Associate, Benefits Administration

22 hours ago

Pune, India BNY Mellon Full time

 Associate I- Vendor Management Team

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.    

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

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.

In this role, you’ll make an impact in the following ways: 

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 on-boarding.
  • 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. 

To be successful in this role, we’re seeking the following: 

  • Bachelor's degree in Human Resources, Business, Finance, or other related areas preferred.
  • 2-3 years of Vendor management with 1 year of relevant 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 problem-solving skills are essential.
  • Strong organizational skills and ability to multi-task.
  • 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 can-do flexible attitude is a must.

At BNY, our culture speaks for itself. Here’s a few of our awards: 

  • America’s Most Innovative Companies, Fortune, 2024
  • World’s Most Admired Companies, Fortune 2024
  • Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
  • Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
  • “Most Just Companies”, Just Capital and CNBC, 2024
  • Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
  • Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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