Navy Federal Credit Union

Assistant Manager, Financial and Leave Benefits

Navy Federal Credit Union

full-time

Posted on:

Origin:  • 🇺🇸 United States • Florida, Virginia

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Salary

💰 $111,600 - $163,100 per year

Job Level

Mid-LevelSenior

About the role

  • 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: Ensure adequate/skilled staffing; select employees; Establish performance goals and priorities; Prepare, conduct, and review performance appraisals; Develop, mentor and counsel staff; Provide input and/or prepare budget requirements for Annual Financial Plan (AFP); Ensure section/branch goals and objectives align with division/department strategy; Ensure efficiency of operations
  • Perform other duties as assigned

Requirements

  • 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