Full-Time

Benefits Manager

Posted on 11/5/2024

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Mid, Senior

Fort Worth, TX, USA

Hybrid schedule requires in-office presence in Fort Worth, TX.

Category
Human Resources
People & HR
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree or equivalent experience
  • 5 years of HR leadership experience in benefits administration, leave administration or HR Operations role
  • 3+ yrs experience leading leave administration programs in a multi-state environment.
  • Strong understanding of employment laws such as ERISA, COBRA, FMLA, ADA, PWFA, HIPPA, ACA and other federal and state laws covering leaves/state disability programs or benefits.
  • Strong analytical skills with the ability to solve complex problems, reconcile data and develop creative solutions.
  • Excellent verbal and written communication skills and ability to work collaboratively with cross-functional teams; Possess ability to remain tactful, calm and persuasive in complex situations.
  • Organized and able to handle multiple tasks and projects simultaneously in a fast-paced high-volume environment.
  • Expertise in plan administration, development, implementation, and training of current programs.
  • Strong ability to read a situation, navigate sensitivities and find creative solutions to workplace accommodations or return to work solutions, while interpreting applicable law.
  • A strong sense of ownership and accountability for your area and an understanding of how it fits into the larger, enterprise experience.
  • A positive outlook and a flexible mindset that works well in a dynamic, growth-oriented environment where you’ll need to pivot when things don’t go as planned.
  • Advanced skills with Excel and Powerpoint.
  • Stays abreast of industry related activities, state/federal laws pertaining to benefits accommodations and leave administration.
Responsibilities
  • Administer all aspects of employee benefits including planning, implementation, regulatory compliance, communication, training/education, and administration of programs.
  • Drive the Leave of absence and ADA administration function ensuring compliance in a multi-state environment, developing progressive tools, guides and resources for consistency and maintaining a positive employee experience.
  • Manage a team of leave specialists and ADA subject matter experts to compliantly administer workplace accommodations, leave processes and workers compensation in partnership with third party vendors (Disability, FMLA, parental leave, etc.).
  • Manage complex cases requiring nuanced interpretation of eligibility and compliance for various scenarios, including state-specific leaves and workers' compensation while providing proactive and pragmatic solutions.
  • Attracts and evolves a high performing team. Provides actionable performance feedback and meaningful coaching.
  • Automate and improve the accommodation process associated with ADA and PWFA using our HRIS systems.
  • Leads projects with key partners to execute upon new state laws, new benefit programs or annual enrollment. Serves as subject matter expert on total rewards initiatives for cross functional projects.
  • Monitors enrollment and utilization of benefit programs, including self-insured and fully insured plans, leave/disability programs and wellness programs and initiatives, ensuring compliance and controlling costs.
  • Serve as a liaison with insurance carriers, vendors on various matters such as health and welfare plan design, plan coverage, plan renewals, materials, and program performance and leave administration.
  • Develops and analyzes key performance indicators and metrics to identify trends and opportunities to enhance programs. Reconciles pay or benefits data.
  • Develops innovative solutions, or process improvements to create internal efficiencies or enhance the employee experience.
  • Other related duties assigned as needed.

OneMain Financial specializes in providing personal loans to individuals, especially those with lower credit scores who may not have access to traditional banking. They offer both secured loans, which require collateral, and unsecured loans, catering to various financial needs like debt consolidation and home improvements. The company generates revenue through interest and fees, and it has a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities. OneMain aims to deliver accessible financial solutions through its extensive branch network and online resources.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Pagaya enhances technology integration for improved customer service.
  • Growing demand for digital lending platforms aligns with OneMain's service expansion.
  • AI-driven credit scoring models can improve risk assessment and personalized loan offerings.

What critics are saying

  • Class action lawsuit over Military Lending Act violations may incur legal costs.
  • Rising interest rates could increase default rates among OneMain's customer base.
  • Executive stock sales and board resignation may signal internal instability.

What makes OneMain Financial unique

  • OneMain offers both secured and unsecured loans, catering to diverse financial needs.
  • The company has a strong U.S. presence with numerous branches nationwide.
  • OneMain's Springleaf Funding Trust securitization platform provides steady capital for loan funding.

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