Location
Bridgewater, NJ | United States
Job description
Insmed is a global biopharmaceutical company on a mission to transform the lives of patients living with serious and rare diseases. Our most valuable resource is our employees, and everything we do is motivated by a patients-first mentality. We are dedicated to growing our team with talented individuals from around the world who are willing to challenge the status quo, solve problems, and work collaboratively with a sense of urgency and compassion.
Guided by our core values of collaboration, accountability, passion, respect, and integrity, we aim to foster an inclusive, diverse, and flexible work environment, where our employees are recognized for leaning in and rolling up their sleeves. If you share our vision and want to work with the most dedicated people in the biopharma industry, come to Insmed to accelerate your career.
Named Science’s Top Employer in 2021, 2022, and 2023
Insmed is dedicated to creating a collaborative environment where our team can thrive. Every day, our employees turn their passion for science and research into innovative solutions for patients. That’s why we were named the No. 1 company to work for in the biopharma industry in Science’s Top Employers Survey for two years in a row.
A Certified Great Place to Work
We believe our company is truly special, and our employees agree. In July 2023, we became Great Place to Work-certified in the U.S. for the third year in a row. We are also honored to have been listed on the Best Workplaces in Biopharma™, Best Workplaces in New York™, and Best Workplaces for Millennials™ lists.
This role supports the Sr. Director, Total Rewards to manage the U.S. benefit plan administration. The Benefits Manager administers, implements, maintains and develops benefit programs, policies and procedures. Requires monitoring of the various plans and policies to ensure compliance with legal requirements and company objectives. This is a hands-on role requiring a strong level of attention to detail, customer service, communication skills and requires the flexibility to manage a variety of work independently.
Additional representative responsibilities will include, but not necessarily be limited to, the following:
- Demonstrate comprehensive understanding of U.S. benefits plans, including but not limited to group medical, dental, vision, life insurance, short- and long-term disability, Health Savings Accounts, Flexible Spending Accounts, various voluntary benefit offerings, 401(k), and well-being benefits.
- Ensure familiarity with contracts, benefits policies, and procedures
- Assist employees with questions, directing them to appropriate to resources and escalating vendor or other complex issues.
- Support the implementation, roll out and delivery of new benefits/programs, and employee communications.
- Manage monthly benefit plan invoicing; verify the calculation of the premium statements for all group plans and submit and track timely payment.
- Manage absence and leaves of absence administration; work with third-party administrator ensuring that leaves and disability programs are being administered timely, accurately and in accordance with leave documentation; c ommunicate leave of absence policies to employees and managers; support Workday absence and leave configuration for statutory requirements; maintain complete and accurate records to include any impact to payroll deductions and benefits payments. Partner with legal department to ensure compliance with various federal, state, and local leave legislation and mandates. Develop leave administration process changes and implement them as needed in response to changes in legal requirements.
- Develop employee communications in partnership with our Corporate Communications group to optimize communication platforms/media; develop and execute communications to increase employee awareness, participation, and understanding of a variety of benefit plan programs and initiatives (open enrollment, well-being, new plans, plan changes, plan documents,etc.) :provide benefit education opportunities to employees through either internally developed materials or partnering with vendors or broker resources.
- Support the development and administration of a variety of programs related to the company’s overall well-being initiatives. Support the management of wellness programs and preventive health events and develop creative and effective communication to drive employee participation at such events and focus on personal wellness in a variety of ways. Partner with wellness vendors and supervise on-site wellness activities; plan , schedule, and host HQ health-related events for employees (flu-shot clinic, on-site screenings etc.).
- Actively participate in all Open Enrollment (OE) activity, including the development of communication materials, data auditing, ensuring completeness of the process and appropriate Payroll set up.
- Support 401(k) plan administration with non-discrimination testing, annual audit, and distribution of required disclosures
- Maintain an understanding of current, new, and developing legislation and trends affecting employee benefit programs; recommend changes to ensure continued compliance and value and implement as approved.
- Support compliance activities including but not limited to ACA, ERISA, HIPPA, ADAAA, ACA, SECTION 125 requirements. Ensure distribution of required employee notices and plan documents.
- Maintain benefit documentation for all carriers (contracts, invoices, COBRA, employee benefit/wellness guide), ensure filing of 5500’s and distribution of benefit summaries as required
- Engage with third-party vendor resources such as brokers, carriers, and other to ensure smooth administration of company benefits plans.
#LI-KM
#LI-Hybrid
Up to 5% travel based on vendor requirements
Insmed takes into consideration a combination of candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required in the role, and external market and internal value when determining a salary level for potential new employees.
The base salary range for this job is from $108,000.00 to $150,667.00 per year
We’re committed to investing in every team member’s total well-being, now and in the future. We offer a competitive total-rewards package to all employees around the world, including:
- Flexible approach to where and how we work
- Competitive compensation package including bonus.
- Stock options and RSU awards
- Employee stock purchase plan
- 401(k) plan with company match
- Professional Judgment Vacation Policy
- 11 paid holidays per year and Winter Break (typically between Christmas and New Year’s Day).
ADDITIONAL U.S. BENEFITS:
- Medical, dental, and vision plans
- Company-provided short- and long-term disability plans
- Company-provided life insurance
- Unique offerings of pet, legal, and supplemental life insurance
- Flexible spending accounts for medical and dependent care
- Accident and Hospital Indemnity plans
- Supplemental AD&D
- Employee Assistance Program (EAP)
- Mental Health on-line digital resource
- On-site, no-cost fitness center at our U.S. headquarters
- Paid time off to volunteer
Insmed Incorporated is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.
Unsolicited resumes from agencies should not be forwarded to Insmed. Insmed will not be responsible for any fees arising from the use of resumes through this source. Insmed will only pay a fee to agencies if a formal agreement between Insmed and the agency has been established. The Human Resources department is responsible for all recruitment activities; please contact us directly to be considered for a formal agreement.
Please note that we review every submission, and we will keep all submissions on file for six months.
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