Benefits and Compensation Manager
Resume:
William T. Shea, CEBS, MBA
Cherry Valley, MA 01611
************@*******.***
PROFESSIONAL SUMMARY
A Benefits and Compensation Manager with over eight years of experience in benefits plan
management, administration, and design. An experienced Six Sigma Expert who has developed and
implemented efficient HR practices.
CAREER EXPERIENCE
College of the Holy Cross, Worcester MA November 2012 - Present
Associate Director of Human Resources/Benefits and Compensation
• Directed the College’s benefit and leave programs for over 1,400 employees, including pension,
403(b), 457(b), health/dental, disability, FMLA, life insurance, workers’ compensation, tuition
assistance, and unemployment.
• Introduced two high deductible healthcare options in 2014, which lowered fringe and increased
awareness in Wellness programs.
• Facilitated response to a six-month Department of Labor Investigation regarding pension plan,
resulting in a positive outcome.
• Coordinated the bid and implementation of a Master Administrator vendor for the College’s
403(b) Plan, generating a paperless process and cutting administration time by 50%.
• Initiated process improvements with senior health plan insurers by implementing a direct
billing strategy, which reduced administration of the plans by 90%.
• Managed the College’s Exempt and Non-Exempt compensation programs and drafted a
Compensation Policy to sustain market alignment and internal equity.
• Reviewed Best Practices at other institutions regarding Human Resources Policies and
Procedures and assisted in the design of a timekeeping policy to ensure compliance with the
Affordable Care Act.
• Designed and implemented merit increase and market adjustment system in PeopleSoft
program with HRIS manager.
Raytheon Company, Waltham, MA September, 2009 - November, 2012
Senior Benefits Analyst/Six Sigma Expert, Retirement Plans
• Oversaw vendor’s staff of benefit analysts and administered company’s eleven qualified and
non-qualified pension plans.
• Developed and presented fringe study for senior management, which compared company
benefits and costs per employee over a seven-year period.
• Lead Six Sigma project, which delivered company protocols to curtail non-eligible participants
from receiving disability pensions, reducing liabilities for two of the company’s largest defined
benefit plans by over two million dollars.
• Completed and audited complex manual defined benefit calculations for company executives in
the Supplemental Executive Retirement Plan (SERP) for proxy disclosures and retirement.
• Assisted legal department in drafting pension plan amendments for qualified and non-qualified
plans, according to IRC Section 409A and PPA.
• Reviewed and edited communications to former and current pension plan participants and
updated twenty-four Summary Plan Descriptions to reflect plan amendments.
• Arranged and facilitated monthly Benefit Appeals Committee meetings and served as the
executive contact for benefit disputes and appeals.
• Reviewed technical pension components of union contracts and provided input and advice to
corporate labor relations department.
Fidelity Investments, Marlborough, MA December, 2006 - September, 2009
Pension Analyst/Project Manager
• Served as a Subject Matter Expert in complex manual pension calculations, including SERP’s,
QDRO’s, and multiple transfers, for Fortune 100 client.
• Maintained a production level of 150% while completing an average of 200 manual defined
benefit calculations per month.
American Fiduciary Corporation, Needham, MA June, 2006 -
December, 2006
Pension Analyst
• Served as a liaison in a customer service role between clients and investment firms to ensure
the accuracy of quarterly, semi-annual, and annual benefit statements.
Athol High School, Athol, MA August, 2001 - June, 2006
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Business/Math Teacher, Grades 9-12
• Prepared and facilitated lessons in algebra, statistics, geometry, business management, and
business law.
EDUCATION
The Wharton School of the University of Pennsylvania
Certified Employee Benefit Specialist (CEBS) Certificate
Compensation Management Specialist (CMS) Certificate
Fitchburg State University, Fitchburg, MA
Master of Business Administration, Management
Fitchburg State University, Fitchburg, MA
B.S., Economics
AFFILIATIONS
Member, International Society of Certified Employee Benefit Specialists
Member, Independent Schools Compensation Corporation
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