthcare strategy.
The position will analyze and report on vendor performance against contractual performance guarantees.To be successful in this role, we're seeking the following:
Bachelor's Degree required, preferably with significant quantitative work
3-5 years of experience in benefits consulting or benefits management demonstrating success in the design/management of large employer health and benefits plans; alternatively, similar experience in a consultative role gained at a carrier or vendor
Ability to develop analytics and analyze trends, develop meaningful recommendations, and communicate the information in a logical concise way
Knowledge of and experience with all aspects of the healthcare marketplace with emphasis on superior financial skills including prior experience in health and Insurance plan design, product pricing, benchmarking, underwriting, IBNR reserves, benefit accrual budgeting and valuation work is desired
Strong process and project management skills with ability to manage multiple projects simultaneously, re-prioritize as needed and problem solve autonomously
Experience in facilitating RFPs, negotiating annual renewals, evaluating plan documents and employee benefit communications is desired
Excellent executive presentation skills, able to communicate complex ideas clearly and concisely, and able to respectfully question or challenge others to think through problems, discover improvement opportunities and identify viable alternatives
Strong verbal and written communicat on skills, including the ability to prepare and present recommendations to various audiences including benefits management, executive management, internal corporate business units (i.e., Finance, Legal, Payroll), and our employees through annual benefit presentations as well as escalated complex individual inquiries
Must be able to work independently and effectively with a variety of internal teams and external resources, including consultants, vendors, legal counsel and industry groups.
Proficient Microsoft Office skills, particularly in Excel and PowerPointAt BNY, our culture speaks for itself. Here's a few of our awards:
America's Most Innovative Companies, Fortune, 2024
World's Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
"Most Just Companies", Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg's Gender Equality Index (GEI), 2023Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.