Managing Senior Counsel – Benefits & Compensation

Job not on LinkedIn

🕒 October 5

⚓ Rhode Island – Remote

⚓ Rhode Island – Remote

💵 $175.1k - $334.8k / year

⏰ Full Time

🟠 Senior

⚖️ Legal Counsel / General Counsel

👻 Ghost score 2%

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CVS Health

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1963

🏥 Healthcare

⚕️ Healthcare Insurance

🛒 Retail

Healthcare • Healthcare Insurance • Retail

CVS Health is a leading American healthcare company dedicated to improving health access and affordability. The company focuses on a comprehensive approach that includes health services, health insurance, and pharmacy benefits management. Through its subsidiaries, such as Aetna and CVS Caremark, CVS Health offers a range of services that facilitate wellness, condition management, and affordable prescription drug coverage. CVS Health operates neighborhood pharmacies, provides mail-order pharmacy services, and manages specialty medication programs, aiming to make healthcare convenient and accessible for everyone. Driven by a mission to connect people with essential care services, CVS Health is committed to fostering healthier communities and supporting the wellbeing of all individuals.

📋 Description

• Serve as a key member of the Compensation & Benefits Legal Team within CVS Health Corporate Affairs • Provide strategic, practical, and business-focused legal counsel to internal stakeholders, senior/executive management, and fiduciaries • Advise on the design, implementation, administration, governance, and regulatory compliance of health and welfare plans • Advise on ERISA, the Internal Revenue Code, ACA, HIPAA, COBRA, MHPAEA, CAA, and other applicable federal and state laws • Provide legal support for defined contribution and other retirement programs • Draft, review, and amend plan documents, summary plan descriptions, committee charters, resolutions, and participant communications • Advise plan fiduciaries on fiduciary responsibilities, prohibited transactions, governance practices, and risk mitigation • Support participant inquiries, benefit claims, appeals, and regulatory matters • Support benefit plan audits, governmental examinations, Form 5500 filings, and compliance activities • Advise on benefit plan governance structures and fiduciary committee operations • Review and negotiate benefits-related contracts • Collaborate with internal stakeholders to promote compliance and operational excellence • Provide legal counsel on executive compensation programs, including incentive programs, equity awards, nonqualified deferred compensation plans, and severance plans • Advise on employee benefits and executive compensation matters in mergers, acquisitions, and divestitures • Assist with management of the Compensation and Benefits legal team

🎯 Requirements

• Admitted to practice law in at least one state and member in good standing of applicable state bar association(s) • 10+ years of experience advising on employee benefits and executive compensation matters, including ERISA, IRC, ACA, HIPAA, COBRA and 409A • Strong drafting, negotiation, analytical, and problem-solving skills • Ability to provide legal advice using extensive knowledge of law and risk awareness • Ability to clearly communicate complex legal concepts to business stakeholders • Ability to manage multiple priorities and work effectively in a fast-paced, collaborative environment • Strong business judgment and a solution-oriented approach to legal counseling • Juris Doctor (J.D.) degree from an accredited law school • Experience supporting benefits programs for a large, complex employer • Experience advising fiduciary committees and supporting ERISA litigation, government audits, or regulatory investigations • Experience managing junior colleagues

🏖️ Benefits

• CVS Health bonus, commission or short-term incentive program • Equity award program • Medical coverage • Dental coverage • Vision coverage • Paid time off • Retirement savings options • Wellness programs • Other resources supporting physical, emotional, and financial well-being

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