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Benefits Strategy Associate

Req #: 180027692
Location: Jersey City, NJ, US
Job Category: Human Resources
Potential Referral Amount: 0 US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.  
 
 General Summary:
As part of the U.S. Benefits department, the U.S. Benefits Design and Strategy team is responsible for evaluating and implementing changes to various benefit programs (e.g., medical, dental, vision, 401(k), pension, life insurance, LTD), 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 Benefits Strategy associate is part of a key strategic and analytical group within this team, primarily responsible for assisting with the research and implementation of strategic benefits initiatives of the team.
 
Our U.S. Benefits Department is responsible for healthcare and insurance plans and qualified plan offerings, Wellness programs offered to our employees and their covered spouses/domestic partners, onsite Health & Wellness clinics available at 28 major sites around the country, Employee Assistance Program, and related regulatory and internal reporting required to properly oversee these offerings.
 
Principal Responsibilities include:  
  • Assist the Strategy Manager with his/her duties related to Health Transformation Alliance (HTA), a large employer coalition, of which JPMorgan Chase is a member.  The responsibilities will include assisting with investigating solutions put forward by the HTA to determine whether appropriate and beneficial for JPMC
  • Work with the Strategy Manager to investigate ad hoc benefits offerings or enhancements to benefits provisions based on (1) latest market trends and benchmarking information, (2) intelligence gathered from analyzed plan data, or (3) requests from other sources, such as senior management
  • As part of the analysis and decision-making, the Strategy Associate will need to perform detailed research (as necessary), engage in cost analysis, assist with determining how success and ROI will be measured and help prepare PowerPoint presentations for various audiences, including  senior management
  • Strong project management skills are required in order to assist with the 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 the broader team on developing and implementing innovative ways to engage employees in their overall well-being
     
Qualifications:
  • Bachelors degree
  • Minimum 3-5 years’ experience in strategic initiatives and/or U.S. benefits
  • Must have experience working in a strategic, analytical or metric driven position
  • Strong verbal and written communication skills
  • Strong analytical and problem-solving skills, as well as project management skills, with a high level of attention to detail
  • Ability to multi-task, work independently, meet deadlines, and manage multiple deliverables
  • Solid knowledge of standard desktop applications: MS Office, Powerpoint, Excel
     
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