The Executive Director of Total Rewards provides overall strategic and operational leadership for the University's compensation, benefits and retirement programs. The Executive Director is a creative thought leader who brings contemporary ideas and innovative approaches with the capacity to drive understanding and engagement to create the Total Rewards philosophy and program. Reporting to the Chief HR Officer, and as a member of the HR Leadership Team, the incumbent operates at both a strategic level in collaboration with senior executives and at a tactical execution-oriented level to ensure successful program implementation.
Direct the design of the benefit plans through vertical managers to ensure competitiveness while managing its cost.
Administers employee benefits programs such as 403(b) (both DB and DC plans), medical, dental, vision, life/AD&D, disability, tuition reimbursement and any ancillary plans which may be offered to the employee population.
Oversee open enrollment and health affair events.
Direct all financial aspects of the annual benefits budget and prepare or direct the preparation of reports, analysis, and recommendations for cost effective management of benefits financial resources.
Direct management team and monitor supervision of all total rewards staff in the areas of subject matter expertise and customer service.
Manage relationships with vendors and carriers.
Direct the programmatic and financial analysis of all benefit plans.
In conjunction with Legal Counsel, ensure that all benefit plans meet legal and regulatory requirements, and that all prescribed reports, records, and documents meet established standards.
Communicate University benefits policies, practices and fiduciary responsibilities in a manner which supports positive relationships with the Office of the Provost, Offices of the Deans, Administrators, University Hospitals, Managers, University-wide HR Representatives, HRS, faculty and staff in the various units.
Direct and lead compensation team on design and management to ensure that the University's total compensation package is competitive and allows us to attract and retain talent.
Oversees compensation evaluation and analysis (e.g., job analysis, evaluation and classification, survey participation, policy, and benefits benchmark and review).
Defines the University's compensation philosophy and sets strategic direction of compensation programs which support and align with the University's objectives to help to attract, motivate and retain top talent.
Ensure University compliance with provisions of Employee Retirement Income Security Act. Prepare reports required by law to be filed with federal and state agencies such as the IRS, DOL and other regulatory agencies. Also ensure compliance with local overseas rules and regulations.
Evaluate and compare existing University Total Rewards with those of other employers by analyzing plan metrics, surveys and other sources of information.
Develop specific recommendations with respect to possible plan changes that reflect best practices and our goal to attract and retain talent. Make recommendations for changes as needed.
Create a service environment and culture that supports an excellent faculty and staff experience.
Operates in the spirit of continuous improvement, seeking out process refinements and automation opportunities.
Measures performance of team through measures and metrics; creates key dashboards that serve to inform total rewards performance.
Oversee the Leave polices and administration to ensure that the program is administered effectively and compliantly.
Excellent verbal and written communication skills required.
Ability to work on multiple projects simultaneously, set priorities, and meet deadlines required.
Education, Experience or Certifications:
Bachelorâ™s degree required.
Advance degree preferred.
Seven years of experience in total rewards management required.
Specific leadership experience in health and welfare programs, in a large, diverse setting required.
Experience refining and automating processes required.
All required documents must be submitted to be considered for this position
NOTE: When applying, all required documents MUST be uploaded under the Resume/CV section of the application.
The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.
Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via the Applicant Inquiry Form.
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Internal Number: JR04359
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