Senior Benefits Manager

Headquartered in McLean, Virginia, Capital One® Financial Corporation (NYSE: COF) is a financial holding company whose principal subsidiaries are Capital One Bank, Capital One, F.S.B., Capital One Auto Finance Inc., and Hibernia National Bank. Capital One offers a variety of consumer lending and deposit products, including credit cards, auto loans, small business loans, home equity loans, installment loans, and savings products.  Capital One was established in 1995 on the belief that the power of information, technology, testing and great people could be combined to bring highly customized financial products directly to consumers. Since then, Capital One has emerged as a Fortune 500 company and one of America's largest consumer franchises.  With over 20,000 associates, almost 50 million customer accounts and operations in the U.S., Canada and the United Kingdom, Capital One is one of the nation's most recognized brands.



Additional information about Capital One can be found on its website: www.capitalone.com.



Develop associate/executive retirement and health & welfare plan strategic direction, including integration strategies of recently acquired companies.

Benchmark against competitive plan designs, assess Capital One’s programs and recommend appropriate design initiatives within the realities of today’s cost constraints.

Ensure that plan designs are compliant with all relevant benefits laws and regulations, and that compliance monitoring and reporting processes are effective and efficient with internal and external administrators.

Assess the impact of key legislative and tax changes that impact the benefit plans.

Develop medical plan pricing strategies that encompass multiple office locations and business units.

Participate in and lead cross-functional teams focusing on topics such as health and welfare plan funding, health management initiatives, and flexible benefit offerings.

Review key legislative activity and participate with appropriate industry groups.

Prepare recommendations for corporate leadership approval, utilizing both internal partners (legal, finance, etc.) as well as external consultants, where needed.

Support rate renewals with healthcare vendors and company-wide outsourcing proposals.

Prepare benefits monitoring reports and other analytical reports that are meaningful to the function.

Ensure implementation of any design and process changes.

Ensure all benefits programs are administered effectively and in accordance with plan intent.
REQUIREMENTS
Undergraduate degree required; MBA preferred.

7-10 years of increasingly responsible benefits experience with multi-national companies (corporate and/or consulting).

Experience in leading teams of direct and/or indirect reports in a matrixed work environment.

Strong knowledge of ERISA, benefits laws and regulations.

Understanding of best practices in benefits design and compliance.

Experience with planning and managing vendor relationships.

Experience with program start ups, terminations and mergers.

Strong project management, prioritization and organization skills.

Strong "internal consulting" and influencing skills.

Strong analytical skills including financial modeling and analysis.

Ability to work under pressure within short time constraints.

Excellent written and verbal communication skills.

Knowledge of HRIS (PeopleSoft), compensation preferred.

High proficiency with MS Office required.



To apply, please visit www.capitalone.com/careers

Job reference #505832