Associate Benefits Director - Portfolio Strategy

Novo Nordisk AS

Plainsboro, NJ

JOB DETAILS
SALARY
$152,700–$267,300 Per Year
SKILLS
Administrative Skills, American Dental Association (ADA), Americans with Disabilities Act (ADA), Analysis Skills, Artificial Intelligence (AI), Artificial Intelligence (AI) Agents, Business Development, Business Strategy, COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985), Chronic Disease, Communication Skills, Comparative Analysis, Compensation Management, Compensation and Benefits, Consulting, Contract Approval, Contract Negotiation, Cost Control, Cost Modeling, Cross-Functional, Diabetes, Disease, Due Diligence, ERISA (Employee Retirement Income Security Act of 1974), Employee Benefits, Establish Priorities, FMLA (Family and Medical Leave Act of 1993), Finance, Financial Compliance, Financial Management, HIPAA (Health Insurance Portability and Accountability Act), Healthcare, Insurance, Interpersonal Skills, Leadership, Legal, Maintain Compliance, Market Trend Analysis, Mergers and Acquisitions, Microsoft Excel, Microsoft Outlook, Microsoft PowerPoint, Microsoft Word, Negotiation Skills, Outsourcing, Persuasion Skills, Physical Demands, Prescription Drugs, Presentation/Verbal Skills, Problem Solving Skills, Process Development, Process Improvement, Public/Media/Press/Analyst Relations, Purchasing/Procurement, Regulations, Regulatory Compliance, Request for Proposals (RFP), Service Delivery, Service Level Agreement (SLA), Team Player, Thought Leadership, Time Management, Trend Analysis, Vendor/Supplier Evaluation, Vendor/Supplier Management, Vendor/Supplier Planning, Vendor/Supplier Relations, Willing to Travel, Writing Skills
LOCATION
Plainsboro, NJ
POSTED
7 days ago

About the Department

Imagine being a part of a team committed to helping people defeat diabetes and other serious chronic conditions. Here at Novo Nordisk, we seek out opportunities to contribute to healthier communities and better lives for all people. And, that's what you'll gain by joining Novo Nordisk's People & Organization team. Our P&O team is passionate about their purpose - enabling business success the Novo Nordisk Way by turning the Company's business strategy into an actionable workforce strategy. A strategy which captures the entire employee life-cycle. At Novo Nordisk, you will join an inclusive team of diverse talent and benefit from a range of possibilities for professional and personal development. Are you ready?

The Position

Responsible for the management of Novo Nordisk Inc.s employee benefit programs including vendor performance, financial tracking, and compliance with applicable laws and regulations. Leads requests for proposals (RFPs), contract negotiations and implementation of new or modified employee benefits programs and services; oversees existing plans. Identifies and executes continuous process improvement opportunities using data driven decision making. Evaluates and compares existing company benefits with those of other employers; develops specific recommendations for review by leadership to ensure that the benefit programs remain competitive and cost effective. Participates in benefit committees/counsels and other governance oversight functions.

Relationships

Reports to the Director, Benefits Portfolio. Interacts with personnel at all levels of the HR community and Novo Nordisk affiliates, including cross functional departments such as Finance, Procurement and Legal. External relationships include vendors and consultants. Plays an important internal consultant role with broader Global Total Rewards Development team and with the broader People, Leadership and Performance (PLP) COE which includes Leadership & Learning, Culture, Total Rewards, and Mobility.

Essential Functions

  • Provide management and oversight of Novo Nordisk Inc.s benefits program including but not limited to medical, prescription drug, dental, vision, life insurance, 401(k) / Money Purchase Plan (MPP), executive benefits, disability/leave benefits, health and welfare benefits administration and COBRA administration
  • Develop, implement and manage procedures relating to benefit plan compliance with federal, state, and local regulations, including HIPAA, COBRA, FMLA, ADA, ERISA, Internal Revenue Code, etc.
  • Interpret benefit plan provisions and resolve associated conflicts and participant escalations
  • Lead requests for proposals (RFPs) and contract renewal negotiations
  • Implement new benefit programs and approved benefit changes with applicable vendor partners
  • Maintain vendor relationships and ensure timely, accurate, compliant delivery of services. Ensure SLAs are achieved and/or action plans developed and implemented to address deficiencies
  • Identify continuous process improvement opportunities and implement approved changes in partnership with outsourced vendors
  • Contribute to development and maintenance of a benefits communication strategy
  • Proactive thought leadership and effective collaboration across the Global PLP COE various functional areas
  • Contribute benefits subject matter expertise to any global design or long-term strategy for the North America Region and/or broader company strategy
  • Evaluate and compare existing company benefits with those of other employers by analyzing surveys and other sources of information. Develop specific recommendations for review by management
  • Contribute to the development of annual and multi-year benefits strategy; identify market trends and cost drivers, perform cost modeling, leverage AI to the degree possible and develop of options to drive a highly effective organization and reinforce our reputation and positioning in the market
  • Participate in benefit committees and counsels; serve as chairperson as needed in Benefits Director absence
  • Support new business development including review and analysis of benefits offerings and seamless integration of new employees into benefits
  • Support key ad-hoc deliverables as needed

Physical Requirements

This position can be based in Lexington, MA or Plainsboro, NJ.

30%-40% overnight travel required.

