Director Benefits Strategy & Administration

Exelon

Baltimore, MD

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JOB DETAILS

SALARY

SKILLS

Accounting, Analysis Skills, Benchmarking, Budget Management, Budgeting, Business Administration, COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985), Collective Bargaining, Communication Skills, Community Support, Community and Social Services, Compensation and Benefits, Continuous Improvement, Contract Negotiation, Cost Analysis, Cost Control, Cost Estimates, Cost Forecasting, Cross-Functional, Dental Insurance, Documentation, ERISA (Employee Retirement Income Security Act of 1974), Electricity, Employee Benefits, Establish Priorities, Executive Relationships, Federal Laws and Regulations, Finance, Financial Analysis, Financial Modeling, Financial Planning, Financial Regulations, Financial Strategy, Forecasting, HIPAA (Health Insurance Portability and Accountability Act), Healthcare Administration, Human Resources, Incentive Programs, Industrial Relations, Leadership, Legal, Maintain Compliance, Negotiation Skills, Operations Planning, Performance Analysis, Performance Management, Presentation/Verbal Skills, Problem Solving Skills, Process Development, Process Improvement, Regulations, Regulatory Compliance, Request for Proposals (RFP), Retirement Plan, Risk Management, Scorecarding, Service Delivery, State Laws and Regulations, Strategic Planning, Team Building, Team Lead/Manager, Trend Analysis, Vendor/Supplier Management, Vendor/Supplier Planning, Vendor/Supplier Selection, Vision Plan, Workforce Planning, Workplace Issues, Writing Skills

LOCATION

Baltimore, MD

POSTED

Today

Who We Are

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 20,000 colleagues strong serving more than 10.7 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive.

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

Primary Purpose

Lead the development, governance, administration, and optimization of all health, welfare, retirement, and leave-related benefit programs. Responsible for integrating strategic plan design with operational execution, ensuring programs are competitive, compliant, cost-effective, and effectively administered through internal teams and external partners. This role serves as the primary leader for benefits vendor management, labor support, financial modeling, and benefits operations. This aligns with existing Exelon benefits strategy, governance, administration, vendor oversight, and labor support responsibilities found in internal HR service documentation.

This is a multiple‑location posting. The selected candidate may be based out of our Exelon Corporate Office locations in IL, DC, MD, or DE

Primary Duties

+ Benefits Strategy & Plan Design

+ Develop and maintain enterprise benefits strategy aligned with workforce and business objectives.

+ Lead plan design, market benchmarking, cost management initiatives, and vendor innovation recommendations.

+ Evaluate emerging trends and develop recommendations for leadership decision-making.

+ Support long-range planning, budgeting, and benefits-related financial strategy.

+ Benefits Administration & Operations

+ Ensure effective administration of health, welfare, retirement, and executive benefit programs.

+ Oversee annual enrollment, employee communications, compliance activities, appeals, and escalated participant issues.

+ Ensure operational excellence across benefit processes, systems, and service delivery.

+ Vendor Governance & Administration

+ Serve as executive relationship owner for all benefits administration vendors, carriers, consultants, TPAs, and strategic partners.

+ Lead vendor selection, RFPs, contract negotiations, performance management, service-level oversight, compliance reviews, and audit support.

+ Establish governance processes, scorecards, and accountability measures to improve service, manage risk, and control costs.

+ Labor & Regulatory Support

+ Support labor negotiations by developing benefits analyses, cost projections, and bargaining proposals.

+ Partner with Labor Relations on contract interpretation, benefit costing, and implementation of negotiated changes.

+ Ensure compliance with ERISA, ACA, COBRA, pension regulations, and applicable federal, state, and local requirements.

+ Financial Modeling & Analytics

+ Lead benefit plan financial modeling, forecasting, contribution strategy development, and cost trend analysis.

+ Support annual budgets, long-range plans, rate case requirements, workforce planning, and executive presentations.

+ Utilize analytics to drive plan performance and identify opportunities for savings and improved outcomes.

+ Leadership & Team Development

+ Lead a combined Benefits Strategy and Administration team.

+ Establish clear accountability between strategic planning, vendor governance, compliance, and operational execution.

+ Build organizational capability through process simplification, standardization, and continuous improvement. (10%)

Job Scope

Leads strategy, governance, and administration for a broad portfolio of benefit plans, including multiple qualified and non-qualified retirement plans, legacy plan formulas, health and welfare programs and benefits provisions across union-represented and non-represented populations. Provides financial oversight for benefits programs, including budgeting, forecasting, contribution strategy, cost trend analysis, vendor fees, plan performance, and executive-level reporting. Manages a team of approximately 3 direct reports and 5 total staff, with accountability for prioritization, performance, capability building, process improvement, and cross-functional coordination.

Minimum Qualifications

+ Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or a related field.

+ 12 or more years of progressively responsible experience in employee benefits, total rewards, HR operations, or related HR functional leadership.

+ Demonstrated experience leading health, welfare, retirement, leave, and/or executive benefits programs in a complex organization.

+ Strong knowledge of benefits administration, plan design, vendor management, compliance requirements, and benefits governance practices.

+ Experience managing external vendors, consultants, carriers, TPAs, and/or benefits administration partners, including performance oversight and issue resolution.

+ Strong financial, analytical, and modeling skills, including experience with benefit cost forecasting, budgeting, contribution strategy, or plan performance analysis.

+ Working knowledge of applicable benefits laws and regulations, including ERISA, ACA, COBRA, HIPAA, and related federal, state, and local requirements.

+ Experience partnering with Legal, Labor Relations, Finance, HR Business Partners, and senior leadership on benefits-related matters.

+ Demonstrated leadership experience, including leading teams, managing priorities, building capability, and driving process improvement.

+ Excellent written, verbal, presentation, and executive communication skills.

Preferred Qualifications

+ Master's degree or relevant professional certification.

+ Experience supporting union/labor negotiations, collective bargaining agreements, or benefits-related labor costing.

+ Experience in a large, complex, matrixed, regulated, or multi-state organization.

+ Experience with benefits technology platforms, annual enrollment, participant communications, appeals, audits, and escalated employee issue resolution.

+ Ability to translate complex benefits, financial, and regulatory information into clear recommendations for senior leaders.

Benefits

+ Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $169,600.00/Yr. – $233,200.00/Yr. plus an additional $50K in Long Term Incentive Plan annually

+ Annual Bonus for eligible positions: 30%

+ 401(k) match and annual company contribution

+ Medical, dental and vision insurance

+ Life and disability insurance

+ Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave

+ Employee Assistance Program and resources for mental and emotional support

+ Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement

+ Referral bonus program

+ And much more

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.
Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law. If you are an individual with a disability and need an accommodation to complete the application, please email us at DandI@exeloncorp.com.

About the Company

Exelon

At Exelon Generation, we've got a place for you! Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce. Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits. Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon Generation. We have exciting opportunities in IL, NY, PA and MD.

COMPANY SIZE

10,000 employees or more

INDUSTRY

Other/Not Classified

WEBSITE

https://www.exeloncorp.com/

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