Compensation and Benefits Analyst

Job Description

Job Description

Description :

The Compensation and Benefits Analyst is responsible for evaluating the integrity, accuracy, and compliance of the organization’s compensation and benefits programs. This role conducts audits for compensation structures, and benefit reconciliations to ensure alignment with internal policies and regulatory standards. The position plays a key role in identifying risks, ensuring compliance, and recommending improvements across compensation and benefits processes.

RESPONSIBILITIES

• Conduct compensation benchmarking, job evaluations, and salary surveys to support competitive compensation structures.
• Assist in the development and maintenance of salary ranges and incentive programs.
• Support the administration of employee benefits programs including health insurance, retirement plans, wellness initiatives, and leave programs.
• Perform benefit reconciliation audits to ensure accurate enrollment, deductions, and vendor billing across health, retirement, and wellness programs.
• Generate compensation and benefits reports and provide data analysis to support HR decisions.
• Collaborate with HR, finance, and department leaders to support workforce planning and budgeting.
• Ensure compliance with federal, state, and local laws and regulations affecting compensation and benefits.
• Assist in the communication and education of employees regarding total rewards programs.
• Partner with external vendors, and consultants as needed
• Identify discrepancies, control weaknesses, or non-compliance issues and recommend corrective actions for benefits.
• Collaborate with HR, Finance, and Legal teams to ensure compensation and benefits practices are transparent, equitable, and legally compliant.
• Prepare detailed audit reports for compensation and benefits programs and present findings.
• Monitor changes in compensation and benefits regulations and assess their impact on internal policies.
• Coordinate and support internal and external audits of retirement plans (e.g., 401(k), pension plans), ensuring accurate and timely data submission.
• Ensure retirement plan compliance with ERISA, IRS, and DOL regulations; monitor plan operations and recommend corrective actions when needed.
• Review and execute short-term incentive (STI) plans to assess effectiveness, participation, and alignment with business objectives.
• Review of annual merit increases, to highlight findings and recommend improvements.
• Perform additional duties as required.

Requirements : QUALIFICATIONS