FactSet Research Systems Inc. is a global provider of integrated financial information, analytical applications and industry-leading services for investment and corporate communities. As a publicly traded company (NYSE: FDS | NASDAQ: FDS) recently added to the S&P 500 index, FactSet delivers superior content, analytics, and flexible technology to help more than 162,000 users see and seize opportunity sooner. For over 40 years, the company has served financial professionals, which include portfolio managers, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and corporate clients. FactSet gives our clients the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists.
Values that define our culture
We are unified by the spirit of going above and beyond for our clients and each other. We look to foster a globally inclusive culture, enabling our people to be themselves at work and to join in, be heard, contribute, and grow. We continually seek to expand our workforce with diverse perspectives, backgrounds, and experiences. We recognize that our best ideas can come from anyone, anywhere, at any time and help us provide the best solutions for our clients around the globe. Our inclusive work environment maximizes our diversity values, engagement, productivity, and ultimately makes FactSet a fun place to work.
Department Brief
FactSet’s Compensation and Benefits team consistently works towards fostering a healthy and rewarding work-life balance. The team always strives to enhance employees' wellness through health-insurance coverage, and awareness/tools necessary for healthy living.
JOB PURPOSE:
The role primarily focuses on managing the India Benefits policies and programs which includes vendor management, compliance testing, designing benefit packages, framing policies, market intelligence, end-end administration of enrollment, endorsements, maintaining internal and external benefits database
JOB RESPONSIBILITIES
Database Management
Validate data, invoices, endorsements, contracts, and employee database management. Conduct audits of data/invoices to ensure processes and policies are managed accurately and effectively.
Operations:
Support annual renewals for APAC offices, benchmark FactSet against peers and research industry and employment trends.
Partner with Insurance brokers, vendors and TPAs to prepare reports and applications required by local law to be filed with the Department of Labor for each region and other regulatory agencies.
Work on end-to-end administration of employee benefits operations for FactSet APAC for medical, personal accident and life insurance with related policies, financials, and timelines for the benefit of the employees.
Ensure timely and accurate processing of monthly benefit schedules and activation of benefits for the new hires
Communication:
Design, review and update benefits communications on an ongoing basis, validate and review policies, processes, FAQ’s, SOP’s & BCP’s for benefits processes and update Intranet pages.
Develop written materials (e.g., forms, procedures, brochures, etc.) for the purpose of documenting benefits activities, providing written reference and/or conveying information, Partner with the technical team to plan and execute annual benefits enrollment, Benefits query management.
Conduct orientation sessions focused on Employee Benefits for new hires remotely across APAC.
Provide recommendations to leadership to fill gaps in employee benefit processes to improve efficiency and experience.
Analysis: Ensure periodic checks and reconciliation of the quarterly benefits claims analysis, work with the Senior management, and the respective stakeholders to build plans and improve strategies for greater output
Leave management: Administering leave management (like policies, overtime records, absence management, etc.) and maintaining leave reports
Wellness Initiatives: Organizing wellness programs, road shows/orientation programs, coordinating with the concerned departments for the smooth run of the programs
Partner with global and regional benefits team for co-creating and implementing employee wellbeing benefits for FactSet APAC employees & support initiatives to enhance wellness benefits scope in the region.
JOB REQUIREMENTS
Minimum 5 years of experience.Excellent Verbal and written communication skillsHands on experience on Advance excel, MS-Office suiteBasic Knowledge of IRDA and its Operational guidelinesBasic Knowledge of IRDA and its Operational guidelinesDiversity
At FactSet, we celebrate diversity of thought, experience, and perspective. We are committed to disrupting bias and a transparent hiring process. All qualified applicants will be considered for employment regardless of race, color, ancestry, ethnicity, religion, sex, national origin, gender expression, sexual orientation, age, citizenship, marital status, disability, gender identity, family status or veteran status. FactSet participates in E-Verify.
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