Director Third Party Risk Management Jobs in Riverside, CA

Company Overview

Foundation Building Materials (FBM) is a leading construction materials distribution company serving the commercial and residential construction markets across United States and Canada.  In conjunction with Unified Door & Hardware Group (UDHG), a premier provider of commercial door, frame, and hardware solutions, FBM supports a broad range of construction and architectural projects nationwide.

Together, FBM and UDHG's 8,000+ Team Members are committed to operational excellence, innovation, and employee development.  By combining scale, specialty expertise, and a customer-first mindset, we deliver high-quality products and services to contractors, builders, and project teams across diverse markets.  As the organization continues to grow and evolve following the recent acquisition by Lowe's, we are investing in strong, forward-thinking talent to support our long-term success.

Position Overview

At Foundation Building Materials (FBM), The Director of Benefits will lead the enterprise-wide benefits strategy and daily operations across the United States and Canada.  As a senior Human Resources leader, this role will be responsible for the strategic design, governance, administration, compliance, financial management, leave administration, wellness initiatives, and continuous improvement of FBM's comprehensive employee benefits program.

The ideal candidate brings deep expertise managing complex benefits programs for large multi-state employers, strong financial and analytical capabilities, exceptional vendor management experience, and the ability to influence executive leadership while delivering a best-in-class employee experience.

• Lead the strategic direction, design, implementation, and administration of enterprise-wide benefits programs for a workforce of 8,000+ employees
• Partner closely with Executive Leadership, Human Resources leadership, Finance, Payroll, Legal, Marketing, and Operations leaders to ensure benefits programs support business objectives and employee engagement
• Evaluate market trends, benchmarking data, utilization metrics, and emerging practices to ensure competitive and sustainable benefits offerings
• Provide strategic recommendations regarding plan design, cost containment, employee experience improvements, and risk mitigation
• Build and lead a high-performing benefits function focused on operational excellence, service delivery, and continuous improvement

• Oversee administration of all health and welfare programs including medical, dental, vision, prescription drug, life insurance, disability, voluntary benefits, EAP, wellness, and related programs
• Ensure accurate and timely administration of enrollments, qualifying life events, terminations, COBRA, and eligibility management
• Lead annual open enrollment planning and execution, including system configuration, communications, employee education, vendor coordination, and post-enrollment reconciliation
• Ensure seamless administration and integration of benefits programs within HRIS/HCM platforms including Dayforce and third-party systems
• Drive process standardization and automation initiatives to improve operational efficiency and employee service levels

• Develop and manage the benefits budget, forecasting processes, and long-term cost management strategies
• Analyze claims data, utilization trends, renewal projections, and vendor performance to identify opportunities for cost optimization and plan enhancements
• Partner with Human Resources leadership for annual renewal negotiations with insurance carriers, consultants, and third-party administrators
• Align with Finance and executive leadership to provide data-driven recommendations regarding benefits expenditures and program investments
• Develop executive-level reporting and dashboards that communicate program performance, utilization trends, employee engagement, and financial impact

• Serve as the primary relationship manager for all benefits vendors, brokers, consultants, carriers, third-party administrators, and wellness providers
• Establish and monitor service-level agreements (SLAs), performance metrics, and accountability standards for vendor partners
• Lead RFP processes, vendor evaluations, implementation projects, and contract negotiations
• Ensure vendor services align with organizational objectives, compliance standards, and employee experience expectations

• Ensure compliance with all applicable federal, state, provincial, and local laws and regulations governing employee benefits and leave programs
• Oversee compliance activities related to ERISA, ACA, COBRA, HIPAA, FMLA, ADA, Section 125, state leave laws, and applicable Canadian benefits requirements
• Coordinate preparation and submission of required filings and reporting including Form 5500s, nondiscrimination testing, SPDs, SARs, ACA reporting, and related documentation
• Partner with Legal, external counsel, and auditors to address regulatory changes, audits, and compliance reviews
• Maintain strong internal controls and governance processes to minimize organizational risk

