What are the responsibilities and job description for the U.S. Benefits Design and Strategy Vice President, Measurement and Initiatives position at JPMorgan Chase?
Come join our U.S Benefits team to impact our initiatives aimed at improving employee health care!
As a U.S. Benefits Design and Strategy Vice President on the U.S. Benefits Design and Strategy Team, you will be responsible for evaluating, implementing, measuring, and managing U.S. healthcare initiatives aimed at improving employee health care.
The JPMorgan Chase (JPMC) benefits program is one of the largest in the United States, serving as a cornerstone of our value proposition to attract and retain top talent. Our comprehensive programs include a range of healthcare and insurance offerings designed to support the well-being of our employees and their families, ensuring they have access to the best possible care and resources.
The JPMorgan Chase U.S. Benefits Design and Strategy team is responsible for evaluating, managing and implementing changes to various benefit programs (e.g., medical, dental, vision, 401(k), life insurance, long-term disability), monitoring plan performance, regulations and marketplace trends, and taking an active part in the design and implementation of the firm’s overall wellness initiatives. The medical plan and wellness program is designed to meet the needs of over 180,000 U.S. employees and is recognized for its commitment to employee health and well-being. This is a full-time role based in Jersey City, NJ.
Job responsibilities:
- Managing the day-to-day operations of healthcare initiatives, which includes managing designated vendor(s) in areas such as product offerings, program administration, process changes, member experience/engagement, communications and escalated issues
- Developing and monitoring metrics for measuring ongoing performance and effectiveness of benefits offerings and initiatives, ensuring consistency in measurement methodologies and objective comparison of financial performance/metrics between vendors/programs
- Identifying areas for program enhancements; leading evaluations of ad hoc benefits offerings or program enhancements, which include conducting research and analysis, defining success measures, and preparing materials for senior management review and approval
- Managing deliverables across internal and external stakeholders; understanding reporting/financials; supporting risk/compliance work and plan audits; promoting operational excellence
- Working with the broader benefits team on developing and implementing innovative ways to engage employees in their overall well-being
- Monitoring healthcare trends and emerging employer healthcare innovation opportunities
- Partnering with internal stakeholders including benefits data analysis and reporting, administration, corporate strategy, customer service, communications, finance, HR technology, legal, IT security, sourcing and wellness teams
Required qualifications, capabilities, and skills:
- Strong understanding of the healthcare marketplace, along with a demonstrated track record of deep and thoughtful analysis of the healthcare marketplace, as it relates to large employer plans
- Minimum 10 years in corporate benefits, benefits consulting, or health plan/health insurance field
- Willingness and ability to innovate fresh and/or unique approaches and solutions
- Experience working in a strategic, analytical, or metric-driven position
- Ability to effectively lead and collaborate across internal and external stakeholders
- Ability to work in a fast-paced, time sensitive work environment, multi-task, work independently, meet deadlines, and manage multiple deliverables
- Strong and effective verbal and written communication skills, including strong presentation skills and project management skills, with a high level of attention to detail
- Bachelor’s degree required
Preferred qualifications, capabilities, and skills:
- Large firm experience (50,000 employees)
- Experience working in corporate benefits, with a particular focus on strategy and analytics, is strongly preferred
- Proficiency with self-insured actuarial/financial analysis is strongly preferred
To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).