Merck Compensation & Benefits Data Management in Kenilworth, New Jersey
Merck & Co., Inc. Kenilworth, N.J., U.S.A. known as Merck in the United States and Canada, is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products. The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where Merck has codified its legacy for over a century. Merck’s success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare
Sr. Specialist, Compensation & Benefits Data Management
As part of the Compensation & Benefits Operations team, you play a key role in the exceptional delivery of Merck’s Total Rewards program to employees and their families.
The Senior Specialist, Compensation & Benefits Data Management is a role essential to the sustainability and success of our total rewards programs. This role will initially be focused on supporting our US retirement programs (DB & DC) and eventually expand to include other compensation & benefits programs as we progress in our journey to Workday. Strong collaboration is also required with other teams in HR Operations, Finance, and with our numerous external suppliers.
Provide thought leadership around total rewards data management activities to enable the coordination and delivery of reliable data for internal decision making and compliance purposes
Direct activities across benefits operations to ensure cohesive support of benefits data collection, review, and reporting
Participate in continuous improvement activities, defining and implementing the changes required to evolve our total rewards administration capabilities
Represent the Company in interactions with key external partners including our benefits administration suppliers and regulatory bodies including the IRS and DOL related to benefit plan audits documentation of controls
Lead cross-functional teams during M&A which relate to new implementations and changes to existing data interfaces
Drive data initiatives in our financial benefits programs to build a progressive, personalized participant experience
Translate policy and program changes into data integration requirements
Identify areas of downstream risk related to data quality and initiate remediation efforts to correct upstream behavior and processes
Education & Experience
Minimum of a Bachelor’s degree is required
Minimum of 6 years of work experience in HRIS & data management, benefits administration, workforce analytics, or related fields
Workday experience is preferred
Strong knowledge of US benefits programs, including health & welfare benefits, qualified and non-qualified DB & DC retirement plans, and retiree medical plans
Deep understanding of HCM processes and data integrations which drive effective benefit plan administration, with the ability to assimilate and analyze large, complex data sets
Ability to articulate plan controls for external and internal compliance purposes related to IRS, DOL, and SOX requests
Effective in remediating data integrity gaps through root cause analysis
Versed in the linkage of benefits administration with payroll processes
Strong functional leadership, judgment, and problem-solving skills
Your role at Merck is integral to helping the world meet new breakthroughs that affect generations to come, and we’re counting on your skills and inventiveness to help make meaningful contributions to global medical advancement. At Merck, we’re inventing for life.
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Visa sponsorship is not available for this position.
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Merck is an equal opportunity employer, Minority/Female/Disability/Veteran – proudly embracing diversity in all of it’s manifestations.
Job Shared Services
Title: Compensation & Benefits Data Management
Primary Location: NA-US-NJ-Kenilworth
Requisition ID: SHA002061
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