• Provide strategic oversight for enterprise leave of absence and disability programs including FMLA, ADA accommodations, state-mandated leaves, paid family leave programs, and company leave policies
• Ensure consistent and compliant administration practices across all jurisdictions
• Partner with internal stakeholders and third-party administrators to improve employee experience, case management, and return-to-work processes

• Develop and execute comprehensive benefits communication and education strategies for a diverse workforce
• Ensure employees clearly understand available benefits programs, enrollment processes, and wellness resources
• Lead creation of scalable communication materials including presentations, enrollment websites, digital resources, FAQs, and educational campaigns
• Promote employee engagement through wellness initiatives, financial wellness programs, and targeted communication strategies
• Enhance the overall employee benefits experience through continuous feedback, process improvements, and service enhancements

• Lead, mentor, and develop members of the Benefits team while fostering a culture of accountability, collaboration, and customer service
• Establish performance expectations, operational metrics, and development plans for team members
• Assess organizational structure and staffing needs to support future growth and operational scalability
• Serve as a trusted advisor and subject matter expert to HR leadership and cross-functional stakeholders

• Perform other duties as assigned to support HR and corporate objectives

• Bachelor's degree in Human Resources, Business Administration, or related field required
• Master's degree or MBA preferred
• CEBS, CBP, SHRM-SCP, SPHR, or other advanced benefits or HR certification strongly preferred
• 10+ years of progressive experience in benefits administration and total rewards, including significant leadership experience supporting large, complex organizations
• Experience leading enterprise benefits programs for organizations with 5,000+ employees
• Demonstrated experience managing multi-state and/or North American benefits programs
• Strong background in benefits strategy, plan design, compliance, vendor management, and financial analysis
• Experience leading large-scale open enrollment initiatives and enterprise systems integrations
• Proven success leading and developing high-performing teams
• Deep knowledge of employee benefits regulations and compliance requirements including ERISA, ACA, COBRA, HIPAA, FMLA, ADA, and retirement plan governance
• Strong business acumen with advanced analytical and financial management skills
• Excellent project management and organizational capabilities with the ability to manage multiple priorities in a fast-paced environment
• Strong executive presence and ability to communicate effectively with senior leadership
• Exceptional interpersonal, negotiation, and vendor management skills
• Strong systems aptitude and experience with HRIS/HCM platforms such as Dayforce

• Base: $150,000 - $175,000 per year
• Bonus: 30% Target Bonus
• Total Compensation (Base + Bonus): The successful candidate could reasonably expect a Total Compensation Package in the range of $172,500 - $250,000
• Equity: This role is eligible to participate in the Lowe's Long-Term Incentive (LTI) program

• Medical, Dental and Vision plans with leading national providers
• Health Savings Account (HSA) / Flexible Spending Account (FSA)
• Company Provided Basic Life and Accident Death & Dismemberment (AD&D)
• Voluntary Life and Accidental Death & Dismemberment (AD&D)
• Critical illness, Hospital Indemnity, Accident Coverage
• Legal Insurance Plan
• Paid Time Off (PTO) & Paid Company Holidays
• 401(k) plan with generous company match

Equal Opportunity Employer

Foundation Building Materials is an Equal Opportunity Employer and is committed to providing equal employment opportunities to all individuals. We value diversity and inclusion and are dedicated to creating a workplace where all employees feel respected and empowered. All employment decisions are made without regard to race, color, religion, sex, pregnancy (including childbirth, breastfeeding, or related medical conditions), sexual orientation, gender identity or expression, national origin, age, disability status, genetic information, veteran status, or any other characteristic protected by federal, state, or local law.

In accordance with the Americans with Disabilities Act (ADA) and applicable state and local laws, we provide reasonable accommodations to qualified individuals with disabilities to help them perform the essential functions of their job. If you need assistance or an accommodation during the application process or while employed, please contact Human Resources at Talent@myfbm.com.

Posting Period

This job will be posted for at least 5 days, starting on the initial post date reflected above.