Manager, Benefits

Job Summary

The Manager, Benefits role is responsible for the design, implementation, administration, and communication of the organization's employee benefits programs for North America. Areas of responsibility include health, dental, vision, disability, life insurance, wellness, retirement plans, and leave programs, ensuring that Masimo's employee benefit offerings support the company's strategic objectives and comply with federal and state regulations.

Duties & Responsibilities

• Oversee the day-to-day operations of group benefits programs (group health, dental, vision, short-term and long-term disability, life insurance, flexible spending plan, retirement plans, etc.)
• Serve as primary contact for plan vendors and third-party administrators
• Evaluate and compare existing company benefits by participating in market surveys, analyzing data, comparing to other employer plans etc.
• Recommend benefit plan design changes to leadership based on data analysis, industry trends, and cost analysis
• Ensure compliance with applicable government regulations including ACA, HIPAA, COBRA, ERISA, and FMLA.
• Manage the annual open enrollment program, including employee data prep, communication, system readiness and audits
• Manage on-site employee benefits fairs and other related initiatives, in coordination with vendors
• Maintain employee benefits files and update HRIS/benefits platforms
• Partner with payroll to ensure accurate benefits deductions and data reporting
• Prepare and file required documents such as Form 5500 and other compliance reports
• Perform other duties or special projects as assigned

Minimum & Preferred Qualifications and Experience

Minimum Qualifications

• 8+ years of progressive experience in benefits administration, including 2+ years in a managerial or lead role
• Strong knowledge of federal and state benefits regulations
• Experience with benefits administration systems and HRIS (e.g., Oracle Cloud HCM, ADP)
• Excellent analytical, organizational, and problem-solving skills
• Strong communication and interpersonal skills
• Proficient in MS Office Applications (e.g. Outlook, Word, Excel and PowerPoint)

Preferred Qualifications

• Certified Employee Benefits Specialist (CEBS), World at Work Certified Benefits Professional (CBP) or related certification

Compensation

The anticipated salary range for this position is $115,000 - $140,000 plus benefits. Actual placement within the range is dependent on multiple factors, including but not limited to skills, education, and experience.

This position also qualifies for up to 15% annual bonus based on Company, department, and individual performance.

Masimo offers benefits such as Medical, Dental, Vision, Life/AD&D, Disability Insurance, 401(k), Vacation, Sick, Holiday, Paid Maternity Leave, Flexible Spending Accounts, Voluntary Accident, Critical Illness, Hospital, Long-Term Care, Employee Assistance Program, Pet Insurance, on-site Wellness Clinic, Fitness Center and Cafe. All benefits are subject to eligibility requirements.

Education

Bachelor's degree in Human Resources, Business Administration, or related field

Physical requirements/Work Environment

This position primarily works in an office environment. It requires frequent sitting, standing and walking. Daily use of a computer and other computing and digital devices is required. May stand for extended periods when facilitating meetings or walking in the facilities. Some local travel is necessary.

The physical demands of the position described herein are essential functions of the job and employees must be able to successfully perform these tasks for extended periods. Reasonable accommodations may be made for those individuals with real or perceived disabilities to perform the essential functions of the job described.