Associate, Benefits Administration, Strategy - Pune, Maharashtra, India - The Bank of New York Mellon Corporation
Description
Job Summary - VMT Associate
The Vendor Management Team Analyst is a critical member of our Benefits & Wellbeing Delivery team. Their primary accountabilities will be within the Benefits pillar with Third Party Governance and Vendor Management.
This Analyst will support a variety of Benefit programming spanning health and insurance plans, Wellbeing Programs and Policies and the Recognition Program.
Vendor Management - 80%
- Support day to day operations of Reward programs through Third Party Governance tools.
- Participates in vendor renewals, RFPs, contract reviews and new vendor onboarding.
- Initiates purchase orders and supports the timely payment of invoices.
- Works closely and collaborates with internal and external teams to help professionally and efficiently solve vendor management related concerns.
- Completes periodic reviews of vendors to ensure internal and external compliance.
- Work on addressing identified risks and is proactive and highlighting potential risks with the vendor.
- Assesses opportunities for efficiencies and process improvements.
Data Integrity and Analytics - 20%
- Helps to maintain and distributes departmental metrics including identifying targets to improve providing analysis on trends and measuring against department goals.
- Assists with data integrity processes with vendors and insurers such as weekly file feeds or monthly payment processing.
- May help to ensure program data accuracy with benefit carriers.
- Supports compliance, regulatory filings, and financial audit activities.
Profile requirements:
- Bachelor's degree in Human Resources, Business, Finance, or other related areas preferred.
- 1 year of HR experience preferred.
- Prior Benefits/Vendor Management experience preferred.
- Customer/Stakeholder Service.
- Ability to work with and analyze data.
- Attention to detail, critical thinking, analytical and problemsolving skills are essential.
- Strong organizational skills and ability to multitask.
- Proficient in MS Office including Word, Excel, PowerPoint, and SharePoint.
- Must possess excellent written and verbal communication, and presentation skills.
- Highly collaborative team player.
- Ability to deal with ambiguity and roll up sleeves to "go figure it out".
- Having a cando flexible attitude is a must.
Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work.
We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.
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Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work.
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