U.S. Bank—Senior Benefit Administrator

Job description

Description: At U.S. Bancorp India, we’re on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description Senior Benefit Administrator Job Description : The Role & Key Responsibilities: - Benchmark benefits to ensure appropriate positioning in market whilst achieving global harmonization where possible by developing cost effective recommendations - Support the review and negotiation of benefit plan renewals - Provided strategic oversight of company retirement offerings, including the creation and launch of pension schemes aligned to regulatory compliance, cost efficiency - Act as first point of contact for Benefits Set up related queries from local HR teams, escalating where necessary - Work towards becoming the subject matter expert in relation to Global Benefits Delivery - Support policy renewals and negotiations with full analysis - Support employee communications of benefits and wellbeing initiatives - Act as primary contact for insurers, brokers and manage the approved vendor & PO process for new providers - Governance and compliance of employee leave frameworks, ensuring alignment with local statutory regulations and consistent application across the organization - Escalation contact for complex queries, and support for internal stakeholders - Guidance and support to junior benefits administrator and payroll administrators - Ensure compliance with Indian labour and social security regulations, where applicable - Assist with benefit due diligence for various projects such as mergers & acquisitions, supporting key stakeholders to ensure full comparisons are made and any issues/risks are highlighted - Support local HR teams on membership reviews to ensure data integrity Skills Required: - 5+ years’ broad experience operating Global Benefits schemes, exhibiting progressive responsibility - 10 years of broad HR / Payroll experience - Advanced skills in Excel with the ability to data model and present the data to senior management to make informed decisions using PowerPoint - Strong analytical and numeracy skills with high attention to detail - HR Information Systems and benefits software, along with proficiency in Microsoft Office applications. Familiarity with platforms like Workday or ServiceNow would be an added advantage - Proven ability to work collaboratively in cross-functional teams - Effective vendor management skills; managing contracts and collaboration with stakeholders - Confident, clear communicator with excellent written and verbal skills and the ability to influence senior stakeholder - High level of organization and time management - Ability to support the full life cycle of complex projects - Demonstrates ownership and accountability #LI-DNI If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Posting may be closed earlier due to high volume of applicants. This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.