Compensation and Benefits Analyst

TBC Corporation•Palm Beach Gardens, FL

12d

About The Position

The Total Rewards Analyst supports day-to-day administration of the company’s compensation and benefits programs. The role administers health programs and analyzes, designs, and administers incentive compensation programs—including long- and short-term incentives and commissions—in alignment with company objectives, compensation policies, and budgetary guidelines. The analyst helps monitor and maintain Total Rewards plans, policies, and structures so they support business strategy and remain competitive, cost-effective, and legally compliant. The position interacts with multiple levels of management and provides analytical and technical support for benefits and compensation programs. Benefits work includes health and welfare administration, open enrollment, plan design evaluation, vendor management, retirement and funding-account administration, leave administration, wellness oversight, benefits systems integrations, billing audits, and analysis of utilization and claims data. Compensation work includes job evaluation and benchmarking, salary structure maintenance, annual merit and bonus cycles, pay transparency and equity analysis, incentive plan administration, and cost modeling. The analyst also supports salary planning and budgeting, audits, reporting, policy and procedure maintenance, and cross-functional projects.

Requirements

Bachelor’s degree in human resources, business administration, or a related field.
At least 3 years of experience in compensation and benefits in a large organization.
Advanced Microsoft Excel skills, including complex modeling, and PowerPoint skills.
Knowledge of human resources principles and compensation best practices, including job analysis and evaluation.
Proficiency with compensation tools, data analysis, research methods, and techniques.
Ability to analyze employment law regulations, principles, and practices as they relate to Total Rewards.
Ability to prepare written reports and presentations for varied audiences.
Demonstrated ability to interact with all levels of an organization and conduct compensation and pay plan reviews.
Effective written and verbal communication skills.
Ability to handle sensitive and confidential matters.
Strong organization, attention to detail, and results orientation.
Ability to work effectively both as part of a team and independently.

Nice To Haves

Professional certification such as CCP, PHR, or CEBS; preferred but not required.

Responsibilities

Administer health and welfare programs, including annual open enrollment, plan design evaluation, and medical, dental, vision, life, and disability vendor management.
Support retirement, funding-account, and wellbeing programs, including 401(k) compliance and nondiscrimination testing; weekly and bi-weekly HSA, FSA, and 401(k) funding; deferred compensation; leave administration; and wellness program oversight.
Manage benefits integrations within the benefits platform, prepare and audit billing rosters, and analyze benefit utilization trends and claims data to help manage healthcare costs.
Assist with benefits administration, invoicing, 401(k), annual benefits renewal, open enrollment communications, and vendor data feeds.
Assist in administering, processing, and maintaining associate leave information in accordance with FMLA, leave of absence, military leave, and ADA requirements.
Support pay and benefits survey participation and analyze resulting data for benchmarking activities.
Conduct job evaluations and benchmark analyses, maintain salary structures, and support annual merit and bonus cycles.
Support job architecture mapping, pay range creation and disclosure, and internal pay equity audits.
Support administration of short- and long-term incentive plans and model cost scenarios for compensation changes.
Assist with position description updates and job classification to promote organizational consistency; participate in benchmarking job descriptions.
Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges.
Support annual salary planning, company budgeting, and the annual merit cycle; lead and provide direct support to assigned customer groups.
Analyze compensation policies in relation to wage-and-hour regulations and market rates, recommend changes, educate managers and HR staff, and escalate issues as needed.
Provide analytical support and data analysis for projects and human resources metrics.
Serve as a point of contact for internal and external auditors and assist with data extraction and benefits and compensation audits.
Design and develop business reports that capture key metrics and trends, including pay-for-performance metrics and compensation trends.
Develop and maintain Total Rewards standard operating procedure content and policies.
Work cross-functionally on assigned projects, promote and support the company’s mission, vision, and values, and perform other duties as assigned.