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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

Company Overview:

LCEC is dedicated to delivering dependable and competitively priced electricity to over 242,000 customers across a five-county region in Southwest Florida. With a workforce of approximately 435 skilled professionals, we stand as one of the 900+ electric distribution cooperatives in the United States. Our commitment to excellence has earned us local and state recognition as an industry leader, along with various civic, environmental, and professional accolades.

Role Summary:

The Senior Compensation and Benefits Analyst is tasked with the formulation, execution, and management of a comprehensive Compensation and Benefits framework, encompassing policies, practices, and guidelines. This role also oversees LCEC's job description repository, ensuring that all job descriptions reflect the most current responsibilities and qualifications. Furthermore, the Analyst ensures adherence to all regulatory requirements concerning compensation and benefits. A key responsibility includes the design and administration of a holistic Wellness Program aimed at enhancing the physical, mental, and financial well-being of employees and their families, which includes oversight of the onsite Wellness Center.

Key Responsibilities:

  • Collaborate strategically to design, develop, and implement a Total Rewards program that attracts, engages, and retains talent aligned with business goals.
  • Conduct in-depth analyses, review utilization data, and identify trends to assess program effectiveness, providing timely and actionable recommendations.
  • Perform advanced administrative, technical, and analytical tasks in support of compensation governance, including salaries, allowances, incentives, and benefits plans.
  • Utilize professional judgment to ensure compliance with ERISA, FLSA, IRS, and other relevant regulations governing Compensation and Benefits.
  • Audit compensation practices to ensure alignment with federal and state wage and hour laws and internal policies.
  • Conduct job evaluations and analyses to apply an appropriate job evaluation system, determining the relative importance of roles and assigning suitable job grades.
  • Establish a coherent salary structure and a robust salary administration process that links compensation to performance outcomes.
  • Manage annual compensation activities, including market pay adjustments, merit increases, and short-term incentive plans, ensuring internal equity.
  • Engage in specialized tasks related to compensation administration, salary surveys, position audits, and collective bargaining agreements, supporting the bargaining process with updated contract language and documentation.
  • Oversee vendor management, contract evaluations, plan design, system coordination, communication, and competitive benchmarking.
  • Act as a liaison with Pension and 401(k) Administrators, Trustees, Insurers, and other entities to ensure effective cost management and service delivery.
  • Prepare annual budgets for compensation and benefits plans, assess actual personnel costs, and propose budget adjustments as necessary.
  • Serve as an internal consultant for management, HR teams, and employees regarding compensation and benefits inquiries.
  • Develop and implement wellness strategies aimed at enhancing the overall well-being of employees.
  • Supervise the Wellness Center's services, including prescriptions, immunizations, and programs available to employees and their families.
  • Promote wellness initiatives and educate staff and families about available opportunities.
  • Provide timely and accurate 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 vendor.
  • Prepare reports and presentations on compensation and benefits, creating communication materials for stakeholders, including the Board of Trustees and Executive Steering Committee.

Qualifications:

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

Experience:

  • A minimum of seven (7) years of proven experience in job evaluation and compensation analysis, including oversight of variable pay plans (Required).
  • A minimum of seven (7) years of demonstrated experience in benefits design, administration, and compliance, with knowledge of self-funded insurance plans (Required).

Skills and Abilities:

  • Strong analytical capabilities, with the ability to interpret statistical and financial data and provide data-driven insights (Required).
  • High level of professional discretion and the ability to handle confidential information (Required).
  • Experience with Human Capital Management (HCM) Systems (Required).
  • Ability to work independently and collaboratively within a team (Required).
  • Proficiency in Microsoft Office, with advanced skills in Excel (Required).
  • Extensive vendor management experience (Required).
  • Familiarity with wage and hour regulations and compensation principles (Required).
  • Detail-oriented, highly organized, and skilled in project management (Required).
  • Exceptional time management skills with the ability to meet deadlines (Required).
  • Strong written and verbal communication skills, with the ability to engage and influence stakeholders (Required).
  • Ability to build effective working relationships at all organizational levels (Required).
  • Customer service-oriented with a collaborative approach (Required).
  • Proactive problem-solving skills (Required).
  • Results-driven mindset (Required).
  • Strong business acumen (Required).
  • Experience in data analytics and modeling (Preferred).
  • Prior experience in a Union environment (Preferred).
  • Previous strategic-level work experience (Preferred).

Physical Requirements and Work Environment:

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

Physical Demands:

  • Occasional standing and walking.
  • Constant sitting.
  • Rarely lifting, carrying, pushing, or pulling.
  • Occasional handling and grasping.
  • Constant talking and hearing.
  • Frequent repetitive motions.

Work Environment: Primarily an air-conditioned office setting, with rare exposure to extreme temperatures or hazardous conditions.

Emergency Response Requirements: Participation in emergency response activities is a condition of employment, as LCEC provides essential services during crises. Employees are expected to fulfill their regular duties or other assigned tasks during such events.

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