Benefits & Compensation Manager (Project Management)
Position Summary:
The Compensation and Benefits Manager will manage the design, implementation, administration, communication, and ongoing evaluation of the organization's compensation and benefits programs, policies, and procedures. Ensures that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Develops and manages compensation and benefits budgets. Oversees compensation processes, including survey participation, job evaluation, salary structure development, base pay administration, incentive plan design and analysis. Manages benefits planning and programs including health and welfare, retirement, work life, recognition and engagement programs. May select and manage outsourced providers.
Job 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 organizations 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.
Implementing appealing rewards
Reviewing and updating existing benefit and compensation-related policies
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.
HR, Benefits or equivalent certification preferred.
