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%
$116,443
TOTAL 50%
$124,638
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)
Describes the fundamentals of data and business analytics.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies broad knowledge and best practices to provide data analytics services to clients.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Communicates and interprets data to provide clarity to non-technical and technical audiences.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Collaborates with cross-functional teams to produce data analytics key indicators and metrics.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs the conceptual, logical, and physical data models to support the analytic data requirements.
See 4 More Skill Behaviors
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)
Compares the pros and cons of two benefits vendors.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Collects required information to support the analysis of benefits program objective.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Communicates benefits clearly to employees based on company policies.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Analyzes industry trends to help improve overall benefits strategy and program offerings.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Analyzes current benefits costs and creates a budget spreadsheet outlining annual benefits costs.
See 4 More Skill Behaviors
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)
Compiles a list of basic issues and risks for conducting our budget processes.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies established guidelines for conducting our budgeting processes.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Communicates budget objectives and plans to help identify financial trends and create budget forecasts.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Anticipates organizational income and expenses to make forecasts and develop budget plans.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Adapts relevant industry trends on techniques in financial budgeting in our organization.
See 4 More Skill Behaviors
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)
Describes the traits and characteristics of a skilled coordinator.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies time management skills to minimize scheduling conflicts.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Adjusts priorities and job duties of others according to the changing environment.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Consults on the obstacles, conflicts, and challenges in achieving a business goal.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Adapts strategic plans with agility rather than waiting for problems to arise.
See 4 More Skill Behaviors
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.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.