The US Health and Insurance Specialist is a key strategic and analytical role within the Global Benefits and Wellbeing Team at BNY Mellon. The individual will work closely with the Director, US Health and Insurance Design in overseeing all facets of health and Insurance benefit plan strategy, design and budgets, along with being responsible for analysis of the effectiveness of the company’s various benefit plans and programs while managing trend below market. This is an innovative, changing environment and the candidate has the opportunity to introduce new approaches and concepts to the benefits function. Responsibilities Through fact-based analysis this position will be responsible for gaining insight into BNY Mellon population health risks, identifying peer and vendor marketplace trends and best practices and maintaining expert knowledge of the rapidly changing healthcare marketplace. Working with internal and external constituencies, the incumbent will formulate a data-driven approach to identify and recommend best-in-market programs to enhance member engagement, improve quality outcomes, enhance population health and wellbeing, and control costs. Research, benchmark, organize, analyze, interpret and present healthcare metrics from a variety of resources. Assist in preparation of senior management exhibits to make critical business decisions Assist in implementation of any agreed upon benefit solutions, including partnering with broader internal and external stakeholders as well as reviewing various participant facing communications Work with broader Benefits and Wellbeing team in developing and implementing innovative ways to actively engage our employees and their families in understanding and using their benefits in a meaningful way that maximizes the member experience and enhances overall perception As program changes are contemplated, the US Health and Insurance Specialist will work with internal and external teams to develop and conduct vendor requests for information and proposals, analyze findings, evaluate vendor risk, negotiate contracts and implement programs to support BNY Mellon’s healthcare strategy. The position will analyze and report on vendor performance against contractual performance guarantees. Qualifications Bachelor’s Degree required, preferably with significant quantitative work 3 - 7 years of experience in benefits consulting or benefits management demonstrating success in the design/management of large employer health and benefits plans; alternatively, similar experience in a consultative role gained at a carrier or vendor Current or prior actuarial exam experience or training is desirable A CEBS designation is desirable Ability to develop analytics and analyze trends, develop meaningful recommendations, and communicate the information in a logical concise way Knowledge of and experience with all aspects of the healthcare marketplace with emphasis on superior financial skills including prior experience in health and insurance plan design, product pricing, benchmarking, underwriting, IBNR reserves, benefit accrual budgeting and valuation work is desired Strong process and project management skills with ability to manage multiple projects simultaneously, re-prioritize as needed and problem solve autonomously Experience in facilitating RFPs, negotiating annual renewals, evaluating plan documents and employee benefit communications is desired Excellent executive presentation skills, able to communicate complex ideas clearly and concisely, and able to respectfully question or challenge others to think through problems, discover improvement opportunities and identify viable alternatives Strong verbal and written communication skills, including the ability to prepare and present recommendations to various audiences including benefits management, executive management and internal corporate business units Must be able to work independently and effectively with a variety of internal teams and external resources, including consultants, vendors, legal counsel and industry groups. Proficient Microsoft Office skills, particularly in Excel and PowerPoint BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums. Primary Location: United States-Pennsylvania-Pittsburgh Internal Jobcode: 75006 Job: Human Resources Organization: HR Compensation-HR06282 Requisition Number: 2116199