Benefits Specialist/Associate

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

As the Benefits Specialist/Associate, you will interpret, administer and provide support to employees on employee benefits plans in accordance with plan documents and policies. Audits system processes, analyzes errors and implements corrections and improvements. Assist in all areas of vendor management in line with regional and group requirements. Work with employee benefit plan providers and vendors to implement best practice administration processes. Acts as subject matter expert and support for problem resolution for employees and business partners.

Here's what you can expect day-to-day

As the Benefits Specialist/Associate, you will:
  • Manage special projects and/or assignments within the department in relation to benefit programs and processes. Oversee personnel and/or vendors working on those projects to ensure deadlines and project objectives are met.
  • Independently interpret, administer and provide support to employees on specific employee benefits plans in accordance with plan documents and policies.
  • Act as intermediary with benefits providers and employees in resolving issues. Provide guidance to business partners on employee benefit plan policy and program interpretation.
  • Provide support to employees on employee benefits plans in accordance with plan documents and policies. Handle elevated benefit issues that cannot be resolved by call center personnel.
  • Interpret, administer and provide support to employees on specific employee benefits plans in accordance with plan documents and policies.
  • Assist in preparation of financial and usage reports for management and program use.
  • Prepare and analyze financial and usage reports for specific benefits plans such as census reports, valuation data, trends, and expenses.
  • Audit system processes, analyze errors and implement corrections and improvements.
  • Complete other responsibilities, as assigned.
  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues
  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.


Qualifications

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions
  • Five years proven human resources and/or benefits administration experience
  • Payroll experience a plus
  • Bachelor's degree in human resources, business related field or equivalent experience
  • Advanced Excel skills required - must be able to perform VLOOKUPs and use pivot tables
  • Experience as a customer facing Benefits Associate, well-developed customer service, orginazational, interpersonal and verbal and written communication skills
  • Experience managing vendor relationships
  • Experience with systems such as Vanguard, Alight and SAP SuccessFactors a plus

A glimpse into our culture:

We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank for the future.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub and paid time-off to volunteer. We work hard to ensure that our workplace is a diverse, inclusive environment with a strong dedication to sustainability. Our Employee Resource Groups play a central part in life at HSBC, including the development of our employees and our connection to the communities and customers we serve.

About Us
Our purpose - Opening up a world of opportunity - explains why we exist. We're here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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