Compensation and Benefits Analyst

Compensation and Benefits Analyst

Requirements

• Knowledge of local, state, and federal human resources and employment regulations, including benefits administration.
• Knowledge of federal and state labor laws, insurance practices and procedures, and Worker’s Compensation State laws.
• Knowledge of major functions of compensation administration, including the principles and practices of position classification, job evaluations, performance evaluation, and compensation/salary administration.
• Knowledge of compensation-related quantitative concepts.
• Knowledge of Wellby’s organizational functions and general operating policies and procedures.
• Knowledge of general office practices and procedures, business English, spelling, punctuation, and arithmetic.
• Knowledge of personnel law, with an in-depth understanding of the laws governing the areas of employee benefits, compensation, and wage issues, including applicable federal and state laws and regulations governing the provision of company benefits (i.e., 401K plan, Cobra, ERISA).
• Knowledge of Equal Employment Opportunity Laws, Fair Labor Standards Act, Civil Rights Act of 1964, ERISA, and employment practices and procedures.
• Knowledge of health care and retirement benefits plans, eligibility requirements, cost enrollment, billing procedures, and benefits administration.
• Knowledge of personal computers and proficiency utilizing Microsoft Office Suite products or related software.
• Skilled in analyzing, comparing, and evaluating compensation and benefit plans.
• Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding devices.
• Skilled in data organization and implementation into readable formats, spreadsheets, and HRIS systems.
• Skilled in effective verbal and written communication to prepare and conduct presentations, training seminars, and workshops.
• Skilled in above-average analytical and reasoning abilities.
• Ability to establish and maintain effective working relationships with coworkers, vendors, consultants, contractors, and local, state, and federal agencies.
• Ability to communicate information and ideas so others will understand. Must be able to exchange accurate information in these situations.
• Ability to communicate clearly and concisely, orally and in writing.
• Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, deal effectively with the public and establish and maintain effective working relationships with other team members.
• Ability to provide excellent time management skills with a proven ability to meet deadlines.
• Ability to provide strong analytical and problem-solving skills.
• Ability to coordinate several concurrent activities simultaneously.
• Ability to exercise independent judgment.

Responsibilities

• Conducts job evaluations, market pricing, and salary benchmarking to ensure competitive pay structures.
• Assists in the development and administration of salary structures, pay grades, and incentive programs.
• Reviews and processes salary adjustments, promotions, and job reclassifications based on internal policies and external market trends.
• Collaborates with HR and leadership to ensure fair and equitable compensation practices.
• Prepare and calculate quotes.
• Supports annual merit increase and bonus program administration.
• Manages team member benefits programs, including health, dental, vision, retirement, disability, and wellness initiatives.
• Coordinates annual open enrollment and communicates benefit changes to team members.
• Serves as the primary contact for team members regarding benefits inquiries, claim issues, and policy interpretation.
• Ensures compliance with all applicable laws, such as ERISA, ACA, COBRA, FMLA, and HIPAA.
• Partners with benefits vendors and brokers to optimize plan offerings and cost-efficiency.
• Responsible for administering tuition reimbursement program.
• Responsible for administering the wellness program and quarterly lunch & learns with different benefit vendors.
• Review and respond to unemployment wage verification with appropriate documentation. Review monthly unemployment wage statements.
• Coordinate workers’ compensation claims with third-party administrators. Follow up on claims.
• Plans, conducts and reports results of audits to ensure all enrollments are accurate and that dependent information is correct for each team member. Works closely with accounting for quarterly and year-end audits (Worker’s Compensation, 401(k), etc.).
• Conducts benefit presentations for new-hire orientations.
• Processes and administers all leave-of-absences requests and disability paperwork: medical, personal, disability and FMLA.
• Prepares compensation and benefits reports, analyzing trends and making data-driven recommendations.
• Collects and compiles key HR metrics and data from a variety of sources, including human resource information systems (HRIS) and payroll outputs, benefits enrollment records, management and team member surveys, exit interviews, personnel records, government labor statistics, competitors’ practices, and other sources.
• Ensures compliance with labor laws, internal policies, and audit requirements.
• Supports HRIS implementation and enhancements related to compensation and benefits.
• Conducts training sessions on compensation and benefits programs for team members and managers.
• Assists with team member engagement initiatives related to total rewards.
• Provide excellent customer service to team members regarding pay, benefits, and related HR matters.
• Performs other related duties as assigned.

Preferred Qualifications

• Professional in Human Resources (“PHR”) or Society of Human Resources Management Certified Professional (“SHRM-CP”) credentials preferred.