HR Manager - Benefits - BFSI/BPO/KPO/FMCG

We have an opening with a leading MNC with global presence in 100+ countries.

Work Location : Mumbai, Lower Parel

Experience : 5-10 yrs, with minimum 2-3 yrs into C&B.

The following will be the responsibilities of the desired candidate :

- Coordinating retirement, pension, profit-sharing and stock ownership plans

- Researching and analyzing healthcare plans, including medical, dental, vision and disability insurance

- Evaluate Benefit processes and policies to ensure they are current, competitive and in compliance with legal and local rules and regulations.

- Designing a comprehensive benefits package to meet the needs of a changing workforce

- Evaluating the costs and benefits of wellness programs, life and long-term care insurance, and employee assistance programs

- Planning employee communication to spread awareness on Benefits

- Support in designing benefit structures in line with local practices, handling compensation surveys and benchmarking on a global scale.

- Manage service agreements with established providers/consulting companies (pension actuaries, insurance companies, health care providers etc.) and ensures costs are correctly reviewed and controlled in line with the contractual terms.

- Resolve issues related to benefits and independently make appropriate recommendations to Compensation lead, wherever required.

- Building and maintaining relationships with health and retirement plan providers

- Vendor identification and negotiations

- Reviewing vendor invoices, resolving disputes, and reporting on fees and costs

- Maintain benefit related information in database according to established procedures.

- Updates and maintains benefits related procedures as necessary

- Monitor benefits to ensure that they are cost effective and support employee needs

- Act as single point of contact for queries/questions regarding benefit eligibility, amounts of coverage, and claims procedures

- Assist the lead in creating the policy and framework for the compensation structure and benefits

- Assist the Team Lead in end to end planning and execution of C & B budgets.