Compensation and Benefits Specialist
2 months ago
ABOUT AVAIL INFRASTRUCTURE SOLUTIONS
Avail Infrastructure Solutions is a leader in providing advanced technologies, mission-critical equipment, and specialized services within the electrical and welding sectors. With a workforce of over 1,750 employees, we operate through a network of 15 strategically positioned manufacturing facilities worldwide. At Avail, we value your contributions and provide ample opportunities for professional growth at every stage of your career.
POSITION SUMMARY
Reporting directly to the Benefits Manager and indirectly to the Senior Director of Total Rewards, the Compensation and Benefits Analyst plays a crucial role in the research, design, and management of the Company's Total Rewards program. This includes areas such as health and welfare benefits, retirement plan administration, compensation planning, annual salary survey submissions, market assessments, and compliance audits. Effective communication with both internal and external cross-functional teams is essential. A proven track record of accuracy in data management, exceptional Excel skills, and strong communication and time management abilities are required.
KEY RESPONSIBILITIES
- Oversee and process new hire enrollments, qualified life events, open enrollment, and Evidence of Insurability requests using the Plan Source benefits enrollment tool, ensuring compliance and timely actions in collaboration with HR Business Partners.
- Coordinate with the payroll team to manage benefit deductions arrearage processes.
- Monitor departmental correspondence, complete Qualified Medical Support Orders, and update benefit enrollments in the Plan Source benefits enrollment tool.
- Assist in reviewing benefit communication materials, reports, and plan documents.
- Manage email requests via the Benefits Inbox, escalating issues as necessary.
- Conduct market analysis for various positions to develop compensation recommendations based on internal and external benchmarks.
- Create and maintain an electronic library of job descriptions, ensuring consistency and accuracy.
- Administer the Company's 401(k) plan, including monitoring error reports, enrollment, funding, and plan audits.
- Support annual compensation planning and incentive cycles, preparing reports and validating data.
- Participate in salary surveys and analyze results to ensure market competitiveness.
- Drive continuous improvement in processes, documentation, and communication.
- Ensure compliance with plan documents and legal regulations, staying informed about changes in laws and provisions.
- Collaborate with HRIS, Benefits, Payroll/Finance, and other stakeholders to manage enhancements in relevant workflows and processes.
- Conduct regular audits to verify data and process accuracy.
- Stay updated on federal, state, and local compensation laws and market practices.
- Perform additional duties as assigned.
This job description is not exhaustive and may be amended to include new responsibilities or modify existing ones as deemed necessary by leadership. All employees are expected to adhere to safety practices and procedures.
QUALIFICATIONS
To succeed in this role, candidates must meet the following qualifications:
- 4 to 7 years of experience in benefits and data analytics, particularly in 401(k) plan administration.
- Strong written and verbal communication skills.
- Excellent organizational and time management capabilities.
- Robust analytical and problem-solving skills.
- Able to foster collaborative relationships with peers, colleagues, and clients.
- Capable of working independently and as part of a team in a fast-paced, deadline-driven environment.
- Self-motivated with a keen attention to detail and reporting.
- Proficient in Microsoft Office Suite, particularly advanced Excel skills.
- Experience with ADP and PlanSource or similar benefits enrollment tools is preferred.
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