This job summary is for a Compensation and Benefits Administrator position. The key responsibilities of the role include administering employee insurance, savings plans, and compensation programs; ensuring compliance with regulations; researching competitive benefits; and advising employees. A bachelor's degree, 5 years of experience in benefits administration, and knowledge of HR laws and software are required for the position.
This job summary is for a Compensation and Benefits Administrator position. The key responsibilities of the role include administering employee insurance, savings plans, and compensation programs; ensuring compliance with regulations; researching competitive benefits; and advising employees. A bachelor's degree, 5 years of experience in benefits administration, and knowledge of HR laws and software are required for the position.
This job summary is for a Compensation and Benefits Administrator position. The key responsibilities of the role include administering employee insurance, savings plans, and compensation programs; ensuring compliance with regulations; researching competitive benefits; and advising employees. A bachelor's degree, 5 years of experience in benefits administration, and knowledge of HR laws and software are required for the position.
The Compensation and Benefits Administrator coordinates and manages the employee compensation and benefits programs.
Super vis ory Re sponsibil ities :
None.
Dut ies/ Re sponsibi lities :
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.
Requi red Skills/ Abilitie s:
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 Experi ence: 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.
Phy sic al Requi reme nts :
Prolonged periods of sitting at a desk and working on a computer. Must be able to lift up to 15 pounds at a time.