Compensation & Benefits Analyst

22 hours ago

Granville, OH, United States Denison University Full time

The Compensation & Benefits Analyst is responsible for the day-to-day administration of Denison's Compensation & Benefits programs. Primary duties will center around ensuring that we are maximizing the utility of the Workday system to effectively and efficiently deliver Total Rewards to the Denison community. This role helps to ensure that benefits and compensation programs are accurate, efficient, compliant and promote an exceptional employee experience. The C&B Specialist will serve as the key point of contract for employees, retirees and vendors while overseeing the daily administration of all C&B programs. The ideal candidate will possess highly developed organization and technical skills, along with the ability to effectively communicate difficult or complex ideas and the background and experience to assist with benefit strategy and design.

Overview:

This role helps to ensure that benefits and compensation programs are accurate, efficient, compliant and promote an exceptional employee experience. The C&B Specialist will serve as the key point of contact for employees, retirees and vendors while overseeing the daily administration of all C&B programs. The ideal candidate will possess highly developed organization and technical skills, along with the ability to effectively communicate difficult or complex ideas and the background and experience to assist with benefit strategy and design:

Essential Functions:

  • Assist the Manager of Total Rewards with the administration of all benefit and compensation programs, including health, dental, vision, disability and retirement plans while partnering closely with our outside vendors.
  • Manage Open Enrollment planning and execution, including communications, vendor coordination and Workday testing.
  • Regularly evaluate the effectiveness of our Benefit plans and recommend changes that reflect the needs or our employees, applicable legal requirements and market best practices.
  • Manage relationships with outside providers, consultants and brokers to ensure cost effective, high quality and cost effective services.
  • Lead the communication to and education of participants regarding Total Reward programs (e.g. Open Enrollment, Retirement Plan participation, Merit Increases, etc.).
  • Ensure that all Rewards programs comply with applicable Federal, State and Local laws and regulations. Support and prepare documentation for annual 5500 filings and any audits. Conduct and/or facilitate internal audits and prepare the necessary documents to enable outside auditors to complete their work.
  • Identify opportunities to automate manual processes and strengthen data integrity. Maintain and develop reporting and dashboards to provide actionable insights to HR leadership.
  • Generate and analyze reporting and metrics to evaluate program effectiveness, identify trends and make data-driven recommendations.
  • Performs other duties as assigned.
  • Team Lead/Individual Contributor: Serves as a lead over other employees and may be responsible for training, scheduling, or assigning work. May recommend the following to the direct supervisor: employee hiring, disciplinary action, and starting salaries; provides input on employee performance evaluations.
  • Fiscal Responsibility: This job does have budget responsibilities (approving/paying invoices


Level of Education:

Required: Bachelor's Degree

Preferred: CEBS Designation

Relevant experience can be substituted for education: 5 years of experience managing benefit plans.

Work Experience:

Required: 5(+) years managing benefit programs using Workday systems

Preferred: Supervisory experience

Key Attributes:

Analytical Thinking: Expert ability to identify issues, obtain relevant information, analyze and compare data from different sources, and identify alternative solutions.

Critical Thinking: Expert ability to interpret and seek information, use independent reasoning to diagnose the root cause of situations or issues, identify and test solutions and think beyond what is typical or customary. Use information to determine benefits and impact in making decisions and/or recommendations.

Project/Program/Service Management: Expert ability to coordinate and administer programs/project activities and protocols. Ability to manage resources, monitor activities, and assess risks and quality issues associated with the program/project.

Written and Oral Communications: Expert ability to present information to individuals or groups; ability to deliver presentations suited to the characteristics and needs of the audience. Ability to convey information clearly and concisely to groups or individuals either verbally or in writing to ensure that they understand the information and the message. Ability to listen and respond appropriately to others. Ability to impact and influence others to further the institution's strategic objectives.

Technical, Computer, and Software Skills: Intemediate ability to use Microsoft Office (Excel, PowerPoint, Word) and basic databases and software.

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