Lead Benefits Specialist at FactSet in Hyderabad, Telangana, India

Lead Benefits Specialist
Location: India, Hyderabad, DVS, SEZ-1 – Orion B4; FL 7,8,9,11 (Hyderabad - Divyasree 3)
FactSet creates flexible, open data and software solutions for over 200,000 investment professionals worldwide, providing instant access to financial data and analytics that investors use to make crucial decisions.
At FactSet, our values are the foundation of everything we do. They express how we act and operate, serve as a compass in our decision-making, and play a big role in how we treat each other, our clients, and our communities. We believe that the best ideas can come from anyone, anywhere, at any time, and that curiosity is the key to anticipating our clients’ needs and exceeding their expectations.
Your Team's Impact
The role primarily focuses on managing the Benefits policies and programs which includes vendor management, compliance, designing benefit packages, framing policies, market intelligence, end-end administration of enrollment, endorsements, maintaining internal and external benefits database.

What You'll Do
1.  15% Designing Benefit Programs and plans:
Recommend benefits programs to management by studying employee requirements and trends and developments in benefits offered by other organizations. Supports management's decision making by analyzing benefit options and predicting future costs. Competitive benefits offerings to the employees
2.  30% Operations:
Comply with federal, State, and local legal requirements by studying existing and new legislation; obtaining qualified opinions; enforcing adherence to requirements; advising management on needed actions. Validating invoices and endorsements, Employee database management of beneficiaries, Partner with Insurance vendors and TPA’s to prepare reports. Administration of Group Health insurance, Group personal accident and Disability insurance, Group life insurance. Employee Benefits data management, Vendor Management, compliance and timely payments.
3.   15% Communication:
Design, review and update benefits communications on an ongoing basis,
Validate and review SOP’s, FAQ’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. Process Documentation for business planning and BCP, employee communication
4.   10% Analysis:  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. Cost regulation and Claims management
5.   5% Leave management: Administering leave management and maintaining leave reports
Leave & Policy updating as per statutory norms
6.  15% Wellness Initiatives: Organizing wellness program, road shows/orientation programs, coordinating with the concerned departments for the smooth run of the programs Employee Well-being
7. 10% Team Management: Managing benefits staff by recruiting, selecting, orienting, and training employees.
Responsible for benefits team results by coaching, counseling, and disciplining team members; planning, monitoring, and appraising job results.  Team Management

What's In It For You
At FactSet, our people are our greatest asset, and our culture is our biggest competitive advantage. Being a Fact Setter means:
The opportunity to join an S&P 500 company with over 45 years of sustainable growth powered by the entrepreneurial spirit of a start-up.
Support for your total well-being. This includes health, life, and disability insurance, as well as retirement savings plans and a discounted employee stock purchase program, plus paid time off for holidays, family leave, and company-wide wellness days.
Flexible work accommodations. We value work/life harmony and offer our employees a range of accommodations to help them achieve success both at work and in their personal lives.
A global community dedicated to volunteerism and sustainability, where collaboration is always encouraged, and individuality drives solutions.
Career progression planning with dedicated time each month for learning and development. · Business Resource Groups open to all employees that serve as a catalyst for connection, growth, and belonging.
Learn more about our benefits here.
Salary is just one component of our compensation package and is based on several factors including but not limited to education, work experience, and certifications.
Company Overview:
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 200,000 individual users. Clients across the buy-side and sell-side, as well as wealth managers, private equity firms, and corporations, achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized among the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.
At FactSet, we celebrate difference of thought, experience, and perspective. Qualified applicants will be considered for employment without regard to characteristics protected by law.