Director of Compensation & Benefits   Employer: Turner Construction Job Location: New York , NY Cash Compensation: Industry Type: General Contractors - Managers Job Description: We are presently seeking a Director of Compensation and Benefits to work within our Corporate/Headquarters area. This position is responsible for overseeing the Company’s health and welfare benefits, managing the Headquarters Benefits Department and the relationships with vendors who administer the benefits, and managing/overseeing the Company’s staff compensation department including staff bonus and appreciation payment programs. Individual will provide leadership in support of all company change initiatives in the benefits and compensation areas including strategic planning, program design, communication, and implementation. This position reports to Senior Vice President, Human Resources. Essential Duties & Responsibilities: Benefit Design & Strategy • Provide leadership in the development of future design and strategy for the company’s qualified and non-qualified benefits programs. • Assess competitiveness of the existing benefits programs in light of total compensation and identify, recommend and implement benefits changes to improve their effectiveness in hiring and retaining good employees. Benefit Funding & Accounting • Develop annual H&W benefits accrual rates, employee contributions and the company-wide benefits budget. • Manage all actuarial valuation work and determine, jointly with the actuary, appropriate valuation methodologies and assumptions. • Manage the financing process (funding and expense) for the company’s defined benefit plan with the objective of reducing surplus funding and maintaining expense stability. • Ensure that all insured products and all service fees are competitively priced at all times. This may require conducting periodic RFP projects. • Conduct contract negotiations and renewals with insurance carriers. • 401(k) funding. • Monthly funds flow reconciliation for health benefit funding. Investment Management • Coordinate quarterly meetings with the Pension Administration Committee (PAC) to review the investment performance of the Company’s Defined Benefit fund managers, the 401(k) plan assets as well as other retirement plan issues as they arise. Serve as staff for that committee. • Conduct Defined benefit investment manager selection and 401(k) investment options study, when required, and make recommendations in support of the PAC. Benefit Systems • Serve as customer for systems development, WEB applications development and implementation, management of weekly feeds from payroll to numerous vendors and from vendors to the payroll system in conjunction with the technology services department. General Benefit Management • Benefit Communication: o Develop cost-effective employee benefits communication programs to increase the value of the Company’s “benefits dollar”, including face-to-face benefit presentations to employees at every operating location. • Vendor Management: o Manage vendor relations and establish a productive partnership process to enable each vendor to provide cost effective and top quality services to the company and to the plan participants. o Particular focus to be directed to the outsourced benefit administration functions for the Health & Welfare benefits and the Retirement benefits. • Statutory Compliance: o Ensure statutory compliance for all programs including 401(k) annual discrimination testing and implement corrective action, if necessary. o Ensure statutory compliance with all ERISA regulations. • Ongoing in-house Benefit Administration: o Interpretation of plan provisions, non-qualified retirement and H&W benefit administration and QDRO administration; advocacy servicing to new hires, surviving spouses and retiring employees; 401(k) death claims; employee and retiree inquiries, etc. • Other: o Identify and manage the fiduciary liability exposure arising from the company’s employee benefit programs. o Provide “final” decision/recommendation for grievance process, conflict resolution and exception requests to established policies and procedures. • Compensation: o Responsible for providing senior management with expert advice on compensation design, policies, governance, best practices and competitive intelligence. o Collaborate with business unit management and hr leadership to advise, influence and support business unit management on compensation matters. o Oversight of compensation year-end processes and related communications, liaising with HR partners and communication team to ensure efficient processes and concise messaging. o Provide expert advice, counsel and direction to senior management, supporting the company in its achievement of both short and long term strategic objectives. o Develop and implement total remuneration strategies that are creative, transparent, and drive desired results. o In conjunction with the Executive and Senior Vice Presidents of Human Resources and other members of the executive Leadership Team, establish and articulate a corporate philosophy of compensation that will support the company's total rewards strategy and guide decision making for compensation and benefit programs. o Oversee the design, development and implementation of compensation solutions. Qualifications: • Minimum 10 years benefits experience in benefits and compensation. • Bachelor’s Degree required; advanced degree a plus. • Experience should include design, administration and benefits management. • Experience in all benefits areas including health and welfare, defined contribution and defined benefit retirement plans, 401(k) and other common benefit programs. • Proven experience in regulatory compliance for a multi-state employer with complex benefits plans resulting from mergers and acquisitions. • Project management experience with demonstrated problem solving skills researching and implementing local, state and federal health and welfare regulations in a multi-state environment. • Broad familiarity with benefits providers and insurance industry. • Knowledge of ERISA, Internal Revenue Code, FMLA, HIPAA and COBRA regulations. • Strong client focus with outstanding judgment plus critical and innovative thinking • Self-starter with strong project management skills and ability to handle multiple competing priorities. • Strong attention to detail with excellent prioritization skills. Company Description: Turner is the leading general builder in the U.S., ranking first or second in the major segments of the building construction field. During 2003, Turner completed $6.1 billion of construction. Turner is the only builder offering clients a network of 46 offices across the U.S. Founded in 1902, the firm was acquired in 1999 by HOCHTIEF, one of the worlds leading international construction companies. Turner Construction Company is recognized as the leading general builder in the U.S., ranking first or second in major segments of the building construction field. The company’s 5,500 employees perform work on over 1,500 projects each year. According to the Engineering News-Record’s 2007 Top 400 Contractors Sourcebook, Turner is the leading builder in the healthcare, education, correctional facilities and commercial office market and second in sports. The firm was a “Top 10” player in multi-unit residential, airports, auto plants, entertainment, pharmaceutical, hotels, motels and convention centers, telecommunications, religious and cultural, government and industrial processing facilities. Turner has a network of 46 local offices in the U. S. and a presence in 20 countries. Turner also operates a number of national segment groups, which focus on a particular building type, to complement the firm’s geographical network of offices. These include Green Building, Healthcare, Justice, Pharmaceutical and Biotechnology, Public Assembly, Sports, Transportation and Aviation. Turner also offers several value-added services. These include Turner Logistics, dedicated to supply chain management, Facility Management Solutions (FMS), designed to minimize operating costs by providing broad range of facility support services to Turner clients and Turner Casualty & Surety (TCS), which provides proactive safety and loss control programs and an operationally integrated risk management approach. Turner has completed 90 United States Green Building Council (USGBC) LEED Certified projects and has completed or is currently working on more than 130 additional projects that are registered with the USGBC. Turner has completed or has under contract more than 300 projects with Green building elements.