Manager - Employee Benefits - BFSI/IT/BPO

Report to Associate Director

Experience : 8-10 yrs

Education : Tier 1

Location : Bangalore/ Flexibility to come to Bangalore

Here is the detail about the job role:

- Responsible for benefits provided to all company employees.

- Understanding of various benefits programs in market, review various benefits, Latest trends, Cost benefit analysis, Research regarding benefits , benefits design and implementation, dealt with larger scale managing benefits

- Work closely with Senior stakeholders, seasoned person - who is able to have leadership conversation. Working with HR leadership, s/he may manage aspects of acquisitions and engagements. In addition, s/he manages various health and welfare projects.

- Build short- and long-term benefit strategy and ensure that the benefits programs are market competitive and are linked to company's total rewards strategy.

- Explore introducing newer benefits/revamping current benefits which strengthens company's competitiveness in the benefits space.

- Monitor current benefit programs to ensure compliance with applicable laws, standards, and ensure that programs are fully integrated with statutory programs.

- Manage the annual update of benefits information and draft summaries for leadership when necessary.

- Develop and maintain a network of benefit contacts in the industry.

- Manage other health & welfare and benefits projects, as necessary (e.g., analysis of coverage data for outsourcing or merger/acquisitions, senior executive new program design, work from home projects etc.).

- Identify and lead the participation in market surveys.

- Should have experience in team management and Vendor Management

Specialty: Total Rewards Management

Key Relationships : Finance, Tax, Legal, HR, Risk Management, Asset Protection, Procurement, HR Service Providers as appropriate Consultants, Insurance Companies, Brokers, Other benefit vendors, Industry Networks

Qualifications and Experience

Education - Postgraduate Degree and/or equivalent from a reputed institute

Work Experience - 8 to 10 Years related work experience

Work Requirements

Key Competencies

- Knowledge of statutory benefits and retirement programs

- Strong knowledge on insurance workings

- Knowledge of basic health and welfare programs medical, life, disability, wellness, time off, etc.

- Ability to manage large scale programs and work with different stakeholders

- Ability to handle highly sensitive situations

- Ability to present & sell business cases to senior leadership

- Accounting/financial analysis skills

- Influencing/interpersonal skills

- Facilitation/coaching skills

- Team management/leadership skills

- Project management skills