Reward Analyst - Benefits

Location

Bangalore | India

Job description

• This Total Reward team is a global function within the HR team and has a small, shared service team based in India which the role will be part of

• The team is responsible for providing a consistently great customer experience and making sure services are delivered optimally meeting all policy and compliance requirements
• The Shared Services Team also includes responsibility for improvement - how can systems, processes and data be optimized to make the service even better and take a pro-active approach to lead not just respond to the wider team and business requirements
• The role will sit in the team with primarily benefits focus but there may be some compensation work also involved

Responsibilities

Benefits Activities:

• Support in monthly pension administration activities for several schemes.
• Support in benefits renewal processes, liaising with brokers and ensuring company objectives are met.
• Administer and maintain employee benefits records, ensuring accuracy and completeness.
• Administer enrolment processes, changes, and terminations in benefits programs ensuring adherence to procedures.
• Process and reconcile benefits-related invoices, ensuring timely payment to vendors.
• Analyse data and provide leadership with regular reports to track benefits program utilization, costs, and effectiveness and identify trends and recommend improvements.
• Support in providing training materials and communications to educate employees about benefits programs and policy changes.
• Support in implementing new process improvements to enhance administration efficiency and work with HR systems and IT to scope and deliver automation where possible.
• Ensure compliance with data protection requirements.

Compensation Activities

• The role may be required to support the project teams working on Reward cyclical processes such as merit and bonus, providing high quality analytical support both to the Reward CoE and HR / the business as well as responding to ad hoc requests.

Additional responsibilities

• Involvement in Total Reward development and improvement projects which align to overall objectives and development opportunities.

Qualifications / Criteria

• Experience in benefits administration, with a strong operational focus
• Strong IT skills across varied range of Microsoft Office applications and in particular Excel to an intermediate/advanced level.
• Proficiency in benefits administration software and tools, as well as experience in managing benefits data.
• Previous exposure to pension schemes would be beneficial.
• Strong analytical abilities are essential for analysing benefits data.
• Given the global nature of the role, the ability to work effectively with colleagues and employees from various cultural backgrounds is an asset.
• Able to work accurately and efficiently under pressure.
• A professional manner and the ability to develop strong working relationships.
• Excellent communication skills, both written and verbal
• Customer focused, passionate about meeting the requirements of internal and external stakeholders.
• The role involves managing complex benefits policies and data, so a high degree of accuracy and attention to detail is necessary to avoid errors and discrepancies. Able to use own initiative and prioritise.
• Demonstrates high levels of confidentiality.

What We Can Offer You

• Varied, interesting and meaningful work.
• A hybrid working environment with flexibility and great opportunities.
• Opportunities for training and, as the team grows, career progression or sideways moves.
• An opportunity to work within a large global multi-disciplinary consultancy on a mission to change the ways we approach business as usual.

Job tags

Salary