Qualifications

  • A Bachelor's degree required; relevant experience may be substituted for degree, when appropriate
  • Advanced degree and/or certification (CEBS or CBP) in a benefits related area or progress toward obtaining preferred
  • A minimum of ten years of progressively responsible experience in HR or related industry with at least six years in Benefits
  • Previous administration experience with self-insured medical, 401(k) and/or short- and long-term disability plans required. Large corporation (1000+ employees) experience preferred
  • Must have a working knowledge of IRS, ERISA, COBRA, HIPAA, ADA and FMLA rules and regulations as they pertain to employee benefits
  • Track record of accomplishment in benefit administration, communications, vendor management and cost/financial management required
  • Ability to effectively plan, prioritize, execute and follow-up in a timely manner required. Proven ability to work across functional areas with all levels of stakeholders both locally and globally
  • Exceptional collaboration skills, strong relationship building and stakeholder management required. Flexibility to meet business needs while moving key initiatives and priorities forward
  • Strong analytical capabilities and ability to synthesize complex information into user-friendly, persuasive formats and presentations required
  • Excellent written, verbal, interpersonal communication skill required
  • Demonstrated solid problem solving and analytical ability required
  • Proficiency in Microsoft Word, Excel, PowerPoint and Outlook required
  • Experience in benefit plan design and negotiations with plan vendors and consultants preferred
  • Experience with new business development (including mergers, acquisitions and divestitures) and associated benefit-related due diligence processes / compliance requirements preferred
  • Experience with artificial intelligence platforms, agents and/or digital innovation solutions within the Total Rewards field preferred

The base compensation range for this position is $152,700 to $267,300. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance. Novo Nordisk offers long-term incentive compensation and or company vehicles depending on the positions level or other company factors.

Employees are also eligible to participate in Company employee benefit programs including medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; tuition reimbursement program; and voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance. The Company also offers time off pursuant to its sick time policy, flex-able vacation policy, and parental leave policy.

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

At Novo Nordisk, were not chasing quick fixes - were creating lasting change for long-term health. For over 100 years, weve been driven by a single purpose: to defeat serious chronic diseases and help millions of people live healthier lives. This dedication fuels our constant curiosity and inspires us to push the boundaries of whats possible in healthcare. We embrace diverse perspectives, seek out bold ideas, and build partnerships rooted in shared purpose. Together, were making healthcare more accessible, treating and defeating diseases, and pioneering solutions that create change spanning generations. When you join us, you become part of something bigger - a legacy of impact that reaches far beyond today.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

About the Company

N

Novo Nordisk AS

Working at Novo Nordisk

 

Life-changing careers

Starting a career at Novo Nordisk is more than getting a job. It is an opportunity to improve the lives of millions of people living with a serious chronic disease.

Whether you are a part of supplying insulin for patients around the world, discovering the next breakthrough at one of our state-of-the-art research centres, working with us is truly life-changing.

 

We are inspired by life

We are a proud life-science company on a mission to ensure that people living with a chronic disease can live a full life. Millions rely on us.

We’re inspired by life in all its forms and shapes, ups and downs, opportunities and challenges. From our colleagues in the lab, working to change lives through pioneering break-through treatments, to our colleagues putting sustainability at the core of our processes and working to prolong the life of our planet, this mission to improve lives is at the core of our every action.

 

Together we drive change

Change is a constant — change in lifestyle, change in technology, change all over. At Novo Nordisk, we don’t wait for change. We drive it.

We’re a dynamic company in an even more dynamic industry, and we know that what got us to where we are today is not necessarily what will make us successful in the future.

That’s why we continuously push to improve the way we work and the lives of the patients we serve, creating innovative solutions that fit the way people want to live. To accomplish this, we embrace a spirit of open-mindedness and experimentation, striving for excellence without fixating on perfection.

 

Together, we are life-changing

Our company is our people. We know that life is anything but linear and balancing what is important at different stages of our career is never easy. That’s why we make room for diverse life situations, always putting people first. We want to ensure that every employee can achieve a work-life balance that supports their current priorities and where they want to go next.

 

Your development starts here

We value our employees for the unique skills, backgrounds and perspectives they bring to the table. We work continuously to help bring out the best in all of our people, offering opportunities for development and creating an environment of mobility within the company. We strive to offer a workplace that’s great to be in and to be from.

It is very important to us that anyone working with us feels empowered as an employee and as a person. We all should have the opportunity to act fast, make decisions and be agile. 

With a career at our company, you will feel a difference right from the start. A sense of inspiration that comes from a shared belief in driving positive change for people, families and communities everywhere, and it’s a collective effort. We rely on the joint potential and collaboration of our more than 45,000 employees.

In the video above, meet  Marie Darting, one of our scientists, and hear more about her work as a formulation scientist, her perspective on development plans and the impact she feels her work has on people living with a chronic disease.

 

Who we are

We were founded in 1923 and today we are a global healthcare company headquartered just outside Copenhagen, Denmark.

Our purpose is to drive change to defeat diabetes and other serious chronic diseases, such as obesity and rare blood and endocrine disorders. We do so by pioneering  scientific breakthroughs, expanding  access to our medicines , and working to prevent and ultimately cure diabetes.

With almost 100 years of experience, one of the broadest diabetes product portfolios in the healthcare industry, as well as an award-winning pipeline of innovative products, our success is built on our company values – the Novo Nordisk Way.

COMPANY SIZE
2,500 to 4,999 employees
INDUSTRY
Biotechnology/Pharmaceuticals
FOUNDED
1923
WEBSITE
https://www.novonordisk.com/