Total Rewards Analyst

RLI Corp. - Peoria, IL

Full-time - Entry Level

Hybrid - Peoria, IL

Insurance Carriers and Related Activities

About the position

The Total Rewards Analyst supports the administration of the company's compensation structure, financial benefits, and company benefit plans. This role involves administering short-term and long-term incentive plans, maintaining procedures and policies, and coordinating various projects to ensure effective management of employee compensation and benefits.

Responsibilities

• Administers company short-term incentive plans including creation, maintenance, and communication of bonus plans, bonus calculations, and monthly bonus accruals and reconciliations.
• Administers aspects of the company's long-term incentive (LTI) plans, including preparation and entry of monthly, quarterly, and annual stock option/RSU grants in Shareworks and processing of stock options exercises/RSU releases.
• Prepares any related participant communications and completes any related reporting as necessary.
• Prepares monthly journal entry for any LTI activity.
• Administers deferred compensation plans including maintenance, communication, and processing of annual enrollment and distributions.
• Reconciles and submits employee deferred comp contributions each payroll and completes any related reporting as necessary.
• Validates and processes 401k contributions each pay period and performs biweekly reconciliations over 401k.
• Assists with ESOP diversification and distribution requests (LIFO calculations).
• Prepares the Compensation Discussion and Analysis (CD&A) disclosure for the company's annual proxy statement.
• Maintains and updates procedures, policies, and internal processes as needed to support function.
• Coordinates special projects when needed.

Requirements

• Typically requires a bachelor's degree in human resources, accounting, business administration, or in a related field.
• 2+ years of related experience.
• Workday experience and certifications relative to function a plus or equivalent level of education and experience.

Nice-to-haves

• Ability to operate in a fast-paced environment.
• Ability to use critical thinking and analytical methods with complex financial situations to find creative yet workable solutions.
• Ability to manage multiple projects and/or priorities simultaneously.
• Ability to demonstrate attention to detail and strong organizational skills.
• Ability to formulate and communicate findings and recommendations to HR staff and management on matters of compensation and benefits.
• Ability to use spreadsheet software to summarize and analyze large amounts of employee data.
• Ability to maintain the highly confidential nature of human resources work.

Benefits

• Employee stock ownership plan (ESOP)
• 401(k) — automatic 3% company contribution
• Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary)
• Annual bonus plans
• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program
• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x Base Salary for Group Life and AD&D insurance
• Voluntary life insurance for purchase
• Critical Illness & Accident insurance
• Short-term and long-term disability benefits