Senior Benefits & Compensation Specialist

$67,500 - $108,000/Yr

South Jersey Industries - Folsom, NJ

Full-time - Mid Level

Folsom, NJ

1,001-5,000 employees

Utilities

About the position

As the Senior Total Rewards Specialist, you will significantly contribute to the execution of South Jersey Industries' healthcare, wellness, 401K and other benefit programs. You will also collaborate with vendors to guarantee the accurate and timely administration of benefits while providing exceptional customer service to our employees. In partnership with other Total Rewards leaders, you will assist in conducting analysis and interpretation related to the organization's compensation programs and assist in annual compensation planning.

Responsibilities

• Manage the 401(k) program, lead the annual 401 (k) audit, and respond to escalated 401(k) inquiries from employees relating to enrollments, plan changes and contribution amounts.
• Oversee the day-to-day management of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other perks.
• Ensure timely resolution of employee inquiries.
• Responsible for troubleshooting any data errors, process breakdowns, and employee escalations and working with vendors, payroll, and IT teams to perform a root cause analysis and correction of the errors identified.
• Assisting with the implementation of new benefit plans, systems, processes, vendors, and acquisitions.
• Develop employee education, communication material, and maintain web content designed to help employees understand company benefits and other related incentive programs.
• Assisting with the preparation and compliance of government filings, plan audits, and other tax-reporting requirements, including the Affordable Care Act (ACA).
• Evaluation of Benefits coverage, benchmarking, and cost analysis.
• Researching and analyzing key perspectives (employee, external labor market, cost, and workforce requirements).
• Incorporating traditional compensation and benefits elements as well as career frameworks, and work/life benefits.
• Evaluates the cost impact of changes to compensation or benefits packages.
• Provides assistance during annual compensation planning and open enrollment.

Requirements

• Good working knowledge of IRS, DOL, ERISA, FLSA, HIPAA, ACA, COBRA, FMLA and applicable regulations.
• Experience with the administration of health plans and retirement plans for union/non-union employee populations.
• Proficient in Microsoft office including Excel and PowerPoint.
• Excellent research, problem solving, and analytical skills.
• Excellent verbal and written communication skills.

Nice-to-haves

• Advanced certification (CEBS, CBP, FSA, SHRM) is a plus.
• Experience working in HRIS platform a plus (Workday preferred).
• Experience in Compensation Administration preferred.
• Experience with market pricing and salary survey submission preferred.

Benefits

• Flexible vacation, Paid Time Off, and Sick Leave package
• Comprehensive Health, Dental, and Vision Insurance
• Short-term and Long-term Disability Insurance
• 401(k), with generous company match
• Employee Resource Groups to encourage employee engagement, nurture professional development, and foster an inclusive environment.