Apac benefits analyst
1 day ago
APAC Benefits Analyst Job Description
APAC Benefits AnalystSingapore
At abrdn, we empower our clients to plan, save and invest for their futures. Through the expertise, insight and innovation of our team, we aim to help clients create more ways for money to make an impact. We set our sights on giving them more confidence to achieve their goals, and more clarity about what they need next. And we focus on delivering outcomes that are more than just financial - by investing sustainably to build a better world.
About the department
abrdn's Human Resources function is globally led by Tracey Hahn, our Chief People Officer (CPO) and has a vision that positions our Culture and Talent as a market differentiator. The HR function has a lead role to play in making our brand meaningful for colleagues. This encompasses creating the right culture, development opportunities, remuneration principles and organisational structures to attract, reward, retain, develop and successfully deploy a high-calibre, impactful, diverse and inclusive workforce.
About the role
Reporting to the Senior Manager Global Benefits, the APAC Benefits Analyst will be crucial in managing and administering colleague benefits programs across the Asia Pacific region. They will support benefits renewals, implementation, vendor management, cost analysis, and payroll data preparation. They will use Data & Analytics as well as Business and HR insight to help inform our benefits strategy and collaborate across HR and the business to implement change successfully.
Responsibilities
Benefits Administration
Support the Benefits Manager during the annual benefits renewal process for all APAC countries
Benefits operations including updating of census data as well as enrolment and termination of employees in benefits programs, not excluding pension
Submission of government paid leave reimbursement or other type of training related subsidies that only can be done locally
Implement new benefits programs and changes to existing plans
Ensure compliance with local regulations and company policies, including updating of internal policies and procedures
Prepare and process benefits-related invoices and purchase orders
Handle legal paperwork associated with benefits programs
Support the due diligence risk management procedures for all vendor relationships
Maintain and update benefits renewal calendar, procedures manual and country benefit summaries within the region
Stakeholder Management
Serve as the primary point of contact for benefits vendors within APAC
Negotiate contracts and manage relationships with insurance providers and other benefits partners
Conduct regular performance reviews of vendors and recommend improvements
Serve as SME for any benefits including Shareplan related questions for internal and external stakeholders
Financial / Payroll Management
Perform cost analysis of benefits programs
Identify cost-saving opportunities while maintaining competitive benefits packages
Prepare monthly benefits payroll data for each country in the region for accurate processing
Directors reporting, including preparation of annual report statement of share related remuneration
Benefits Systems, Reporting and Analysis
Generate regular reports on benefits utilization, costs, and trends
Analyse data to provide insights for decision-making and strategy development
Prepare presentations for management on benefits-related topics
Own the benefits portals and vendor systems within the region
Colleague Support
Support the resolution of colleague Workday Help queries as the specialist on benefits programmes in the region
Develop and maintain benefits communication materials
Assist with benefits-related colleague education and engagement initiatives
Skills and Experience
3-5 years of experience in administration/coordination, project management and delivery of colleague benefits, preferably in financial services or investment management
Knowledge of one local APAC language (Mandarin, Malay or Thai)
Keep abreast of statutory and market changes within the APAC benefits sphere
Excellent analytical and problem-solving skills
Proficiency in Microsoft Office suite, particularly Excel
Detail-oriented with strong organizational skills and strong delivery focus
Excellent communication skills, both written and verbal. Ability to work with confidential information with discretion.
Adaptable and able to manage multiple priorities in a fast-paced environment
Customer-service-oriented with a proactive approach to problem-solving
We're committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense - this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.
If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist.
Job ID R0072731
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