Assistant Manager/Manager Benefits

Neara; Bengaluru; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Multiplier is hiring a Benefits Specialist/Sr Specialist in Bengaluru to design and execute the company’s global benefits plan while ensuring compliance. The role requires strong analytical and leadership abilities, with experience in cross-functional collaboration and vendor negotiations.

The candidate will oversee audits, renewals, and partnerships with insurers and wellness providers, contributing to cost optimization and improved benefits coverage.

Qualifications

• 8-10 years of experience in a high-growth global startup.
• MBA from a Tier 2 college.

Responsibilities

• Lead HR audit and collaborate with Auditors, providing data inputs.
• Coordinate with cross-functional stakeholders to complete audits on time.
• Manage benefits partnerships with insurers, TPAs, and wellness providers.
• Lead procurement discussions to enhance coverage, lower costs, and improve terms.
• Monitor global benefits market trends and competitor offerings for renewals.

Skills

Analytical skills

Cross-functional work

Negotiation skills

Vendor management

Benefits administration

Carta administration

Education

MBA (Tier 2 college)

Job description

About Job

As a Benefits Specialist/Sr Specialist at Multiplier, you will play a crucial role in designing and executing the company's global benefits plan while ensuring compliance

Qualifications

• 8-10 years of experience in a high-growth global startup, with strong communication and confident leadership skills.
• MBA from a Tier 2 college.

Skills

• Excellent analytical skills and communication skilss
• Ability to work cross-functionally
• Experience in pricing, procurement, or partnerships within the benefits/insurance domain.
• Strong negotiation skills to lead procurement discussions and enhance coverage, lower costs, and improve terms.
• Knowledge of global employee benefits markets, pricing models, and procurement processes.
• Excellent stakeholder management skills to handle escalations
• Experience in benefits administration, including Carta administration and reporting.
• Ability to oversee vendor reconciliation and payments of insurance invoices.

Responsibilities

• Lead the HR audit and work with Auditors and provide data inputs
• Work with cross functional stakeholders to complete audits in time
• Manage benefits partnerships with insurers, TPAs, and wellness providers
• Lead procurement discussions to enhance coverage, lower costs, and improve terms.
• Continuously analyze global benefits market trends and competitor offerings to provide intelligence for Insurance & benefits renewal
• Onboarding Employees on the benefits portal
• Lead the administration of ESOPs, including Carta administration and reporting.
• Oversee renewal management, ensuring smooth client transitions and favorable outcomes.
• Handle escalations on Insurance and benfits
• Support renewal negotiations and cost improvement initiatives with insurers and partners.