Compensation and Benefits Anaylst

Compensation And Benefits Analyst

The Compensation and Benefits Analyst works under the supervision of the Director, Human Resources. The Analyst is responsible for daily administration and support of the company's compensation and benefits program. The Analyst works closely with Director, Human Resources to assist in developing, recommending and implementing approved, new, and modified benefit plans. This role involves analyzing market data, evaluating job roles, ensuring internal equity, and maintaining compliance with legal standards. The Analyst collaborates with HR and Finance teams to provide insights into and recommendations that enhance employee satisfaction and organizational effectiveness.

Primary Job Duties

The primary job duties include:

• Conduct salary benchmarking and market analysis to support compensation decisions.
• Evaluate job descriptions and classification to ensure appropriate compensation levels.
• Monitor compliance with federal, state and local compensation and benefits regulations.
• Prepare reports and dashboards to track compensation trends and benefits utilization.
• Ensures accuracy of benefits enrollments and payroll deductions. Collaborates with HRIS Analyst to ensure compensation and benefits accuracy. Resolve issues with benefit vendors, perform monthly audits to ensure billing accuracy and resolve any discrepancies.
• Assist employees with compensation and benefits questions, enrollment and qualified life events.
• Serves as primary HR support contact for one company, managing routine HR functions and ensuring alignment with company policies.

Additional responsibilities include:

• Assisting employees regarding compensation questions.
• Ensures compliance with compensation guidelines, pay equity, FLSA classifications.
• Evaluate job description and classification to ensure appropriate compensation levels.
• Conduct analysis of internal compensation data and external market benchmarks to inform salary structures and evaluate job offers that fall outside standard recruitment parameters.
• Participates in total rewards surveys and interprets results for strategic use.
• Ensure compliance with compensation-related regulations.
• Prepares compensation reports, dashboards and metrics for HR and leadership.
• Assisting employees regarding benefits claims issues and plan changes.
• Processes and administrators leave and absence requests including Family Leave Act (FMLA), Americans with Disabilities Act (ADA), disability leaves and other applicable leave absences.
• Responsible for Affordable Care Act (ACA) compliance.
• Supports the open enrollment processes by assisting with system configuration, testing, and validation.
• Perform monthly reconciliation of benefit invoices compared to payroll deductions and resolve any discrepancies.
• Primary point of contact for workers' compensation claims. Responsible for timely entry into Workers Compensation portal, assistant employees with questions and applicable work-related accommodations.
• Administers the tuition reimbursement program.
• Routinely communicates with employees regarding 401K eligibility, benefit offers, addresses any employee inquiries relating to enrollments, plan changes, and contribution amounts.
• Perform the annual 401K compliance testing and audit.
• Responsible for articles for Safety and Wellness communication.
• Responsible for all workers' compensation claims for the agency.
• Leads the company Safety Committee.
• Acts as liaison between the agency, insurance carrier, and the occupational health facility, which is handling the agency's claims.
• Produces monthly reports for leadership.

The Analyst also demonstrates productivity, safety, attendance, punctuality, teamwork, mission and values, and confidentiality.

Job Specifications

The job specifications include:

• Education: Bachelor's degree in Human Resources, Business Administration or 3 years of equivalent related experience required.
• Licensure / Certification: Human Resources certification preferred
• Experience: 3 years' experience in compensation and benefit analysis
• Essential Technical Skills: Strong analytical skills and proficiency in Excel, and HRIS system. Workday experience preferred. Familiarity with compensation surveys, job evaluation methods and benefits administration. Knowledge of relevant laws such as FLSA, ACA, ERISA, HIPAA and Cobra.
• Interpersonal Skills: Excellent communication, problem solving, and organizational skills.
• Essential Physical Requirements: Varied periods of sitting or standing, walking, lifting up to 25lbs, carrying files, reaching, stooping, long periods of data entry.
• Essential Mental Requirements: Ability to concentrate with frequent interruption, handle pressure of deadlines, good judgment and problem-solving skills, ability to follow procedures, ability to work independently. Excellent time management skills with a proven ability to meet deadlines.
• Essential sensory requirements: Visual acuity, touch, hearing.
• Exposure to Hazards: Office environment, toner for office machines, pitch of printers and computers.
• Other Hours of Work: Minimum 40 hours week, 8:00 am 5:00 pm, Monday through Friday. Extended work hours may be required during peak workloads or increase in volume. Some travel may be required for this position.