Compensation & Benefits Analyst Job Description
Compensation & Benefits Analyst Duties & Responsibilities
To write an effective compensation & benefits analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included compensation & benefits analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Compensation & Benefits Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compensation & Benefits Analyst
List any licenses or certifications required by the position: CCP, CEBS, SPHR, HR, PHR, SHRM, TR, CBP, PMI, CP
Education for Compensation & Benefits Analyst
Typically a job would require a certain level of education.
Employers hiring for the compensation & benefits analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Accounting, Economics, Management, Human Resources Management, Administration
Skills for Compensation & Benefits Analyst
Desired skills for compensation & benefits analyst include:
Desired experience for compensation & benefits analyst includes:
Compensation & Benefits Analyst Examples
Compensation & Benefits Analyst Job Description
- Works with external consultants on issues such as income sourcing for mobile employees, tax and legal updates
- Coordinates contribution files for the Employee Stock Purchase Plan for International based employees
- Facilitates grant acceptance when needed
- Communicates with International HR and international participants on a routine basis to answer questions about equity program
- Provide US coverage when the US Stock Plan Administrator is unavailable
- Administer the distribution and return of International Addendums
- Completes International surveys and assists with compiling benchmark data for equity plans
- Minimum 3 - 4 years administering employee benefit and/or relocation programs
- Experience with administering employee stock plans highly preferred
- Responsible for successful implementation of annual rewards management cycle (including but not limited to training managers, supporting them on the recommendations, ensuring accurate rewards statements), off-cycle compensation process and implementation of global and local bonus plans# Responsible for delivering compensation training(either virtual or in-class) to managers and associates per the need
- Strong written and oral communication skills, polite and pleasant yet direct
- Minimum 3 years experience in an analytical Global HR or Compensation-related role
- Tracks costs and invoices against budget and inputs to the annual budget submission process
- Act as a key point of contact, supporting the management of internal and external providers of benefit plans and systems ensuring accuracy and positive employee experience in enrolling or using benefit plans
- Excellent analytical skills and mathematical aptitude required, including in the diagnosis of trends or problems
- Previous analyst level experience in Compensation & Benefits
Compensation & Benefits Analyst Job Description
- Document benefit and compensation administration practices and system procedures focusing on best practices
- Support the day-to-day administration of the employee benefit programs enrollments, terminations, changes
- Organization merit cycle implementations
- Data analysis of organization pay structures
- Ensure 100% visa and tax compliance in the US for the entire US organization
- Add relocation benefit language to domestic and international offer letters when applicable
- Manage all US relocation vendors and recommend changes when needed if service levels lapse
- Recommend relocation process and policy improvements as warranted
- Manage the Annual Salary Review (Merit) process
- Annually update the salary structures for the USA, Canada, and Mexico
- Degree educated or alternatively qualification
- HR system experience desirable, with SAP experience preferable
- Experience with Towers Watson surveys and benchmarking methodology preferable
- Experience with UK benefits and pensions essential, experience with administering self insured/trust based medical plans desirable
- Aptitude for working and being successful in a virtual and culturally diverse team
- Ability to prioritize duties and responsibilities to provide a high level of prompt and effective customer service in a fast-paced environment
Compensation & Benefits Analyst Job Description
- Perform job evaluations using Mercer IPE
- IV’s Long-term incentive process
- Provide day to day operational support for key HR processes and tools related to global compensation, benefits and equity compensation matters
- Perform other reasonable duties as assigned by direct manager
- This position reports to the Senior Director, Compensation & Benefits and will interface regularly with other members of the HR team
- You will implement Compensation and/or Benefits Strategy
- You will execute regional and/or global C&B processes to support and align with the business's needs and strategy
- You will manage the annual data submission to salary and benefit surveys internationally
- You will support job matching and job evaluation processes
- Among your responsibilities will be to support the annual salary review process with data preparation and data analysis, updating of the compensation system
- Ability to communicate clearly and effectively, both verbally and in writing, to develop and deliver presentations at a level appropriate to the audience being addressed
- Experience with Fidelity’s PSW preferred
- Excellent payroll knowledge with the ability to perform manual calculations
- Manage month-end close process and work closely with business partners to ensure accurate financial reporting
- Prepare benefits-related monthly executive management reports, providing insightful commentary on both the P&L and balance sheet, including monthly plan vs
- Interact and partner with LOBs and other Corporate areas in order to obtain, understand and analyze benefits financials
Compensation & Benefits Analyst Job Description
- You will be expected to provide an on-going support to the business on the various aspects of compensation & benefits
- You will maintain an on-going contact with external compensation and benefits vendors
- You will conduct projects to review employee benefit schemes and source benefit providers across the region
- You will be involved with ad hoc projects as restructuring activities, mergers & acquisitions, Rebadge transfers
- Discover and hone your skills
- Assess whether significant accounting events occur as a result of management decisions or workforce events
- Review spreadsheet files for strict adherence to spreadsheet controls (includes reviews for mathematical accuracy, formula usage, appropriate cross-referencing)
- Work with the C&B Manager in overseeing and supporting benefit renewal processes across the region
- Research & provide input into EMEA & global C&B projects, including support on M&A due diligence, C&B integrations, international benefits policies
- Provides policy counsel and administration on Total Remuneration (TR) for multiple, complex plans
- Prepare firm-wide benefit guidance to the LOBs in support of the annual budget process in partnership with domestic and international benefits executives (including the impact of medical, dental, & life insurance, pension and 401(k) match/special awards)
- 2+ years hands-on experience with Business Process and Security Administration required
- Working knowledge of report writing and calculated fields a plus
- Background in HR/Compensation analysis
- Benefits background a major plus
- Business or HR degree
Compensation & Benefits Analyst Job Description
- Does complex survey analysis and interpretation of data to recommend salary structure changes
- Analyzes industry and demographic trends to recommend and deploy plan design changes
- Designs, develops and modifies employee benefit plans
- Consults with client groups on job placement issues for a reorganization
- Joins business unit teams to develop solutions to emerging business issues
- Performs payroll HR-related operation
- Provides compensation and benefits administration to employees
- Provides consultation to management related to TR issues
- Ensure plans meet current and future requirements of the Affordable Care Act regulations and legislation
- Recommend and implement benefit plan and process changes
- Bachelor’s degree in Human Resources, Business, Finance, Accounting or related field required, CIPD desirable
- Minimum of 5-7 years performing compensation analysis, making recommendations and setting up administering pay programs
- Bachelor's degree or equivalent experience in insurance or benefits
- BA or BS in a quantitative field with 3-5 years relevant experience
- Highest degree of professionalism, integrity, and confidentiality
- Undergraduate degree in Business, Human Resources Management, Finance, or closely related field or equivalent work experience in human resources