Senior Benefits Specialist
FactSet
Hyderabad, IN
1d ago

About FactSet

FactSet combines hundreds of databases into a single, powerful information system. It is a one-stop source for financial information and analytics for business analysts, portfolio managers, investment bankers / management firms and other financial professionals to analyze companies, portfolios, markets & economies.

Founded in 1978 and operating from 43 locations worldwide employing nearly 9000 people, FactSet has over $1.1 Billion in annual revenues and is headquartered in Norwalk, Connecticut.

Our operations extend within North America as well as Europe and the Pacific Rim. Since 1996, the Company has been publicly traded on the New York Stock Exchange under the symbol FDS, and is also dual-

listed on the NASDAQ under the same symbol.

Department Brief

FactSet’s Compensation and Benefits team consistently works towards fostering a healthy and rewarding work-life balance.

The team always strives to enhance employees' wellness through health-insurance coverage, and awareness / tools necessary for healthy living.

JOB PURPOSE :

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
  • Operations : validating invoices and endorsements, employee database management, Partner with Insurance vendors and TPA’s to prepare reports and applications required by law to be filed with the Department of Labor and other regulatory agencies, Administration of group medical insurance, group personal accident insurance, group life insurance, gratuity & GLES and ESI with related policies, financials and timelines for the benefit of the employees,
  • Communication : Design, review and update benefits communications on an ongoing basis. Validate and review SOP’s, FAQ’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

  • Analysis : 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 leave Application, policies, overtime records, absence management, etc.
  • and maintaining leave reports

  • Wellness Initiatives : Organizing wellness program, road shows / orientation programs, coordinating with the concerned departments for the smooth run of the programs
  • 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
  • Apply
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