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Capital One

Principal Associate, Benefits Plan Program Management

Capital One
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senior full-time $109,900 - $137,900 Richmond, VA, VA

First indexed 25 Oct 2026

Description

The Principal Associate, Benefits Plan Program Management plays a critical role in ensuring the seamless delivery, administration, and continuous improvement of the organisation's Health & Wellness and voluntary benefit programs.

Key Responsibilities

1. Vendor Management & Governance

  • Manage a portfolio of vendors, including on-site clinics, dental, vision, mental health, education, family support, and commuter benefits.
  • Develop trust-based relationships with vendors and cross-functional partners to drive work forward.
  • Monitor vendor adherence to Service Level Agreements (SLAs) and performance guarantees (PGs).
  • Partner with Enterprise Supplier Management (ESM) to execute vendor management tasks.
  • Create analytics to leverage data and recommend plan or program improvements.

2. Operations & Program Administration

  • Resolve complex issues and track items with vendors.
  • Manage annual program implementation changes with vendors.
  • Handle administrative tasks related to assigned plans.
  • Maintain internal intranet pages for benefit program information.

3. Associate Experience

  • Own complex employee escalations for assigned plans.
  • Understand associate experience to recommend and execute improvements.
  • Oversee the monthly benefits and wellbeing newsletter.
  • Leverage data to support key messages and partner with HR Communications.

4. Strategic Initiatives & Growth

  • Support Request for Proposals (RFPs) and Request for Information (RFIs) for new or expiring benefit programs.
  • Handle program implementation changes with vendors.
  • Stay current on benefits products, industry innovations, and regulatory changes.

5. Documentation

  • Author and maintain standard operating procedures (SOPs) for vendor management and escalation workflows.

Basic Qualifications

  • Bachelor's Degree or military experience.
  • 3+ years of experience working with H&W employee benefit plan vendor management.

Preferred Qualifications

  • MBA or Master's Degree.
  • Certified Employee Benefit Specialist (CEBS) or Certified Benefits Professional (CBP) designation.
  • 4 years of experience in H&W employee benefits for organisations with 10,000+ employees.
  • 5 years of experience with benefits vendor management.

Salary Information

  • McLean, VA: $120,800 - $137,900 per year.
  • Richmond, VA: $109,900 - $125,400 per year.
This listing is enriched and indexed by YubHub. To apply, use the employer's original posting: https://capitalone.wd12.myworkdayjobs.com/en-US/Capital_One/job/Richmond-VA/Principal-Associate--Benefits-Plan-Program-Management_R1000476-1