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Benefits Analyst
Career Insights for Compensation / Benefits Analyst
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Scorecard
Based on New York 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.
$85,901 / year median in New York
+5% projected growth
Job Description
Responsibilities:
- Administer day-to-day benefits activities, including enrollment support, plan updates, and issue resolution across assigned programs.
- Partner with third-party insurance providers and other external administrators to address eligibility, coverage, and claims-related questions.
- Review benefits data and documentation to identify discrepancies, support reporting needs, and improve accuracy in ongoing administration.
- Coordinate processes related to flexible spending arrangements, including dependent care FSA activity, employee inquiries, and vendor communication.
- Assist with benefits analysis by evaluating program information, tracking trends, and preparing summaries for HR or business stakeholders.
- Provide timely guidance to employees on available benefit options, policy details, and required enrollment or status-change actions.
- Maintain organized records and help ensure benefits procedures align with company guidelines and applicable requirements.
- Support benefits-related operational updates or process changes, including adjustments tied to systems, vendors, or internal workflows when needed.