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Strategic Incentives Group - Benefits, AVP

Blackstone

Blackstone

Accounting & Finance
New York, NY, USA
Posted on Friday, February 9, 2024

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Job Description:

Blackstone is seeking a highly motivated and detail-oriented AVP to join our Strategic Incentives Group. As an AVP, you will play a critical role in managing and administering employee benefits programs, ensuring compliance with regulatory requirements, and providing exceptional service to our employees. This is an excellent opportunity for a skilled professional with a strong background in benefits administration and a passion for delivering high-quality employee benefits programs.

Responsibilities:

  • Administer and manage employee benefits programs, including health insurance, retirement plans, leaves, wellness programs, and other employee benefits offerings.

  • Ensure accurate and timely processing of benefits enrollments, changes, and terminations, collaborating with internal stakeholders and external vendors as necessary.

  • Reconciliation of accounts and understanding of accounting /IRS rules.

  • Serve as the primary point of contact for employee inquiries related to benefits programs, providing prompt and accurate responses, communication, and resolution in a timely manner.

  • Review files and correct errors to make sure our plans operate accurately and efficiently.

  • Conduct regular audits and reviews of benefits data to ensure data integrity and compliance with regulatory requirements.

  • Collaborate with external vendors to develop and implement effective business process to create efficiency in administering our benefits programs.

  • Stay current with industry trends, regulatory changes, and best practices in benefits administration, making recommendations for process improvements and enhancements to the benefits programs.

  • Assist with the preparation of benefits-related reports, presentations, and communications for management and other stakeholders.

  • Participate in benefits-related projects, such as system implementations, process improvements, and vendor evaluations, providing subject matter expertise and support as needed.

  • Maintain confidentiality of employee information and ensure compliance with privacy regulations.

Qualifications:

  • Bachelor's degree in Human Resources, Business Administration, or a related field.

  • 5+ years of experience in benefits administration, preferably in a large corporate environment or financial services industry.

  • Strong knowledge of employee benefits programs, including health insurance, retirement plans, wellness programs, and regulatory requirements (e.g., ERISA, ACA).

  • Experience working with benefits vendors, such as insurance carriers, disability vendors, 401k plan administrators, and wellness program providers.

  • Excellent attention to detail and accuracy in benefits data management and administration.

  • Strong analytical and problem-solving skills, with the ability to analyze benefits data, identify trends, and recommend solutions.

  • Exceptional customer service skills with the ability to effectively communicate complex benefits information to employees at all levels.

  • Proficient in HRIS systems, Ceridian, and Microsoft Office Suite (Excel, Word, PowerPoint).

  • Ability to handle sensitive and confidential information with discretion and professionalism.

  • Strong organizational and time management skills, with the ability to prioritize and manage multiple tasks simultaneously.


The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$110,000 - $160,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

  • Attending client meetings where you are discussing Blackstone products and/or and client questions;

  • Marketing Blackstone funds to new or existing clients;

  • Supervising or training securities licensed employees;

  • Structuring or creating Blackstone funds/products; and

  • Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.