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Benefits Analyst
Career Insights for Compensation / Benefits Analyst
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Scorecard
Based on Maryland 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.
$82,927 / year median in Maryland
+7% projected growth
Job Description
- The Benefits Analyst will manage and optimize benefits administration and leave programs for a dynamic organization.
- Provide expert guidance to employees and managers on benefits, leave, and accommodation policies.
- Ensure compliance with federal, state, and local regulations governing benefits and leave programs.
- Collaborate with HR teams to enhance operational efficiency and employee satisfaction.
- Support open enrollment initiatives and manage increased requests for leave and accommodations.
- Engage in financial operations, including funding requests and reconciliation processes.
- Provide on-site support to ensure seamless operations and direct employee assistance.
- Contribute to employee education initiatives, enhancing understanding of benefit plans and policies.
- Administer health and welfare programs, including medical, dental, vision, and retirement plans.
- Manage leave of absence and job accommodation programs, ensuring regulatory compliance.
- Provide consultation to employees and managers on benefits and LOA/ADA inquiries.
- Monitor compliance with federal and multi-state regulations for benefits programs.
- Facilitate funding requests, reconciliation processes, and audits for financial operations.
- Deliver educational webinars to enhance employee understanding of benefit plans and policies.
- Collaborate with HR teams to improve operational efficiency and employee satisfaction.
- Prepare for open enrollment and manage increased requests for leave and accommodations.
- High School Diploma or GED required; certifications such as
SHRM-CP/SCP
preferred.- Fluency in Spanish and English, with the ability to explain complex policies clearly.
- Minimum 2 years of experience in benefits administration; 4 years preferred.
- Experience with federal, state, and local leave laws, including ERISA, HIPAA, COBRA, and ACA.
- Proficiency in Workday and Google Suite; strong data analysis and reconciliation skills.
- Ability to manage high volumes of LOA/ADA cases independently and under tight deadlines.
- Strong interpersonal skills with a focus on effective communication and collaboration.
- Commitment to discretion and integrity in handling sensitive employee information.