Senior Manager, HR Retirement

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary:

As a Senior Manager of HR Retirement, you will support the HR Benefits Retirement and Benefit Compliance Executive Director in the design, development, implementation and communication of the CVS Health qualified retirement programs, with an emphasis on defined benefit pension plans. In this role, you will also support special projects related to financial wellbeing, communications, and cross-team initiatives, particularly those involving HRSS.

You will accomplish this through:

• Serving as a subject matter expert (SME) in ERISA and multiple subsets of retirement administration, governance, documentation, and design for all CVS Health qualified retirement plans with an emphasis on CVS/Aetna defined benefit pension plans
• Managing complex large strategical projects from end to end
• Researching and responding to participant escalation and DOL inquiries on participant matters
• Organizing budget expense for corporate invoice and processing
• Handling all claims processing with vendors and internal legal and appeals committee
• Serving as lead Project Manager for complex initiatives from CVS Health retirement plans including projects relating to de-risking the defined benefit plans
• Handling all aspects of vendor management from contracting to output to oversight
• Developing, analyzing, and executing design solutions that contemplate the needs of the retirement and benefits group
• Researching and evaluating alternative processes or avenues in the design, administration, and communication of retirement programs to achieve actionable changes and control cost
• Presenting to peers and multi-skip-level managers
• Drafting communications of a complex nature which can sway opinion and advance goals and objectives of the retirement and benefits team
• Developing, reviewing, and publishing employee communications campaign materials with vendors, that comply with all regulatory obligations and CVS Health corporate branding
• Partnering with the total benefits group, HRSS and Corporate Communication on all retirement strategy, design, administration, and reward initiatives for proper cascade throughout the organization
• Managing implementation of new retirement programs and any changes to existing programs
• Managing outside vendors, advisors & consultants to ensure program compliance & efficiency
• Collaborating with internal colleagues to ensure seamless deliverables on retirement issues
• Providing statistical analysis and data to support company retirement strategy
• Overseeing regulatory communication and mailing to participants and leadership

Required Qualifications:

• At least 5 years' experience in corporate benefit function or in a consulting or service provider role
• At least 7 years defined benefit retirement plan experience
• Concrete knowledge of retirement plan design, plan administration, and compliance and well-being with strong emphasis on defined benefit plan operations, administration, and compliance
• Demonstrated organizational skills and attention to detail required

Preferred Qualifications:

• Ability to prioritize work and complete tasks in a timely manner
• Ability to work independently in a fast-paced environment
• Ability to consult on maintenance of Plan's qualified status
• Ability to collaborate with executives and colleagues at all levels
• Experience managing budgets and monthly forecasts
• Knowledge of finance, quantitative and analytical skills strongly preferred
• Professional designation from ASPPA, NIPA, or CEBS preferred
• Strong MS Office skills
• Excellent written and oral communication skills

Education:

• High School Diploma/GED required.
• College degree preferred; equivalent work experience may substitute

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 05/02/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.