Benefits Analyst in City of London

Benefits Management

• Manage the relationship with the benefits provider, overseeing annual renewals, reporting, and the identification of opportunities to enhance the benefits portfolio. Lead the annual benefits enrolment process.
• Act as the primary liaison with brokers and benefits providers, managing annual renewals and ensuring accurate data provision.
• Oversee and manage various employee benefits and other relevant offerings. Regularly review the benefits package to maintain competitiveness and relevance.
• Manage the relationship with the PMI provider, oversee premium renewals via the broker, ensure accurate data sharing, handle invoicing, and communicate key updates to employees.
• Administer the recognition program, ensuring it operates effectively and is well-utilised by employees. Provide relevant reporting to measure engagement and effectiveness.
• Manage the EAP provider relationship, monitor usage trends, and promote the program to employees.
• Generate accurate benefits reports as needed, ensuring all data is up to date across platforms, including the HRIS. Conduct data analysis to inform benefits-related decisions.

Reward & Compensation Support

• Assist in the mid-year and annual performance rating processes, including drafting calibration packs and supporting salary review cycles.
• Support participation in annual salary surveys, job matching, and benchmarking exercises.

Key Skills & Experience

This role is ideal for individuals with experience in benefits management who are looking to broaden their expertise in the reward space.

• Proven experience managing external benefits providers and suppliers.
• Strong understanding of benchmarking processes, including job matching, data analysis, and reporting.
• Experience developing and maintaining benefits policies and procedures.
• Proficiency in analytical tools and systems for producing detailed data insights.
• Highly numerate and financially minded, capable of conducting modelling and analysis across various reward topics.
• Strong communication skills, with the ability to present complex information in a clear and compelling manner.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.