Rewards Analyst

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Pay range: $79,788.80/yr - $/yr

The Total Rewards Analyst is part of the human resources team and provides technical and analytical support to the organization’s compensation and benefits functions. Administers programs; provides timely and efficient service and support; and conducts research, analytical reporting and auditing to ensure accuracy and compliance with applicable policies, procedures, regulations, and laws.

Performed majority of the time:

• Apply expertise, analytical and administrative skills to provide timely and effective administration of compensation and benefits programs. Assist HR partners and managers in addressing compensation and benefits matters by researching issues, analyzing data, and providing information, education/training and talking points. Partner and coordinate with vendors to research and resolve issues.
• Ensure accuracy and consistency of compensation and benefits programs. Develop and maintain audit reports to ensure data integrity, identify and resolve discrepancies. Prepare and present metrics and reports to monitor trends, identify risks and opportunities, and make data-supported recommendations.
• Administer compensation program:
  Provide guidance in setting starting pay for new hires and transfers/jobs changes. Process step/quartile increases, certification and incentive pay, tuition reimbursement, PLH cash out, entry/upload processes, union contract implementation/updates. Assist in reviewing and perfecting position information questionnaires for new and existing positions. Advise managers on appropriate job description content, including essential job functions, KSA’s and minimum qualifications. Create and/or revise job descriptions.
  
  Create new job codes. Maintain job/compensation tables. Conduct position evaluations for new positions or updated positions and assign pay grade and FLSA classifications in accordance with HMC guidelines/policies and state and federal regulations.
• Administer employee benefit plans:
  Process and audit the entry of benefits elections for new hires, employees with qualifying life event changes, and annual open enrollment by utilizing benefit enrollment software, HRIS databases, and other tools and technology as needed. Facilitate new hire benefit orientations and conduct ad hoc education and training sessions.
• Administer retirement programs:
  Process and audit initial retirement elections and changes. Coordinate with retirement vendors to address retirement program questions/resolve issues. Help employees understand and enroll in the program and to initiate benefits. Administer retirement vendor invoicing. Process necessary EPCRS and retirement contribution corrections. Manage formal dispute process. Provide analytical and administrative support for annual reporting and projects including, but not limited to, coordinating annual 5500 audit and PBGC payments.
  
  Manage match calculations and corrections and annual cash-outs for former employee accounts under threshold limits. Update and maintain all plan documentation with attorney and Fiduciary Committee review. Implement retirement plan changes or enhancements. Arrange communication updates and quarterly retirement program training sessions. Assist with planning and support for the Fiduciary Committee; attend and participate in Fiduciary Committee meetings.
• Ensure compliance with State and Federal regulations related to total rewards programs. Assist in updating required employer notifications (e.g. Summary Plan Descriptions) on the employee Intranet website. Initiate and coordinate reporting, preparation of forms (e.g. Form 5500s and non-discrimination testing) for Health and Welfare plans.

Performed occasionally but critical to successful performance of the job:

• Assist in annual and ad hoc evaluation and updating of Total Rewards programs.
• Participate in plan reviews and renewal meetings. Coordinate benefits open enrollment, including communications, events/activities, system configuration, testing troubleshooting and updating employee benefit elections.
• Assist with wage…