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Comp and Benefits Analyst

Marlborough, MA 01752

Posted: 03/28/2023 Employment Type: Direct Hire/Perm Job Category: Human Resources Job Number: 553337 Country: United States Is job remote?: No

Job Description


Compensation and Benefits Analyst 80k
Must have:

1-2 plus years comp analysis

Some exposure to benefits. 

 Heavy/Expert Excel
Nice to Have: 

 Certified Compensation Professional (CCP) or Certified Benefits Professional (CBP) a plus.


Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Prepares and maintains job descriptions for each position in the organization, ensures descriptions accurately reflect the work being performed by incumbents.

  • Ensures FLSA compliance by reviewing jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.

  • Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.

  • Interviews and surveys employees and managers to gather and document job, organizational, and occupational information including duties, responsibilities and skills required by each job.

  • Prepares and maintains job classifications, salary scales, bonus, and commission plans.

  • Gathers data from market-based compensation surveys; uses spreadsheet and data
    analysis techniques to assess results and market trends.

  • Identifies opportunities to enhance benefit processes and procedures to improve HCM and department efficiencies and the team member experience. 

  • Supports the Open Enrollment process.  Develops test plans and performs system testing to ensure that open enrollment runs smoothly, and employees are correctly enrolled in their elections (ex: open enrollment system changes, data audits with carriers, manual blackout reporting). 

  • Provides financial and business impact analysis on requested changes to benefits and compensation programs.

  • Spearheads organizational pay equity audits every other year. Completes annual salary surveys.


Job Competencies:

  • Extensive excel data analysis and reporting skills.

  • Familiarity with file management and Human Capital Management (HCM) systems. UKG experience a definite plus! 

  • Demonstrates intellectual curiosity.

  • Knowledge of state and federal laws and regulations with regard to compensation and benefit plans. 

  • Experience in managing compensation programs.

  • Strong knowledge of health and welfare benefit programs. 

  • Excellent analytical skills to research and evaluate benefits and compensation programs to make informed recommendations. 

  • The ability to present information clearly and in a manner that is understandable to managers and employees and to answer questions.

  • Responsible for tasks that are often unstructured and where the issues addressed are less defined, requiring new perspectives and creative approaches. 

  • Excellent writing skills for reporting and communication, to all levels of the organization.

  • Excellent organizational and time management skills.

  • Proficient with Microsoft Office Suite.  Excel expert. 

Education and Experience Requirements:

  • Bachelor’s degree in Business Administration, Finance, Human Resources or related field required.

  • 3-5 years of experience in compensation and/or benefits, in an analyst capacity required.

Additional Eligibility Requirements:

Certified Compensation Professional (CCP) or Certified Benefits Professional (CBP) a plus.
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