The Company: Founded over 100 years ago by one of history's great philanthropists, Andrew Carnegie, TIAA is a Fortune 100 financial services company and the market-leading retirement system for individuals who work in the academic, research, medical and cultural fields. The organization is the category leader with approximately five million active and retired employees of more than 15,000 institutions. The Company's mission and unique position create a competitive advantage in the market. The organization is headquartered in New York City with major operations in Charlotte, North Carolina and Denver, Colorado, as well as some 141 local offices nationwide. TIAA has 233 offices in 24 countries and employs over 16,000 employees. TIAA's retirement plans provide participating institutions and individuals with a range of options to help meet their retirement plan administration and savings goals as well as income and wealth protection needs. They include variable annuities, mutual funds, tax-deferred and after-tax annuities, IRAs, and brokerage accounts. The firm provides quality investment management with 98% of the company's mutual funds and annuity accounts receiving an overall Morningstar rating of three or more stars across all asset classes. 64% received a rating of four or five stars. For more details about the organization's products and services, visit: www.tiaa.org. TIAA offers solutions that provide lifetime financial security, consistent with their mission-based, not-for-profit heritage. TIAA's vision is to be the #1 provider of lifetime financial security. The company also offers an array of individual financial products and services to the general public. In recent years, the organization has undergone transformational changes. Today TIAA is making exceptional progress as it continues to execute against strategies developed to enhance growth, service, and overall performance all for the benefit of the company's participants. While staying true to its mission of serving those who serve others, virtually every aspect of the organization has undergone an upgrade and modernization. In addition to major changes in personnel and infrastructure including technology, risk management and the operating platform, enormous progress has been made in expanding product and service offerings, emphasizing and improving client service, developing new marketing and advertising campaigns to increase brand awareness, and generally altering the culture of the organization to an outward, market-focused, continuous improvement, constant state-of-readiness environment. TIAA was relatively inactive in M&A until the past few years, before the acquisition of Nuveen Investments in 2014, and other smaller transactions that have introduced more multinational operations. Nuveen Investments ("Nuveen") is a diversified investment management company with $1.1 trillion in assets under management and 3,000 employees. The acquisition further strengthened TIAA as a leading provider of retirement and financial services and significantly expands the products and services available to help customers achieve financial well-being at all stages of their lives. As the company works to fulfill its mission and achieve its vision in the 21st century, organization introduced its long-term vision and strategy, "Be the change by delivering lifetime income for all with investments that build a better world" to continue the progress the company has made with expanding its services to the broader market. From 2016 to 2020 TIAA was named the "Best Mixed Assets Large Fund Company" by Lipper as part of their U.S Lipper Fund Awards. TIAA is also the #1 manager of farmland assets and among the top five largest commercial real estate managers in the world. About TIAA Global Capabilities: TIAA Global Capabilities is fully owned subsidiary of TIAA and was established in 2016 in Mumbai. The professionals at TIAA Global Capabilities (India) deliver innovation, value, and service to help meet the evolving needs of TIAA - the US parent company. Currently the organization has around 3,500+ employees across two offices in Mumbai and Pune. While the organization was initially established to leverage technology and operations talent in India, we now work with business groups that include Client Services & Technology, Nuveen, Finance, HR, Audit, Legal, Risk and Compliance. Over the past few years, TIAA GC has won several industry accolades such as: - Great Place to Work (GPTW), 3 years in a row (2021 - 2024) - GPTW - Best Companies to Work For 2023 and 2024, Top 100 - GPTW - Best Workplaces in IT & IT-BPM 2023 - GPTW - Best Workplaces in Diversity, Equity, Inclusion & Belonging 2023 - GPTW - Best Workplaces for Women 2023 - GPTW - Best Workplaces in Health & Wellness 2023 - Accredited for Inclusive Practices (June 2023 - June 2024) - Avtar & Seramount - Most Inclusive Companies Index 2023 - Avtar & Seramount - 100 Best Companies for Women 2023 - India Workplace Equality Index 2023 Key Relationships: Reports to: - Sr. Managing Director, CHRO India Other key relationships: - TIAA Global Capabilities Leadership Team - HR and Global HR Shared Services Team Other internal and external stakeholders as required: Role Summary: Description: The HR Benefits Lead Role, India is responsible for the development and delivery of the Benefits, Wellbeing and pension strategy. This job manages experienced professionals and ensures that the benefits strategy is market competitive and regulatory compliant, meets the business' evolving requirements, and supports the organization's employee value proposition. Alongside implementing the benefits policies within an organization, ensuring that these programs support the business objectives and meet all legal requirements is a vital part of the role. Key Responsibilities and Duties - Contributes to the development and maintenance of the benefit, wellbeing and pension strategy for the country. - Manages benefits communication strategy and maintains a constant visibility of the organization's benefits offerings for employees. - Manages relationships with Vendor, brokers and benefit providers, and is responsible for the renewal of all benefit provisions. - Responsible for design and implementation of various initiatives and programs under the scope of Health, Safety and Wellbeing including related partnerships that enable physical and mental wellness of our employees and their families (e.g., EAP, on-site medical assistance, creche and maternity benefits, etc. - Work in close partnership with payroll and benefits administration team to ensure the accurate and efficient delivery of the benefits administration, and with the payroll teams to ensure correct processing of benefits including any tax related matters. - Engages with external consultants as required to analyze market trends to determine statutory requirements, market benefit levels and market trends. - Develop and implement communication strategies to ensure that employees understand and value the organization's Benefits program - Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional services and engagement, motivation and development of team. Educational Requirements: - Postgraduate with specialization in HR (preferably from a premier business school) Work Experience: - 15-18 years of experience, with 10+ years in Compensation and Benefits area Interactions / Interpersonal Skills: - Strong analytical skills and data management capabilities - Requires a proven track record of in-depth management, leadership, technical and communication skills as well as extensive experience in building and maintaining relationships. - Able to manage diverse staff, developing and implementing strategies to motivate personnel and build a strong cohesive team; must be able to develop individual and team objectives and measure performance accordingly. - Stakeholder management, influencing and teamwork skills. - Self-starter, self-directed, self-motivated with the ability to multi-task without missing deadlines - Flexible and willingness to take on additional or changing responsibilities as the function grows or changes. - Demonstrated effectiveness in the design and delivery of reward programs. - Proficiency in Microsoft Office (Advanced Excel) - extremely hands-on - Working knowledge of Workday will be an advantage.

Mumbai

Pune

TIAA - Associate Director - Benefits 

Job Description for TIAA - Associate Director - Benefits  in TIAA GLOBAL CAPABILITIES PRIVATE LIMITED in  Mumbai Pune for (15-18) years of experience. Apply Now!