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Senior Compensation & Benefits Specialist
Warsaw, Mazowieckie, Poland, Sofia City, Bulgaria
HybridPeopleJob 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).
Process Design & Governance:
- Create, document, and maintain end-to-end benefits processes across all regions.
- Introduce standardization, controls, and efficiencies in benefits operations.
- Automates benefits-related processes.
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.