**Career Area:** Human Resources **Job Description:** **Your Work Shapes the World at Caterpillar Inc.** When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it. Role Definition: Provides Total Rewards consultancy services to internal customers in support of benefit and total health & wellbeing programs, compensation management, employee relocation & expatriate management and retirement programs. The role acts as the functional expert in one or more Total Rewards disciplines, manages complex analysis and research, leads the development and delivery of communication material, works with internal partners, and manages external vendors The role manages and leads projects and solves complex Total Reward challenges. Responsibilities + Acts as functional expert and leads external market research and analyses to understand Total Rewards trends and ensure programs are market competitive and support business and talent objectives. + Performs complex qualitative and quantitative research on total rewards related programs to support business and talent challenges. + Leads complex Total Rewards related projects, interacting with consultants and internal partners. + Manages external vendors, ensuring delivery of service and operational metrics. + Ensures compliance of Total Rewards programs and policies and manages employee data in line with company policies. Degree Requirement: Degree or equivalent experience desired Skill Descriptors Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems. + Level Working Knowledge: + Approaches a situation or problem by defining the problem or issue and determining its significance. + Makes a systematic comparison of two or more alternative solutions. + Uses flow charts, Pareto charts, fish diagrams, etc. to disclose meaningful data patterns. + Identifies the major forces, events and people impacting and impacted by the situation at hand. + Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions. Influencing: Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization. + Level Working Knowledge: + Develops basic persuasive arguments. + Discusses organizational culture around providing input on decisions. + Uses active listening skills and probing techniques to surface opportunities to influence. + Identifies who the decision makers are and how they receive information. + Regularly presents ideas or suggestions to associates in persuasive terms. Interpersonal Relationships: Knowledge of the techniques and the ability to work with a variety of individuals and groups in a constructive and collaborative manner. + Level Working Knowledge: + Explains impact of interactions with individuals and groups. + Identifies roles and responsibilities for self and others. + Demonstrates an understanding of alternative points of view. + Collaborates with departmental associates and management. + Adapts interaction style to situations and people. Benefits Programs: Knowledge of employee benefits programs, processes, issues and considerations; ability to design and implement benefits programs. + Level Extensive Experience: + Evaluates and improves benefits programs within budgetary constraints. + Plans, implements and administers various employee benefits programs. + Reviews benefits reports and analyzes financial aspects of recommended alternatives. + Resolves employee labor issues and problems regarding benefits programs. + Creates educational and communications materials for new or enhanced benefits. + Chooses and audits vendors of outsourced benefits programs. Compensation Management: Knowledge of compensation structure, and regulations and policies related to compensation; ability to design, implement and evaluate compensation programs, policies and processes within an organization. + Level Working Knowledge: + Implements compensation packages for an organization's employees. + Coordinates compensation activities with HR and business staff. + Adheres to government and industry compensation regulations. + Conducts job analysis and salary survey activities within the department. + Assists in developing various compensation programs within an organization. Retirement Programs: Knowledge of features, policies and processes of retirement programs; ability to implement and manage employee retirement programs and plans. + Level Extensive Experience: + Interprets key interfaces and inter-dependencies among retirement and other benefits programs. + Participates in the design of retirement benefits programs. + Monitors the legal and regulatory environment for all major programs. + Consults on various types of retirement programs. + Recommends the best solutions of retirement programs within a given geographical area. + Evaluates similarities and differences between types of retirement benefits, and the effectiveness of programs. Caterpillar is looking to add a skilled Senior Total Rewards Partner to our team. Your role within this team will be to manage the relationship with Caterpillar’s global captive consultant, global benefits broker, and several other global insurers to ensure benefit program policy renewals are completed in a timely manner, and compliant with each country’s laws and regulations. Additionally, you will gather and analyze global Total Rewards trends & benchmarking information that will be used to ensure regional programs are market competitive & support business and talent objectives. **What you will do:** + Maintains a project plan to track and execute timely insurance policy renewals in each region and country. + Reviews and discusses policy terms & conditions with the captive risk manager and captive consultant underwriting teams. + Leads all policy renewal discussions between local and regional teams, the captive consultant, and benefit brokers. + Routes all captive policy renewals for final approval & execution. + Leads weekly calls with the captive consultant and the global benefits broker. + Investigates and resolves escalated issues from internal business partners, the captive consultant, or global benefit brokers. + Create side-by-side policy comparisons for consideration by business leaders when multiple design choices are available. + Analyze aggregated claims information to identify opportunities to improve benefits strategy or initiatives. + Conduct periodic meetings with regional benefit leaders and teams to review captive program deliverables, assess satisfaction with vendors, processes, and policies. **What You Have:** + Preferred 3+ years of experience managing employer global captive benefit insurance processes in multiple countries. + Preferred 3+ years of experience managing the employer relationship and vendor performance of a global benefit broker. + Good presentation and public speaking skills. Ability to effectively transmit, receive, and accurately interpret ideas. + Experience reviewing and negotiating vendor contracts and performance guarantees. + Experience creating compelling business cases to support benefit design recommendations. + Problem solving skills with examples of successful and innovative ideas. + Experience leading implementation of benefit programs and initiatives. + Advanced user of Microsoft Word, PowerPoint, Excel, Outlook, Teams + Innovative and analytical thinker. **Additional Info:** + Location: Peoria, IL, United States OR any Global Caterpillar Hub + Travel: Less than 10% **About Caterpillar** Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. **Posting Dates:** June 25, 2024 - July 9, 2024 Any offer of employment is conditioned upon the successful completion of a drug screen. EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply. Not ready to apply? Join our Talent Community (http://flows.beamery.com/caterpillarinc/talcom) . There’s more to work at Caterpillar than just the work itself. We hire smart, friendly people and it shows in our culture. We hold ourselves to high standards and make sure our values of integrity, excellence, teamwork, commitment and sustainability come to life in the way we work. We make sure our employees feel continuously challenged while also supported. We provide professional growth opportunities, including leadership programs. We celebrate the diversity of our team, while also working together as one Caterpillar. Our culture, like everything at our company, is made possible by each employee’s contribution. Person by person, we create the environment we work in, and we are proud of the Caterpillar we’ve built.