Senior Benefits Specialist

Welcome to FactSet Research Systems, a leading provider of financial and business information to investment professionals around the world. We are currently seeking a highly skilled and experienced Senior Benefits Specialist to join our dynamic Human Resources team. As a Senior Benefits Specialist, you will play a pivotal role in managing and administering our employee benefits programs, ensuring that our valued employees have access to competitive and comprehensive benefits packages. If you are a detail-oriented and customer-focused individual with a strong background in benefits administration, we encourage you to apply for this exciting opportunity.

1. Develop and maintain a deep understanding of the company's benefits programs, including health insurance, retirement plans, and other employee perks.
2. Serve as the main point of contact for employees regarding all benefits-related inquiries, providing timely and accurate responses to their questions and concerns.
3. Collaborate with third-party vendors and internal stakeholders to manage the enrollment process for new hires, annual open enrollment, and any changes to existing benefits plans.
4. Administer all aspects of the benefits programs, including processing enrollments, terminations, changes, and claims.
5. Ensure compliance with all federal and state laws and regulations related to employee benefits, including ERISA, HIPAA, and ACA.
6. Conduct regular audits of benefits data to ensure accuracy and resolve any discrepancies.
7. Develop and deliver benefits communications and trainings to employees, ensuring understanding and utilization of available benefits.
8. Stay informed of industry trends and best practices in employee benefits, making recommendations for improvements and enhancements to the company's benefits offerings.
9. Work closely with the HR team to develop and implement strategies to attract and retain top talent through competitive benefits packages.
10. Provide guidance and support to managers and employees on complex benefits issues, including FMLA, COBRA, and disability accommodations.
11. Maintain confidentiality and handle sensitive employee information with discretion and professionalism.
12. Monitor and analyze benefits usage and costs, making recommendations for cost-saving initiatives and process improvements.
13. Prepare and distribute reports on benefits utilization, costs, and trends to inform decision making and budgeting.
14. Stay up-to-date on changes to benefits laws and regulations and communicate any necessary updates to the HR team and employees.
15. Mentor and train junior HR team members on benefits administration processes and procedures.

According to JobzMall, the average salary range for a Senior Benefits Specialist in Hyderabad, Telangana, India is between Rs. 500,000 to Rs. 1,500,000 per year. This can vary depending on factors such as the company, experience level, and specific job responsibilities. Some companies may also offer additional benefits such as bonuses, health insurance, and retirement plans.

FactSet Research Systems Inc., trading as FactSet, is a financial data and software company headquartered in Norwalk, Connecticut, United States. The company provides financial information and analytic software for investment professionals.