COMPENSATION AND BENEFITS ADMINISTRATOR
Job Summary:
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The Compensation and Benefits Administrator coordinates and manages the employee compensation and benefits programs.
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Supervisory Responsibilities:
· None.
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.
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