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MUFG

Global bank offering diversified financial services

Assistant Vice President Benefits Administration - Global Human Resources

Compensation & BenefitsConfirmed live in the last 24 hours
Full-timeBengaluru, Karnataka, IndiaNo salary listedIn-person

About the Job

Requirements

  • An undergraduate degree or equivalent work experience.
  • Experience administering employee benefits, including health and wellness, retirement, or leave administration, in financial services or another highly regulated industry.
  • Familiarity with regulatory requirements including ERISA, Section 125, Department of Labor regulations, commuter benefits, health savings accounts, plan document and summary plan description administration, flexible spending accounts, and COBRA.
  • Familiarity with benefits offerings, terminology, and tools.
  • Advanced knowledge of benefits principles and practices, program competitiveness, market comparisons, and benefits-data analysis and reporting.
  • Advanced knowledge of regulatory compliance and legal requirements for benefits programs and structures.
  • Customer service skills and the ability to analyze issues received through multiple channels.
  • Experience with human resources information systems and benefits-related technology, including third-party reporting requirements.
  • Advanced proficiency with Microsoft Excel and Word.
  • Proficiency in gathering and collating benefits-related market and competitive intelligence.
  • Ability to interpret and analyze benefits market data for comparable worth, benchmarking, internal alignment, and external competitiveness.
  • Understanding of retirement planning and benefits, including pension plans, savings plans, disability insurance, employee assistance programs, flexible schedules, and health and financial wellness programs.
  • Experience implementing and tracking benefits metrics and benchmarks.
  • Basic accounting and financial knowledge, including familiarity with benefit-plan financial statement audits.
  • Effective communication, analytical and critical thinking, decision-making, collaboration, prioritization, judgment, continuous improvement, technology use, industry trends, and best practices.
  • Integrity and an inclusive, flexible, resilient approach to working with others.

Responsibilities

  • Support oversight and administration of cost-effective benefits programs, including retirement, health and wellness, and leave programs, by responding to employee inquiries, supporting vendor relationships and third-party management programs, monitoring regulatory compliance and required communications, and managing low- to moderate-complexity projects.
  • Provide guidance to managers, human resources business partners, and employees on benefits questions, issues, and claims.
  • Resolve participant inquiries and escalated benefits issues through independent analysis of plan provisions and applicable laws, escalating as appropriate.
  • Develop and implement project plans and timelines for annual enrollment and other low- to moderate-complexity projects.
  • Identify internal and cross-functional process-improvement opportunities and recommend solutions.
  • Serve as a point of contact for vendors and internal vendor-management partners.
  • Stay current with industry best practices.

About the Company

MUFG

Global bank offering diversified financial services

MUFG is a major global financial group that provides a wide range of banking and financial services, including commercial and trust banking, securities, credit cards, and asset management. Its products are delivered through a network of domestic and international banks, digital platforms, and financial advisers, offering loans, deposits, payments, investment services, and asset management. MUFG stands out due to its size and scale as one of the world’s largest financial groups, its diversified offerings across banking and securities, and its strong international presence (notably expanding in the U.S. after investing in Morgan Stanley in 2008). Its goal is to support economic growth worldwide by expanding its global footprint and promoting sustainable finance.

Company size
10,001+
Company stage
IPO
Headquarters
Tokyo, Japan
Founded
2006

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