Manager - Benefits

Qiddiya Investment Company; Saudi Arabia; On-site; SAR 150,000 - 180,000; Full time

Job summary

A leading investment firm in Saudi Arabia is seeking an experienced Manager - Employee Benefits to shape their benefits strategy. You will oversee insurance programs, conduct market assessments, and ensure compliance with regulations. The ideal candidate has over 5 years of experience in benefits management and strong negotiation skills. This role involves collaboration with various stakeholders and offers a pivotal opportunity to enhance employee offerings.

Qualifications

• 5+ years of experience in employee benefits management, focusing on insurance and health benefits.
• Strong knowledge of benefits regulations and compliance requirements.
• Experience in negotiating and managing insurance programs.

Responsibilities

• Conduct assessments of current benefits programs.
• Lead management of health, life, and disability insurance programs.
• Negotiate with insurance providers for optimal coverage.
• Ensure compliance with labor laws and company policies.

Skills

Negotiation skills

Project management

Analytical skills

Communication skills

Education

Bachelor’s degree in Human Resources, Business Administration, or related field

Job description

Join Qiddiya Investment Company as a Manager - Employee Benefits and take on a pivotal role in shaping our employee benefits strategy and programs.

As a leader in the entertainment and cultural landscape of Saudi Arabia, we seek an experienced and strategic professional to oversee our benefits offerings and ensure they align with the needs of our diverse workforce.

Responsibilities

• Conduct regular assessments of current benefits programs in comparison to market standards and best practices.
• Prepare benchmarking reports to evaluate competitiveness and identify areas for improvement.
• Provide recommendations to enhance benefits offerings in alignment with employee needs and company strategy.
• Lead the management and administration of the company’s health, life, and disability insurance programs.
• Negotiate with insurance providers to secure optimal terms, coverage, and pricing.
• Act as the main point of contact for insurance brokers and third-party providers.
• Ensure timely renewal, claims management, and ongoing evaluation of insurance plans' performance and effectiveness.
• Oversee the implementation of new benefits programs and initiatives.
• Develop and maintain project timelines, ensuring timely delivery of milestones and objectives.
• Lead medical insurance management and enhancements.
• Drive digitalization efforts for benefits platforms and systems to enhance efficiency and employee experience.
• Ensure all benefits programs are compliant with local labor laws, regulatory requirements, and company policies.
• Maintain thorough documentation and reporting to support internal and external audits.
• Stay updated on regulatory changes affecting employee benefits and advise leadership on necessary adjustments.
• Manage relationships with external benefits providers, brokers, and consultants to ensure service quality and performance.
• Collaborate with internal stakeholders, including HR, Finance, and Legal, to ensure alignment of benefits with organizational objectives.

Qualifications

• Bachelor’s degree in Human Resources, Business Administration, or a related field.
• 5+ years of experience in employee benefits management, with a focus on insurance and health benefits.
• Strong knowledge of benefits regulations and compliance requirements.
• Experience in negotiating and managing insurance programs.
• Excellent communication, project management, and analytical skills.