Assistant Vice President, Benefits - Los Angeles, United States - Oaktree Capital Management, L.P.

Oaktree Capital Management, L.P.

Verified Company

Los Angeles, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with $192 billion in assets under management as of March 31, 2024.

The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

The firm has over 1,200 employees and offices in 22 cities worldwide.

We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought.

Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.

Responsibilities:

This position is responsible for the strategy and execution of U.S.

benefits at Oaktree, ensuring competitive and comprehensive benefits packages that meet regulations, fit employee needs and align with the organization's objectives and values.

Oversee the U.S. benefits strategy by designing and administering healthcare, wellness, and retirement offerings that attract, engage and retain our employees.
Stay uptodate and ensure compliance with federal, state, and local legal requirements
Manage relationships with benefit vendors (i.e. brokers, insurance carriers, recordkeepers), trustees and other administrative service providers. Lead contract negotiations to ensure the benefits strategy aligns with overall companywide strategic goals.
Develop and implement a comprehensive communication and onboarding strategy for all benefit and wellness programs. Create and/or maintain benefit policies, procedures, and program material and ensure information is uptodate.
Own the U.S. benefits budget. Monitor and operate within the parameters of the approved US health and welfare budget with respect to daily operations, seeking approval for escalated expense and initiatives.
Lead and support the Benefits Manager in daily operations including enrollments, delivery of benefits materials and orientation, ongoing audits and troubleshooting
Serve as escalation point in responding to daily benefits questions and claims issues
Collaborate with the Workday Technical team to ensure effective and efficient integrations U.S. health and welfare vendors
Oversee the wellness program plan design and initiatives
Oversee the annual 401(k) audit, nondiscrimination testing, and completion of all applicable tax filings
Support firmwide Diversity & Inclusion efforts by ensuring equitable offerings and partnering closely with Head of D&I on annual reporting
Analyze processes to ensure efficiency; make suggestions for improvements
Collaborate with EMEA and APAC benefits teams to support a global strategy

Qualifications:

Minimum seven years' experience in Human Resources, with experience in Benefits and preferably within a financial services firm;
Excellent interpersonal, verbal and written communication skills;
Proven ability to manage tasks with competing priorities and deadlines, independently determining order of priority and selfinitiating other valueadded tasks.
Must be able to handle highly confidential information and situations with professionalism and tact.

Personal Attributes

Strategic thinker able to effectively articulate a vision and drive execution.
High level of conceptual understanding; able to connect the dots and determine impact
High attention to detail and analytical in nature; able to identify trends or discrepancies and hypothesize root cause
Possess a willingness to help with outstanding customer service skills;
Selfstarter with a proven ability to take initiative;
An effective and collaborative leader
Responsible with a strong work ethic and sense of dedication;
Works well under pressure and with time constraints;
Teamoriented with strong integrity and professionalism; and

Education

Bachelor's degree is required.

Base Salary Range

$130,000 - $150,000

In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a

comprehensive benefits package

and a flexible work arrangement.

The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable fe