Compensation & Benefit Analyst

$80,000 - $110,000/Yr

Disability Solutions - Torrance, CA

Full-time - Mid Level

Torrance, CA

Administrative and Support Services

About the position

The function of this job is to act as an internal consultant to the Human Resources department and cross-functional business leaders. The role will help maintain our organization's global compensation plans, programs, and policies. This position will also play a supporting role to our Benefits Manager, providing administrative support and department coverage. In addition, this role will participate in position benchmarking, job description creation, job valuation, data analysis, salary structure administration, as well as participation in any Total Rewards related projects and initiatives. This role will help drive continued compensation strategy, the annual merit process, market adjustment initiatives, process improvement initiatives, and HR system updates. In this position, you will partner with HR Business Partners, Talent Acquisition, and Business leaders in finalizing global compensation packages that are internally equitable and externally competitive. You will contribute to the ongoing development and governance of the compensation philosophy, continually evaluate compensation programs to ensure they are legally compliant, competitive, aligned with the overall compensation philosophy, and driving the appropriate business results. You will manage the compensation function and administer compensation-related programs and policies, conduct market analysis of jobs to determine competitive positioning of pay programs, and participate in annual salary administration projects, including salary structure evaluation and maintenance. Additionally, you will provide compensation data and data analysis to business leaders, and assist the Benefits Manager with administrative tasks such as processing billing and resolving discrepancies with insurance providers, approving and monitoring employee selections and payroll deductions in the benefit administration system, completing weekly internal payroll reports, and creating required reports including census, enrollment summaries, and audit files. You will also assist with the day-to-day activities of the organization's benefit programs and perform additional duties as assigned.

Responsibilities

• Act as an internal consultant to the Human Resources department and cross-functional business leaders.
• Maintain the organization's global compensation plans, programs, and policies.
• Support the Benefits Manager by providing administrative support and department coverage.
• Participate in position benchmarking, job description creation, job valuation, and data analysis.
• Administer salary structure and participate in Total Rewards related projects and initiatives.
• Partner with HR Business Partners, Talent Acquisition, and Business leaders to finalize global compensation packages.
• Contribute to the development and governance of the compensation philosophy.
• Evaluate compensation programs for legal compliance and competitiveness.
• Manage the compensation function and administer related programs and policies.
• Conduct market analysis of jobs to determine competitive pay positioning.
• Participate in annual salary administration projects, including salary structure evaluation and maintenance.
• Provide compensation data and analysis to business leaders.
• Assist the Benefits Manager with processing billing and resolving discrepancies with insurance providers.
• Approve, monitor, troubleshoot, and audit employee selections and payroll deductions in the benefit administration system.
• Complete weekly internal payroll reports and fund employee accounts (HSA and 401K).
• Create and prepare required reports including census, enrollment summaries, and audit files.
• Assist with day-to-day activities of the organization's benefit programs.
• Perform additional duties as assigned.

Requirements

• Bachelor's degree in related field or equivalent experience in Compensation and Benefits.
• Minimum of 3-5 years experience working in Compensation and Benefits.
• Demonstrated subject matter expertise in all areas of compensation program design and administration.
• Strong skills in Microsoft Office suites (Excel, Word, PowerPoint).
• Strong skills in HRIS and Talent Management platform administration.
• Strong communication and presentation skills.
• Ability to prioritize tasks and work independently on complex issues.
• Experience collaborating with internal stakeholders at all levels.
• Knowledge of federal and state labor laws such as FLSA, OFCCP regulations regarding pay, minimum wage, and the Equal Pay Act.

Nice-to-haves

• Strong skills in HRIS and Talent Management specifically in the Dayforce platform.
• Experienced executive communicator, preferably with C-Suite Leaders.
• Global compensation program experience preferred.