Full-Time

Benefits Program Manager

Confirmed live in the last 24 hours

Penumbra Inc

Penumbra Inc

1,001-5,000 employees

Develops medical devices for vascular conditions

Biotechnology
Healthcare

Compensation Overview

$120k - $170kAnnually

+ Equity Program

Senior

Alameda, CA, USA

Requires onsite presence in Alameda, CA.

Category
Project Management
Business & Strategy
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree with 8+ years of Human Resources or Benefits experience, or an equivalent combination of education and experience
  • Knowledge of key concepts and regulations in human resources, benefits, etc. A plus to have background in international benefits, wellness, leave of absences, Workers’ Compensation, and systems management.
  • Strong oral, written, and interpersonal communication skills.
  • Strong customer service skills and ability to handle issues with sensitivity, empathy, patience, and confidentiality.
  • High degree of accuracy, thoroughness, and attention to detail.
  • Excellent organizational and follow up skills with ability to prioritize work and meet deliverables while handling various complex projects simultaneously.
  • Excellent research, analytical, and problem-solving skills. Ability to analyze large amounts of benefits data for reporting, auditing, etc.
  • Ability to work on complex problems and projects in which analysis of situations or data requires an in-depth evaluation of various factors. Exercises independent judgment within broadly defined practices and policies. Proactive and self-driven to figure out and recommend creative solutions or identify process improvements, knows when to ask questions or escalate, and provides regular project updates.
  • Strong proficiency with MS Word, Excel, and PowerPoint. Teams and SharePoint knowledge a plus.
  • Experience with benefit/HR system implementation a plus. UKG Pro experience a plus.
Responsibilities
  • Administer various benefit and retirement programs and systems, ensuring proper setup, data accuracy, and regulatory compliance. Specific programs may vary and may include healthcare, spending accounts, life insurance, disability, and 401(k).
  • Manage vendors, including selection, timely issue resolution, maintaining and implementing file feeds, and ensuring compliance with service level agreements, escalating issues as needed.
  • Build and maintain strong relationships with broker, vendors, and other HR functions and departments to effectively resolve employee issues and comply with company policies and legal requirements.
  • Drive data integrity and accuracy in company HR/benefit and vendor systems, maintaining strict confidentiality as required. Develop and maintain audit, research, troubleshooting, and resolution processes in partnership with HR Technology team.
  • Lead various benefits and communications initiatives, projects, and system enhancements in accordance with established project management methodologies. Projects may vary and may include annual enrollment, annual reporting, health education, new programs, and systems enhancements.
  • Develop and maintain systems, and materials for communicating employee benefit and retirement information, including training HR team and employees and updating FAQs and benefits portal.
  • Lead compliance efforts for benefit and retirement programs, including recordkeeping, non-discrimination testing, plan documents, required notices, government filings, and internal and external audits.
  • Evaluate benefit and retirement programs and process/system improvements and develop proposals for enhancements. Monitor benefit trends, researching trends, best practices, and cost of implementing new programs. Stay abreast of applicable benefits and retirement legislation and compliance requirements.
  • Create and maintain procedure and process documentation, including checklists.
  • Cross-train and serve as back-up for other Benefits team members as needed.
  • Adhere to the Company’s Quality Management System (QMS) as well as domestic and global quality system regulations, standards, and procedures.
  • Understand relevant security, privacy and compliance principles and adhere to the regulations, standards, and procedures that are applicable to the Company.
  • Ensure other members of the department follow the QMS, regulations, standards, and procedures.
  • Perform other work-related duties as assigned.

Penumbra Inc. specializes in creating medical devices aimed at treating neurovascular and peripheral vascular conditions. Their products, such as the Penumbra System and the Indigo System, are designed to assist healthcare professionals in addressing issues like stroke and other vascular diseases. These devices work by providing advanced tools for interventions in neurology and vascular surgery, allowing for effective treatment options. Unlike many competitors, Penumbra focuses on a specific range of conditions and invests heavily in research and development to continuously enhance their offerings. The company's goal is to deliver high-quality medical devices that meet the needs of healthcare providers and improve patient outcomes.

Company Stage

IPO

Total Funding

$116.7K

Headquarters

Alameda, California

Founded

2004

Growth & Insights
Headcount

6 month growth

5%

1 year growth

11%

2 year growth

20%
Simplify Jobs

Simplify's Take

What believers are saying

  • Penumbra's recent product launches, such as the BMX81 and BMX96 in Europe, demonstrate their commitment to expanding and improving their product portfolio.
  • Significant investments from firms like Jennison Associates LLC and Algert Global LLC indicate strong financial backing and confidence in Penumbra's growth potential.
  • The company's participation in high-profile conferences like the Truist Securities MedTech Conference and the William Blair Growth Stock Conference highlights its industry recognition and thought leadership.

What critics are saying

  • The highly competitive medical device market requires Penumbra to continuously innovate to maintain its market position.
  • Regulatory challenges and the need for CE Marks and FDA approvals can delay product launches and impact revenue.

What makes Penumbra Inc unique

  • Penumbra's focus on both neurovascular and peripheral vascular conditions sets it apart from competitors who may specialize in only one area.
  • Their continuous investment in R&D ensures that they remain at the forefront of medical device innovation, particularly with recent launches like the Lightning Flash 2.0 CAVT technology.
  • Penumbra's global reach, serving healthcare providers in over 100 countries, provides a broad market presence that many competitors lack.

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