A Compensation or Benefits Analyst evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
The Senior Benefits & Compensation Analyst supports the design, administration, and analysis of the organization's total rewards programs. This role ensures compensation structures remain competitive, benefits programs are compliant and cost‑effective, and Benefits leadership receives accurate insights to guide strategic decisions. The analyst collaborates closely with Compensation, Benefits, HR, Finance, Payroll, and external vendors to deliver seamless employee experience.
MAJOR ACCOUNTABILITIES/CRITICAL RESPONSIBILITIES
Conduct market pricing, benchmarking, and job evaluations to ensure internal equity and competitiveness. Maintain pay ranges, recommend adjustments, and support annual compensation cycles. Assist with modeling, tracking, and administering short‑ and long‑term incentive plans. Prepare dashboards, pay equity analyses, and executive level reporting. Support daily operations of health, welfare, retirement programs. Evaluate plan performance, costs, and utilization to recommend enhancements or savings. Partner with brokers/carriers on claims review, renewal data, and plan selection. Support wellness initiatives, EAP programs, and preventive care campaigns. Coordinate contributions, audits, nondiscrimination testing, and employee education. Develop employee‑friendly materials, FAQs, and presentations. Lead timelines, testing, communications, and system updates for annual enrollment. Monitor SLAs, escalate issues, and support vendor evaluations and RFPs. Maintain accurate compensation and benefits data and support process optimization. Cross‑functional collaboration with Compensation & Benefits leadership team. All other duties assigned.
QUALIFICATIONS/REQUIREMENTS
Education & Experience:
Preferred:
Bachelor's degree in Human Resources, Business, Finance, or related field. 5-7+ years of experience in compensation, benefits, or total rewards.
Alternative:
CEBS, CBP or equivalent certification and 3-5 years of benefit administration experience.
Alternative:
7+ years of LOA administration experience. Advanced skillset with Microsoft Office Suite (Excel, Word, Power Point, Outlook), Adobe and HRIS system. Strong interpersonal skills - both oral and written. The ability to work in a fast-paced environment and meet deadlines. The ability to work with individuals at all organizational levels, particularly peers, team members, and department managers. Handle employee and organization information in a confidential manner. The ability to multi-task and accomplish ongoing tasks and project assignments in an accurate and timely manner with minimal level of supervision.
