Benefits Analyst

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

• Lead the sourcing of the employee benefits programmes
• Conduct market analysis ensuring benefit solutions identified are competitive and innovative
• Manage and develop the vendor selection process, evaluating proposals based on various factors
• Mitigate risks by negotiating terms with vendors while working with the legal team to manage contracts
• Collaborate with HR, communicating benefits changes ensuring appropriate strategy is in place
• Ensure external and internal regulatory policies are followed accordingly
• Monitor vendor performance against KPIs while regularly providing reports
• Identify opportunities for continuous improvement optimising the benefits program process, enhancing employee engagement

Requirements

• Minimum of 3 years’ experience in a procurement, benefits administration, or related analytical role, preferably in a financial services environment
• Benefits/pension experience
• Advanced user of Workday and Microsoft applications
• Ability to quickly understand complex processes with exposure to testing methodology
• Experienced in providing operational support with testing and reporting test results
• Strong analytical skills and data management
• Strong problem-solving and project management skills
• Able to collaborate with relevant stakeholders and interpret policy to identify a solution to complex queries
• Strong communication skills, with the ability to communicate to people at all levels both written and verbal

Why join us

• Career coaching, mentoring and access to upskilling throughout your entire FDM career
• Assignments with global companies and opportunities to work abroad
• Opportunity to re-skill and up-skill into new areas, develop non-linear career paths and build a skillset within your field
• Annual leave and work-place pension

About FDM

We are a business and technology consultancy and one of the UK's leading employers, recruiting the brightest talent to become the innovators of tomorrow. We have centres across Europe, North America and Asia-Pacific, and a global workforce of over 2,500 Employees. FDM has shown exponential growth throughout the years, firmly establishing itself as an award-winning employer and is listed on the FTSE4Good Index.

Diversity and Inclusion

FDM Group is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, national origin, age, disability, veteran status or any other status protected by federal, provincial or local laws.