Sr Manager, Benefits (Total Rewards)

Capital One; Bengaluru; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Capital One is seeking a Senior Manager in Benefits to lead Health & Welfare benefits design and leave policies, delivering a superior associate experience in a fast-paced environment.

This role manages plan design, governance, analytics, vendor partnerships, and regulatory compliance, driving strategy aligned with talent and business objectives. Strong leadership and stakeholder management are essential to succeed in a highly-matrixed organization.

Qualifications

• MBA or PGDM (full-time) degree required.
• 12+ years of Health & Welfare benefits design and management experience.
• Experience in highly-matrixed environments.
• Strong knowledge of benefits governance practices and HR regulations.

Responsibilities

• Develop and manage Health & Welfare benefit plan designs aligned with objectives.
• Manage plan or program financials.
• Use data to assess performance and guide design changes.
• Develop communications to improve engagement with benefits.
• Manage vendor partnerships effectively.
• Ensure plans comply with federal and state laws.
• Analyze legislation and benchmarking affecting plan performance.
• Identify tech solutions to improve associate experience across programs.
• Audit compensation practices and provide HR consultation.

Skills

People leadership

Analytical skills

Communication skills

Strategic thinking

Problem solving

Collaboration

Influencing

Education

MBA or PGDM

Job description

Job Summary

Senior Manager, Benefits (Total Rewards)

Capital One is seeking a Senior Manager in Benefits. This individual will thrive in a fast-paced, entrepreneurial environment and work on a team to develop and implement Health & Welfare benefits, Awards & Leave Policy that fuel our business and talent strategies, while delivering an amazing associate experience.

Responsibilities

• Develop, implement and/or manage Health & Welfare benefit plan designs that align with the company s strategic objectives and deliver a transformed associate experience
• Manage plan or program financials
• Utilize data to understand plan or program performance and drive design recommendations
• Develop effective communication plans to optimize impact, understanding of and engagement in benefits and programs
• Effectively manage vendor partnerships
• Ensure that benefit plans are administered in compliance with federal and state laws and regulations
• Analyze current and developing legislation, external benchmarking and other environmental factors impacting plan performance and program competitiveness
• Identify and implement technology solutions to improve the associate experience and drive greater integration across health and welfare programs.
• Audit and analyze internal compensation practices in relation to relevant regulations. Develop recommendations for corrective actions as needed. Provide compensation consultation to HR and business clients.

Basic Qualifications

• MBA or PGDM Full-time
• At least 12 years of experience on Health & Welfare Benefits design, strategy and management

Preferred Qualifications

• 4+ years of People leader experience
• 8+ years experience with Benefits governance practices
• Solid business acumen and strategic thinker and problem solver
• Experience working within a highly-matrixed environment
• Knowledge of human resources and compensation including knowledge of relevant Federal, State, Local laws/regulations relating to compensation
• Strong analytical skills and knowledge of statistical analysis
• Work experience in a Design-thinking / agile / User-experience / transformational work setting
• Strong written, verbal and interpersonal communication skills
• Strong skills in influencing, teamwork and collaboration