Healthcare Benefits Manager
Caterpillar

Job Info

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Career Area:
Human Resources
Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Caterpillar is looking to add a skilled Total Rewards Senior Manager to our team. Your role will be to manage a team of prescription drug benefit professionals responsible for the design and administration of Caterpillar's U.S. prescription drug benefits. You will also have the opportunity to develop the prescription drug benefits strategy and generate innovative ideas to overcome complex benefit related challenges. You will be joining a team known for creating and implementing cutting edge solutions for managing prescription drug costs. If you enjoy collaboration, building strong business relationships and working with a purpose, we encourage you to apply!

What You Will Do:

• Create and periodically update the U.S. Rx benefit strategy.
• Regularly review prescription drug products for potential formulary inclusion and tier placement.
• Review and approve utilization management policies.
• Analyze data to identify and address drivers of excess cost.
• Manage pharmacy network design and contracting.
• Sponsor and provide oversight of "Request for Information" and "Request for Proposal" projects for Pharmacy and Pharmacy Benefit Management services.
• Collaborate with a broader healthcare benefits team on overall healthcare benefits strategy and initiatives.
• Lead internal team(s) to ensure delivery of prescription drug benefit processes and services to ensure compliance with company or legal requirements and securely manage employee data in line with company policies.
• Oversee vendor management activities for prescription drug benefit related vendors.
• Oversee Retiree Drug Subsidy (RDS) processes.
• Helping monitor overall benefits costs and assure competitive pricing for all benefits program components.

What You Have:

• Extensive knowledge of large employer benefit programs and processes; ability to design and implement legally compliant healthcare benefit programs that deliver best in class cost and quality. Comprehensive understanding of benefit regulatory requirements (e.g., ERISA, DOL, HHS, HIPAA, ACA, CAA).
• Ability to analyze employer benefit plans and market trends, then compile proven best practices.
• Strong working knowledge of common and uncommon self-funded employer healthcare benefit designs and considerations.
• Experience with creating compelling business cases to support benefit design recommendations.
• Experience leading implementation of healthcare benefit programs and initiatives.
• Experience managing vendors that provide complex and multifaceted services.
• Problem solving skills with examples of successful and innovative ideas.
• Excellent presentation and public speaking skills. Ability to effectively transmit, receive, and accurately interpret ideas and information through the application of appropriate communication techniques.
• Lead and present collaborative assessments that persuasively influence decision makers.
• Innovative and analytical thinker.
• Proficient user of Microsoft Word, PowerPoint, Excel, Outlook, Teams

What You Will Get

Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world. You will collaborate deeply with leading experts in medical, prescription drug, vision, dental, and other benefits. Here you earn more than just a salary because we value your performance. We offer a total rewards package that provides day one benefits (medical, dental, vision, RX, and 401K) along with the potential of an annual bonus. Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

Additional Info:

• Location: Peoria, Illinois
• Travel: 5-10 %

About Caterpillar

Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. #LI

Posting Dates:
April 26, 2024 - May 2, 2024
Any offer of employment is conditioned upon the successful completion of a drug screen.

EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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