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Benefits Analyst

Frazer Jones
Posted 3 days ago, valid for a month
Location

London, Greater London EC3V 3LA, England

Salary

£55,000 per annum

Contract type

Full Time

Employee Assistance
In order to submit this application, a TotalJobs account will be created for you. As such, in addition to applying for this job, you will be signed up to all TotalJobs’ services as part of the process. By submitting this application, you agree to TotalJobs’ Terms and Conditions and acknowledge that your personal data will be transferred to TotalJobs and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position involves managing relationships with benefits providers and overseeing annual renewals and reporting to enhance the benefits portfolio.
  • Candidates should have proven experience in benefits management, particularly with external providers, and a strong understanding of benchmarking processes.
  • The role requires proficiency in analytical tools for data insights and the ability to communicate complex information effectively.
  • This position offers a salary of £40,000 to £50,000, depending on experience, and requires a minimum of three years of relevant experience.
  • The SR Group (UK) Limited is acting as an Employment Agency for this vacancy.
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.

Apply now in a few quick clicks

In order to submit this application, a TotalJobs account will be created for you. As such, in addition to applying for this job, you will be signed up to all TotalJobs’ services as part of the process. By submitting this application, you agree to TotalJobs’ Terms and Conditions and acknowledge that your personal data will be transferred to TotalJobs and processed by them in accordance with their Privacy Policy.