Senior Compensation & Benefits Specialist

Job description

We are a leading trading platform that is ambitiously expanding to the four corners of the globe. Our top-rated products have won prestigious industry awards for their cutting-edge technology and seamless client experience. We deliver only the best, so we are always in search of the best people to join our ever-growing talented team. The Senior Compensation & Benefits Specialist will lead the operational management of our global employee benefits portfolio. This role is responsible for ensuring benefits are competitive, cost-effective, compliant, and aligned with our Total Rewards strategy. The specialist will oversee benefits administration, vendor management, budgeting, benefit launches in new locations, automating benefits-related processes and continuous process improvement. ### Key Responsibilities: Budgeting, Cost Control & Benefits Portfolio Management - Own annual & quarterly benefits budgeting, cost planning, forecasting, and ongoing cost control. - Analyze utilization, trends, and vendor reports to identify optimization opportunities. - Support Finance with accurate accruals, reconciliations, and financial reporting. ### Vendor Management & Renewals: - Lead vendor relationships and service quality oversight across all benefit programs. - Manage renewal cycles: negotiations, pricing reviews, and contractual updates, conduct RFPs, evaluate new vendors, and manage transitions when changing providers. - Ensure vendors meet SLAs, compliance obligations, and expected service standards. ### Benefits Implementation in New Locations: - Lead benefit setup in new countries: research, design, benchmarking, legal compliance, and roll-out. - Select and negotiate with new benefit providers in emerging markets. - Partner with Legal, Finance, and HR to ensure a smooth implementation and communication plan. ### Market Benchmarking, Analytics & Strategy: - Conduct ongoing benchmarking to ensure benefits competitiveness in all operating regions. - Analyze market data, employee feedback, and usage patterns to recommend design changes. - Support the evolution of the benefits strategy with data-driven recommendations. ### Benefits Administration: - Serve as escalation point for complex employee benefit issues, exceptions, and claim challenges. - Oversee compliance with statutory benefits requirements (e.g., pensions, local reporting). ### Requirements: - 5+ years in benefits or Total Rewards roles in multinational organizations. - Expertise in benefits administration, compliance, and statutory reporting. - Experience setting up benefits in new markets and managing transitions between vendors. Background in benefits benchmarking, analytics, and strategic recommendation. - Ability to manage complex, cross-regional benefits topics with attention to detail. - Strong project management skills. - Comfortable working in a fast-changing, international environment.