Senior Compensation Analyst

$140,250 - $233,750/Yr

8X8 Incorporated - Campbell, CA

Full-time - Mid Level

Campbell, CA

Merchant Wholesalers, Durable Goods

About the position

The Senior Compensation Analyst at 8x8 Inc. plays a crucial role in managing and analyzing the company's compensation and benefits programs. This position focuses on financial management, compliance, data analysis, and process improvement related to employee benefits and compensation. The analyst collaborates with various departments to ensure accurate reporting and compliance, particularly concerning US 401(k) and self-insured programs. This role is essential for supporting decision-making processes and enhancing the overall effectiveness of the total rewards programs.

Responsibilities

• Oversee the financial operations related to employee benefits programs.
• Manage benefit plan budgets, forecasting, and financial reporting related to US self-insured plans.
• Reconcile and/or participate in the timely funding of benefit-related expenses (401(k), self-insured plans, spending accounts, Leaves of Absence payments).
• Ensure compliance with global benefits programs.
• Monitor federal, state, and local regulations related to US employee benefits.
• Monitor industry trends and legislative changes to maintain compliance and competitiveness.
• Prepare and file necessary regulatory reports and documentation related to benefits.
• Assist in internal and external benefit audits.
• Assist with the 401(k) Non-Discrimination Testing and audit processes, particularly owning the Financial Statements.
• Analyze and interpret benefits data to identify trends, discrepancies, and areas for improvement.
• Gather, analyze, and report on compensation and benefits data to support decision-making processes.
• Generate financial reports and provide insights to support decision-making.
• Evaluate the financial impact of benefits programs and identify trends.
• Analyze and interpret compensation data to ensure internal equity and external competitiveness.
• Assist with the preparation of compensation-related sections of regulatory filings, including proxy statements.
• Assist in administering employee benefits programs, such as health insurance, retirement plans, wellness programs, and other perks.
• Conduct regular audits of benefits programs to ensure compliance with legal requirements and company policies.
• Analyze benefits utilization and costs to recommend plan modifications and improvements.
• Develop and enhance procedures for benefit accounting and reporting.
• Implement best practices and streamline processes to increase efficiency.
• Provide training and support to HR and finance team members on benefits-related financial topics.
• Participate in and lead total rewards-related projects and initiatives.
• Collaborate with cross-functional teams to implement and optimize total rewards programs.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• 5 years of experience in compensation and benefits analysis or a related HR or Finance role.
• Strong analytical skills and proficiency in data analysis and HR tools (e.g., Excel, Workday, ADP, Papaya).
• Excellent communication and presentation skills.
• Knowledge of compensation, benefits regulations, best practices, and 401k reporting requirements is mandatory.
• Prior experience with self-insured medical programs is a definite plus.
• Certification in Compensation (e.g., CCP), benefits (e.g., CEBS), or Certified Public Accountant (CPA) qualification is expected.

Nice-to-haves

• Exceptional data analytical and problem-solving skills.
• In-depth expertise in spreadsheet creation, management, and presentation.
• Attention to detail and accuracy.
• Ability to handle sensitive information confidentially.
• Strong organizational and project management abilities.
• Proficiency in Workday and other relevant software applications is expected.
• Knowledge of statistical analysis and data reporting.

Benefits

• Competitive salary range based on location and experience.
• Discretionary merit increases, bonuses, and/or stock options may be available.
• Opportunities for additional rewards based on performance.