Comp/Benefits Hr

by


COMPENSATION AND BENEFITS ADMINISTRATOR

Job Summary:

The Compensation and Benefits Administrator coordinates and manages the employee compensation and benefits programs.

 

Supervisory Responsibilities:

Duties/ Responsibilities:

  • Administers employee insurance programs including life, disability, and health insurance plans.
  • Administers employee savings plans that may include the company’s 401(k) plan, personal savings plans, and deferred compensation programs.
  • Advises and informs employees of changes and developments related to benefits including eligibility, coverage, and provisions.
  • Researches and compares incentive compensation plans offered by demographically comparable organizations; assesses competitors’ plans and makes recommendations for enhancements or improvements required to keep the organization’s plans competitive and effective.
  • Facilitates accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators, or other appropriate service providers.
  • Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.
  • Conducts employee surveys, census, and other research and demographic efforts required to collect accurate quotes from benefit providers.
  • Identifies and selects carriers and plans based on quotes, available benefits, and prior experience.
  • Monitors administrators’ and insurance carriers’ reports to ensure the organization’s compliance with plan requirements.
  • Ensures the organization’s and plans’ compliance with the applicable provisions of COBRA, HIPAA, and ERISA.
  • Maintains knowledge of economic conditions, labor market, and other factors related to ensuring the organization provides competitive and reasonable benefits and compensation scales and structures.
  • Maintains knowledge of trends, developments, and best practices in compensation and benefits administration.
  • Performs other related duties as assigned.

Required Skills/Abilities:

  • Excellent verbal and written communication skills.
  • Extensive knowledge of employee benefits and compensation.
  • Strong analytical and problem-solving skills.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Thorough knowledge of COBRA, HIPAA, and ERISA requirements.
  • Proficient with Microsoft Office Suite or related software.

Education and Experience:

  • Bachelor’s degree in Human Resources, Business, Finance, or related required.
  • Five years of experience administering compensation or benefits programs required.
  • SHRM-CP or SHRM-SCP preferred.

Physical Requirements:

  • Prolonged periods of sitting at a desk and working on a computer.
  • Must be able to lift up to 15 pounds at a time.