Benefits Specialist
6 months ago
**People and Culture - Benefits Specialist/Manager**
**About Schroders**
We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
**The base**
Our headquarters in the City of London provides a modern and collaborative work environment with onsite facilities to help you stay healthy and happy, including an onsite gym with fitness studios, health hub, subsidised eatery, outside terraces, and social spaces. We also have everything you need to work flexibly.
**The team**
The People & Culture team is responsible for ensuring that Schroders maximises the return on its investment in people and does this through the development and implementation of policies and practices that attract, reward, and retain high quality employees, to achieve business objectives in line with our values and strategic goals.
**Who we're looking for**
As Benefits Specialist you will be responsible for the management and operational delivery of our benefits programme, policies, and practices. You will play a crucial role in ensuring our benefits programmes remain competitive, fit for purpose, and continue to meet the needs of our people - ensuring we remain an employer of choice.
You will partner with external vendors on renewals, monitoring performance and ensuring the best level of service is being provided.
You will partner with business leaders and the wider People and Culture team across the globe, to support the deployment of our global benefits strategy and in doing so, you will build up a healthy understanding of our global benefits offering - ensuring our benefits continue to meet legislative requirements, benchmark favourably and align with our People and Culture priorities.
The right person for this role must have a key understanding of the Benefits space and will be able to bring that knowledge with them to support projects, queries, and more. This role has a healthy mix of business-as-usual duties as well as working on a variety of approved projects related to the benefits to achieve the business’s desired outcomes. A key focus for the role will be to identify and implement process efficiencies and reduce queries.
**What you'll be like**
- Ability to plan and organise time; works to given timeframes and balances work efficiently to meet goals and objectives;
- Identifies issues, risks, and conflicts and seeks support and assistance appropriately when required;
- Excellent interpersonal, communication, diplomacy and influencing skills with the ability to work successfully both as part of a team and on own initiative;
- Objective and unbiased reasoning - making sound recommendations, considering all relevant factors;
- Flexible and adaptable; great at unpicking a problem, from start to end, owning and getting the best possible solution delivered;
- Data focused taking pride in accuracy and analytics with a commitment to ensuring decisions are data-driven;
- Proactive, flexible, and efficient approach to the needs/requirements of the role;
- Committed to excellence, operational innovation, and continuous improvement;
- Understand the need for confidentiality in dealing with all issues relating to our benefits and
- Strategic thinker - contributing to the wider People & Culture priorities.
**What you'll do**
- Responsible for the day-to-day administration of the UK programme ensuring the quality and protection of data, operating procedures and controls are appropriate for all arrangements (monitoring third party administrators as required);
- Administration of Electric Care Scheme including national minimum wage checks;
- Ensure benefit arrangements are in line with legislation and operate in accordance with best practice, working with actuaries, lawyers, auditors, HMRC and other external professional advisors, monitoring new legislation and/or market trends and ensuring the Company responds appropriately;
- Benchmark and evaluate existing benefits offerings based on industry trends, innovation, and employee feedback. Recommend improvements and/or cast savings, as well evaluate possible changes to benefit providers;
- Co-ordination of annual benefits review, recommending additions, revisions and/or deletion of benefit plans; participate in negotiation of renewals and new contract agreements within appropriate timescales;
- Review, identify and implement opportunities to improve the resilience and efficiency of processes and to identify and manage the associated risks;
- Responsible for the implementation of Global Benefits inventory and framework for best practice and identify opportunities for globalisation;
- Creation of UK benefits dashboard helping to ensure data
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