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Senior Compensation and Benefits Analyst

3 months ago

Fort Myers, United States LCEC Full time

Senior Compensation and Benefit Analyst - Job Description


About Us:


LCEC provides reliable, cost-competitive electricity to more than 242,000 customers throughout a five-county service territory located in Southwest Florida. We employ approximately 435 skilled employees and are one of more than 900 electric distribution cooperatives located throughout the United States. LCEC has been recognized locally and statewide as an industry leader and continually receives acknowledgment for the work that our employees do in the community along with other civic, environmental and professional honors.


Position Summary:


This position is responsible for the design, development, and implementation of a comprehensive Compensation and Benefits program to include policies, practices, and guidelines. This position is also responsible for oversite of LCEC's job description library and ensuring the most current responsibilities and requirements are included in all job descriptions. In addition, the Compensation and Benefits Program Manager is responsible for compliance with all government regulations related to compensation and benefits. This position is also responsible to design and manage a company-wide Wellness Program with a focus on physical, mental and financial employee wellbeing. This includes oversite of the onsite Wellness Center in relation to services and programs offered to employees and family members.


Position Responsibilities


  • Act as a strategic partner to design, develop, implement and administer a Total Rewards program designed to attract, engage and retain talent to meet business objectives.
  • Perform complex analysis, review utilization and experience data and identify trends to evaluate the effective-ness of programs; make timely and actionable recommendations for change.
  • Performs complex, professional level administrative, technical and analytical work related in support of compensation governance regarding salaries, allowances, incentives, fixed and variable bonuses as well as the organization benefits and welfare plans.
  • Apply significant, professional judgement to ensure that compliance with ERISA, FLSA, IRS and other government regulations related to Compensation and Benefits.
  • Audit pay practices to ensure compliance with federal and state legislation applicable to wage and hour laws and regulations and internal pay policies.
  • Conduct internal and external job analysis and evaluations to ensure that an appropriate job evaluation system is applied to determine the relative importance of jobs and assign a suitable job grade for every position.
  • Develop an appropriate salary structure and sound salary administration process linking salary to performance.
  • Responsible for annual compensation practices to include market pay adjustments, merit pay, and short-term incentive pay (STIP) plans; insure internal equity of same
  • Conduct specialized activities related, but not limited to, compensation administration, salary surveys, position audits, and collective bargaining unit agreements; support the collective bargaining process by updating con-tract language related to compensation and benefits and providing supporting documents and salary schedules.
  • Responsible for vendor management, contract review, plan design, coordination of system enablement, communication, and competitive benchmarking.
  • Liaison with Pension and 40lK Administrators, Trustees, Insurers, and other agencies to ensure cost and service effectiveness as well as smooth administration programs.
  • Prepare the annual compensation and benefits plans budgets, determine the actual cost of personnel, propose annual budget adjustments.
  • Act as internal consultant for management, HR team, and employees on compensation and benefit issues.
  • Develop and administer the organization’s wellness program and strategies designed to improve the physical, mental and financial of all employees.
  • Oversee the Wellness Center in relation to services, prescriptions, immunizations, and programs offered to employees and family members.
  • Promote/educate wellness opportunities to staff and families.
  • Provide accurate and timely information to employees regarding compensation and benefits.
  • Conduct employee onboarding and training on compensation and benefits programs.
  • Manage open enrollment processes for annual benefits enrollments.
  • Resolve employee inquiries and complaints regarding compensation and benefits; Escalate more complex concerns to the appropriate benefit vendor.
  • Prepare reports and presentations relating to compensation and benefits; create communication materials and deliver presentations to the organization to include Board of Trustees and Executive Steering Committee members.


Education


  • Bachelor's Degree in Human Resources, Business Administration or related field. (Required)
  • Master's Degree in Human Resource Management or related business. (Preferred)


Work Experience


  • Minimum seven (7) years’ of demonstrated experience in job evaluation and related best practices, as well as compensation analysis to include design and oversite of all programs, processes and guidelines related to compensation management. This includes the oversight of all variable pay plans. (Required)
  • Minimum seven (7) years’ of demonstrated experience in benefit design, administration and compliance with working knowledge of self-funded insurance plans. (Required)


Knowledge, Skills, and Abilities


  • Proven analytical skills; ability to analyze statistical and financial data and provide data-driven recommendations. (Required)
  • Utmost professional discretion and the ability to work with confidential and sensitive information. (Required)
  • Experience with Human Capital Management (HCM) Systems. (Required)
  • Ability to work independently and as a member of a team. (Required)
  • Proficient in Microsoft Office; Advanced skill in Excel. (Required)
  • Strong vendor management experience. (Required)
  • Working knowledge of wage and hour regulations and compensation principles. (Required)
  • Detail oriented, highly organized, proven strength in project management. (Required)
  • Exceptional time management skills; ability to meet deadlines. (Required)
  • Strong written and oral communication skills combined with the ability to engage and influence. (Required)
  • Ability to form sound working relationships at all levels of the organization. (Required)
  • Customer service focus combined with a collaborative mindset. (Required)
  • Hands on approach to problem solving. (Required)
  • Results-oriented. (Required)
  • Strong business acumen. (Required)
  • Data analytics and data modeling. (Preferred)
  • Prior exposure to a Union environment. (Preferred)
  • Prior strategic level work experience. (Preferred)


Physical Demands and Working Environment:


The physical demands and working environment characteristics described here must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Physical Demands:

  • Standing Occasionally,
  • Walking Occasionally,
  • Sitting Constantly,
  • Lifting Rarely,
  • Carrying Rarely,
  • Pushing Rarely,
  • Pulling Rarely,
  • Climbing Rarely,
  • Balancing Rarely,
  • Stooping Rarely,
  • Kneeling Rarely,
  • Crouching Rarely,
  • Crawling Rarely,
  • Reaching Rarely,
  • Handling Occasionally,
  • Grasping Occasionally,
  • Feeling Rarely,
  • Talking Constantly,
  • Hearing Constantly,
  • Repetitive Motions Frequently,
  • Eye/Hand/Foot Coordination Frequently.


Working Environment: Constantly Air-conditioned office environment, Rarely Extreme cold, Rarely Extreme heat, Rarely Humidity, Rarely Wet, Occasionally Noise, Rarely Hazards, Rarely Temperature Change, Rarely Atmospheric Conditions, Rarely Vibration.


STORM DUTY REQUIREMENTS.... Responding to storms will be considered a condition of employment: LCEC provides critical services to our community during an emergency. Employees are required to participate in the response/recovery activities related to emergencies/disasters to maintain service to our LCEC members. Employees are required to work in their normal job duties or other assigned activities. Proper compensation will be made in accordance with the company's guidelines and procedures.


Please note that at the time a candidate is made a job offer, the candidate will be subject to a background check and a drug screening.