FDM is a global business and technology consultancy seeking a Benefits Analyst to work for our client within the financial services sector. This is initially a 12-month contract with the potential to extend and will be a hybrid role based in Northampton. Our client is looking for an experienced Benefits Analyst to work within the Procurement function of the organisation. You will be responsible for evaluating, sourcing, negotiating, and managing employee benefits programs in collaboration with Human Resources and external vendors. This unique role sits at the intersection of procurement and HR, ensuring cost-effective, compliant, and employee-centric benefits solutions. You’ll support the full lifecycle of benefits procurement, ranging from market analysis and vendor selection to contract management and performance monitoring.
Responsibilities
1. Lead the sourcing of the employee benefits programmes
2. Conduct market analysis ensuring benefit solutions identified are competitive and innovative
3. Manage and develop the vendor selection process, evaluating proposals based on various factors
4. Mitigate risks by negotiating terms with vendors while working with the legal team to manage contracts
5. Collaborate with HR, communicating benefits changes ensuring appropriate strategy is in place
6. Ensure external and internal regulatory policies are followed accordingly
7. Monitor vendor performance against KPIs while regularly providing reports
8. Identify opportunities for continuous improvement optimising the benefits program process, enhancing employee engagement