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Senior Benefits Specialist
5-6 years
Hyderabad / Secunderabad
1 vacancy
Senior Benefits Specialist
FactSet
posted 2mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
The role primarily focuses on managing the India Benefits policies and programs which includes vendor management, compliance testing, designing benefit packages, framing policies, market intelligence, end-end administration of enrollment, endorsements, maintaining internal and external benefits database
JOB RESPONSIBILITIES
Database Management
Validate data, invoices, endorsements, contracts, and employee database management. Conduct audits of data/invoices to ensure processes and policies are managed accurately and effectively.
Operations:
- Support annual renewals for APAC offices, benchmark FactSet against peers and research industry and employment trends.
- Partner with Insurance brokers, vendors and TPAs to prepare reports and applications required by local law to be filed with the Department of Labor for each region and other regulatory agencies.
- Work on end-to-end administration of employee benefits operations for FactSet APAC for medical, personal accident and life insurance with related policies, financials, and timelines for the benefit of the employees.
- Ensure timely and accurate processing of monthly benefit schedules and activation of benefits for the new hires
Communication:
- Design, review and update benefits communications on an ongoing basis, validate and review policies, processes, FAQ s, SOP s & BCP s for benefits processes and update Intranet pages.
- Develop written materials (e.g., forms, procedures, brochures, etc.) for the purpose of documenting benefits activities, providing written reference and/or conveying information, Partner with the technical team to plan and execute annual benefits enrollment, Benefits query management.
- Conduct orientation sessions focused on Employee Benefits for new hires remotely across APAC.
- Provide recommendations to leadership to fill gaps in employee benefit processes to improve efficiency and experience.
Analysis: Ensure periodic checks and reconciliation of the quarterly benefits claims analysis, work with the Senior management, and the respective stakeholders to build plans and improve strategies for greater output
Leave management: Administering leave management (like policies, overtime records, absence management, etc.) and maintaining leave reports
Wellness Initiatives: Organizing wellness programs, road shows/orientation programs, coordinating with the concerned departments for the smooth run of the programs
Partner with global and regional benefits team for co-creating and implementing employee wellbeing benefits for FactSet APAC employees & support initiatives to enhance wellness benefits scope in the region.
JOB REQUIREMENTS
- Minimum 5 years of experience.
- Excellent Verbal and written communication skills
- Hands on experience on Advance excel, MS-Office suite
- Basic Knowledge of IRDA and its Operational guidelines
- Basic Knowledge of IRDA and its Operational guidelines
Employment Type: Full Time, Permanent
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People are getting interviews through
(based on 126 FactSet interviews)
Job Portal
Company Website
Campus Placement
Walkin
Referral
34%
21%
17%
11%
9%
8% candidates got the interview through other sources.
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What people at FactSet are saying
Senior Benefits Specialist salary at FactSet
reported by
4
employees
with 4-10
years exp.
₹7.2
L/yr - ₹13.6
L/yr
44%
more
than the average Senior Benefits Specialist Salary in India
View more details
What FactSet employees are saying about work life
based on 1.3k employees
Flexible timing
Monday to Friday
No travel
Day Shift
FactSet Benefits
Submitted by Company
Free Transport Soft Skill Training Job Training Health Insurance
Submitted by Employees
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FactSet Hyderabad / Secunderabad Office Location
Hyderabad Office
FactSet Systems India Pvt Ltd, 7th Floor, Block-4, DivyaSree NSL Infrastructure Pvt. Ltd., SEZ,Gachibowli, Hyderabad, Telangana
Hyderabad
500032
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