Compensation & Benefits Analyst

Job Description

Overview Comp and Benefits Analyst will help us execute the Compensation and Benefits administration. This role will help create and execute a compelling Total Rewards framework looking into aspects of Compensation and Benefits. We are looking for a stellar candidate with strong strategy and execution, who is well versed with industry insights and practical knowledge on all Total Rewards matters. Responsibilities Be the Compensation and Benefits Analyst for India Processes benefit transactions for new hires, terminations, qualifying events, and open enrollment into HR systems and vendor portals as required. Acts as point of contact for external vendors to ensure high levels of service, accuracy, and compliance adherence Leads annual and specified open enrollment processing and implementation using set guidelines. Responsible for the administration all leave types working closely with third party leaves administrator as necessary Reconciles benefits invoices monthly and interacts with insurance carriers and brokers to resolve issues as required relating to billing. Records benefits invoice amounts on annual tracking spreadsheet for budget planning. Conduct research, analyze potential benefit changes, and provide recommendations to management Updating and creating benefit policies and procedures Review and prepare employee communication materials while also providing input into an employee communication strategy Coordinate with vendors and process all Workers Compensation Claims as needed Update benefits information and content within iCIMS shared sites as well as within vendor systems Maintains an appropriate level of knowledge regarding local and global benefits laws and regulations to ensure compliance with benefits programs and timely filing of financial reports and forms and ensure ACA compliance. Ensures process and plan documents are complete, current, communicated, and stored appropriately Working with the global team, understanding the comp benchmarking details and market pricing. Strong practical understanding on the compensation and benefits landscape and provide advice on the right direction to help scale our talent strategy (recruitment and retention). Prior experience working with salary benchmarking surveys and tools required Overseeing our wellness and benefits offerings and management. Conducts benefits benchmarking and provides guidance on the keeping our benefits in line with our employer value proposition Qualifications Graduation / MBA from any business school with a human resource or business-related degree 8 years of experience working in HR domain with 5 years of experience focused on managing Compensation and Benefits administration for US and India region Have worked for international companies with Rewards experience and a consulting background is preferrable Strong communication skills. Able to influence stakeholders with compelling data analysis and story telling Deep expertise in budgeting, vendor assessment, data requirement gathering, project management and process design & governance Strong networks and connections within the peer companies Thorough understanding of the market landscape and practices in the compensation and benefits space Experience solving complex problems, designing creative and innovative strategies, and delivering significant impact with specialist domain knowledge and technical expertise of compensation and benefits. Experience managing vendor related implementations, change management, and implementation. Analytical bias, a keen eye for detail, and the ability to analyse data trends and themes. Be comfortable with complex data with a strength in using excel, and strong data analytical skills Be able to demonstrate confidence, influence, and credibility Be able to work under pressure and maintain attention to detail Strong focus on optimising for technology and efficiency The required education and years of experiences seem heavy if we are looking to hire at a less experienced level but defer to your judgement on norms in the market. [AN1] [AN1] Thank you for this feedback..will also add a graduate degree..In India it is a norm to complete Masters for such roles in Talent. Included 5 years relevant experience in Rewards for this role [KS2]