US Benefits, Assistant Vice President (AVP) at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

We are looking for an experienced AVP, Employee Benefits to support our US Benefits team. The role will be based in Boston, MA and report into the Head of Global Benefits (Boston, MA).

The Benefits team is focused on the design, implementation and ongoing management of employee benefit plans and programs. The team also monitors regulatory and governance-related requirements, to ensure compliance. In addition to day-to-day management of key deliverables, such as supporting annual enrollment, the team supports a varied portfolio of projects, including requests for proposals (RFPs) and new benefit or vendor implementation. We are a lean, but mighty team and are looking for someone who wants own every aspect of their work from operations to strategy and everything in between.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Benefits are a key piece of an employee's total rewards package, which is how we attract and retain the best employees to support our customers and clients.

What you will be responsible for

As an AVP, Benefits, every day will be different. You will:

• Manage a portfolio of benefit plans and programs and be the Subject Matter Expert for those plans and programs in your portfolio.


• Provide oversight of external consultants and US benefit vendors.


• Use benchmarking and develop appropriate strategic recommendations and oversee benefits plan analytics to ensure plan design and strategy are aligned to metrics


• Pro-actively identify areas for process improvement.


• Focus on Risk Excellence and support the proactive and effective management risk by the first line of defense.


• Lead or support ad-hoc projects and provide support to the wider US Benefits team.


• Focus on client service delivery and relationship management.

• Minimum of 6 years of professional experience in benefits role or equivalent experience in compensation or human resources, preferred in financial services and consulting industry.


• Strong preference for experience with leaves of absence and/or insurance benefits.


• Highly collaborative team player with a process improvement mind-set.


• Ability to forge successful relationships/partnerships across organizational boundaries.


• Ability to think strategically, prioritize and execute flawlessly. Innovative, mentally agile, with a good measure of common sense and sound judgement.


• Ability to listen, learn and creatively build solutions that are practical and effective for the organization.


• Passionate about integrity, transparency and maintaining the highest standards of quality.


• Strong communication and influencing skills, which command the respect of the peer group and leaders throughout the corporation.


• Comfortable working through grey/ambiguous areas and a highly matrixed organization.


• Collaborative decision making and work style.


• Self-starter with a strong ability to work effectively with client and team members, balance multiple work streams and meet all deadlines.

These skills will help you succeed in this role:

• Ability to work independently, set priorities, handle multiple priorities simultaneously and deliver high quality work with attention to detail


• Strong communication skills and ability to influence at all levels, including Finance, HR business partners, legal department, other internal stakeholders and external vendors and consultants


• Proactive and highly motivated team-player with strong analytical skills


• Ability to demonstrate a flexible approach and ability to work within tight deadlines is essential.

• Knowledge of US benefits and trends.


• Track record in Benefits within a fast-paced, international, financial services or consultancy organization.


• Knowledge of US benefits and retirement regulations including 401(k), ERISA, COBRA, HIPAA, and ACA is strongly preferred


• Ability to interact with employees and management and handle confidential information in a professional manner


• Excellent analytical, problem-solving skills, attention to detail, critical thinking, financial analytics, modeling and project management skills.


• Exceptional Microsoft Office skills, with a focus on Excel and PowerPoint, and a strong technical aptitude


• Experience of stakeholder management.


• Effective written and verbal communication skills.


• Experience with Workday,


• Bachelors degree preferred.


• CEBs a plus, but not necessary.

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$80,000 - $132,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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