Skills & Competencies for Benefits Analyst IV

Benefits Analyst IV job profile

JOB SUMMARY for Benefits Analyst IV

Researches, analyzes, evaluates, and administers corporate benefit plans and programs.

JOB RESPONSIBILITIES for Benefits Analyst IV

Monitors benefit trends in the business environment while staying abreast of applicable benefits legislation. Determines impact of new policies or provisions. Provides suggestions for improvement of benefit plans.

Benefits Analyst IV SALARY RANGE

BASE 50%
$119,066
TOTAL 50%
$127,760
Job Level
P04
Job Code
HR09200318
Education/Degree
Bachelor's Degree
Reports To
Manager

Benefits Analyst IV Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Benefits Analyst IV skill and competencie below to view definitions.

11 general skills or competencies (Job family competencies) for Benefits Analyst IV

1 Job Family Competencies – Data Analytics
Proficiency Level -3
Skill definition-Applying techniques and processes in examining and evaluating raw data to derive conclusions to support business decision-making.
Level 1 Behaviors
(General Familiarity)
Lists the tools and techniques in business data analytics.
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Level 2 Behaviors
(Light Experience)
Supports the existing business technology systems to develop a mature data analytics capability.
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Level 3 Behaviors
(Moderate Experience)
Works with data analytics team to ensure data integrity and accuracy on the service.
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Level 4 Behaviors
(Extensive Experience)
Performs data quality audits to ensure compliance with custom analytic deliverables.
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Level 5 Behaviors
(Mastery)
Shares emerging advancements and technologies in data analytics to our organization.
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2 Job Family Competencies – Benefit Programs
Proficiency Level -4
Skill definition-Designing, managing, assessing and implementing compensation plan to attract and retain talent.
Level 1 Behaviors
(General Familiarity)
Lists the factors that should be considered in the development of the benefits objectives.
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Level 2 Behaviors
(Light Experience)
Responds to employee inquiries regarding benefits program.
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Level 3 Behaviors
(Moderate Experience)
Reviews cost and usage rates of existing benefit programs to assess actual and perceived value.
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Level 4 Behaviors
(Extensive Experience)
Oversees the development of the benefits objectives to ensure comply with overall strategic goals.
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Level 5 Behaviors
(Mastery)
Keeps current on latest state laws and regulations impacting employee benefit programs to ensure compliance.
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3 Benefits Analyst IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Benefits Analyst IV
Proficiency Level - 4
5 Competency for - Benefits Analyst IV
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Benefits Analyst IV

1 Core Competencies – Budgeting
Proficiency Level -3
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Lists the elements and the steps on how to conduct budgeting.
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Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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2 Core Competencies – Coordination
Proficiency Level -4
Skill definition-Ability to plan, execute, and adjust job duties to achieve business goals.
Level 1 Behaviors
(General Familiarity)
Lists tools and applications used for planning job duties.
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Level 2 Behaviors
(Light Experience)
Works with teammates on shared goals to ensure efficiency and productivity.
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Level 3 Behaviors
(Moderate Experience)
Monitors project progress and regularly leads a discussion on operational inefficiencies.
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Level 4 Behaviors
(Extensive Experience)
Leads a team in coordinating internal and external resources effectively.
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Level 5 Behaviors
(Mastery)
Serves as the coordination expert to provide valuable advice as needed to different levels of our business.
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3 Benefits Analyst IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Benefits Analyst IV
Proficiency Level - 4
5 Competency for - Benefits Analyst IV
Proficiency Level - 5

Summary of Benefits Analyst IV skills and competencies

There are 0 hard skills for Benefits Analyst IV.
11 general skills for Benefits Analyst IV, Data Analytics, Benefit Programs, Diversity and Inclusion, etc.
11 soft skills for Benefits Analyst IV, Budgeting, Coordination, Project Management, etc.
While the list totals 22 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Benefits Analyst IV, he or she needs to be skilled in Budgeting, be skilled in Coordination, and be skilled in Project Management.

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