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MARK BSALES
377 Essex Avenue 973-680-9768 Home
Bloomfield, NJ 07003 nmbsales@comcast.net 973-997-0113 Mobile
Proven manager with expertise in financial analysis, development of processes and procedures, and project management. M.B.A. in finance. Strengths include:
• Managing vendors / carriers • Leading staff
• Controlling costs • Developing / designing plans
PROFESSIONAL EXPERIENCE
Deloitte & Touche USA LLP, New York, NY
Manager, Benefits (Contract assignment) 10/07- 2/08
Responsible for leadership assistance in the overall planning, designing, implementing, and evaluating all of Deloitte’s H&W benefit programs in accordance with the organization’s business and Human Resource strategies.
• Developed 4 year financial look-back of costs for Deloitte H&W benefit plans
• Participated in the development of guiding principals for benefits redesign project, including: plan cost review, analysis of self-funded medical plan performance and competitive benchmarking of plans
• Coordinated internal/external consultants and vendors to achieve project goals
• Reviewed and recommended changes to new and/or amended contract language
Quest Diagnostics, Lyndhurst, NJ
Manager, Medical & Life Plans (Contract assignment) 7/07- 10/08
Led the installation of a new carrier for the firm’s Healthcare Reimbursement Account (HRA). Delivered plan change on time for rollout of open enrollment
• Developed plan specifications and interfaced with HRIS and external enrollment vendor to ensure accurate plan installations
• Updated Summary Plan Descriptions and implemented bank funding agreements.
NEW YORK UNIVERSITY, New York, NY
Manager of Health & Welfare Plans 6/05 – 7/07
Direct the implementation of Health & Welfare plan initiatives and delivery of high-level customer service of NYU benefit plans to 6,500+ university employees and retirees, with a staff of 12. Ensure compliance with legal requirements, file 5500’s and update summary plan descriptions. Identify technological resources & adaptations needed for efficient delivery of services.
• Coordinated the implementation of a customer service call tracking system, designed to deliver improved service and track the resolution of customer inquires through successful completion.
• Managed the work of Benefit Dept. “Subject Matter Experts” during the conversion of the HRIS platform from Integral to PeopleSoft.
• Successfully led the Open Enrollment process for University plan participants including execution of print materials, website updates, data test and downloads to vendors.
• Effectively transitioned an accounting/finance team into the Benefits Office from the Controller’s Dept., to more effectively perform financial roles.
• Directed the budgetary review process / fiscal close for benefits budget in excess of $110 million. Streamlined and improved the financial control procedures for the benefit programs.
UBS WEALTH MANAGEMENT USA, (formerly PaineWebber) Weehawken, NJ
Manager of Health & Welfare Plans 1/00 – 6/05
Managed financial reporting and HRIS controls, including systems support and user acceptance testing for all Health & Welfare plans. Led all aspects of H&W planning and design, including compliance and vendor management for plans costing $180+ million annually. Managed contract renewals and reviewed RFIs and RFPs when marketing programs for bid.
• Successfully integrated 1,800 employees into the firm’s benefit plans as a result of a firm merger. Integration included extensive employee communication efforts, HRIS platform changes, vendor negotiations and benefit plan closings.
• Led a team of benefit professionals through the development and implementation of a strategy to introduce more price transparency and consumerism into the medical plan, as a result, achieved savings of about $12 million in 2004 alone.
• As Privacy Officer for the firm, assumed a lead role in ensuring plan compliance with HIPAA, ERISA, SOX, state and federal regulations. Initiative included rollout of online training of HR personnel.
• In support of diversity initiatives, implemented new plan features such as: Backup Child Care, Maternity Leave, Adoption Assistance and Domestic Partner Medical Coverage.
Manager of Benefit Finance and Controls 6/93 – 1/00
Provided financial analysis and reporting to support benefit plan design initiatives and carrier selection. Acted as Subject Matter Expert in interacting with HRIS Department.
• Appointed as liaison to HRIS Division (HRIS). Developed specifications and oversaw implementation of HRIS programming for all benefit plans including Medical, Dental, Life plans. Additionally, coordinated installation of programming for the conversion of the pension plan from a Defined Benefit to Defined Contribution plan.
• Achieved larger-than-expected savings in 1999 rate negotiations with managed care providers, enabling the company to extend benefit offerings to include a dental plan.
• Contributed to successfully introducing and rolling out standardized point of service (POS) and dental plans nationwide.
• Participated in the transfer of the firm’s 401(k) plan funds to a new trustee, supporting key business initiatives and allowing the plan to upgrade to daily valuation. .
Senior Financial Analyst / HR Finance Division 4/91 – 6/93
Performed all aspects of financial analysis of the HR Division, including monthly review of division’s P&L, annual budgeting process and examination of balance sheet accounts as related to benefit plan accounts.
LIZ CLAIBORNE, Secaucus, NJ 7/90 – 3/91
Credit Analyst
CLINTON CAPITAL CORPORATION, New York, NY 10/88 – 7/90
Loan Originator / Credit Analyst
DUN & BRADSTREET, Credit Clearinghouse, Murray Hill, NJ 1/86 – 10/88
Senior Industry Consultant / Credit Analyst
EDUCATION
M.B.A., Finance, SETON HALL UNIVERSITY, 1993
B.S., Business Administration, Concentration in Finance, MONTCLAIR STATE UNIVERSITY, 1986 |