Total Rewards Analyst - Rx Informatics

Caterpillar Inc.•Peoria, IL

1d•$89,210 - $133,810•Onsite

About The Position

Provides Total Rewards consultancy services to internal customers with a focus on prescription benefit programs. This role performs intermediate to complex analysis and research, develops and delivers communication materials, and collaborates with internal stakeholders and external vendors. The position supports key projects and helps solve moderate-to-complex Total Rewards challenges.

Requirements

Degree or equivalent experience desired
Analytical Thinking: Ability to define problems, evaluate alternatives, and determine root causes
Experience using tools such as MS Excel, Power BI, and data analysis tools to interpret data and recommend solutions
Ability to identify trends, risks, and meaningful data patterns
Effective Communication: Strong verbal and written communication skills, including presentations and reporting
Ability to tailor messaging to different audiences and avoid unnecessary technical jargon
Skilled at giving and receiving feedback constructively
Interpersonal Skills: Ability to collaborate effectively across teams and with stakeholders
Demonstrated adaptability in communication and teamwork
Strong relationship-building skills with internal and external partners
Benefits Administration Knowledge: Understanding of employee benefits programs and administration processes
Ability to support implementation and maintenance of benefits programs, including prescription drug coverage

Nice To Haves

Prior experience working specifically with prescription benefit programs
Experience working with external vendors in a Total Rewards or benefits environment
Advanced data analysis experience or strong proficiency in Power BI or similar tools
Experience supporting compliance and governance in benefits programs

Responsibilities

Analyze external market data and Total Rewards trends to provide insights and recommendations for enhancing existing programs or introducing new offerings
Administer Total Rewards programs and serve as a point of contact for internal customers while partnering with external vendors
Conduct qualitative and quantitative research to support business and talent-related challenges
Ensure compliance with Total Rewards policies and maintain accurate employee data in alignment with company standards
Transfer employee benefits data to vendors and support ongoing benefits administration processes
Assist in implementing and maintaining prescription drug coverage programs
Identify and diagnose routine issues related to benefits programs and provide solutions