Benefits Manager – Healthcare Strategy

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals in close to 40 countries.

Morgan Stanley is deeply committed to the health & wellbeing of its employees. We believe the Firm is successful when its employees are healthy, engaged and supported. Our Benefits Team is seeking a benefits manager to lead healthcare strategy and play a key role in designing the Firm’s health and benefits offering, evaluating new vendor and program opportunities, and supporting the financial management and data analytics that inform our benefits strategy.

Attributes you will bring to the team:

• Subject Matter Expertise: You bring strong knowledge of employer-sponsored health benefits, including medical, dental, vision, and pharmacy, along with broader healthcare industry experience across vendors, payers, and health systems.
• Strategic Focus & Intellectual Curiosity: You are an organized self-starter who evaluates opportunities thoughtfully, balances employee experience, compliance, and risk, and looks for creative ways to improve the status quo.
• Analytical Mindset: You use data to guide decisions and identify ways to strengthen strategy, administration, and outcomes.
• Flexibility & Accountability: You work well in a fast-paced environment, adapt quickly to change, and deliver accurate, timely results.
• Collaboration: You partner effectively across teams and leadership, incorporate diverse perspectives, and help develop plans aligned to organizational goals.
• Excellent Communication Skills: You simplify complex benefits concepts and communicate clearly in writing, presentations, and conversations with employees and Firm stakeholders.

Your responsibilities will include:

Strategic evaluation of benefit plans

• Analyze current benefit plans and programs to assess competitiveness, determine gaps and identify opportunities
• Benchmark our plans, products and vendors against our peers continuously; use market data to help identify trends to inform benefits and well-being strategies
• Monitor health plan performance, utilization patterns and cost trends to inform plan changes that improve financial management and plan efficiency, in conjunction with Benefits Analytics
• Assess qualitative and quantitative implications of benefit plan changes; develop business cases for proposed changes, including pricing considerations
• Collaborate on a multi-year strategy for our health plans and vendors that focuses on health outcomes, quality, cost and the employee experience
• Stay up-to-date on industry trends and vendor offering developments

New vendor/program evaluation

• Evaluate new vendors and vendor pitches to determine potential partnerships
• Lead or assist with vendor RFPs and vendor selection process
• Work in close partnership with team lead to develop strategy around new vendor design and implementation, including program configuration, pricing structure, and communications, in conjunction with internal Benefits, Sourcing, Legal, Technology and Communications partners

General plan management and governance

• Conduct annual vendor contracts review and negotiations with a focus on performance guarantees
• Collaborate on annual review and updating of SPDs
• Support Annual Enrollment processes
• Stay current on regulatory and legislative developments; partner with ERISA counsel and vendors to assess impact and implement required plan and document updates.

Analytics & Financial Oversight

• Analyze plan data to inform benefit strategy using data warehouse
• Support data gathering and analysis for external surveys on our benefit offerings
• Drive efforts to track, plan, and deliver regulatory reporting needs to ensure federal, state and local compliance
• Support financial operations including budgeting, payments and reconciliations

Required Qualifications:

• Bachelor’s degree from an accredited institution.
• 3+ years of work experience on a corporate benefits team, health plan administrator or consulting firm
• Demonstrated experience with employer-provided health benefits
• Proficiency in MS Office suite

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $91,000 and $131,500 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.