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.

• 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.

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

• 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

• 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.

• 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,…