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Benefits Analyst
Career Insights for Compensation / Benefits Analyst
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Scorecard
Based on Florida data
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What they do
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.
$83,602 / year median in Florida
+10% projected growth
Job Description
FSA & HSA
Plans Ensure the data quality and system configuration of all benefit plans in the HRIS systems are compliant with each plan document. This will involve providing system business requirements, testing of interface and payroll files and data in the Quality Assurance Environment to ensure the accurate administration of plans Additional Primary Responsibilities Manage all benefit plan inquiries. Use Plan Documents, Summary Plan Descriptions, Adoption Agreements and other referenced materials to address and resolve all Company, Provider and employee inquiries in a timely and courteous manner Partner with the Benefits Manager to update all billing rates in system, participate in SGWS mergers, acquisitions and new union implementations Perform other duties as assigned Minimum Qualifications A Bachelor's Degree in Accounting, Human Resources, Finance or Business Related Field or equivalent working experience Critical nature of this job may require extended hours Minimum 3 years of comprehensive Accounting, analytical and reporting experience when it comes to Benefits Administration (union and non-union) Experience in reviewing Contracts, Plan Documents, SPD's, Union Collective Bargaining Agreements, r econciliation of union invoices and interface analytics Ability to analyze large amounts of data. Identify and troubleshoot trends. Present trends to Management and Legal Proven aptitude for analysis of data and creation of queries Knowledge of finance and accounting practices, financial analysis and reportingBenefits
- Paid Time Off (PTO)
- Sick Leave
- Financial Aid/Assistance
- 401(k) Plans