Managing Senior Counsel – Benefits & Compensation

This is a fully remote position, open to applicants in Rhode Island.

📋 Description

• Act as a vital member of the Compensation & Benefits Legal Team within CVS Health Corporate Affairs.

• Deliver strategic, practical, and business-oriented legal advice to internal stakeholders, senior/executive management, and fiduciaries.

• Counsel on the design, implementation, administration, governance, and regulatory compliance of health and welfare plans.

• Provide guidance on ERISA, the Internal Revenue Code, ACA, HIPAA, COBRA, MHPAEA, CAA, and other relevant federal and state laws.

• Offer legal support for defined contribution and various retirement programs.

• Draft, review, and modify plan documents, summary plan descriptions, committee charters, resolutions, and participant communications.

• Advise plan fiduciaries on their responsibilities, prohibited transactions, governance practices, and risk mitigation strategies.

• Assist with participant inquiries, benefit claims, appeals, and regulatory issues.

• Support benefit plan audits, governmental examinations, Form 5500 filings, and compliance activities.

• Provide advice on benefit plan governance frameworks and fiduciary committee operations.

• Review and negotiate contracts related to benefits.

• Work collaboratively with internal stakeholders to foster compliance and operational excellence.

• Offer legal counsel on executive compensation programs, including incentive programs, equity awards, nonqualified deferred compensation plans, and severance packages.

• Provide guidance on employee benefits and executive compensation issues in mergers, acquisitions, and divestitures.

• Assist in overseeing the Compensation and Benefits legal team.

⛳️ Requirements

• Must be admitted to practice law in at least one state and be a member in good standing of the relevant state bar association(s).

• Minimum of 10 years of experience advising on employee benefits and executive compensation issues, including ERISA, IRC, ACA, HIPAA, COBRA, and 409A.

• Excellent drafting, negotiation, analytical, and problem-solving abilities.

• Capacity to provide legal advice based on a comprehensive understanding of law and risk awareness.

• Ability to articulate complex legal concepts clearly to business stakeholders.

• Proficient in managing multiple priorities while working effectively in a fast-paced, collaborative environment.

• Strong business acumen and a solution-focused approach to legal counseling.

• Juris Doctor (J.D.) degree from an accredited law school.

• Experience in supporting benefits programs for a large, complex employer.

• Familiarity with advising fiduciary committees and assisting in ERISA litigation, government audits, or regulatory investigations.

• Experience in 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.

• Additional resources supporting physical, emotional, and financial well-being.