What are the responsibilities and job description for the Director of Benefits position at Reyes Holdings?
Pay Transparency Statement:
The compensation philosophy reflects the Company's reasonable expectation at the time of posting. We consider a number of factors when making individual compensation decisions including, but not limited to, skill sets, experience and training, and other business needs. This role may also be eligible to participate in a discretionary incentive program, subject to the rule governing the program.
Position Summary:
The Director of Benefits will be responsible for overseeing the design and general management of our company's employee benefits and retirement programs. The primary objectives will be to ensure our benefits offerings align with our strategic objectives, attract and retain top talent, and promote the well-being and financial security of our employees.
Position Responsibilities may include, but not limited to:
- Assist in the development of a comprehensive benefits strategy that aligns with the company's overall objectives and culture
- Evaluate existing benefits programs, analyze market trends, and identify opportunities for enhancements or modifications
- Collaborate with senior leadership to determine benefit plan design, for all Health & Welfare and Retirement Plans (including retirement, health, dental, vision, disability, life insurance, wellness programs, and other ancillary benefits)
- Oversee the administration and compliance of retirement plans, such as 401(k), pension and deferred compensation
- Help evaluate, select, and manage relationships with external benefit providers, brokers, consultants, and third-party administrators
- Assist with negotiating contracts, fees, and service level agreements to optimize cost-effectiveness and service quality
- Stay informed about industry best practices and emerging trends to continuously enhance benefit offerings and competitiveness
- Ensure compliance with all applicable laws, regulations, and reporting requirements related to employee benefits and retirement plans
- Develop and implement communication strategies to educate employees about available benefits and retirement plans
- Other projects or duties as assigned