Senior Compensation & Benefits Analyst

Renesas Electronics•Austin, TX

About The Position

Renesas is seeking an experienced Compensation & Benefits Analyst to support the administration, analysis, and continuous improvement of its US Total Rewards programs, with a primary focus on Benefits. The position also supports compensation activities such as market benchmarking, annual compensation cycles, pay equity analysis, and compensation reporting. It contributes to expanding the use of analytics, AI, and automation across Total Rewards processes and employee services, partnering with HR, Payroll, Finance, managers, and external vendors to deliver competitive, compliant, employee-focused programs. This is a professional individual-contributor role requiring strong benefits expertise, analytical skills, and the ability to manage multiple priorities in a fast-paced environment. Renesas is an embedded semiconductor solution provider with a global team of more than 21,000 engineers and problem solvers in over 30 countries. Its stated culture, TAGIE, is grounded in being Transparent, Agile, Global, Innovative, and Entrepreneurial. The company describes a competitive benefits package alongside salary, with further information provided during hiring. Renesas Electronics is an equal opportunity and affirmative action employer. Its technology may be subject to U.S. export controls, and a U.S. government export license may be required before release to certain persons.

Requirements

At least 5 years of experience in Benefits, Compensation, Total Rewards, or Human Resources.
Bachelor's degree in Human Resources, Business, Finance, or a related field, or equivalent practical experience.
Strong knowledge of US benefits administration and compliance requirements.
Experience working with benefit providers, brokers, and third-party administrators.
Working knowledge of compensation principles, including salary benchmarking, job evaluation, pay structures, and annual compensation processes.
Strong analytical capabilities to interpret compensation and benefits data and deliver actionable insights and recommendations to stakeholders.
Excellent communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
Excellent project management, multitasking, attention to detail, and stakeholder communication skills.
Proficiency with HRIS platforms, benefits administration systems, and reporting tools.
A continuous drive to leverage modern technology, AI, and automation to improve efficiency and employee experience.

Nice To Haves

CEBS, CCP, SHRM-CP/SHRM-SCP, PHR, SPHR, or similar professional certification.
Experience supporting multi-state US employee populations.
Experience in a multinational organization.
Exposure to compensation benchmarking, pay equity, and broader Total Rewards programs.
SuccessFactors experience is preferred.

Responsibilities

Administer US employee benefit programs, including medical, dental, vision, life insurance, disability, retirement, wellbeing, leave, and voluntary benefits.
Serve as a key point of contact for benefit-related inquiries from employees, HR partners, and managers.
Manage relationships with benefit carriers, brokers, consultants, and third-party administrators to support effective service delivery.
Support annual Open Enrolment activities, employee communications, education campaigns, and benefits renewals.
Monitor benefit program participation, utilization, and costs; analyze data to identify trends and recommend improvements.
Ensure compliance with applicable federal and state regulations, including ERISA, ACA, COBRA, HIPAA, and FMLA.
Partner with Payroll, Finance, Legal, and HR teams to resolve issues and maintain accurate program administration.
Support administration and continuous improvement of compensation programs, including market benchmarking, salary analysis, annual merit reviews, and incentive administration.
Partner with HR Business Partners and managers to provide guidance on compensation policies, salary recommendations, and job levelling frameworks.
Develop reports, dashboards, and insights to support data-driven Total Rewards decisions.
Use AI-powered tools, analytics, and automation solutions to improve reporting, employee support, process efficiency, and decision-making across Total Rewards programs.
Identify opportunities to streamline and automate benefits and compensation processes to reduce manual effort and improve data quality and employee experience.
Lead or participate in projects focused on process improvements, system enhancements, AI adoption, vendor implementations, and digital transformation initiatives.