Senior Manager, Benefits Strategy- Health & Welfare

Abbott

  • Abbott Park, IL
  • Permanent
  • Full-time
  • Just now
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:
  • Career development with an international company where you can grow the career you dream of.
  • Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
  • An excellent retirement savings plan with a high employer contribution
  • Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
  • A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
  • A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.
The OpportunityWe are seeking a strategic and analytical Benefits professional to join our US Benefits team as a Senior Manager, Benefits Strategy- Health & Welfare. This is an exciting opportunity to shape the future of our benefits programs by leveraging data, analytics, and vendor partnerships to deliver innovative, cost-effective, and employee-focused solutions. Based on site in Abbott Park, IL, this role plays a critical part in aligning benefits strategy with business goals and employee needs.What You’ll DoAs a Senior Manager on the US Benefits team, you will be responsible for driving the development and execution of Benefits Strategy across the organization. You will serve as a key liaison between internal stakeholders and external partners, ensuring that our benefits programs are competitive, sustainable, and aligned with our overall Compensation & Benefits philosophy. This role requires a high level of analytical rigor, strategic thinking, and cross-functional collaboration.Key Responsibilities
  • Strategy & Planning: Support the design of the benefits strategies that align with organizational objectives and enhance the employee experience.
  • Data Analytics & Forecasting: Analyze complex benefits data to identify trends, evaluate plan performance, and model future costs to support financial planning and decision-making.
  • Vendor & Consultant Management: Manage relationships with key partners and vendors, ensuring alignment with strategic goals and service excellence.
  • Project Leadership: Lead and contribute to cross-functional initiatives related to plan design, cost containment and employee engagement.
  • Reporting & Communication: Develop and present clear, data-driven insights and recommendations to senior leadership and stakeholders.
Required Qualifications
  • Bachelor’s degree in Actuarial Science, Business, Mathematics, Statistics, or a related field; advanced degree or actuarial credentials are a plus.
  • 10+ years of overall professional experience, including 6+ years in employee benefits, with a focus on Health & Welfare vendor management, strategy and analytics.
  • Experience managing large, complex employer benefit plans.
  • Strong background in benefits data analysis, forecasting, and modeling.
  • Proven experience working with or for benefits consultants and managing vendor relationships.
  • Demonstrated ability to lead complex projects and influence internal and external cross-functional stakeholders.
  • Excellent interpersonal, communication, presentation, and organizational skills.
  • Ability to work independently and collaboratively in a fast-paced, matrixed environment.
Preferred Qualifications
  • Advanced degree; actuarial credentials are a plus.
  • Prior experience working for a large consulting firm.
  • Deep understanding of Pharmacy Benefit Management contracting, vendor oversight, formulary management, and rebate optimization strategies.
  • Strong grasp of cost modeling, budgeting, and financial impact analysis related to benefits programs.
Apply NowLearn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.The base pay for this position is $127,300.00 – $254,700.00. In specific locations, the pay range may vary from the range posted.

Abbott