[Remote] U.S. Financial Benefits Program Manager

Note: The job is a remote job and is open to candidates in USA. Lam Research is currently hiring for the position of U.S. Financial Benefits Program Manager as part of their Global Benefits team. This role is responsible for managing and administering U.S. retirement plans, vendor partner relationships, and improving operational solutions to enhance employee engagement with benefit programs, with a strong emphasis on compliance.

Responsibilities

• Manage day-to-day operations for U.S. Retirement Benefit Programs, including 401(k), Deferred Comp, Employee Stock Purchase, and Retiree Health within multiple systems
• Actively manage vendor partners
• Oversee funding and reconciliation between payroll systems and recordkeepers
• Act as an intermediary for file feed support and escalations
• Provide training and guidance to the help desk; respond to Tier 2 inquiries
• Conduct regular audits and identify issues and opportunities for streamlined processes and enhanced education
• Manage all aspects of compliance, including overseeing the annual 401(k) audit, non-discrimination testing, SOC 1 reporting, and 5500s
• Keep up to date on DOL and IRS regulatory compliance and execute annual required notices
• Organize quarterly 401(k) committee meetings, including preparing the agenda, gathering materials, actively updating the committee, and taking minutes
• Provide ongoing support for the employee stock purchase program, as well as communication support for Open Enrollment
• Draft and implement effective employee communications, benefit collateral, and educational presentations
• Manage Open Enrollment for retiree health and welfare benefits
• Manage ongoing vendor relationships, including program analysis and strategic recommendations
• Act as project manager for major benefit projects (i.e., program and system implementations and upgrades)
• Identify opportunities to improve existing and sustainable processes to enhance the employee and administrative experience
• Establish strong cross-functional partnerships with HR Shared Services, HRBPs, Legal, Payroll, and Finance

Skills

• Bachelor's degree in Human Resources, Business, or a related field, or equivalent experience/training, with a minimum of 12+ years of related experience; or 8 years with a master's degree; or a PhD with 5 years of experience
• 12+ years of relevant benefits experience; global benefits experience (especially in Asia) is a big plus
• Strong program and vendor management experience
• Experience with project management and cross-functional work
• Strong and current knowledge of the regulatory landscape, including ERISA, 409A, IRS, and other federal and state employment laws
• Extensive advanced experience with Microsoft Excel, PowerPoint, and Word
• Proficiency with HRIS and understanding of payroll concepts
• Proficiency with AI tools
• Strong negotiation skills; can reach appropriate resolution in many varied situations

Benefits

• Lam offers a variety of work location models based on the needs of each role. Our hybrid roles combine the benefits of on-site collaboration with colleagues and the flexibility to work remotely and fall into two categories – On-site Flex and Virtual Flex. ‘On-site Flex’ you’ll work 3+ days per week on-site at a Lam or customer/supplier location, with the opportunity to work remotely for the balance of the week. ‘Virtual Flex’ you’ll work 1-2 days per week on-site at a Lam or customer/supplier location, and remotely the rest of the time.

Company Overview

Company H1B Sponsorship