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)
Discusses the models and roles of business data analytics.
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Level 2 Behaviors
(Light Experience)
Conducts data cleaning process by removing duplicate records to ensure effective data analytics.
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Level 3 Behaviors
(Moderate Experience)
Partners with internal and data engineering teams to fully optimize acquisition data sources.
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Level 4 Behaviors
(Extensive Experience)
Leads overall data analytics activities of our organization to apply decision-making techniques.
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Level 5 Behaviors
(Mastery)
Develops robust analytics requirements to define algorithms and data sources for stakeholders.
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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)
Explains the importance and advantages of benefits program.
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Level 2 Behaviors
(Light Experience)
Documents and maintain administrative procedure manuals for managing the benefit program.
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Level 3 Behaviors
(Moderate Experience)
Formulates a benefits plan program based on the results of employee needs assessment and gap analysis.
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Level 4 Behaviors
(Extensive Experience)
Facilitates employee benefit seminars and trainings for employees to ensure mutual understanding.
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Level 5 Behaviors
(Mastery)
Develops communication strategies to ensure benefit programs are fully understood by stakeholders.
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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)
Describes the procedures for capital and expense allocation and budgeting.
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Level 2 Behaviors
(Light Experience)
Gathers data from financial statements to help create budget plans and improve budgeting strategies.
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Level 3 Behaviors
(Moderate Experience)
Implements strategic operational efficiencies and techniques for conducting successful budgeting.
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Level 4 Behaviors
(Extensive Experience)
Evaluates past decisions on budgetary considerations to improve the budgeting process.
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Level 5 Behaviors
(Mastery)
Establishes operating procedures to guide the consistency and repeatability of our budgeting processes.
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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)
Illustrates the abilities and competencies necessary for coordination.
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Level 2 Behaviors
(Light Experience)
Plans work schedules for a simple project.
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Level 3 Behaviors
(Moderate Experience)
Creates contingency plans to mitigate emergencies and prepare for most circumstances.
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Level 4 Behaviors
(Extensive Experience)
Develops working processes and detailed planning for a brand new project.
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Level 5 Behaviors
(Mastery)
Establishes measures to assess progress against the plan.
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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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