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Lead Compensation and Benefits Specialist

2 months ago

Fort Myers, Florida, United States LCEC Full time

Senior Compensation and Benefits Analyst - Job Overview

About LCEC:

LCEC is dedicated to delivering dependable and competitively priced electricity to over 242,000 customers across a five-county area in Southwest Florida. With a workforce of approximately 435 skilled professionals, we stand as one of the 900+ electric distribution cooperatives throughout the United States. Our commitment to excellence has earned us recognition both locally and statewide, highlighting our employees' contributions to the community and their achievements in civic, environmental, and professional realms.

Role Summary:

The Senior Compensation and Benefits Analyst is tasked with the formulation, development, and execution of a holistic Compensation and Benefits framework that encompasses policies, practices, and guidelines. This role also involves overseeing LCEC's job description repository, ensuring that all job descriptions reflect the most current responsibilities and qualifications. Furthermore, the Analyst is responsible for ensuring compliance with all applicable government regulations pertaining to compensation and benefits. A key component of this position is the design and management of a comprehensive Wellness Program that prioritizes the physical, mental, and financial wellbeing of employees. This includes overseeing the Wellness Center and the services and programs available to employees and their families.

Key Responsibilities:

  • Serve as a strategic partner in the design, development, implementation, and administration of a Total Rewards program aimed at attracting, engaging, and retaining talent to fulfill business objectives.
  • Conduct in-depth analyses, review utilization and experience data, and identify trends to assess program effectiveness; provide timely and actionable recommendations for improvement.
  • Engage in complex administrative, technical, and analytical tasks to support compensation governance concerning salaries, allowances, incentives, and both fixed and variable bonuses, alongside organizational benefits and welfare plans.
  • Utilize professional judgment to ensure adherence to ERISA, FLSA, IRS, and other governmental regulations related to Compensation and Benefits.
  • Audit compensation practices to guarantee compliance with federal and state wage and hour laws and internal pay policies.
  • Perform internal and external job evaluations to apply an appropriate job evaluation system that determines the relative importance of roles and assigns suitable job grades.
  • Establish a sound salary structure and administration process that aligns salary with performance.
  • Oversee annual compensation practices, including market pay adjustments, merit pay, and short-term incentive plans, ensuring internal equity.
  • Conduct specialized tasks related to compensation administration, salary surveys, position audits, and collective bargaining agreements; support the collective bargaining process by updating contract language and providing necessary documentation.
  • Manage vendor relationships, contract reviews, plan design, system enablement coordination, communication, and competitive benchmarking.
  • Collaborate with Pension and 401(k) Administrators, Trustees, Insurers, and other agencies to ensure cost-effectiveness and efficient program administration.
  • Prepare annual budgets for compensation and benefits plans, assess actual personnel costs, and propose budget adjustments as needed.
  • Act as an internal consultant for management, HR teams, and employees regarding compensation and benefits matters.
  • Develop and manage the organization's wellness initiatives aimed at enhancing the physical, mental, and financial health of all employees.
  • Oversee the Wellness Center's services, prescriptions, immunizations, and programs available to employees and their families.
  • Promote and educate staff and families about wellness opportunities.
  • Provide accurate and timely information to employees concerning compensation and benefits.
  • Facilitate employee onboarding and training related to compensation and benefits programs.
  • Manage the open enrollment process for annual benefits selections.
  • Address employee inquiries and concerns regarding compensation and benefits, escalating complex issues to the appropriate benefit vendor.
  • Prepare reports and presentations related to compensation and benefits; create communication materials and deliver presentations to the organization, including Board of Trustees and Executive Steering Committee members.

Qualifications:

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

Experience:

  • A minimum of seven (7) years of demonstrated experience in job evaluation and related best practices, including compensation analysis and oversight of all related programs, processes, and guidelines (Required).
  • A minimum of seven (7) years of demonstrated experience in benefits design, administration, and compliance, with a working knowledge of self-funded insurance plans (Required).

Skills and Abilities:

  • Strong analytical skills; ability to analyze statistical and financial data and provide data-driven recommendations (Required).
  • High level of professional discretion and capability to handle confidential and sensitive information (Required).
  • Experience with Human Capital Management (HCM) Systems (Required).
  • Ability to work independently and collaboratively as part of a team (Required).
  • Proficiency in Microsoft Office, with advanced skills in Excel (Required).
  • Extensive vendor management experience (Required).
  • Working knowledge of wage and hour regulations and compensation principles (Required).
  • Detail-oriented, highly organized, with proven project management skills (Required).
  • Exceptional time management abilities; capacity to meet deadlines (Required).
  • Strong written and verbal communication skills, with the ability to engage and influence (Required).
  • Ability to build effective working relationships at all organizational levels (Required).
  • Customer service-oriented with a collaborative mindset (Required).
  • Hands-on approach to problem-solving (Required).
  • Results-driven (Required).
  • Strong business acumen (Required).
  • Experience in data analytics and data modeling (Preferred).
  • Prior exposure to a Union environment (Preferred).
  • Experience in strategic-level work (Preferred).

Physical Requirements and Work Environment:

The physical demands and work 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

Work Environment: Constantly in an air-conditioned office environment, with rare exposure to extreme cold, extreme heat, humidity, wet conditions, noise, hazards, temperature changes, atmospheric conditions, and vibration.

Emergency Response Requirements: Participation in emergency response activities is a condition of employment. Employees are expected to engage in response and recovery efforts during emergencies to maintain service to our members. Proper compensation will be provided in accordance with company guidelines and procedures.

Note: Candidates will undergo a background check and drug screening upon receiving a job offer.