Group Employee Benefits Analyst (Durban North) at Aspen Pharma Group

Description

• Reporting to the Group Head: Strategic Oversight, the incumbent will be responsible for managing and administrating Aspen’s employee benefits and retirement programs. Provide insights and recommendations for effectively management of employee benefits, through analysis and interpretation of human resources information, payroll data and external benchmark data. 

KEY RESPONSIBILITIES: 

Strategy support and deployment: 

• Engage cross functionally within the Human Capital disciplines and other relevant key stakeholder groups to develop the required analytics in understanding key opportunities, trends and data points that will allow enhancement of the benefits philosophy, frameworks and reporting tools.
• Be a trusted advisor to the Group Head: Strategic Oversight and Human Capital functional areas and key stakeholders on matters that relate to employee benefits.
• Evaluate and recommend changes to increase the effectiveness, alignment and competitive positioning of the Group’s benefits practices.

Benchmarking:

• Benchmarking and working with service providers to obtain market data to inform benefits considerations, strategies and principles.
• Benchmarking of Aspen employee benefits by grade, occupational function in-country and on a comparative level between countries.
• Provide input into the global benefits philosophy and framework by possessing a thorough understanding of the current and future state of benefits structure across the organisation.
• Benchmarking best practice as accessed from SA and international company published employee benefits reports
• Monitor and evaluate the company’s benefits programs, to ensure they are globally aligned, locally relevant, cost-effective, flexible, consistently applied, and do not expose the company to undue risks

Legislation:

• Ensure compliance of employee benefits in-country.

Policy & Compliance:

• Support Benefits Policy formulation and maintenance to ensure current benefits practice is recorded.
• Manage and report on compliance to the Benefits Policy and provide input and corrective measures as may be needed.

Pension Fund and Medical Aid Fund:

• Where required, participate in Aspen Pharmacare Provident Fund and Medical aid related meetings and keep abreast with best practices in this field.
• Ensure that all Business Units are managing disability cases consistently and timeously.

Induction:

• Present Benefits information at new employees induction.

Reporting:

• Present Benefits information at new employees induction.

Administration:

• Assists employees regarding benefits claim issues and plan changes.
• Distributes all benefits enrollment materials and determines eligibility.
• Responds to benefits inquiries from managers and employees on plan provisions, benefits enrollments, status changes and other general inquiries.
• Provide the necessary reports to management.
• Ensure OneAspenOnline remains up to date with the latest approved documentation.

Requirements
Educational Qualifications & Experience:

Education:

• Relevant diploma or degree.
• Registered member of the South African Rewards Association or equivalent relevant body.

Experience:

• Sound Retirement Funds and Medical Aid Funds experience (serving on Board of Trustees preferable) for a minimum of 3 - 5 years
• Data analysis critical to understand adherence to policy.
• Global exposure to different benefits remuneration structures and statutory legislative requirements across various geographies.
• International benefits experience preferred
• Strong project management and systems experience. Strong SOP and Guideline skills.
• Demonstrable research and analytical ability and interpretation of information.

Technical competencies & skills:

Skills and attributes:

• Effective planning, organising and co-ordinating
• Excellent analytical skills
• Highly numerate
• Strong capabilities in logical reasoning
• Ability to communicate effectively
• Comprehend, interpret and apply policies
• Strong attention to detail
• Ability to think strategically and innovatively around benefits.

Knowledge

• Advanced MS Excel, PowerPoint and reporting skills
• A solid understanding of local and an awareness of global regulatory benefits frameworks, legislation and best practice standards.
• Deep knowledge of Medical Aid Fund Rules