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Senior Director, Benefits Design
Foot Locker
New York, NY, United States
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Overview
Foot Locker, Inc., the world's leading retailer of athletically inspired shoes and apparel, is seeking a Senior Director, Benefits Design. The Senior Director, Benefits Design plans and directs the overall design, implementation, communication, and administration of benefit programs, including health, welfare, and retirement programs and plans. The role reports to the Vice President of Global Total Rewards, and will lead the Benefits COE and HR Operations Center. This individual will partner with leadership within HR and across the company to ensure that all benefits programs are competitive, cost-effective, legally compliant, and supportive the company’s strategic objectives.
The Global Total Rewards team at Foot Locker, Inc. designs and delivers market-competitive total rewards programs that support Foot Locker’s Talent Strategy. The Team is responsible for the design, implementation and execution of Foot Locker’s global compensation, benefits and performance management programs.
Foot Locker, Inc. operates approximately 3,500 athletic retail stores in 23 countries in North America, Europe and Australia under the brand names Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Champs Sports, SIX:02, Eastbay, Runners Point and Sidestep. We attribute our success to the drive and intelligence of our Associates. Operating in team-driven culture, our goals and achievements as a company are boundless.
Responsibilities
• Develop short-term and long-term priorities and overall strategy that aligns with the Foot Locker’s strategic objectives and delivers a transformed associate experience
• Plan and direct the overall design and implementation of all associate benefit programs, including medical, dental, vision, retirement and financial programs and work, life and family consistent with the company’s strategic direction and employment proposition
• Analyze current and developing legislation, healthcare and pension regulations and other environmental factors impacting plan performance and program competitiveness
• Manage program financials and utilization, prepare annual budgets and track all benefits related expenses
• Oversee the effective communication of the benefits plans and programs to optimize impact and understanding
• Work closely with organization to develop a strong value proposition and brand and clear and concise communication materials
• Manage strong vendor partnerships and utilization of external network of experts
• Ensure that benefit plans are administered in compliance with federal and state laws and regulations
• Ensure that all plan filings (such as Form 5500) and audits are performed to maintain plan qualification and compliance
• Oversee the audit process and work closely with Legal to develop required notices, plan amendments, plan documents, eligibility appeal response and other required documentation
• Lead, develop and motivate a strong, effective and respected Benefits organization
Qualifications
• At least 10 years of experience in benefits design, strategy and management
• Bachelor's degree required; Master’s degree in Business Administration or Human Resources is a plus
• Ability to develop a benefits strategy that is aligned with the critical priorities of the business
• Experience with non-qualified plans, executive perks, amenities and work life programs
• Experience with defined benefit pension plans
• Experience working within a highly-matrixed environment
• Solid business acumen and strategic thinker with excellent grasp of the financial and economic drivers of the overall business
• Excellent at team building and motivating people. Skilled at accomplishing goals through others. Proficient at being a teacher, mentor and coach
• Highly articulate with outstanding written, verbal and interpersonal communication skills and strong executive presence