Lead Benefits Consultant - Healthcare Strategy

The pay range is $95,000.00 - $171,000.00 Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits . About us: Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here . Target Human Resources is well known for its signature ability to build the very best teams, and we infuse our work with Target’s distinctive retail brand by continuously experimenting, evolving and innovating. With the chance to positively impact nearly 400,000 people worldwide in our stores, distribution centers and headquarters, you will be a strategic partner to both the leaders and team members who elevate and nurture the Target guest experience. Working within Total Rewards & Shared Services you will provide expertise and support to ensure that Target continues to provide competitive compensation and benefit offerings as part of our strategic vision to attract and retain top talent through industry-leading, inclusive, differentiated total rewards package designed to meet the unique needs of our team members, while fueling Target’s performance. As the Lead Benefits Consultant, Healthcare Strategy , you will play a key role in developing and executing innovative healthcare strategies that improve affordability, quality, health outcomes, and the team member experience across Target's health benefits portfolio. Serving as a strategic partner with expertise across healthcare and pharmacy benefits, you will identify opportunities to manage healthcare costs, improve program effectiveness, and advance integrated medical and pharmacy strategies through data-driven insights, market intelligence, and strategic partnerships. In this role, you will lead healthcare initiatives, evaluate emerging solutions, develop financial and strategic recommendations, and collaborate with internal and external partners to drive meaningful improvements in healthcare delivery and benefits performance. Key areas of focus include healthcare cost and trend management, pharmacy and specialty drug strategies, clinical program innovation, and vendor performance. This position plays an important role in advancing Target's healthcare strategy by balancing financial sustainability with innovative solutions that deliver meaningful value and better healthcare experiences for team members. Core Responsibilities • Lead healthcare strategy initiatives focused on managing total cost of care, improving health outcomes, and enhancing the team member experience across medical and pharmacy benefits. • Evaluate healthcare cost drivers, utilization trends, benefit design, clinical programs, and emerging care models to identify opportunities for improved affordability, quality, and performance. • Advance integrated medical and pharmacy strategies, including opportunities related to specialty medications, clinical management, and coordination across healthcare vendors and programs. • Manage and enhance healthcare programs and strategic initiatives, ensuring alignment with financial, operational, clinical, and team member experience objectives. • Develop business cases, financial models, and return on investment (ROI) analyses to evaluate strategic opportunities, quantify value, and support informed decision-making. • Partner in healthcare financial planning, forecasting, and trend management to improve cost predictability and long-term financial sustainability. • Support healthcare vendor strategy, selection, RFP processes, and contract negotiations in partnership with Procurement and Legal, with a focus on financial value, service quality, and performance outcomes. • Analyze medical and pharmacy claims data, utilization patterns, and emerging healthcare risks to identify key cost drivers, performance gaps, and actionable opportunities. • Monitor healthcare industry trends, regulatory developments, and evolving market practices to inform strategic priorities and identify opportunities for innovation. Establish performance measures and reporting frameworks to evaluate healthcare program effectiveness, vendor performance, financial outcomes, and team member impact. • Translate complex healthcare and pharmacy data, market dynamics, and strategic opportunities into clear, actionable recommendations for cross-functional partners and senior leadership. Core responsibilities of this job are described within the job description. Job duties may change at any time due to business need. About You • 5+ years of experience in employer-sponsored healthcare, including exposure to medical and/or pharmacy benefits. • Experience supporting healthcare vendor strategy, contract negotiations, and performance management across medical, pharmacy, or other health benefits. • Understanding of healthcare cost drivers, benefit design, care delivery models, pharmacy trends, and strategies to improve healthcare affordability and outcomes. • Foundational financial acumen and experience developing financial models, business cases, and return on investment (ROI) analyses. • Experience supporting healthcare strategy initiatives, innovative solutions, pilot programs, or continuous improvement efforts.