S&C Electric Company · 1 day ago
Senior Manager- US Benefits
Chicago, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$138K/yr - $182K/yr
10+ years expS&C Electric Company is a leader in the electrical industry, committed to innovation and employee ownership. The Senior Manager – US Benefits provides strategic leadership for all US benefit programs, ensuring compliance and operational excellence while collaborating with various stakeholders to enhance team member experience.
ConsultingCyber SecurityElectronicsEnergyManufacturing
Hiring Manager
Kevin DeWitt (CDR)
Responsibilities
Direct and govern the administration of the company’s KSOP (combined 401(k) and ESOP) plan ensuring alignment with company objectives and regulatory requirements
Drive end-to-end plan operations, including eligibility, contributions, distributions, vesting schedules, plan documentation, and compliance testing – by partnering with Finance and third-party administrators to ensure flawless execution
Oversee and approve all forms of employer contributions, including core, transition, and matching contributions, ensuring accuracy and fiscal responsibility
Establish and enforce processes for diversification, segregation and distribution requests ensuring compliance with plan terms and operational excellence
Provide strategic oversight of the uncashed check process, establishing governance protocols and ensuring timely resolution and full compliance with escheatment requirements
Champion compliance with ERISA, IRS, DOL, and other regulations by maintaining retirement plan documents, driving updates and amendments, and coordinating with legal counsel and third-party administrators
Direct annual audits, government filings (e.g., Form 5500), and participant communications related to KSOP benefits, ensuring timely, accurate and transparent reporting
Develop and present detailed financial models and forecasts to inform KSOP budgeting, repurchase obligations, contribution scenarios, cash flow projections, and ESOP liabilities
Oversee reconciliations of plan contributions and distributions, ensuring accuracy of plan balances and supporting Finance in audit readiness
Lead ad-hoc strategic projects related to the KSOP plan, including planning and execution of annual “KSOP Days” events to enhance team member engagement
Provide strategic leadership in designing, implementing and evaluating all U.S. benefit plans, including medical, dental, vision, life, disability, leave of absence, and COBRA ensuring alignment with the company’s Total Rewards philosophy and long-term business objectives
Direct vendor relationships at a strategic level, setting performance expectations, conducting executive-level reviews, and driving accountability through data-driven reporting and escalation protocols
Oversee and orchestrate the annual/open enrollment processes, ensuring system readiness, communication campaigns, and seamless team member experience across all platforms
Champion compliance with ACA, HIPAA, FMLA, and other federal/state regulations by establishing governance frameworks, monitoring legislative changes, and proactively mitigating compliance risks
Lead benefits budgeting and forecasting efforts, leveraging analytics and market insights to model plan costs and inform executive decision-making
Serve as key advisor and liaison to the Benefits Committee, shaping governance practices and presenting strategic recommendations to senior leadership
Provide strategic oversight for the development and maintenance of HR Shared Service reference materials, ensuring accuracy and consistency to support efficient ticket resolutions
Drive resolution of escalated US benefits inquiries by setting service standards, guiding team members through complex life events and ensuring a high-touch, consultative experience
Lead partnerships with HR operations, payroll, and other internal stakeholders to ensure data integrity, process optimization, and seamless benefits administration across systems
Oversee the creation and governance of clear, team member-centric benefit communications and FAQs in collaboration with Internal Communications and Global Benefits Director, ensuring alignment with organizational messaging and engagement goals
Partner with the Global Benefits Director to shape and execute global benefit strategies in the U.S. and ensure seamless integrations with local operations and compliance frameworks
Provide strategic insights and leadership to optimize benefits administration processes, policies, and technologies, leveraging data and best practices to enhance efficiency and team member experience
Oversee benefits-related components of mergers and acquisitions, integrations, or vendor transitions, ensuring risk mitigation, continuity of service and alignment with organizational objectives
Qualification
Required
10+ years of progressive experience in U.S. benefits strategy and administration, including 5+ years in a leadership role with demonstrated ability to influence organizational benefits strategy and governance
Deep technical knowledge of applicable federal and state laws and regulations (ERISA, ACA, HIPAA, COBRA, FMLA, etc.), including KSOP plan forecasting, modeling, compliance testing, eligibility audits, participant diversification oversight, distribution processes, and contribution calculations. Skilled in interpreting and applying regulatory changes to plan operations
Proven track record of vendor governance, including negotiating contracts, managing performance, and driving accountability with third-party administrators
Excellent project leadership and communication skills - able to present to senior leadership, influence decision making and lead cross functional initiatives with clarity and impact
Excellent analytical skills and financial acumen, particularly in retirement and benefit plan data analysis. Ability to leverage data insights for strategic planning, continuous improvement and risk mitigation
Exceptional attention to detail and discretion with experience managing sensitive and confidential information at an enterprise level
High proficiency in Microsoft applications (Teams, SharePoint, Office applications, etc), with expert-level Excel skills for modeling and analysis
Ability to travel as required
Preferred
3+ years of experience in ESOP administration, including strategic oversight of plan operations and governance
Demonstrated experience leading non-discrimination testing and developing complex financial models for repurchase obligations, with the ability to present insights to senior leadership
Proven success in managing and influencing third-party administrators, auditors, and legal advisors at a strategic level, including contract negotiations and performance accountability
Benefits
Health and Welfare Benefits: Medical & Prescription, Dental, Vision, Health Care and Dependent Care Flexible Spending Accounts, , Health Savings Account (HSA), Group Life Insurance, optional Supplemental Life and AD&D Insurance, Wellbeing Resources including Employee Assistance Program and Family Forming Benefits (i.e., Adoption and Fertility support)
Leave Benefits: Vacation Time, Sick Time, Paid Holidays and Company Shutdown days, Short-Term Disability, Long-Term Disability, Other Leaves, Paid Parental Time and Military Leave
Retirement Benefits: 401(k) Retirement Savings and Employee Stock Ownership Plan (KSOP) offering traditional and Roth 401(k) options and an Employee Stock Ownership Plan (ESOP) component; KSOP participants can receive annual ESOP company contributions of over 11% of eligible earnings (3% Core, up to 3.5% Match, Variable Periodic).
Company
S&C Electric Company
S&C Electric Company is a leading provider of switching, protection, and control solutions for electric power systems.
1001-5000 employees
H1B Sponsorship
S&C Electric Company has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (14)
2024 (10)
2023 (12)
2022 (9)
2021 (5)
2020 (4)
Funding
Current Stage
Late StageLeadership Team
A
Anders Sjoelin
President and CEO
Aurelie Richard
Chief Financial and Strategy Officer
Recent News
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2025-08-26
EIN Presswire
2025-08-13
Company data provided by crunchbase