Benefits & Compensation Analyst

Federated Mutual Insurance Company•Owatonna, MN

About The Position

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own. Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our values and commitment to diversity and inclusion. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values. Federated is committed to offering employee benefits that truly make a difference, and we’re looking for someone who can help shape that impact. As a Benefits & Compensation Analyst, you’ll support Federated’s retirement plans and related programs, driving their development, administration, and performance to align with organizational goals and employee needs.

Requirements

A four-year degree and a minimum of 1 year of experience in an analyst or related role, demonstrating strong analytical, problem solving and communication skills. Bachelor’s degree preferred but not required.
Exceptional communication skills, both written and verbal, with the ability to influence and collaborate across all levels of the organization.
Strong data analysis, reporting, and problem-solving abilities.
Proficiency in Microsoft Office Suite, with advanced skills in Excel.

Responsibilities

Provide direction and support in the design and administration of retirement and other key employee benefits.
Collaborate with internal and external partners to deliver clear, engaging communication that enhances employee understanding and perception of programs.
Monitor plan utilization, performance, and trends by analyzing and reporting on financial and quantitative data.
Research and analyze plan effectiveness, competitiveness, and alignment with strategic goals, making recommendations for enhancements.
Develop deep technical expertise in a variety of benefits and compensation programs.