Sr. Benefits & Compensation Specialist

Crane Company • Stamford, CT

25d • Onsite

About The Position

The Sr. Benefits & Compensation Specialist will work as part of a dynamic Corporate Total Rewards team and provide comprehensive support to critical benefits and compensation functions. This is a tremendous opportunity to work with multiple disciplines in total rewards to build skills and add value to the organization. Responsibilities and Duties: Support day-to-day administration of Crane's 401(k) and pension plans, including responding to information request from vendors, monitoring demographics data integrity and file integrations, error reporting, funding reconciliation and payments, and performing ad-hoc plan and participant research in support of plan operations. Primary contact for day-to-day inquiries and work requests from H&W benefit administration vendors, monitor file integrations and error reports, distribute reporting and process weekly / bi-weekly / monthly claims and reimbursements funding requirements. Respond to queries from HR business partners and associates with respect to plan provisions; coordinate with benefits, retirement and payroll vendors to resolve escalated inquiries with focus on providing thorough and timely response / resolution. Conduct compensation market research and benchmarking to evaluate internal pay equity and external competitiveness. Prepare compensation reports, dashboards, and analytics for HR and business leadership. Partner with Total Rewards leadership in oversight of ongoing service delivery and management of contracted administrators and service providers, receiving and working through service issues, provides feedback to vendors, gets to root cause and recommends solutions. Manage and administer the Crane Fleet and global Service Award programs and vendors. Responsible for compliance-related activities and processes including annual 401(k) plan nondiscrimination testing, highly compensated employee management and Plan demographics reviews. Provide support for internal and external audits cycles, and assist with various regulatory filing activities (e.g. Form 5500, 11-K, PCORI) [I think we want someone to do more than provide administrative support – we want them to be the primary contact, perform research, collect documentation, and with leadership mitigate issues] Support effective benefit communications by collaborating with Crane Co.’s vendors to develop required notices and materials designed to support participant education; support preparation of materials and reports for delivery to Plan Committees and other leaders / stakeholders, develop and participate in presentations to HR business partners and associates. Compile, analyze and report total rewards data for KPI scorecards, strategic planning and evaluation, best practices and benchmark surveys. Analyze and evaluate data and trends, using findings to make recommendations for program and process improvements Collaborate with internal and external partners (Legal, Accounting, Tax, vendors and consultants) in support of ongoing administration of plans and programs Develop and maintain detailed knowledge of company's benefit and retirement plans and processes necessary to support administration of the plans Support ad-hoc analysis / reporting requests from stakeholders and additional HR projects and initiatives as needed

Requirements

• Analytical - Strong analytical skills with the ability to perform independent analysis and demonstrated skill in making data-informed recommendations
• Proactive – demonstrated experience taking initiative to identify, recommend and implement process improvements
• Benefits skills - Knowledge of government regulations impacting retirement and benefit plans and programs
• Compliance minded - Experience in coordinating ongoing and annual compliance-related requirements for benefit and retirement plans, inclusive of audits, filings and disclosures
• Intermediate to advanced Microsoft Office skills including Excel, PowerPoint and Word
• Organized - Strong organizational skills with the ability to maintain and develop processes and operating practices that minimize risk and drive efficiency
• Multitasker - Ability to manage multiple tasks and deadlines with excellent attention to detail
• Minimum 3 years' experience in a Corporate Benefits or total rewards role with responsibility / experience in retirement, health and welfare plans.
• A Baccalaureate Degree from an accredited College or University in Human Resources, Finance, or other related field or commensurate experience is preferred

Nice To Haves

• Relevant professional designation / certification a plus (CEBS, CBP, RPA).

Responsibilities

• Support day-to-day administration of Crane's 401(k) and pension plans, including responding to information request from vendors, monitoring demographics data integrity and file integrations, error reporting, funding reconciliation and payments, and performing ad-hoc plan and participant research in support of plan operations.
• Primary contact for day-to-day inquiries and work requests from H&W benefit administration vendors, monitor file integrations and error reports, distribute reporting and process weekly / bi-weekly / monthly claims and reimbursements funding requirements.
• Respond to queries from HR business partners and associates with respect to plan provisions; coordinate with benefits, retirement and payroll vendors to resolve escalated inquiries with focus on providing thorough and timely response / resolution.
• Conduct compensation market research and benchmarking to evaluate internal pay equity and external competitiveness.
• Prepare compensation reports, dashboards, and analytics for HR and business leadership.
• Partner with Total Rewards leadership in oversight of ongoing service delivery and management of contracted administrators and service providers, receiving and working through service issues, provides feedback to vendors, gets to root cause and recommends solutions.
• Manage and administer the Crane Fleet and global Service Award programs and vendors.
• Responsible for compliance-related activities and processes including annual 401(k) plan nondiscrimination testing, highly compensated employee management and Plan demographics reviews.
• Provide support for internal and external audits cycles, and assist with various regulatory filing activities (e.g. Form 5500, 11-K, PCORI)
• Support effective benefit communications by collaborating with Crane Co.’s vendors to develop required notices and materials designed to support participant education; support preparation of materials and reports for delivery to Plan Committees and other leaders / stakeholders, develop and participate in presentations to HR business partners and associates.
• Compile, analyze and report total rewards data for KPI scorecards, strategic planning and evaluation, best practices and benchmark surveys.
• Analyze and evaluate data and trends, using findings to make recommendations for program and process improvements
• Collaborate with internal and external partners (Legal, Accounting, Tax, vendors and consultants) in support of ongoing administration of plans and programs
• Develop and maintain detailed knowledge of company's benefit and retirement plans and processes necessary to support administration of the plans
• Support ad-hoc analysis / reporting requests from stakeholders and additional HR projects and initiatives as needed

Benefits

• Competitive base pay and bonus opportunity
• Health / dental / vision insurance
• Health Savings and Flexible Spending account options
• Paid time off (vacation, 11 holidays, unlimited sick days, paid time to volunteer in your community)
• 401(k) with 3% company match plus 3% non-elective contribution
• Tuition reimbursement
• Company-paid life, short-term and long-term disability insurances
• Company-paid employee assistance program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level