AddressEmployee Benefits Specialist (MANAGER-AVP level)
Integral Part of Compensation & Benefits COE,
the role holder will…
Handle various Employee benefit programs Group Medical Insurance, Group Personal Accident Insurance, Group Term Life Insurance, retirement plans,
Manage the various benefits of the Bank for Annual Health Check-up, ESOPs, Company Car, Club Membership, etc
• Work with insurance companies, brokers, and bank's management in administering the benefits plans, Share Linked Instruments (Stock options), identifying new or better benefits / insurance plans
• Hands-on work experience with the administration of insurance plans (Group Medical Insurance, Group Personal Accident Insurance, Group Term Life Insurance), NPS/other retirement plans
• Ability to maintain relationships with insurance and healthcare providers, Insurance brokers and drive preliminary negotiations
• Monitor and research benefits trends. Participate in market surveys and benchmarking studies
• Work with HCM Compliance and Operations teams to improve the current HCM policies (Financial and Non-financial)
• Manage the Medical Centers at different locations and ensure compliance as per the rules
• Create FAQs, avail other platforms for better employee communication. Leads Pan Bank's informational sessions on benefits
• Ability to conduct independent research into new benefits plans
• Preparing MIS reports and coordinating with payroll, as needed
• Ensuring Bank is compliant with states and national laws
• Ensuring benefits plans are cost-effective and competitive
Skills: Employee Benefits, Compensation Benefits, Benefits Administration
Experience: 5.00-12.00 Years
Education: Master OF Business Administration (M.B.A)
