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Benefits Manager

7-12 years

Bangalore / Bengaluru

Benefits Manager

IBM

posted 4d ago

Job Description

Key Responsibilities:
  • Program implementation and Enhancement: Lead the implementation, and continuous improvement of benefits programs, including health insurance, retirement plans, life insurance, disability benefits, leave programs and other employee perks.
  • Vendor & Partner Management: Oversee the selection and management of vendor relationships (e.g., health and life insurers, other vendors), ensuring cost-effectiveness, service excellence, and compliance.
  • Compliance & Risk Management: Ensure that all benefits programs comply with applicable local, state, and federal regulations and effectively manage risk related to benefits offerings.
  • Data & Analytics: Use data and analytics to assess the effectiveness of benefits programs, monitor trends, and make data-driven recommendations to senior leadership for improvements or changes in benefits offerings.
  • Team Leadership & Management:
  • Manage and lead the benefits team, providing direction, guidance, and support to ensure departmental goals are met.
  • Foster a collaborative and high-performance team environment, ensuring clear communication and alignment of priorities.
  • Oversee the daily operations of the team, ensuring efficient administration of benefits processes and services.
  • Set individual and team performance goals, conduct regular performance reviews, and provide ongoing feedback and professional development opportunities.
  • Mentor and develop team members, providing coaching, training, and support to help them achieve their career goals.
  • Address any team performance or interpersonal issues promptly and effectively, ensuring a positive and productive work environment.
  • Employee Engagement & Communication: Champion employee engagement with benefits programs, ensuring clear and effective communication of benefits options, program updates, and open enrollment information.
  • Global Benefits Strategy: Manage and coordinate global benefits strategies, ensuring consistency and compliance across multiple regions.
  • Open Enrollment Leadership: Lead the strategic planning and execution of the open enrollment process, ensuring that employees understand their options and can make informed decisions.
  • Change Management: Lead any changes to benefits programs or processes, ensuring smooth implementation and adoption by employees.
  • Executive Reporting: Regularly report on the effectiveness of benefits programs to senior leadership and stakeholders, providing insights and recommendations for future improvements.
  • Required education
    Bachelor's Degree

    Preferred education
    Master's Degree

    Required technical and professional expertise

    Qualifications:
  • Education: Bachelors/ Masters degree in Human Resources, Business Administration, Finance, or a related field.
  • Experience: 7+ years of experience in benefits administration, with a minimum of 2-4 years in a managerial role, overseeing a team or department.
  • Skills:
  • Deep knowledge of benefits strategy and best practices.
  • Strong leadership and team management skills, with the ability to influence and drive change.
  • Expertise in vendor management.
  • Advanced analytical skills, including the ability to assess data trends and financial metrics.
  • Excellent communication and interpersonal skills, with the ability to engage and educate employees and leadership.
  • Strong project management abilities, with experience managing large, complex projects.
  • Ability to work effectively with cross-functional teams, including HR, finance, legal, and IT.

  • Tools/Technology: Proficiency in benefits administration software, SAP systems, and Microsoft Office Suite. Experience with advanced data analytics and reporting.

    Preferred technical and professional experience
  • Tools/Technology: Proficiency in benefits administration software, SAP systems, and Microsoft Office Suite. Experience with advanced data analytics and reporting.

  • Employment Type: Full Time, Permanent

    Read full job description

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