Senior Benefits Manager

Senior Benefits Manager

Primary Location: Parsippany Location: Parsippany, NJ, US, 07054 Remote or On-Site: Hybrid

Position Summary: The Senior Manager of US Benefits will lead the strategic design, financial management, and operational execution of both Health & Welfare and Retirement programs for our approximately 2,500 US workforce. Managing a multi-million dollar budget for a $4B enterprise, this role will oversee our self-funded medical plans, direct-report a team of three specialists, and optimize our integration within SAP SuccessFactors and Businessolver to support a high-performing hybrid culture.

Key Responsibilities

• People Leadership & Team Development
• Team Management: Lead, mentor, and develop a team of three Benefits Specialists, ensuring balanced workloads across health, welfare, and retirement workstreams.
• Operational Excellence: Establish clear performance metrics, service standards, and escalation pathways for the team to handle complex employee benefit inquiries.
• Self-Funded Health & Welfare Strategy
• Financial Governance: Drive the financial performance and design of self-insured medical, dental, and prescription drug plans.
• Actuarial Modeling: Partner with consultants and actuaries to analyze monthly claims data, evaluate stop-loss coverage limits, and establish annual premium tier modeling.
• Vendor & TPA Management: Hold Third-Party Administrators (TPAs), Pharmacy Benefit Managers (PBMs), and brokers accountable to strict Service Level Agreements (SLAs).
• Retirement Plan Oversight
• 401(k) Administration: Oversee the administration, governance, and compliance of the company's defined contribution / 401(k) plan.
• Fiduciary Responsibility: Support the Retirement Committee, partner with investment advisors, monitor fund performance, and coordinate annual plan audits.
• Systems, Systems Integration & Analytics
• Tech Stack Optimization: Act as the business owner for the integration between SAP SuccessFactors (core HRIS) and Businessolver (benefits administration platform) to ensure automated, error-free data flows.
• Data Auditing: Oversee routine file feed audits (834 files), payroll deduction mapping, and system configurations for life events and open enrollment.
• Compliance, Leave & Risk Mitigation
• Regulatory Compliance: Ensure total regulatory alignment across ERISA, ACA, HIPAA, COBRA, and federal/state retirement laws.
• Mandatory Filings: Direct the timely preparation and execution of Form 5500 filings, non-discrimination testing, and ACA 1094-C/1095-C reporting.
• Absence Management: Oversee enterprise FMLA, short-term/long-term disability, and evolving state-paid family leave programs.

Required Qualifications

Experience: 8+ years of progressive corporate benefits experience, including a minimum of 3 years leading an enterprise benefits function (5,000+ employees) and managing direct reports.

Self-Funded & Retirement Expertise: Proven mastery of self-insured health plans alongside deep operational knowledge of defined contribution/401(k) plan mechanics.

Technical Proficiency: Hands-on experience working with SAP SuccessFactors and Businessolver (or highly comparable enterprise-grade benefits enrollment software).

Scale Capability: Background navigating large corporate structures ($1B+ in revenue) with an understanding of how US plans align with a global matrix.

Education: Bachelor's degree in Human Resources, Business, Finance, or a related field. Credentials: CEBS, Certified Employee Benefit Specialist, SHRM-SCP, or SPHR is highly preferred.

Benefits

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, medical, dental, vision, short and long term disability benefits, 401(k)+match and life insurance. Eligibility of benefit timing may vary.

Equal Employment Opportunity

It is Sun's policy that applicants for employment are recruited, selected, and hired on the basis of individual merit and ability with respect to the position being filled. Sun prohibits discrimination on the basis of race, color, religion, creed, national origin, age, gender, sexual orientation, gender identity, marital or veteran status, disability, or any other status protected by applicable law.