What are the responsibilities and job description for the Compensation & Benefits Analyst position at Signode Industrial Group?
Description/Job Summary
The Compensation and Benefits Analyst will support compensation and benefits daily and year-end policy, program, and administration activities. The role is also responsible for supporting the Director of Benefits and Compensation Manager with special projects, including annual enrollment, annual audits, plan integrations, and compliance activities.
Responsibilities/Duties
Assist in executing the compensation and benefits planning process through the implementation and ownership of timelines, processes, and communication plans
Collect, analyze and audit data to monitor participation, utilization, and trends for health and welfare plans
Supports the development, coordination, and distribution of compensation and benefit communications
Assists in the annual merit, performance, short-term incentive, and long-term incentive processes
Audits year-end calculations / payments and is responsible for identifying and correcting data issues
Assist with coordination and preparation of annual enrollment, including;
- Participation in system testing
- Review and coordinate delivery of communication materials
- Completion of post-enrollment audits
Review, prepare and reconcile benefit related invoices for processing
- Coordinate and execute billing
- Respond to accounting inquiries and provide analysis of variances and exception expenses
- Provide input on annual budget related to benefit plan expenses
Perform year-end activities including annual reporting and filings (5500, 1094, 1095), 401K and compensation audits & other government reporting requests
Assist in the implementation of new benefit programs, as required
Assist with job grading, market analysis, and job catalog maintenance
Support new and existing wellness initiatives
Provide support to HR and employees on benefit inquiries
Perform mail merges and mass mailings for compensation and benefits communications
Responsible for disability management reporting and associated employee communications
Duties related to 401k & HSA funding
Generate standard and ad-hoc benefits and compensation reports
Other duties and projects as assigned
Required Skills
Excellent verbal and written communication skills with a strong focus on discretion and confidentiality
Strong analytical, organization, project management, and problem-solving skills
Proven ability to conduct root-cause analysis and drive continuous improvement
Experience handling routine complex compensation and benefit inquiries
Understanding of local, state, and federal laws involving employment and HR policies
Knowledge of all pertinent federal and state regulations, including ACA, COBRA, FMLA, ADA, Workers Compensation, Medicare, Social Security, DOL, and benefit related regulatory requirements
Ability to multi-task and prioritize work on various projects simultaneously
Ability to work independently as well as in a team environment
Advanced skills with Microsoft Office Suite (Excel, PowerPoint, Word)
Proficiency with the organization's HCM system (Ceridian Dayforce) or similar HRIS system is preferred
Ability to understand complex plan documents and insurance contracts
Detail-oriented with a strong focus on accuracy
Ability to thrive in a fast-paced environment
Required Experience
4 years experience in compensation, benefits administration, and HRIS
Required Education
Bachelor's Degree or equivalent in Human Resources or Business Administration
Preferred Education
SHRM-CP, PHR, CEBS, World at Work, or other HR-related certification is preferred