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%
$116,131
TOTAL 50%
$124,305
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 steps on how to run and develop data analytic models.
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Level 2 Behaviors
(Light Experience)
Identifies opportunities for data analytics process improvement and automation.
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Level 3 Behaviors
(Moderate Experience)
Uses data analytics for all reporting to meet user requirements.
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Level 4 Behaviors
(Extensive Experience)
Oversees data analytics team members to ensure data collection and management meet requirements.
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Level 5 Behaviors
(Mastery)
Keeps up-to-date on emerging technology trends in data analytics to apply in 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)
Identifies major types of benefits program.
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Level 2 Behaviors
(Light Experience)
Performs employees' needs assessment to support the selection and of benefit program.
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Level 3 Behaviors
(Moderate Experience)
Recommends improvements to the overall benefits program.
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Level 4 Behaviors
(Extensive Experience)
Monitors overall benefits benchmarking activities to assess current programs and policies.
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Level 5 Behaviors
(Mastery)
Establishes a periodic evaluation process to assess effectiveness of benefits.
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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)
Explains the importance of budget reporting and forecasting in our workplace.
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Level 2 Behaviors
(Light Experience)
Supplies supporting information and justification for major line items.
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Level 3 Behaviors
(Moderate Experience)
Utilizes software tools and applications to forecast our annual budget accurately.
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Level 4 Behaviors
(Extensive Experience)
Provides in-depth training to our entire organization about the zero based budgeting methodology.
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Level 5 Behaviors
(Mastery)
Forecasts asset needs to leverage available inventory and data compilation for annual budgeting.
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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 the roles and responsibilities of coordination in the workplace.
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Level 2 Behaviors
(Light Experience)
Selects and utilizes tracking tools to manage daily tasks.
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Level 3 Behaviors
(Moderate Experience)
Delegates and coordinates a team's duties to ensure no overlap between responsibilities.
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Level 4 Behaviors
(Extensive Experience)
Facilitates groups and diverse areas to work together effectively.
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Level 5 Behaviors
(Mastery)
Leads in the establishment of best practices for planning multiple activities.
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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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