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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 area in Southwest Florida. With a workforce of approximately 435 skilled professionals, we stand as one of the more than 900 electric distribution cooperatives in the United States. LCEC has consistently been recognized as a leader in the industry, receiving numerous accolades for our community involvement and contributions to civic, environmental, and professional initiatives.

Role Summary:

This role is pivotal in the formulation, execution, and management of a holistic Compensation and Benefits framework, encompassing policies, practices, and guidelines. The incumbent will oversee LCEC's job description repository, ensuring that all job descriptions reflect the most current responsibilities and qualifications. Additionally, this position will ensure adherence to all governmental regulations concerning compensation and benefits. The role also includes the design and administration of a comprehensive Wellness Program aimed at enhancing the physical, mental, and financial wellbeing of employees and their families, including oversight of the onsite Wellness Center.

Key Responsibilities:

  • Serve as a strategic partner in the design, development, implementation, and management of a Total Rewards program that attracts, engages, and retains talent aligned with business goals.
  • Conduct in-depth analyses, review utilization and experience data, and identify trends to assess program effectiveness, providing timely and actionable recommendations for improvements.
  • Engage in complex administrative, technical, and analytical tasks supporting compensation governance related to salaries, allowances, incentives, and organizational benefits.
  • Utilize professional judgment to ensure compliance with ERISA, FLSA, IRS, and other regulations pertaining to Compensation and Benefits.
  • Audit compensation practices to ensure alignment with federal and state wage and hour laws and internal policies.
  • Perform internal and external job evaluations to apply a suitable job evaluation system, determining the relative importance of positions and assigning appropriate job grades.
  • Establish a competitive salary structure and effective salary administration processes that link compensation to performance.
  • Manage annual compensation activities, including market pay adjustments, merit increases, and short-term incentive plans, ensuring internal equity.
  • Oversee specialized activities related to compensation administration, salary surveys, position audits, and collective bargaining agreements, supporting the negotiation process with updated contract language and documentation.
  • Handle vendor management, contract evaluations, plan design, system coordination, communication, and competitive benchmarking.
  • Collaborate with Pension and 401(k) Administrators, Trustees, Insurers, and other entities to ensure cost-effectiveness and smooth program administration.
  • Prepare annual budgets for compensation and benefits plans, assessing actual personnel costs and proposing necessary adjustments.
  • Act as an internal consultant for management, HR teams, and employees regarding compensation and benefits matters.
  • Develop and implement the organization's wellness initiatives aimed at improving the overall wellbeing of employees.
  • Oversee the Wellness Center, ensuring effective services, prescriptions, immunizations, and programs for employees and their families.
  • Promote wellness opportunities to staff and their families.
  • 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 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 compensation analysis, including oversight of all related programs and processes (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 skills with the ability to interpret statistical and financial data to provide data-driven recommendations (Required).
  • High level of professional discretion and capability 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, particularly advanced Excel skills (Required).
  • Extensive vendor management experience (Required).
  • Knowledge of wage and hour regulations and compensation principles (Required).
  • Detail-oriented, highly organized, with proven project management skills (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 orientation combined 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).
  • Familiarity with union environments (Preferred).
  • Prior experience in strategic-level roles (Preferred).

Physical Demands and Work Environment:

The physical demands and characteristics of the work environment 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, pulling, climbing, balancing, stooping, kneeling, crouching, crawling, reaching, handling, and grasping.
  • Constant talking and hearing.
  • Frequent repetitive motions and coordination of eye/hand/foot.

Work Environment: The role is primarily conducted in an air-conditioned office environment, with rare exposure to extreme temperatures, humidity, noise, hazards, and other atmospheric conditions.

Emergency Response Requirement: 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 LCEC members.

All candidates will undergo a background check and drug screening prior to employment.