Associate, Benefits Administration- Vendor Management I

4 weeks ago

Chennai, India THE BANK OF NEW YORK MELLON CORPORATION Full time

Job Summary – Vendor Management Team 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 – %

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 – %

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. - years of Vendor management with 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.

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